"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Green Carbon Fiber Market Size, Share, & COVID-19 Impact Analysis, By Source (Bio-based Carbon Fiber and Recycled Carbon Fiber), By Application (Aerospace, Automotive & Transportation, Wind Energy, Sporting Goods, And Others), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108668 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Green carbon fiber refers to carbon fiber which is produced using sustainable and environment friendly processes and materials. Green carbon fiber is derived from natural materials such as lignin, cellulose, algae, and agriculture waste. It widely used in car bodies, interior parts and engine parts.


In emerging economies, automotive and aerospace industries are expected to grow rapidly which increases the demand for green carbon fiber. It is also used in military aircraft, as it is lightweight and can carry more fuel and payload. Furthermore, it is used in automobile industry due to its durability in harsh conditions and corrosion resistance which is expected to boost the green carbon fiber market in coming years.

However, many consumers and industries are still unaware of the benefits and viability of green carbon fiber. A lack of awareness and understanding of the technology and its advantages is hindering the adoption of green carbon fiber and may slow down the market growth. Key market players are focusing on developing value-added products to compete with industry rivals. They are also engaged in increasing their geographic footprint through strategic expansions.

Impact of COVID-19 on the Green Carbon Fiber Market


The COVID-19 pandemic affected the manufacturing activities and production of carbon fiber globally. The lowering demand from automobile and aerospace industry restricted the green carbon fiber market growth. Travel restrictions to control COVID-19 in various regions affected the demand and supply chain. Manufacturing facilities were halted due to the unavailability of raw materials and shortage of labor, which affected the green carbon fiber market. However, normalization in businesses after COVID-19 and capital investment by the government toward the automobile and aerospace sector will positively impact the green carbon fiber market.

Segmentation
















By Source


By Application


By Geography



  • Bio-based Carbon Fiber

  • Recycled Carbon Fiber




  • Aerospace

  • Automotive

  • Wind Energy

  • Sporting Goods

  • Others




  • North America (U.S. and Canada)

  • Europe (Germany, France, Italy, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, ASEAN and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (GCC, South Africa and Rest of MEA)



Key Insights


The report will cover the following key insights:


  • The Regulatory Scenario of Green Carbon Fiber Market

  • Key Developments in Green Carbon Fiber Market

  • Impact of COVID-19 on Green Carbon Fiber Market


Analysis by source


By source, the green carbon fiber market is segmented into bio-based carbon fiber and recycled carbon fiber. The recycled carbon segment holds a significant share of green carbon fiber market. Recycle carbon fiber has good electrical conductivity, minimum thermal expansion, and low density. It is widely used in industries such as aerospace, automotive and transportation which is expected to boost the green carbon fiber market in the forecast period.

Analysis by Application


By application, the green carbon fiber market is segmented into aerospace, automotive & transportation, wind energy, sporting goods, and others. The automotive & transportation segment has the largest share of green carbon fiber market. In automotive industry, it is widely used in engine covers, interior parts, front and rare bumpers and chain covers, increasing demand for these auto parts boosts the green carbon fiber market. Moreover, green carbon fiber is used to manufacture airplane parts such as landing gear doors, wing ribs, and wing box and flap track panels propelling the green carbon fiber market.

Regional Analysis


To gain extensive insights into the market, Request for Customization


By region, the green carbon fiber market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific has been identified as the largest region in the global green fiber market. This is anticipated mainly due to China and India that are among the leading automotive producers. As green carbon fiber is mostly consumed in automotive industry it has made these two countries most lucrative in the Asia Pacific. Apart from this, wind energy sector is gaining momentum in this region which will assist the region to maintain its dominance during the forecast period.

North America and Europe are expected to drive the market moderately over the forecast period. Increasing aerospace industry in these regions is anticipated to drive the green carbon fiber market. The presence of key players contribute to drive the market in these region. The market in the Middle East & Africa region is expected to grow moderately during the forecast period.

Key Players Covered


The report will include the profiles of key players, such as ZOLTEK, Toray Industries Inc., Procotex, Vartega Inc, Gen 2 Carbon Limited, Sigmatex, Carbon Conversions and CATACK-H.

Key Industry Developments:



  • March 2022- Gen-2 Carbon Ltd. collaborated with Deakin University to promote the green carbon fiber and its development in Australia.

  • January 2023- Carbon Conversions collaborated with C12 Technology and launched its new product re-Evo RRC.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Chemicals & Materials Clients
Kpmg
Mckinsey
BASF
uniliver
LG Chem
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X