US carbon fiber market is estimated to grow significantly at a CAGR of around 8.6% during the forecast period owing to its adoption in various industries including aerospace & defense, automobile, power generation, and construction industry, among others. The aerospace industry in the US is one of the largest across the globe as per the International Trade Administration (ITA). In 2018, the industry contributed $151 billion in export sales to the US economy. At the end of 2017, the inward stock of FDI into the US aerospace manufacturing industry totaled more than $21 billion. The primary driving factors for this market include the increasing demand for lightweight materials in the aviation industry and the capability of carbon fiber components for performing better at high temperatures.
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The US carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market. The market value is attributed to the increased production by the major aerospace & defense manufacturers.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
US Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon Fiber
US Carbon Fiber Market by Industry Verticals
- Aerospace & Defense
- Automotive
- Construction Infrastructure
- Others (Sporting Goods)
Company Profiles
- Formosa Plastics Corp.
- Hexcel Corp.
- Kureha Corp.
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Nippon Carbon Co. Ltd.
- RTP Co.
- Solvay SA
- SGL Carbon SE
- Toray Industries Inc.
- Teijin Ltd.
The Report Covers
- Comprehensive research methodology of the US carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US carbon fiber market.
- Insights about market determinants which are stimulating the US carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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