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Over the years, the level of demand for carbon fiber and carbon fiber reinforced composites has steadily increased in striking parallel with the number of aerospace and industrial applications using prepreg. From aerospace to sporting goods to wind energy, carbon fiber is rapidly gaining acceptance as an alternative material to metals, wood, and plastics, and is becoming more widely recognized for its high-performance characteristics.
 
The suppliers have grown organic and inorganic in the last five years. The suppliers have also made acquisition, partnerships, and agreements with various players around the world. In 2014, Toray Industries Inc. acquired the Zoltek and has become a wholly-owned subsidiary of Toray. In 2015, Solvay has acquired the Cytec Industries Inc. In 2019, Hyosung Corp. and Saudi Aramco have also signed a memorandum of understanding (MOU) for building of a joint carbon fiber plant in Saudi Arabia and South Korea. This report has examined and profiled the world’s leading carbon fiber producers. Lucintel created profiles of each competitor based on the following criteria:
 
A total of 100 figures / charts and 19 tables are provided in this 221-page report to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure. 

 
carbon fiber

 
carbon fiber


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Lucintel built profiles of each competitor based on the following criteria:
Company overview
  • Company Description and Business Segments
  • Corporation Statistics
Carbon Fiber business overview
  • UPR Business Segments
  • Key Differentiators and Strengths 
Products and product positioning
  • Product Line Overview 
  • Carbon Fiber Product Map
  • Product Positioning in Market Segments
Markets and market positioning 
  • Market Positioning in the Global UPR business
  • Volume Breakdown by Market Segments
  • Volume Breakdown by Region 
Production/ Geographic Footprint
 
Innovation and market leadership
 
Marketing, sales and organizational capabilities
  • Marketing and Sales
  • Management Commitment and Track Record
 
Strategic Initiatives
  • Financial Strength
The resulting research report represents the most comprehensive strategic and tactical assessment of the carbon fiber producers and competitive landscape available. In terms of the total revenue generated by leading carbon fiber producers, Toray ranks number one, followed by Teijin. Mitsubishi Rayon Corporation, Hexcel, SGL, Cytec Solvay, Formosa Plastics Corp, Dow Aksa and Zhongfu Shenying all of which are included in the report. 
 
The detailed analysis of each company offers a critical view into key strategic areas, including:  
1.Carbon fiber producer target markets
2.Key differentiators, strengths, competitors, and other insights 
 
Designed for the composites and non-composites industry professionals, financial services firms, and users of carbon fiber, Lucintel's “Worldwide Carbon Fiber Competitive Analysis and Leadership Study 2018” is the industry’s comprehensive examination of the carbon fiber producers’ competitive landscape. 
 
Lucintel provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, Lucintel has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’ which identifies leaders and challengers in the carbon fiber market and rates each carbon fiber producer on two primary criteria as shown below:
 
1. Alignment with market opportunity 
2. Ability to gain market share 
 
Ability to gain market share was analyzed using following parameters:
  • Product portfolio 
  • Financial strength 
  • Asset position
  • Execution skill
  • Customer experience 
Alignment with market opportunity was analyzed using following parameters:
  • Target growth markets 
  • New product development 
  • Corporate and functional strategy
  • Presence within the industry 
 In addition to the Lucintel Leadership Quadrant, this comprehensive research report also offers for consumers of  carbon fiber  as well as the investment community content-rich comparative analyses detailing which producers have the production capacity, service capabilities and vision to deliver fully on its promises.
 
Table of Contents
 
 
1. LEADERSHIP ANALYSIS
1.1: Market Description
1.2: Scoring Criteria
1.1.1: Leaders (Top Right)
1.1.2: Challengers (Bottom Right)
1.1.3: Visionaries (Top Left)
1.1.4: Niche Players (Lower Left)
 
2. COMPETITIVE BENCHMARKING
2.1: Product Portfolio Analysis
2.2: Financial Strength
2.3: Carbon Fiber Trend and Forecast Analysis
2.4: Market Share Analysis
2.4.1:Market Share in Various Segments
2.4.2: Market Share in Various Regions
 
3. TORAY INDUSTRIES INC.
3.1: Company Overview
3.2: Carbon Fiber Business Overview
3.2.1: Carbon Fiber Overview
3.2.2: Product Portfolio
3.2.3: Key Differentiators and Strengths
3.2.4: Key Competitors
3.3: Products and Product Positioning
3.3.1: Product Line Overview
3.3.2: Carbon Fiber Product Map
3.3.3: Product Positioning in Market Segments
3.4: Markets and Market Positioning
3.4.1: Market Position in the Global Carbon Fiber Business
3.4.2: Revenue Breakdown by Market Segment
3.4.3: Revenue Breakdown by Region
3.5: Production/ Geographic Footprint
3.6: Innovation and Market Leadership
3.7: Marketing, Sales and Organizational Capabilities
3.7.1: Marketing and Sales
3.7.2: Management Commitment and Track Record
3.8: Strategic Initiatives
3.9: Financial Strength
 
4. TEIJIN LIMITED
4.1: Company Overview
4.2: Carbon Fiber Business Overview
4.2.1: Carbon Fiber Overview
4.2.2: Product Portfolio
4.2.3: Key Differentiators and Strengths
4.2.4: Key Competitors
4.3: Products and Product Positioning
4.3.1: Product Line Overview
4.3.2: Carbon Fiber Product Map
4.3.3: Product Positioning in Market Segments
4.4: Markets and Market Positioning
4.4.1: Market Position in the Global Carbon Fiber Business
4.4.2: Revenue Breakdown by Market Segment
4.4.3: Revenue Breakdown by Region
4.5: Production/ Geographic Footprint
4.6: Marketing and Sales
4.7: Innovation and Market Leadership
4.8: Strategic Initiatives
4.9: Financial Strength
 
5. MITSUBISHI RAYON CORPORATION LIMITED PROFILE
5.1: Company Overview
5.2: Carbon Fiber Business Overview
5.2.1: Carbon Fiber Overview
5.2.2: Product Portfolio
5.2.3: Key Differentiators and Strengths
5.2.4: Key Competitors
5.3: Products and Product Positioning
5.3.1: Product Line Overview
5.3.2: Carbon Fiber Product Map
5.3.3: Product Positioning in Market Segment
5.4: Markets and Market Positioning
5.4.1: Market Position in the Global Carbon Fiber Business
5.4.2: Revenue Breakdown by Market Segment
5.4.3: Revenue Breakdown by Region
5.5: Production/ Geographic Footprint
5.6: Innovation and Market Leadership
5.7: Marketing and Sales
5.8: Strategic Initiatives
5.9: Financial Strength
 
6. HEXCEL PROFILE
6.1: Company Overview
6.2: Carbon Fiber Business Overview
6.2.1: Carbon Fiber Overview
6.2.2: Product Portfolio
6.2.3: Key Differentiators and Strengths
6.2.4: Key Competitors
6.3: Products and Product Positioning
6.3.1: Product Line Overview
6.3.2: Carbon Fiber Product Mapping
6.3.3: Product Positioning in Market Segments
6.4: Markets and Market Positioning
6.4.1: Market Position in the Global Carbon Fiber Business
6.4.2: Revenue Breakdown by Market Segment
6.4.3: Revenue Breakdown by Region
6.5: Production / Geographic footprint
6.6: Innovation and Market Leadership
6.7: Marketing and Sales
6.8: Strategic Initiatives
6.9: Financial Strength
 
7. SGL CARBON GROUP
7.1: Company Overview
7.2: Carbon Fiber Business Overview
7.2.1:Carbon Fiber Overview
7.2.2: Product Portfolio
7.2.3: Key Differentiators and Strengths
7.2.4: Key Competitors
7.3: Products and Product Positioning
7.3.1: Product Line Overview
7.3.2: Carbon Fiber Product Mapping
7.3.3: Product Positioning in Market Segments
7.4: Markets and Market Positioning
7.4.1: Market Position in the Global Carbon Fiber Business
7.4.2: Revenue Breakdown by Market Segment
7.2.3: Revenue Breakdown by Region
7.5: Production/ Geographic Footprint
7.6: Innovation and Market Leadership
7.7: Marketing and Sales
7.8: Strategic Initiatives
7.9: Financial Strength
 
8. CYTEC SOLVAY PROFILE
8.1: Company Overview
8.2: Carbon Fiber Business Overview
8.2.1: Carbon Fiber Overview
8.2.2: Product Portfolio
8.2.3: Key Differentiators and Strengths
8.2.4:Key Competitors
8.3: Products and Product Positioning
8.3.1: Product Line Overview
8.3.2: Carbon Fiber Product Map
8.3.3: Product Positioning in Market Segments
8.4: Markets and Market Positioning
8.4.1: Market Position in the Global Carbon Fiber Business
8.4.2: Revenue Breakdown by Market Segment
8.4.3: Revenue Breakdown by Region
8.5: Production / Geographic footprint
8.6: Innovation and Market Leadership
8.7: Marketing and Sales
8.8: Strategic Initiatives
8.9: Financial Strength
 
9. DOW AKSA
9.1: Company Overview
9.2: Carbon Fiber Business Overview
9.2.1: Carbon Fiber Overview
9.2.2: Product Portfolio
9.2.3: Key Differentiators and Strengths
9.2.4: Key Competitors
9.3: Products and Product Positioning
9.3.1: Product Line Overview
9.3.2: Product Positioning in Market Segments
9.4: Markets and Market Positioning
9.4.1: Market Position in the Global Carbon Fiber Business
9.4.2: Revenue Breakdown by Market Segment
9.4.3: Revenue Breakdown by Region
9.5: Production / Geographic footprint
9.6: Strategic Initiatives
 
10. FORMOSA PLASTICS CORPORATION
10.1: Company Overview
10.2: Carbon Fiber Business Overview
10.1.1: Carbon Fiber Overview
10.1.2: Product Portfolio
10.1.3: Key Competitors
10.2: Products and Product Positioning
10.2.1: Product Line Overview
10.2.2: Product Positioning in Market Segments
10.3: Markets and Market Positioning
10.3.1: Market Position in the Global Carbon Fiber Business
10.3.2: Revenue Breakdown by Market Segment
10.3.3: Revenue Breakdown by Region
10.3: Production / Geographic footprint
10.5: Strategic Initiatives
10.6: Financial Strength
 
11. ZHONGFU SHENYING CARBON FIBER CO., LTD.
11.1: Company Overview
11.2: Carbon Fiber Business Overview
11.2.1: Carbon Fiber Overview
11.2.2: Product Portfolio
11.2.3: Key Differentiators and Strength
11.2.4: Key Competitors
11.2: Products and Product Positioning
11.2.1: Product Line Overview
11.2.2: Product Positioning in Market Segments
11.3: Markets and Market Positioning
11.3.1: Market Position in the Global Carbon Fiber Business
11.3.2: Revenue Breakdown by Market Segment
11.3.3: Revenue Breakdown by Region
11.4: Production / Geographic footprint
11.5: Strategic Initiatives
 
12. CONCLUSION
 
 
 
List of Figures
 
Chapter 1: Leadership Analysis
Figure 1:1: Evolution in Carbon Fiber Applications
Figure 1:2: Manufacturing Process Schematic for PAN-Based Carbon Fibers
Figure 1:3: Manufacturing Process Schematic for Pitch-Based Carbon Fibers
Figure 1:4: Manufacturing Process Schematic for Rayon-Based Carbon Fibers
Figure 1:5:  Relative Positions of Each Carbon Fiber Manufacturer in Four Quadrants
 
Chapter 2: Competitive Benchmarking 
Figure 2:1: Industry-Wide Carbon Fiber Product Map
Figure 2:2: Industry-wide Carbon Fiber Product Map based on Precursor, Tow Size and Modulus wise
Figure 2:3: Industry-Wide Carbon Fiber Product Map based on Market Segments
Figure 2:4: Carbon Fiber Leaders 5 Year Revenue Growth
Figure 2:5: Operating Profits of Major Carbon Fiber Suppliers
Figure 2:6: Carbon Fiber Manufacturers Market Share in 201
Figure 2:7: Market Share Analysis of Carbon Fiber Suppliers in Industrial Segment in 2018
Figure 2:8: Market Share Analysis of Carbon Fiber Suppliers in Aerospace Segment in 2018
Figure 2:9: Market Share Analysis of Carbon Fiber Suppliers in Sporting Goods Segment in 2018
Figure 2:10: Market Share Analysis of Carbon Fiber Suppliers in North America in 2018
Figure 2:11: Market Share Analysis of Carbon Fiber Suppliers in Europe in 2018
Figure 2:12: Market Share Analysis of Carbon Fiber Suppliers in APAC and ROW in 2018
Figure 2:13: Carbon Fiber Leaders Market Coverage
 
Chapter 3: Toray Industries Inc.
Figure 3:1: Toray’s Various Forms of Carbon Fibers and Composite Materials
Figure 3:2: Toray’s Carbon Fiber Product Line by Precursor, Tow Size and End Use Industry
Figure 3:3: Toray’s Carbon Fiber Product Map
Figure 3:4: Toray’s Carbon Fiber Product Line by End Use Industry
Figure 3:5: Revenue Breakdown of Toray’s Carbon Fiber Market by Segment in 2018
Figure 3:6: Market Share of Toray’s Carbon Fiber by Market Segment in 2018
Figure 3:7: Revenue Breakdown of Toray’s Carbon Fiber Market by Region in 2018
Figure 3:8: Market Share of Toray’s Carbon Fiber by Region in 2018
Figure 3:9: Major Plant Locations of Toray’s Carbon Fiber Business
Figure 3:10: Revenue, Operating Income, and Gross Profit for Toray Industries Inc.
 
Chapter 4: Teijin Limited
Figure 4:1: Teijin’s Various Product Forms for Carbon Fiber
Figure 4:2: Teijin’s Carbon Fiber Product Line by Precursor, Tow Size and Modulus
Figure 4:3: Teijin’s Carbon Fiber Product Map
Figure 4:4: Teijin Carbon Fiber Product Line by Market Segments
Figure 4:5: Revenue Breakdown of Teijin’s Carbon Fiber Market by Segment in 2018
Figure 4:6: Market Share of Teijin’s Carbon Fiber by Market Segment in 2018
Figure 4:7: Revenue Breakdown of Teijin’s Carbon Fiber Market by Region in 2018
Figure 4:8: Market Share of Teijin’s Carbon Fiber by Region in 2018
Figure 4:9: Major Plant Locations of Teijin Limited’s Carbon Fiber Business
Figure 4:10: Teijin’s Global Coverage
Figure 4:11: Revenue, Operating Income, and Gross Profit for Teijin Limited
 
Chapter 5: Mitsubishi Rayon Corporation Limited Profile
Figure 5:1: MRC’s Carbon Fibers, Composite Materials, and Products (Source: MRC)
Figure 5:2: MRC Carbon Fiber Product Line by Precursor, Tow Size and Modulus
Figure 5:3: Mitsuibishi Rayon Corporation Carbon Fiber Product Line by Market Segment
Figure 5:4: Revenue Breakdown of MRC’s Carbon Fiber Market by Segment in 2018
Figure 5:5: Market Share of MRC’s Carbon Fiber by Market Segment in 2018
Figure 5:6: Revenue Breakdown of MRC’s Carbon Fiber Market by Region in 2018
Figure 5:7: Market Share of MRC’s Carbon Fiber by Region in 2018
Figure 5:8: Major Plant Locations of Mitsubishi Rayon Corporation Limited’s Carbon Fiber Business
Figure 5:9:  Revenue, Operating Income, and Gross Profit for Mitsubishi Rayon Corporation
 
Chapter 6: Hexcel Profile
Figure 6:1: Various Forms of Carbon Fibers and Composite Materials
Figure 6:2: Carbon Fibers and Industry Applications
Figure 6:3: Hexcel Carbon Fiber Product Line by Precursor, Tow Size and End Use Industry
Figure 6:4: Hexcel’s Carbon Fiber Product Map
Figure 6:5: Hexcel’s Carbon Fiber Product Line by End Use Industry
Figure 6:6: Revenue Breakdown of Hexcel Carbon Fiber Market by Segment in 2018
Figure 6:7: Market Share of Hexcel’s Carbon Fiber by Market Segment in 2018
Figure 6:8: Revenue Breakdown of Hexcel’s Carbon Fiber Market by Region in 2018
Figure 6:9: Market Share of Hexcel’s Carbon Fiber by Region in 2018
Figure 6:10: Major Plant Locations of Hexcel Carbon Fiber Business
Figure 6:11:  Revenue, Operating Income, and Gross Profit for Hexcel
 
Chapter 7: SGL Carbon Group
Figure 7:1: SGL’s Various Forms and Uses of Carbon Fibers
Figure 7:2: SGL’s Carbon Fiber Product Line by Precursor, Tow Size and End Use Industry
Figure 7:3: SGL’s Carbon Fiber Product Line by End Use Industry
Figure 7:4: Revenue Breakdown of SGl’s Carbon Fiber Market by Segment in 2018
Figure 7:5: Market Share of SGL’s Carbon Fiber by Market Segment in 2018
Figure 7:6: Revenue Breakdown of SGL’s Carbon Fiber Market by Region in 2018
Figure 7:7: Market Share of SGL’s Carbon Fiber by Region in 2018
Figure 7:8: Major Plant Locations of SGL Carbon Group’s Carbon Fiber Business
Figure 7:9:  Revenue, Operating Income, and Gross Profit for SGL Carbon Group
 
Chapter 8: Cytec Solvay Profile
Figure 8:1: Carbon Fibers and Industry Applications
Figure 8:2: Cytec Solvay Carbon Fiber Product Line by Precursor, Tow Size and Modulus
Figure 8:3: Cytec’s Carbon Fiber Product Map
Figure 8:4: Cytec Solvay Carbon Fiber Product Line by Market Segment
Figure 8:5: Revenue Breakdown of Cytec Solvay Carbon Fiber Market by Segment in 2018
Figure 8:6: Market Share of Cytec Solvay's Carbon Fiber by Market Segment in 2018
Figure 8:7: Revenue Breakdown of Cytec Solvay’s Carbon Fiber Market by Region in 2018
Figure 8:8: Market Share of Cytec Solvay's Carbon Fiber by Region in 2018
Figure 8:9: Cytec Solvay’s Carbon Fiber Manufacturing Locations
Figure 8:10:  Revenue, Operating Income, and Gross Profit for Cytec Solvay Group
 
Chapter 9: Dow Aksa
Figure 9:1: Dow Aksa’s Carbon Fiber Product Line by Precursor, Tow Size and Modulus
Figure 9:2: Dow Aksa’s Carbon Fiber Product Line by Market Segment
Figure 9:3: Revenue Breakdown of Dow Aksa’s Carbon Fiber Market by Segment in 2018
Figure 9:4: Market Share of Dow Aksa’s Carbon Fiber by Market Segment in 2018
Figure 9:5: Revenue Breakdown of Dow Aksa’s Carbon Fiber Market by Region in 2018
Figure 9:6: Market Share of Dow Aksa’s Carbon Fiber by Region in 2018
Figure 9:7: Dow Aksa’s Carbon Fiber Manufacturing Locations
 
Chapter 10: Formosa Plastic Corporation
Figure 10:1: Formosa Plastics Corporation Carbon Fiber Product Line by Precursor, Tow Size and Modulus
Figure 10:2: Formosa Plastics Corporation Carbon Fiber Product Line by Market Segment
Figure 10:3: Revenue Breakdown of Formosa Plastics Carbon Fiber Market by Segment in 2018
Figure 10:4: Market Share of Formosa Plastics Carbon Fiber by Market Segment in 2018
Figure 10:5: Revenue Breakdown of Formosa Plastics Carbon Fiber Market by Region in 2018
Figure 10:6: Market Share of Formosa Plastics Carbon Fiber by Region in 2018
Figure 10:7: Formosa Plastics Corporation’s Carbon Fiber Manufacturing Locations
Figure 10:8:  Revenue, Operating Income, and Gross Profit for Formosa Plastics Corporation
 
Chapter 11: Zhongfu Shenying Carbon Fiber Co. Ltd.
Figure 11:1: Zhongfu Shenying Carbon Fiber Co Ltd Product Line by Precursor, Tow Size and Modulus
Figure 11:2: Zhongfu Shenying Carbon Fiber Co Ltd Product Line by Market Segment
Figure 11:3: Revenue Breakdown of Zhongfu Shenying’s Carbon Fiber Market by Segment in 2018
Figure 11:4: Market Share of Zhongfu Shenying’s Carbon Fiber by Market Segment in 2018
Figure 11:5: Revenue Breakdown of Zhongfu Shenying’s Carbon Fiber Market by Region in 2018
Figure 11:6: Market Share of Zhongfu Shenying’s Carbon Fiber by Region in 2018
Figure 11:7: Zhongfu Shenying’s Carbon Fiber Manufacturing Locations
 
List of Tables
 
Chapter 1: Leadership Analysis 
Table 1:1:  Evolution of Carbon Fiber Applications in Different Segments by Year
Table 1:2: Comparison of Applications of Carbon Fiber Material by Suppliers
Table 1:3: Major Parameters for Lucintel’s Leadership Quadrant Analysis
 
Chapter 2: Competitive Benchmarking 
Table 2:1: Ranking of Carbon Fiber Suppliers based on Parent Company Revenue in 2018
Table 2:2: Rankings of Suppliers Based on Carbon Fiber Revenue
Table 2:3: Ranking of Leaders in Industrial, Aerospace and Sporting Goods Market
Table 2:4: Ranking of leaders in North America, Europe and Asia.
Table 2:5: Carbon Fiber leaders Manufacturing Facilities
 
Chapter 3: Toray Industries Inc.
Table 3:1:  Toray’s Products by Category
Table 3:2:  Toray’s Revenues, Operating Income and Gross Profit (Amounts in US $Million)
 
Chapter 4: Teijin Limited
Table 4:1:  Teijin’s Revenues, Gross Profit and Operating Income Trends
 
Chapter 5: Mitsubishi Rayon Corporation Limited Profile
Table 5:1:  MRC Revenues, Gross Profit and Operating Income Trends
 
Chapter 6: Hexcel Profile
Table 6:1: Hexcel Magnamite® Products by Category
Table 6:2:  Hexcel Revenues, Gross Profit and Operating Income Trends
 
Chapter 7: SGL Carbon Group
Table 7:1:  SGL Revenues, Gross Profit and Operating Income Trends
 
Chapter 8: Cytec Solvay Profile
Table 8:1: Cytec Products by Category
Table 8:2:  Cytec Solvay’s Revenues, Gross Profit and Operating Income Trends
 
Chapter 9: Dow Aksa 
Table 10:1:  Formosa Plastics Corporation’s Revenues, Gross Profit and Operating Income Trends (Amounts in US $ Million)
 
 
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100 figures/charts and 19 tables are provided in this roughly 221- page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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