Few Diverse Global Players Dominate the Market Holding ~40% of Revenue Share Despite the Presence of about ~250 competitors comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Carbon Fiber Market by Ken Research.
Carbon atoms make up the majority of carbon fibers, which have a diameter of 5 to 10 micrometers. High stiffness, good tensile strength, low weight, high chemical resistance, high-temperature tolerance, and minimal thermal expansion are only a few benefits of carbon fibers. Due to these qualities, carbon fiber is particularly common in the fields of motorsports, aircraft, civil engineering, military, and other competitive sports. They are relatively expensive compared to fibers similar to them, like glass or plastic fibers.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Who Comprise 15% in Terms of the Number of Competitors Hold the Dominant Revenue Share
Competitive Analysis by the Ken Research Study found that the Global Carbon Fiber Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the carbon fiber. The country-niche players comprise about ~55% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create carbon fiber products often get acquired by large global players seeking to grow and diversify quickly.
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2. Leading Specialist Global Players’ Ongoing Efforts To Provide Carbon Fiber To a Variety of Industries Drive the Growth of the Market
Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as Toray Industries, Inc., Sgl Carbon, Teijin Limited., Mitsubishi Chemical Carbon Fiber and Composites, Inc., Hexcel Corporation, Solvay, Hyosung Advanced Materials., Formosa Plastics Corporation, BASF SE, DowAksa and others are the major companies operating in Global Carbon Fiber Market.
- In August 2020, Two German enterprises that recycle carbon fiber, CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT, were successfully acquired by Mitsubishi Chemical Corporation.
- In April 2021, Mitsubishi Chemical Corporation and Dymon Co. Ltd., a company that develops robots and spacecraft, partnered. By this agreement, MCC will deliver technical assistance, thermoplastic materials, and carbon fiber-reinforced plastic (CFRP) components.
3. Government And Manufacturing Initiatives to Aid in the Expansion of the Global Market for Carbon Fiber Market
- In July 2022, The National Composites Centre (NCC, Bristol, UK) initiated a project to industrialize continuous carbon fiber reclamation in the United Kingdom. A group of composites experts will develop and expand the industrial procedures required to create a market for recycled continuous carbon fiber over the three-year innovation initiative.
- Anguil has created the most cutting-edge air pollution management technology now used in carbon fiber and composite manufacturing. Its unique designs provide process systems with possibilities for energy recovery, high destruction efficiency, and minimal greenhouse gas emission.
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Key Topics Covered in the Report
- Snapshot of the Global Carbon Fiber Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Carbon Fiber Market
- Historic Growth of the Overall Global Carbon Fiber Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Carbon Fiber Industry
- Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Carbon Fiber Market
- Future Market Forecast and Growth Rates of the Total Global Carbon Fiber Market and by Segments
- Market Size of Tow Size Segments with Historical CAGR and Future Forecasts
- Analysis of Global Carbon Fibers in Major Regions
- Major Type/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
- Toray Industries, Inc.
- Sgl Carbon
- Teijin Limited.
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Hexcel Corporation
- Solvay
- Hyosung Advanced Materials.
- Formosa Plastics Corporation
- BASF SE
- DowAksa
Notable Emerging Companies Mentioned in the Report
- Nippon Graphite Fiber Co.
- ZOLTEK Corporation
- Gen 2 Carbon Limited
- Carbon Fibre Tubes Ltd.
- Sigmatex
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Carbon Fiber Companies
- Carbon Fiber Association
- Research & Development Institutes for Carbon Fiber
- Carbon Fiber Manufactures
- Carbon Fiber Supplier
- Carbon Fiber Raw Material Provider
- Investment Banks Targeting Carbon Fiber Market
- Fiber Composites Companies
- Fiber Composites Providers
- Fiber Composites Manufacturers
- Fiber Composites Suppliers
- Emerging and Startup Composites Companies in the Market
- Government Departments of Polymers and Other Chemicals
- Ministries and Departments of Paint & Coating
- Ministries and Departments of Construction Materials
- Importers and Distributors of Plastics and Composites
- Chemicals Testing and Regulatory Authorities
- Chemicals Research Institutes
For more information on the research report, refer to the below link:
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