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Global Carbon Fiber Thread Market to reach USD 2.42 billion by the end of 2030.

Global Carbon Fiber Thread Market Size study & Forecast, by Product Type (Continuous Carbon Fiber Thread, Chopped Carbon Fiber Thread), by End-Use Industry (Aerospace, Automotive, Sports and Recreation, Construction and Infrastructure, Others) and Regional Analysis, 2023-2030

Product Code: CMGCN-97444092
Publish Date: 20-12-2023
Page: 200

Global Carbon Fiber Thread Market is valued at approximately USD 1.6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030. Carbon Fiber Threads are thin, lightweight strands made mostly of carbon atoms. They are incredibly strong and have a high tensile strength. The production process involves selecting a precursor material such as polyacrylonitrile (PAN), pitch, or rayon, which is then spun or melted into filaments. These fibers are stabilized and then undergo carbonization, where they are heated to high temperatures in a controlled environment. This process removes non-carbon components and transforms the fibers into strong, lightweight Carbon Fiber Threads. The growing need for lightweight and strong materials in industries such as aerospace and automotive is fueling the market for Carbon Fiber Threads. Additionally, the rising demand for renewable energy, driven by concerns over the environmental impact of conventional energy sources such as fossil fuels, has led to increased usage of renewable sources such as wind energy.

The aerospace industry requires lightweight materials to enhance fuel efficiency and improve overall performance. Carbon fiber threads are highly sought after in aerospace applications due to their exceptional strength-to-weight ratio, making them a prime choice for the industry. According to the Aerospace Industries Association (AIA) in 2022, the industry’s global leadership in innovation and the export of aerospace products is a crucial factor for workforce success. In 2021, exports from the Aerospace And Defense (A&D) industry saw a significant growth of 11.2%, reaching a total value of USD 100.4 billion. Moreover, the A&D workforce experienced a modest increase of around 6,000 employees in 2021, representing a 0.3% rise compared to the previous year. Additionally, the rise in demand for sustainable and eco-friendly materials and growing demand for renewable energy sources provides lucrative opportunities to the market. However, the excessive cost of producing Carbon Fiber Thread stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Carbon Fiber Thread Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to increasing disposable income, urbanization, a growing middle class, and growing demand in the automotive sector. Asia Pacific is expected to grow significantly over the forecast period, owing to rising disposable income, and a growing automotive and aerospace sector. Additionally, government initiatives promoting lightweight materials and sustainable manufacturing further drive the demand for Carbon Fiber Threads in the region.

Major market player included in this report are:
SGL Carbon
Mitsubishi Chemical Corporation
Kureha Corporation
Hexcel Corporation
Formosa Plastics Corporation
Beijing Konfitex Technology Co., Ltd.
Toray Industries, Inc.
Teijin Limited
ZhongAo Carbon
Solvay S.A.

Recent Developments in the Market:
Ø In November 2021, Toray Industries, Inc. announced plans to enhance the production capacity of large-tow carbon fiber through its subsidiary, Zoltek Companies, Inc., in the United States. The increased capacity aims to meet the growing demand for large-tow carbon fiber and ensure a stable supply, thereby driving the growth of the Carbon Fiber Thread Market.
Ø In March 2023, Hexcel Corporation established a new research and technology center in Utah, focusing on advanced composites technologies. The state-of-the-art facility includes a modern laboratory where scientists and researchers collaborate with clients on cutting-edge composite developments for various sectors such as industrial, aerospace, space, and defense. This expansion facilitates increased carbon fiber production, contributing to the growth of the Carbon Fiber Thread Market.

Global Carbon Fiber Thread Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, End-Use Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Continuous Carbon Fiber Thread
Chopped Carbon Fiber Thread
By End Use Industry:
Sports and Recreation
Construction and Infrastructure
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Carbon Fiber Thread Market, by Region, 2020-2030 (USD Billion)
1.2.2. Carbon Fiber Thread Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Carbon Fiber Thread Market, by End Use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Carbon Fiber Thread Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Carbon Fiber Thread Market Dynamics
3.1. Carbon Fiber Thread Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Lucrative use of carbon fiber thread in various end-use industries Rise in demand for lightweight vehicles Advancements in Manufacturing Technologies
3.1.2. Market Challenges Excessive cost for producing carbon fiber thread
3.1.3. Market Opportunities Rise in demand for sustainable and eco-friendly materials Growing demand for renewable energy sources
Chapter 4. Global Carbon Fiber Thread Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Carbon Fiber Thread Market, by Product Type
5.1. Market Snapshot
5.2. Global Carbon Fiber Thread Market by Product Type, Performance – Potential Analysis
5.3. Global Carbon Fiber Thread Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Carbon Fiber Thread Market, Sub Segment Analysis
5.4.1. Continuous Carbon Fiber Thread
5.4.2. Chopped Carbon Fiber Thread
Chapter 6. Global Carbon Fiber Thread Market, by End Use Industry
6.1. Market Snapshot
6.2. Global Carbon Fiber Thread Market by End Use Industry, Performance – Potential Analysis
6.3. Global Carbon Fiber Thread Market Estimates & Forecasts by End Use Industry 2020-2030 (USD Billion)
6.4. Carbon Fiber Thread Market, Sub Segment Analysis
6.4.1. Aerospace
6.4.2. Automotive
6.4.3. Sports and Recreation
6.4.4. Construction and Infrastructure
6.4.5. Others
Chapter 7. Global Carbon Fiber Thread Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Carbon Fiber Thread Market, Regional Market Snapshot
7.4. North America Carbon Fiber Thread Market
7.4.1. U.S. Carbon Fiber Thread Market Product Type breakdown estimates & forecasts, 2020-2030 End Use Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Carbon Fiber Thread Market
7.5. Europe Carbon Fiber Thread Market Snapshot
7.5.1. U.K. Carbon Fiber Thread Market
7.5.2. Germany Carbon Fiber Thread Market
7.5.3. France Carbon Fiber Thread Market
7.5.4. Spain Carbon Fiber Thread Market
7.5.5. Italy Carbon Fiber Thread Market
7.5.6. Rest of Europe Carbon Fiber Thread Market
7.6. Asia-Pacific Carbon Fiber Thread Market Snapshot
7.6.1. China Carbon Fiber Thread Market
7.6.2. India Carbon Fiber Thread Market
7.6.3. Japan Carbon Fiber Thread Market
7.6.4. Australia Carbon Fiber Thread Market
7.6.5. South Korea Carbon Fiber Thread Market
7.6.6. Rest of Asia Pacific Carbon Fiber Thread Market
7.7. Latin America Carbon Fiber Thread Market Snapshot
7.7.1. Brazil Carbon Fiber Thread Market
7.7.2. Mexico Carbon Fiber Thread Market
7.8. Middle East & Africa Carbon Fiber Thread Market
7.8.1. Saudi Arabia Carbon Fiber Thread Market
7.8.2. South Africa Carbon Fiber Thread Market
7.8.3. Rest of Middle East & Africa Carbon Fiber Thread Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. SGL Carbon Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Mitsubishi Chemical Corporation
8.3.3. Kureha Corporation
8.3.4. Hexcel Corporation
8.3.5. Formosa Plastics Corporation
8.3.6. Beijing Konfitex Technology Co., Ltd.
8.3.7. Toray Industries, Inc.
8.3.8. Teijin Limited
8.3.9. ZhongAo Carbon
8.3.10. Solvay S.A.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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