Renewable Carbon Fibers Market Synopsis
Renewable Carbon Fibers Market Size Was Valued at USD 73 Billion in 2023 and is Projected to Reach USD 103.63 Billion by 2032, Growing at a CAGR of 3.97% From 2024-2032
The Renewable Carbon Fibers Market is related to the creation and application of carbon fibers received through the processing of renewable resource materials like lignin, cellulose, and algae. Informative It is worth stating that these fibers are more sustainable for use than the known carbon fibers that are derived mostly from petroleum products. Applications of renewable carbon fibers include aerospace, automotive industries, construction, sports-recreation, wind turbines, boats, and ships. The manufacturing processes consist of pyrolysis, gasification, and catalytic conversion to allow for friendly materials with excellent performances. It is geographically divided into the markets of North America, Europe, Asia-Pacific, Latin America as well as Middle East & Africa.
- The key driver for the Renewable Carbon Fibers Market is the rising consciousness about carbon friendly products in the present-day planet. With environmental pressures rising, and the continuously increasing regulations on emission outputs contemporary industries including aerospace, automotive, as well as construction are in the pursuit of suitable carbon fiber replacements to the conventional petroleum-based carbon fibers. Newer materials such as carbon fibers embedded from renewables, lignin, cellulose, and even algae are environmentally friendly but not creatively lacking in performance. These fibers also lower the carbon impact and support the utilization of renewable materials consistent with global environmental objectives.
- Also, improvements in manufacturing technologies like pyrolysis, gasification, and catalytic conversion enabled the enhancement of production of renewable carbon fibers with lower costs. The increasing R&D expenditure and the governmental policies for encouraging the use of green material also fuel the market. The market has also benefitted from the increasing consumer and industrial awareness about the utilization of renewable carbon fibers making use of applications ranging from infrastructures to sport, wind and marine power equipment.
Renewable Carbon Fibers Market Trend Analysis
Advancements in Renewable Carbon Fiber Manufacturing Techniques
- Renewable carbon fibers market is growing at a rapid pace mainly because of growing awareness of environmental issues and the use of various industries. Different kinds of carbon fibers are produced from petroleum products, therefore, the growing need for less harm agents on the environment. Carbon fibers from renewable sources such as lignin, cellulose, and algae do not lack in performance putting into consideration the use of renewable resources. These fibers, and their composites, are finding more applications in high-performance sectors including aerospace and aviation, automobiles and automotive, construction, sports and recreation, wind energy and marine/maritime industries due to improved light weight-high strength properties that reduce on the carbon footprint.
- Innovations in the pyrolysis technology, gasification, and catalytic conversion provide better value and improved cost of the renewable carbon fibers compared to the synthetic fibers. Moreover, legal requirements for the subsidies and improvement of the consumption of renewable materials and decreasing greenhouse emissions are driving the market even more. Therefore, the lead zones in the evolution and utilization of renewable carbon fibers are the North American, European, and Asia-Pacific zones, with constant research and advancement. The market’s growth is also backed up by growing investments as well as collaborations between the major industry players to advance the production technologies and find new applications.
Building a Greener Future, Exploring the Potential of Renewable Carbon Fibers
- Thus, the primary driver of the Renewable Carbon Fibers Market exists in opportunities accessible with the demand for carbon fibers being propelled by the green economy. New application areas are emerging in aerospace, automotive, and construction industries, where industries are shifting towards utilizing renewable-based carbon fibers instead of petroleum-based ones. fibers such as those from lignin, cellulose, and algae apart from cutting on the use of fossil fuels; they are in line with the global sustainable development goals. Also, manufacturing techniques like pyrolysis and catalytic conversion are becoming better and cheaper in terms of manufacturing renewable carbon fibers and boosting the market prospect.
- Investment in research and development which is important to enhance the performance characteristics and also increase the production scales of market renewable carbon fibers are planned to be expanded in the near future. North America, Europe and Asia-Pacific remain the most active markets particularly due to the encouraging government policies and increased industrial usage. In the automotive industrial, the desire for lightweight, energy efficient car parts, has led to growing acceptance of renewable carbon fibers while in aerospace industry, high strength light weight material has opened up a large market. In general, it could be concluded that the market for renewable carbon fibers will grow as industries around the world pay more attention to using a sustainable resource.
Renewable Carbon Fibers Market Segment Analysis:
Renewable Carbon Fibers Market Segmented on the basis of Source, Type, Product Form and Application.
By Type, Virgin Carbon Fibers segment is expected to dominate the market during the forecast period
- There two main categories of carbon fibers that are available in the Renewable Carbon Fibers Market and they are the virgin carbon fibres and recycled carbon fibres. Virgin Carbon Fibers come from raw and renewable materials such as; lignin or cellulose and are highly pure and possess high performance attributes that are suitable in the aerospace and automotive industry. They offer an innovative solution of ‘high performance’ materials with strength that can be compared to metals, although their production might be more expensive.
- Recycled carbon fibers, in turn, are built from post-consumer or post-industrial waste carbon fibers, reuse the Carbon fibers hence decreasing the impact on the environment. They may be a cheaper solution and are environmentally friendly hence ideal for use in areas that factors such as cost and environmental impacts are of great concern. Both types help to expand the market’s growth potential as a result of the constantly rising demand for eco-friendly and high-performance materials.
By Application, Aerospace & Defense segment held the largest share in 2024
- The applications in the Renewable Carbon Fibers Market cover several leading industries, all of which enjoy the use of the material. Renewable carbon fibers find application in Aerospace & Defense due to relatively low density and excellent mechanical properties which are necessary to decrease the consumption of fuel and increase efficiency. In the Automotive industry, these fibers are employed so as to design automobiles that consume less fuel and thus emit less widely damaging gases to the atmosphere.
- The Construction industry also applies renewable carbon fibers to structures because of their durability and high strength thus increasing structure and their sustainable nature. In Sporting Goods, these fibers offer superior performance and longer life to the equipment, such as bicycles and skis. For Wind Energy applications, the specifically high strength-to-weight ratio of the fibers ensures improvement in the performance as well as life cycle of wind turbine blades. They are some of the characteristics that make the Marine sector use them due to their characteristics that enhance boat and marine structures’ durability by resisting corrosion and impact. The consumer goods as well as electronics in the “Other” group entails different applications that benefit from the utilization of renewable carbon fibres, for instance, strength and lightweight attributes.
Renewable Carbon Fibers Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- As industries in the Asia-Pacific region are developing faster and the emphasis on renewable materials is increasing, this region can be considered one of the promising ones in the field of Renewable Carbon Fibers Market. Currently, Asian countries such as China, Japan, India, and South Korea leads the renewable carbon fiber advancements due to their reputation in manufacturing and research on new technologies. The need to minimize life cycle cost hence, innovate on new materials and designs is the main reason because industries like auto mobile, aerospace, turbo machineries and windmill industries are majorly present in this region.
- Also, the Asia-Pacific market enjoys the support of friendly policies and favorable measures put in place by governments that advocate the use of replenishable resources. The increased awareness in green technologies and eco-friendly systems is helping push the renewable carbon fibers into new usage avenues. Given the ever-growing market for sustainable and high-performance materials, this region is set to expand its renewable carbon fiber manufacturing and use, and become a leading player on the global market.
Active Key Players in the Renewable Carbon Fibers Market
- Mitsubishi Chemical Corporation (Japan)
- Hexcel Corporation (United States)
- SGL Carbon SE (Germany)
- Toray Industries, Inc. (Japan)
- Cytec Solvay Group (Belgium)
- Formosa Plastics Corporation (Taiwan)
- Zoltek Companies, Inc. (United States)
- Teijin Limited (Japan)
- U.S. Carbon (United States)
- Freudenberg Performance Materials (Germany)
- Owens Corning (United States)
- ELG Carbon Fibre Ltd (United Kingdom)
- Toho Tenex Co., Ltd. (Japan)
- JPS Composite Materials (United States)
- Carbon Clean Solutions Limited (United Kingdom), Others
Global Renewable Carbon Fibers Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 73 Bn. |
Forecast Period 2024-32 CAGR: |
3.97% |
Market Size in 2032: |
USD 103.63 Bn. |
Segments Covered: |
By Type |
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By Source |
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By Product Form |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (United States), SGL Carbon SE (Germany), Toray Industries, Inc. (Japan), Cytec Solvay Group (Belgium), Formosa Plastics Corporation (Taiwan), Zoltek Companies, Inc. (United States), Teijin Limited (Japan), U.S. Carbon (United States), Freudenberg Performance Materials (Germany), Owens Corning (United States), ELG Carbon Fibre Ltd (United Kingdom), Toho Tenax Co., Ltd. (Japan), JPS Composite Materials (United States), Carbon Clean Solutions Limited (United Kingdom), and Other Major Players. |
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Renewable Carbon Fibers Market by Type
4.1 Renewable Carbon Fibers Market Snapshot and Growth Engine
4.2 Renewable Carbon Fibers Market Overview
4.3 Virgin Carbon Fibers
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Virgin Carbon Fibers: Geographic Segmentation Analysis
4.4 Recycled Carbon Fibers
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Recycled Carbon Fibers: Geographic Segmentation Analysis
Chapter 5: Renewable Carbon Fibers Market by Source
5.1 Renewable Carbon Fibers Market Snapshot and Growth Engine
5.2 Renewable Carbon Fibers Market Overview
5.3 Lignin
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Lignin: Geographic Segmentation Analysis
5.4 Cellulose
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Cellulose: Geographic Segmentation Analysis
5.5 Algae
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Algae: Geographic Segmentation Analysis
5.6 Other Renewable Sources
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Other Renewable Sources: Geographic Segmentation Analysis
Chapter 6: Renewable Carbon Fibers Market by Product Form
6.1 Renewable Carbon Fibers Market Snapshot and Growth Engine
6.2 Renewable Carbon Fibers Market Overview
6.3 Continuous Tow
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Continuous Tow: Geographic Segmentation Analysis
6.4 Chopped Fiber
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Chopped Fiber: Geographic Segmentation Analysis
6.5 Non-Woven Mats
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Non-Woven Mats: Geographic Segmentation Analysis
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation Analysis
Chapter 7: Renewable Carbon Fibers Market by Application
7.1 Renewable Carbon Fibers Market Snapshot and Growth Engine
7.2 Renewable Carbon Fibers Market Overview
7.3 Aerospace & Defense
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Aerospace & Defense: Geographic Segmentation Analysis
7.4 Automotive
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Automotive: Geographic Segmentation Analysis
7.5 Construction
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Construction: Geographic Segmentation Analysis
7.6 Sporting Goods
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Sporting Goods: Geographic Segmentation Analysis
7.7 Wind Energy
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Wind Energy: Geographic Segmentation Analysis
7.8 Marine
7.8.1 Introduction and Market Overview
7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.8.3 Key Market Trends, Growth Factors and Opportunities
7.8.4 Marine: Geographic Segmentation Analysis
7.9 Others
7.9.1 Introduction and Market Overview
7.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.9.3 Key Market Trends, Growth Factors and Opportunities
7.9.4 Others: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Renewable Carbon Fibers Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 MITSUBISHI CHEMICAL CORPORATION (JAPAN)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 HEXCEL CORPORATION (UNITED STATES)
8.4 SGL CARBON SE (GERMANY)
8.5 TORAY INDUSTRIES INC (JAPAN)
8.6 CYTEC SOLVAY GROUP (BELGIUM)
8.7 FORMOSA PLASTICS CORPORATION (TAIWAN)
8.8 ZOLTEK COMPANIES INC (UNITED STATES)
8.9 TEIJIN LIMITED (JAPAN)
8.10 U.S. CARBON (UNITED STATES)
8.11 FREUDENBERG PERFORMANCE MATERIALS (GERMANY)
8.12 OWENS CORNING (UNITED STATES)
8.13 ELG CARBON FIBRE LTD (UNITED KINGDOM)
8.14 TOHO TENEX CO LTD (JAPAN)
8.15 JPS COMPOSITE MATERIALS (UNITED STATES)
8.16 CARBON CLEAN SOLUTIONS LIMITED (UNITED KINGDOM)
8.17 OTHERS
Chapter 9: Global Renewable Carbon Fibers Market By Region
9.1 Overview
9.2. North America Renewable Carbon Fibers Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Type
9.2.4.1 Virgin Carbon Fibers
9.2.4.2 Recycled Carbon Fibers
9.2.5 Historic and Forecasted Market Size By Source
9.2.5.1 Lignin
9.2.5.2 Cellulose
9.2.5.3 Algae
9.2.5.4 Other Renewable Sources
9.2.6 Historic and Forecasted Market Size By Product Form
9.2.6.1 Continuous Tow
9.2.6.2 Chopped Fiber
9.2.6.3 Non-Woven Mats
9.2.6.4 Others
9.2.7 Historic and Forecasted Market Size By Application
9.2.7.1 Aerospace & Defense
9.2.7.2 Automotive
9.2.7.3 Construction
9.2.7.4 Sporting Goods
9.2.7.5 Wind Energy
9.2.7.6 Marine
9.2.7.7 Others
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Renewable Carbon Fibers Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Type
9.3.4.1 Virgin Carbon Fibers
9.3.4.2 Recycled Carbon Fibers
9.3.5 Historic and Forecasted Market Size By Source
9.3.5.1 Lignin
9.3.5.2 Cellulose
9.3.5.3 Algae
9.3.5.4 Other Renewable Sources
9.3.6 Historic and Forecasted Market Size By Product Form
9.3.6.1 Continuous Tow
9.3.6.2 Chopped Fiber
9.3.6.3 Non-Woven Mats
9.3.6.4 Others
9.3.7 Historic and Forecasted Market Size By Application
9.3.7.1 Aerospace & Defense
9.3.7.2 Automotive
9.3.7.3 Construction
9.3.7.4 Sporting Goods
9.3.7.5 Wind Energy
9.3.7.6 Marine
9.3.7.7 Others
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Bulgaria
9.3.8.2 The Czech Republic
9.3.8.3 Hungary
9.3.8.4 Poland
9.3.8.5 Romania
9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Renewable Carbon Fibers Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Type
9.4.4.1 Virgin Carbon Fibers
9.4.4.2 Recycled Carbon Fibers
9.4.5 Historic and Forecasted Market Size By Source
9.4.5.1 Lignin
9.4.5.2 Cellulose
9.4.5.3 Algae
9.4.5.4 Other Renewable Sources
9.4.6 Historic and Forecasted Market Size By Product Form
9.4.6.1 Continuous Tow
9.4.6.2 Chopped Fiber
9.4.6.3 Non-Woven Mats
9.4.6.4 Others
9.4.7 Historic and Forecasted Market Size By Application
9.4.7.1 Aerospace & Defense
9.4.7.2 Automotive
9.4.7.3 Construction
9.4.7.4 Sporting Goods
9.4.7.5 Wind Energy
9.4.7.6 Marine
9.4.7.7 Others
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 Netherlands
9.4.8.5 Italy
9.4.8.6 Russia
9.4.8.7 Spain
9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Renewable Carbon Fibers Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Type
9.5.4.1 Virgin Carbon Fibers
9.5.4.2 Recycled Carbon Fibers
9.5.5 Historic and Forecasted Market Size By Source
9.5.5.1 Lignin
9.5.5.2 Cellulose
9.5.5.3 Algae
9.5.5.4 Other Renewable Sources
9.5.6 Historic and Forecasted Market Size By Product Form
9.5.6.1 Continuous Tow
9.5.6.2 Chopped Fiber
9.5.6.3 Non-Woven Mats
9.5.6.4 Others
9.5.7 Historic and Forecasted Market Size By Application
9.5.7.1 Aerospace & Defense
9.5.7.2 Automotive
9.5.7.3 Construction
9.5.7.4 Sporting Goods
9.5.7.5 Wind Energy
9.5.7.6 Marine
9.5.7.7 Others
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Renewable Carbon Fibers Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Type
9.6.4.1 Virgin Carbon Fibers
9.6.4.2 Recycled Carbon Fibers
9.6.5 Historic and Forecasted Market Size By Source
9.6.5.1 Lignin
9.6.5.2 Cellulose
9.6.5.3 Algae
9.6.5.4 Other Renewable Sources
9.6.6 Historic and Forecasted Market Size By Product Form
9.6.6.1 Continuous Tow
9.6.6.2 Chopped Fiber
9.6.6.3 Non-Woven Mats
9.6.6.4 Others
9.6.7 Historic and Forecasted Market Size By Application
9.6.7.1 Aerospace & Defense
9.6.7.2 Automotive
9.6.7.3 Construction
9.6.7.4 Sporting Goods
9.6.7.5 Wind Energy
9.6.7.6 Marine
9.6.7.7 Others
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkey
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Renewable Carbon Fibers Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Type
9.7.4.1 Virgin Carbon Fibers
9.7.4.2 Recycled Carbon Fibers
9.7.5 Historic and Forecasted Market Size By Source
9.7.5.1 Lignin
9.7.5.2 Cellulose
9.7.5.3 Algae
9.7.5.4 Other Renewable Sources
9.7.6 Historic and Forecasted Market Size By Product Form
9.7.6.1 Continuous Tow
9.7.6.2 Chopped Fiber
9.7.6.3 Non-Woven Mats
9.7.6.4 Others
9.7.7 Historic and Forecasted Market Size By Application
9.7.7.1 Aerospace & Defense
9.7.7.2 Automotive
9.7.7.3 Construction
9.7.7.4 Sporting Goods
9.7.7.5 Wind Energy
9.7.7.6 Marine
9.7.7.7 Others
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Global Renewable Carbon Fibers Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 73 Bn. |
Forecast Period 2024-32 CAGR: |
3.97% |
Market Size in 2032: |
USD 103.63 Bn. |
Segments Covered: |
By Type |
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|
By Source |
|
||
By Product Form |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (United States), SGL Carbon SE (Germany), Toray Industries, Inc. (Japan), Cytec Solvay Group (Belgium), Formosa Plastics Corporation (Taiwan), Zoltek Companies, Inc. (United States), Teijin Limited (Japan), U.S. Carbon (United States), Freudenberg Performance Materials (Germany), Owens Corning (United States), ELG Carbon Fibre Ltd (United Kingdom), Toho Tenax Co., Ltd. (Japan), JPS Composite Materials (United States), Carbon Clean Solutions Limited (United Kingdom), and Other Major Players. |
Frequently Asked Questions :
The forecast period in the Renewable Carbon Fibers Market research report is 2024-2032.
Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (United States), SGL Carbon SE (Germany), Toray Industries, Inc. (Japan), Cytec Solvay Group (Belgium), Formosa Plastics Corporation (Taiwan), Zoltek Companies, Inc. (United States), Teijin Limited (Japan), U.S. Carbon (United States), Freudenberg Performance Materials (Germany), Owens Corning (United States), ELG Carbon Fibre Ltd (United Kingdom), Toho Tenax Co., Ltd. (Japan), JPS Composite Materials (United States), Carbon Clean Solutions Limited (United Kingdom) and Other Major Players.
The Renewable Carbon Fibers Market is segmented into by Type (Virgin Carbon Fibers, Recycled Carbon Fibers), by Source (Lignin, Cellulose, Algae, Other Renewable Sources), By Product Form (Continuous Tow, Chopped Fiber, Non-Woven Mats, Others), Application (Aerospace & Defense, Automotive, Construction, Sporting Goods, Wind Energy, Marine, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Renewable Carbon Fibers Market is related to the creation and application of carbon fibers received through the processing of renewable resource materials like lignin, cellulose, and algae. Informative It is worth stating that these fibers are more sustainable for use than the known carbon fibers that are derived mostly from petroleum products. Applications of renewable carbon fibers include aerospace, automotive industries, construction, sports-recreation, wind turbines, boats, and ships. The manufacturing processes consist of pyrolysis, gasification, and catalytic conversion to allow for friendly materials with excellent performances. It is geographically divided into the markets of North America, Europe, Asia-Pacific, Latin America as well as Middle East & Africa.
Renewable Carbon Fibers Market Size Was Valued at USD 73 Billion in 2023 and is Projected to Reach USD 103.63 Billion by 2032, Growing at a CAGR of 3.97% From 2024-2032