Carbon fiber has remarkable properties such as tensile strength, stiffness, low density, electrical conductivity, and chemical inertness; which makes it an ideal material to be used in a number of applications in several industries such as aerospace, wind energy, automotive, industrial applications, and sporting goods.

1. Carbon Fiber Market by Types, Applications, Trends & Global Forecasts (2011 –
2016)
ReportsnReports.com adds Freedonia Group Market Research Report “Carbon Fiber Market
by Types, Applications, Trends & Global Forecasts (2011 – 2016)’’ to its store.
Carbon fiber has remarkable properties such as tensile strength, stiffness, low density,
electrical conductivity, and chemical inertness; which makes it an ideal material to be used
in a number of applications in several industries such as aerospace, wind energy,
automotive, industrial applications, and sporting goods.
Historically, carbon fiber industry has been cyclical with a period of limited supply resulting
in high prices to periods of oversupply & falling prices. However, the market has
experienced excellent growth recently. The growth rate for the last 23 years averaged about
12%. Rapid increase in demand for carbon fiber for newer applications such as wind energy
and industrial applications are said to drive the market further in the years to come.
Though the carbon fiber has been around for more than three decades now, it is still far
from being commercialized. It is still a niche industry with some amount of mass usage in
aerospace industry; but in the other industries, there is still a long way to go. The cost of
the carbon fiber varies from application to application, aerospace grade carbon fiber being
the most expensive among the available variety. The main hindrance for commercialization
is the current cost of the carbon fiber that is very high due to the soaring cost of the raw
material that is currently being used and also the processing methods that are highly
energy consuming.
There is currently a pressing need to improve vehicle fuel efficiency, industrial energy
efficiency, and to produce energy through renewable sources across the globe. The answer
to these problems currently lies in using stiffer & lighter carbon fiber in place of traditional
metals. Department of Energy (U.S.) and government of Japan have invested heavily in
developing materials and technologies for the production of low-cost carbon fiber. If they
succeed, there will be a revolution in the carbon fiber industry; especially in automotive
arena.
This market research study provides detailed qualitative and quantitative analysis of
the carbon fiber market. It gives the current market size & individual forecasts for PAN-
based or pitch-based carbon fiber. It further classifies PAN-based market into sub categories
such as small-tow & large-tow and provides current & future market data for these
categories. In addition, it probes in detail into each applications market and provides
separate forecasts for aerospace, wind energy, automotive & sporting goods applications, by
geography & even in-depth by regions. In addition, the study also analyzes the supply
chain, raw material supply, cost structure, regulatory issues, patents, and competitive
structure of the market.
We have used numerous secondary sources such as encyclopedia, directories, technical
magazines, excerpts from conferences, and databases to identify and collect information
useful for this extensive technical and commercial study of carbon fiber industry. The

2. primary sources – selected experts from related industries and selected suppliers have been
interviewed to obtain and verify critical information as well as to assess the future
prospects.
This report focuses on the carbon fiber market and categorizes the global carbon fiber
market on the basis of types, applications, and geography:
On the basis of types:
 PAN-based
 Small-tow
 Large-tow
 Pitch-based
 Rayon-based
On the basis of applications:
 Aerospace
 Wind Energy
 Automotive
 Sporting goods
 Other new applications
On the basis of geography:
 North America
 Europe
 Asia-Pacific (APAC)
 ROW
TABLE OF CONTENTS
1 INTRODUCTION
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 KEY DATA POINTS FROM SECONDARY SOURCES
1.5.3 LIST OF SECONDARY SOURCES
1.5.4 KEY DATA POINTS FROM PRIMARY SOURCES
1.5.5 ASSUMPTIONS
1.6 KEY QUESTIONS ANSWERED
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 BURNING ISSUES
3.2.1 HIGH CAPITAL COSTS
3.2.2 NEED FOR LOW COST TECHNOLOGIES
3.3 WINNING IMPERATIVES
3.3.1 MASSIVE RESEARCH & DEVELOPMENT EFFORTS
3.3.2 NEW PRODUCTION CAPACITY EXPANSIONS

3. 3.3.3 COLLABORATIONS TO DEVELOP NEW APPLICATIONS
3.4 MARKET GROWTH METRICS
3.4.1 DRIVERS
3.4.1.1 Automotive industry
3.4.1.1.1 Demand for fuel efficient vehicles
3.4.1.1.2 Reduction in manufacturing cost
3.4.1.1.3 High demand from current & emerging applications & increased demand in Asia
3.4.1.2 Aerospace industry
3.4.1.2.1 Increased demand for passenger & freight aircrafts
3.4.1.2.2 Structural & performance advantages
3.4.1.2.3 Use of carbon fiber in Boeing & Airbus
3.4.1.3 Recent developments towards mass production in automotive & aerospace
3.4.2 RESTRAINTS
3.4.2.1 High cost of carbon fiber
3.4.2.2 Insufficient production capacity
3.4.2.3 Processing difficulties & lack of automation
3.4.3 OPPORTUNITIES
3.4.3.1 Potential opportunities in emerging applications
3.4.3.2 Increasing application areas as prices come down
3.4.3.3 Growing demand of carbon fiber in emerging economies
3.5 GLOBAL CARBON FIBER MARKET LANDSCAPE
3.6 MARKET SHARE ANALYSIS
3.7 PORTER’S FIVE FORCES ANALYSIS
3.7.1 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS
3.7.2 THREAT FROM NEW ENTRANTS
3.7.3 THREAT FROM SUBSTITUTES
3.7.4 BARGAINING POWER OF SUPPLIERS & BUYERS
3.8 POLICY & REGULATIONS
3.9 RAW MATERIAL ANALYSIS
3.10 TECHNOLOGY TRENDS
3.11 VALUE CHAIN ANALYSIS
3.11.1 HISTORIC CARBON FIBER INDUSTRY CONSOLIDATION TRENDS
3.11.2 COMMONLY ADOPTED STRATEGIES IN BACKWARD & FORWARD INTEGRATION
APPROACHES
3.11.3 RECENT DEVELOPMENTS IN FORWARD & BACKWARD INTEGRATION
3.12 COST ANALYSIS
3.12.1 COST DRIVERS
3.12.2 COST REDUCTION STRATEGIES
3.13 R&D, INVESTMENT TRENDS
3.14 PATENT ANALYSIS
4 GLOBAL CARBON FIBER MARKET, BY TYPES
4.1 INTRODUCTION
4.2 POLYACRYLONITRILE (PAN-BASED) CARBON FIBERS
4.2.1 SMALL-TOW (<24K)
4.2.2 LARGE-TOW (>24K)
4.3 PITCH-BASED
4.4 RAYON-BASED

4. 5 GLOBAL CARBON FIBER MARKET,BY APPLICATIONS
5.1 INTRODUCTION
5.2 AEROSPACE
5.2.1 GLOBAL CARBON FIBER MARKET IN AEROSPACE APPLICATION
5.2.2 NORTH AMERICA: U.S. AEROSPACE INDUSTRY ACCOUNTS FOR A MAJOR SHARE
5.2.3 EUROPE: FRANCE HAS A MAJOR MARKET SHAREOF 19.2%
5.2.4 ASIA-PACIFIC: JAPAN HAS HIGHEST MARKET SHARE IN TERMS OF REVENUE
5.3 WIND ENERGY
5.3.1 GLOBAL CARBON FIBER MARKET IN WIND ENERGY APPLICATION
5.3.2 NORTH AMERICA: INCREASING NUMBER OF WIND ENERGY PLANTS IN U.S.
5.3.3 EUROPE: SPAIN & GERMANY LEAD IN THE USE OF CARBON FIBER
5.3.4 ASIA-PACIFIC: MAJOR USERS OF WIND POWER ARE JAPAN & CHINA
5.4 AUTOMOTIVE
5.4.1 GLOBAL CARBON FIBER MARKET IN AUTOMOTIVE APPLICATION
5.4.2 NORTH AMERICA: U.S. POLICY ON GHG DRIVES DEMAND FOR CARBON FIBER USAGE
5.4.3 EUROPE: AUTO MANUFACTURERS EXPERIMENTING ON LARGE SCALE USE OF
CARBON FIBER
5.4.4 ASIA–PACIFIC: LEXUS LFA BODY HAS 65% CFRP BY MASS
5.5 SPORTING GOODS
5.5.1 GLOBAL CARBON FIBER MARKET IN SPORTING GOODS APPLICATION
5.5.2 NORTH AMERICA: U.S. IS THE LARGEST CONSUMER OF SPORTING GOODS
5.5.3 EUROPE: GERMANY LEADS THE MARKET
5.5.4 ASIA-PACIFIC: CHINA IS A SIGNIFICANT MARKET
5.6 OTHER NEW APPLICATIONS
6 CARBON FIBER MARKET, BY GEOGRAPHY
6.1 INTRODUCTION
6.2 NORTH AMERICA
6.3 EUROPE
6.4 ASIA-PACIFIC
7 COMPETITIVE LANDSCAPE
8 COMPANY PROFILES
8.1 AKRILIC KIMYA SANAYII ANONIM SIRKETI (AKSA)
8.1.1 OVERVIEW
8.1.2 FINANCIALS
8.1.3 PRODUCTS & SERVICES
8.1.4 STRATEGY
8.1.5 DEVELOPMENTS
8.2 BLUESTAR FIBRES CO LTD
8.2.1 OVERVIEW
8.2.2 FINANCIALS
8.2.3 PRODUCTS & SERVICES
8.2.4 STRATEGY
8.3 CARBON MODS
8.3.1 OVERVIEW
8.3.2 FINANCIALS
8.3.3 PRODUCTS & SERVICES

5. 8.3.4 STRATEGY
8.4 CYTEC INDUSTRIES INC
8.4.1 OVERVIEW
8.4.2 FINANCIALS
8.4.3 PRODUCTS & SERVICES
8.4.4 STRATEGY
8.4.5 DEVELOPMENTS
8.5 FORMOSA PLASTICS CORP
8.5.1 OVERVIEW
8.5.2 FINANCIALS
8.5.3 PRODUCTS & SERVICES
8.5.4 STRATEGY
8.5.5 DEVELOPMENTS
8.6 HEXCEL CORP
8.6.1 OVERVIEW
8.6.2 FINANCIALS
8.6.3 PRODUCTS & SERVICES
8.6.4 STRATEGY
8.6.5 DEVELOPMENTS
8.7 KEMROCK INDUSTRIES AND EXPORTS LTD
8.7.1 OVERVIEW
8.7.2 FINANCIALS
8.7.3 PRODUCTS & SERVICES
8.7.4 STRATEGY
8.7.5 DEVELOPMENTS
8.8 KUREHA CORP
8.8.1 OVERVIEW
8.8.2 FINANCIALS
8.8.3 PRODUCTS & SERVICES
8.8.4 STRATEGY
8.8.5 DEVELOPMENTS
8.9 MITSUBISHI RAYON CO. LTD
8.9.1 OVERVIEW
8.9.2 FINANCIALS
8.9.3 PRODUCTS & SERVICES
8.9.4 STRATEGY
8.9.5 DEVELOPMENTS
8.10 NIPPON GRAPHITE FIBER CORP (NGF)
8.10.1 OVERVIEW
8.10.2 FINANCIALS
8.10.3 PRODUCTS & SERVICES
8.10.4 STRATEGY
8.10.5 DEVELOPMENTS
8.11 RIVER CARBON TECHNOLOGIES LTD
8.11.1 OVERVIEW
8.11.2 FINANCIALS
8.11.3 PRODUCTS & SERVICES
8.11.4 STRATEGY
8.12 SGL CARBON GROUP

6. 8.12.1 OVERVIEW
8.12.2 FINANCIALS
8.12.3 PRODUCTS & SERVICES
8.12.4 STRATEGY
8.12.5 DEVELOPMENTS
8.13 TEIJIN LTD
8.13.1 OVERVIEW
8.13.2 FINANCIALS
8.13.3 PRODUCTS & SERVICES
8.13.4 STRATEGY
8.13.5 DEVELOPMENTS
8.14 TORAY INDUSTRIES INC
8.14.1 OVERVIEW
8.14.2 FINANCIALS
8.14.3 PRODUCTS & SERVICES
8.14.4 STRATEGY
8.14.5 DEVELOPMENTS
8.15 UST MAMIYA
8.15.1 OVERVIEW
8.15.2 FINANCIALS
8.15.3 PRODUCTS & SERVICES
8.15.4 STRATEGY
8.15.5 DEVELOPMENTS
8.16 ZOLTEK CORP
8.16.1 OVERVIEW
8.16.2 FINANCIALS
8.16.3 PRODUCTS & SERVICES
8.16.4 STRATEGY
8.16.5 DEVELOPMENTS
APPENDIX
U.S. PATENTS
EUROPE PATENTS
JAPAN PATENTS
LIST OF TABLES
TABLE 1 CARBON FIBER MARKET REVENUE, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 2 COMPARISON OF CARBON FIBER PROPERTIES WITH TRADITIONAL METALS
TABLE 3 COLLABORATIONS FOR MASS PRODUCTION
TABLE 4 MANUFACTURING COST COMPARISON: CARBON FIBER VS STEEL, 2010
TABLE 5 RECENT DEVELOPMENTS FOR MASS PRODUCTION
TABLE 6 MAJOR PLAYERS IN GLOBAL CARBON FIBER MARKET, 2010
TABLE 7 COST STRUCTURE WITH CURRENT TECHNOLOGY, 2010
TABLE 8 RECENT DEVELOPMENTS IN MASS PRODUCTION TECHNOLOGIES
TABLE 9 CARBON FIBER INDUSTRY VALUE CHAIN
TABLE 10 COST BREAK-UP, BY MANUFACTURING STEP
TABLE 11 COST REDUCTION STRATEGY 1: INCREASING SCALE OF OPERATIONS
TABLE 12 SUMMARY: COST ANALYSIS
TABLE 13 R&D AND INVESTMENT ACTIVITIES

7. TABLE 14 GLOBAL CARBON FIBER MARKET, BY RAW MATERIAL TYPES, 2009 – 2016
($MILLION)
TABLE 15 GLOBAL CARBON FIBER MARKET, BY RAW MATERIAL TYPES, 2009 – 2016
(THOUSAND TONS)
TABLE 16 PAN-BASED SMALL-TOW CARBON FIBER NAMEPLATE CAPACITY, BY
MANUFACTURER (METRIC TONS)
TABLE 17 PAN-BASED LARGE-TOW CARBON FIBER NAMEPLATE CAPACITY, BY
MANUFACTURER (METRIC TONS)
TABLE 18 PAN-BASED CARBON FIBER MARKET, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 19 PAN-BASED CARBON FIBER MARKET, BY GEOGRAPHY, 2009 – 2016 (THOUSAND
TONS)
TABLE 20 PITCH-BASED CARBON FIBER MARKET, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 21 PITCH-BASED CARBON FIBER MARKET, BY GEOGRAPHY, 2009 – 2016
(THOUSAND TONS)
TABLE 22 CHARACTERISTICS & APPLICATIONS OF CARBON FIBER
TABLE 23 GLOBAL CARBON FIBER MARKET SHARE, BY APPLICATIONS, 2009 – 2016
($MILLION)
TABLE 24 GLOBAL CARBON FIBER MARKET SHARE, BY APPLICATIONS, 2009 – 2016
(THOUSAND TONS)
TABLE 25 CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY
GEOGRAPHY,2009 – 2016 ($MILLION)
TABLE 26 CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY GEOGRAPHY,
2009 – 2016 (THOUSAND TONS)
TABLE 27 NORTH AMERICA: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION,
BY COUNTRY,2009 – 2016 ($MILLION)
TABLE 28 NORTH AMERICA: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION,
BY COUNTRY, 2009 – 2016 (THOUSAND TONS)
TABLE 29 EUROPE: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY
COUNTRY, 2009 – 2016 ($MILLION)
TABLE 30 EUROPE: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY
COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 31 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY
COUNTRY, 2009 – 2016 ($MILLION)
TABLE 32 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN AEROSPACE APPLICATION, BY
COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 33 CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION, BY
GEOGRAPHY,2009 – 2016 ($MILLION)
TABLE 34 CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION, BY
GEOGRAPHY,2009 – 2016 (THOUSAND TONS)
TABLE 35 NORTH AMERICA: CARBON FIBER MARKET SHARE IN WIND ENERGY
APPLICATION, BY COUNTRY, 2009 – 2016 ($MILLION)
TABLE 36 NORTH AMERICA: CARBON FIBER MARKET SHARE IN WIND ENERGY
APPLICATION, BY COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 37 EUROPE: CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION, BY
COUNTRY,2009 – 2016 ($MILLION)
TABLE 38 EUROPE: CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION, BY
COUNTRY, 2009 – 2016 (THOUSAND TONS)
TABLE 39 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION,
BY COUNTRY, 2009 – 2016 ($MILLION)

8. TABLE 40 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN WIND ENERGY APPLICATION,
BY COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 41 CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION, BY
GEOGRAPHY,2009 – 2016 ($MILLION)
TABLE 42 CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION, BY
GEOGRAPHY,2009 – 2016 (THOUSAND TONS)
TABLE 43 NORTH AMERICA: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION,
BY COUNTRY, 2009 – 2016 ($MILLION)
TABLE 44 NORTH AMERICA: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION,
BY COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 45 EUROPE: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION, BY
COUNTRY, 2009 – 2016 ($MILLION)
TABLE 46 EUROPE: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION,BY
COUNTRY, 2009 – 2016 (THOUSAND TONS)
TABLE 47 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION,
BY COUNTRY,2009 – 2016 ($MILLION)
TABLE 48 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN AUTOMOTIVE APPLICATION,
BY COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 49 CARBON FIBER MARKET SHARE IN SPORTING GOODS APPLICATION, BY
GEOGRAPHY,2009 – 2016 ($MILLION)
TABLE 50 CARBON FIBER MARKET SHARE IN SPORTING GOODS APPLICATION, BY
GEOGRAPHY,2009 – 2016 (THOUSAND TONS)
TABLE 51 NORTH AMERICA: CARBON FIBER MARKET SHARE IN SPORTING GOODS
APPLICATION, BY COUNTRY,2009 – 2016 ($MILLION)
TABLE 52 NORTH AMERICA: CARBON FIBER MARKET SHARE IN SPORTING GOODS
APPLICATION, BY COUNTRY,2009 – 2016 (THOUSAND TONS)
TABLE 53 EUROPE: CARBON FIBER MARKET SHARE IN SPORTING GOODS APPLICATION, BY
COUNTRY, 2009 – 2016 ($MILLION)
TABLE 54 EUROPE: CARBON FIBER MARKET SHARE IN SPORTING GOODS APPLICATION, BY
COUNTRY, 2009 – 2016 (THOUSAND TONS)
TABLE 55 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN SPORTING GOODS
APPLICATION, BY COUNTRY,2009 – 2016 ($MILLION)
TABLE 56 ASIA-PACIFIC: CARBON FIBER MARKET SHARE IN SPORTING GOODS
APPLICATION, BY COUNTRY, 2009 – 2016 (THOUSAND TONS)
TABLE 57 CARBON FIBER MARKET SHARE, BY GEOGRAPHY, 2009 – 2016 ($MILLION)
TABLE 58 CARBON FIBER MARKET SHARE, BY GEOGRAPHY, 2009 – 2016 (THOUSAND
TONS)
TABLE 59 NORTH AMERICA: CARBON FIBER MARKET, BY COUNTRY, 2009 – 2016
($MILLION)
TABLE 60 NORTH AMERICA: CARBON FIBER MARKET, BY COUNTRY, 2009 – 2016
(THOUSAND TONS)
TABLE 61 EUROPE: CARBON FIBER MARKET, BY COUNTRY, 2009 – 2016 ($MILLION)
TABLE 62 EUROPE: CARBON FIBER MARKET, BY COUNTRY, 2009 – 2016 (THOUSAND
TONS)
TABLE 63 ASIA-PACIFIC: CARBON FIBER MARKET, BY COUNTRY ($MILLION)
TABLE 64 ASIA-PACIFIC: CARBON FIBER MARKET, BY COUNTRY, 2009 – 2016 (THOUSAND
TONS)
TABLE 65 GLOBAL PLAYERS WITH MAJOR PRODUCTION PLANT FACILITYFOR CARBON FIBER
PRODUCTS, 2010

9. TABLE 66 MERGERS & ACQUISITIONS, 2008 – 2010
TABLE 67 AGREEMENTS & COLLABORATIONS, 2008 – 2011
TABLE 68 NEW PRODUCT LAUNCHES, 2008 – 2011
TABLE 69 GEOGRAPHICAL EXPANSION, NEW FACILITY & INVESTMENTS, 2008 – 2011
TABLE 70 OTHER GOVERNMENT GRANTS, 2009 – 2011
TABLE 71 CYTEC INDUSTRIES: MARKET REVENUE, BY GEOGRAPHY, 2009 – 2010
($MILLION)
TABLE 72 HEXCEL CORP: MARKET REVENUE, BY COUNTRY, 2009 – 2010 ($MILLION)
TABLE 73 SGL CARBON GROUP: MARKET REVENUE, BY GEOGRAPHY, 2009-2010
($MILLION)
TABLE 74 TEIJIN LTD: MARKET REVENUE, BY GEOGRAPHY, 2009 – 2010 ($MILLION)
TABLE 75 TORAY INDUSTRIES: MARKET REVENUE, BY GEOGRAPHY,2010 ($MILLION)
TABLE 76 ZOLTEK CORP: MARKET REVENUE, BY GEOGRAPHY, 2009 – 2010 ($MILLION)
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