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Carbon Fiber Filled Thermoplastics Market: By Raw Material By Application and Geography
Carbon Fiber Filled Thermoplastics Market: By Raw Material By Application and Geography
Carbon Fiber Filled Thermoplastics Market size is valued at US$ 704.7 million in 2021 and is poised to grow at a CAGR of 11.8% from 2024 - 2030. The report provides a detailed overview of the market that can be segmented by Raw Material and by Application. By raw material, the global carbon fiber-filled thermoplastics have been segmented into Polyacrylonitrile and pitch. The polyacrylonitrile segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the global carbon fiber-filled thermoplastics is segmented into automotive, aerospace and defense, Wind Turbines, Sports equipment, Construction, and Marine Others. Among these, the automotive segment is expected to have the fastest-growing market during the forecast period.
In August 2019, A production and supply agreement for continuous fiber-reinforced thermoplastic for automotive and industrial applications was struck by BASF and Toray Advanced Composites.
Study Period
2024-2030Base Year
2023CAGR
11.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Drivers: One of the key factors fueling the growth of the carbon fibre market is the spike in demand for lightweight automobiles around the globe. Increased demand for the material due to its superior performance qualities at very high temperatures and high preference drive the market growth in the aerospace, defence, and energy and power sectors.
By region, North America is expected to witness the highest market share during the forecast period due to increasing demand from aerospace sector for materials with high strength.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
11.8% |
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By Raw Material |
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By Application |
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The global carbon fiber-filled thermoplastics size is valued at US$ 704.7 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.
High production and raw material costs are anticipated to restrain market expansion.
The key players in the market are LANXESS, Solvay, PolyOne Corporation, RTP Company, Celanese Corporation, Avient Corporation, Daicel Corporation, Sumitomo Bakelite Co., Ltd., Mitsubishi Chemical Corporation, PPG Industries, Inc., Asahi Kasei Corporation, SABIC, Owens Corning, TORAY INDUSTRIES, INC., BASF SE, Polymer Group Ltd, SGL Carbon, SKYi Composites Pvt. Ltd., Great Eastern Resins Industrial Co. Ltd. and JNC Corporation.
| 1. Executive Summary |
| 2. Global Carbon Fiber Filled Thermoplastics Market Introduction |
| 2.1. Global Carbon Fiber Filled Thermoplastics Market Taxonomy |
| 2.2. Global Carbon Fiber Filled Thermoplastics Market Definitions |
| 2.2.1. By Raw Material |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Carbon Fiber Filled Thermoplastics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Carbon Fiber Filled Thermoplastics Market Dynamic Factors - Impact Analysis |
| 3.6. Global Carbon Fiber Filled Thermoplastics Market Competition Landscape |
| 4. Global Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Carbon Fiber Filled Thermoplastics Market, By Raw Material, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 5.1. Polyacrylonitrile |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Pitch |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Carbon Fiber Filled Thermoplastics Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Aerospace & Defense |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Wind Turbines |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Sports equipment |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Construction |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Marine |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Carbon Fiber Filled Thermoplastics Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Region, 2024 - 2030 |
| 8. North America Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 8.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Polyacrylonitrile |
| 8.1.2. Pitch |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Automotive |
| 8.2.2. Aerospace & Defense |
| 8.2.3. Wind Turbines |
| 8.2.4. Sports equipment |
| 8.2.5. Construction |
| 8.2.6. Marine |
| 8.2.7. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Country, 2024 - 2030 |
| 8.5. North America Carbon Fiber Filled Thermoplastics Market Dynamics Trends |
| 9. Europe Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 9.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Polyacrylonitrile |
| 9.1.2. Pitch |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Automotive |
| 9.2.2. Aerospace & Defense |
| 9.2.3. Wind Turbines |
| 9.2.4. Sports equipment |
| 9.2.5. Construction |
| 9.2.6. Marine |
| 9.2.7. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Country, 2024 - 2030 |
| 9.5. Europe Carbon Fiber Filled Thermoplastics Market Dynamics Trends |
| 10. Asia-Pacific Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 10.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Polyacrylonitrile |
| 10.1.2. Pitch |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Automotive |
| 10.2.2. Aerospace & Defense |
| 10.2.3. Wind Turbines |
| 10.2.4. Sports equipment |
| 10.2.5. Construction |
| 10.2.6. Marine |
| 10.2.7. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Carbon Fiber Filled Thermoplastics Market Dynamics Trends |
| 11. Latin America Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 11.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Polyacrylonitrile |
| 11.1.2. Pitch |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Automotive |
| 11.2.2. Aerospace & Defense |
| 11.2.3. Wind Turbines |
| 11.2.4. Sports equipment |
| 11.2.5. Construction |
| 11.2.6. Marine |
| 11.2.7. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Country, 2024 - 2030 |
| 11.5. Latin America Carbon Fiber Filled Thermoplastics Market Dynamics Trends |
| 12. Middle East and Africa Carbon Fiber Filled Thermoplastics Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) |
| 12.1. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Polyacrylonitrile |
| 12.1.2. Pitch |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Automotive |
| 12.2.2. Aerospace & Defense |
| 12.2.3. Wind Turbines |
| 12.2.4. Sports equipment |
| 12.2.5. Construction |
| 12.2.6. Marine |
| 12.2.7. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Carbon Fiber Filled Thermoplastics Market - Opportunity Analysis Index, By Raw Material, Application, and Country, 2024 - 2030 |
| 12.5. MEA Carbon Fiber Filled Thermoplastics Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Raw Material Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Toray Industries Inc. |
| 13.2.2. Solvay S.A. |
| 13.2.3. SGL Group |
| 13.2.4. Hexel Corporation |
| 13.2.5. Royal TenCate N.V. |
| 13.2.6. Teijin Limited |
| 13.2.7. BASF SE |
| 13.2.8. PlastiComp Inc. |
| 13.2.9. Formosa M Co. Ltd |
| 13.2.10. Nikkiso Co. Ltd |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.