Country-Niche Players Dominate the Carbon Fiber Composites Market, Despite the Presence of ~120 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Carbon Fiber Composites Market by Ken Research
Carbon Fiber is a long, thin strand of material, formed mostly of carbon items. The carbon items are combined together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. Carbon fiber is a polymer and is sometimes called graphite fiber. Carbon fiber is stronger and lighter than steel, which makes it ideal for manufacturing materials for multiple parts such as sports goods, automobile parts, airplane body structures, and others. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Constitute ~10% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors by Type
Competitive Analysis by the research study found that the global carbon fiber composites market is significantly competitive with ~120 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in the manufacturing and supplying of carbon fiber composites for raw material such as Polyacrylonitrile, Rayon, and others. The large global players even though comprise about 10% in terms of the number of companies, hold a majority portion of the market revenue share followed by country-niche players which account for the majority of market revenue share. Most of the players are having their headquarters in the Asia Pacific region.
2. The majority Number of Players are Specialists, Manufacturing a Wide Array of Products in the Global Carbon Fiber Composites Market
Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of carbon fiber composite products catering to multiple end-users such as automobile, wind energy, sports goods, aerospace, and defense. All leading competitors have a strong presence in the global carbon fiber composites market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to end-users demands.
- In November 2021, Hexcel Corporation and Fairmat, a deep technology startup based in France, announced an agreement to build the capability to recycle carbon fiber prepreg from Hexcel European operations for reuse in composites panel sold into the commercial market.
- In July 2021, Mitsubishi Chemical Corporation acquired two Germany-based carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG and CarbonNXT GmbH.
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3. Government Initiatives & Programs to Encourage the Expansion of the Global Carbon Fiber Composites Market
- According Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce, stated that, in September 2021, the Indian government issued a notification regarding a PLI (Production Linked Scheme) for automobile and auto components worth US$ 3.49 billion.
- In 2021, US$ 40.84 was invested for the construction of new wind farms in Europe, financing a record 24.6 GW of new capacity.
For more information on the research report, refer to the below link:-