Carbon Fiber for the RTM Market Trends and Forecast
The future of carbon fiber for the global RTM market looks promising with opportunities in wind blade and bicycle frame markets. Carbon fiber for the global RTM market is expected to grow with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing focus on emission reduction in transportation, growing emphasis on fuel efficiency, and rising demand for lightweight materials in automotive & aerospace industries.
• Lucintel forecasts that PAN based is expected to witness the higher growth over the forecast period.
• Within this market, wind blade is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of Carbon Fiber for the RTM Market
• United States: Leading carbon fiber manufacturers like Hexcel Corporation and Toray Industries are investing in research and development for resin transfer molding (RTM) applications to meet growing demand from aerospace and automotive sectors. Government initiatives focus on promoting lightweight materials to reduce emissions in transportation.
• Germany: Companies like SGL Carbon and BMW are collaborating to enhance RTM processes for automotive parts, aiming for lighter and more fuel-efficient vehicles. Government targets for carbon neutrality by 2045 drive investments in sustainable materials and manufacturing technologies.
• Japan: Mitsubishi Chemical Corporation is expanding its production capacity for carbon fiber composites used in RTM, aligning with the government's goal of reducing carbon emissions by 46% by 2030. Strategic partnerships with automakers like Toyota aim to accelerate adoption of carbon fiber in mass-produced vehicles.
• China: Companies such as Zhongfu Shenying Carbon Fiber and AVIC SAC Commercial Aircraft Composite Co., Ltd. are ramping up production of carbon fiber for RTM applications, supported by government incentives to promote lightweight materials in aerospace and automotive industries. National targets aim for peak carbon emissions by 2030 and carbon neutrality by 2060.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Carbon Fiber for the RTM Market by Segment
The study includes a forecast of global carbon fiber for RTM market by product type, tow size, modulus, application, and region.
Carbon Fiber for the RTM Market by Product Type [Value from 2018 to 2030]:
• PAN Based
• Pitch Based
Carbon Fiber for the RTM Market by Tow Size [Value from 2018 to 2030]:
• Small Tow (<=24k)
• Large Tow (>24k)
Carbon Fiber for the RTM Market by Modulus [Value from 2018 to 2030]:
• Standard Modulus
• Intermediate Modulus
• High Modulus
Carbon Fiber for the RTM Market by Application [Value from 2018 to 2030]:
• Wind Blade
• Bicycle Frame
• Others
Carbon Fiber for the RTM Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Carbon Fiber Companies for the RTM Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon fiber companies for the RTM market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of carbon fiber companies for the RTM market are profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in Carbon Fiber for the RTM Market
• Hexcel Corporation: Introduces Advanced RTM Solutions - Hexcel Corporation, a key player in carbon fiber manufacturing, has unveiled advanced resin transfer molding (RTM) solutions catering to the aerospace and automotive industries. Their new product line promises enhanced mechanical properties and reduced processing times, meeting the demand for lightweight yet durable materials in high-performance applications.
• Toray Industries: Expands RTM Production Capacity - Toray Industries has announced a significant expansion of its production capacity for carbon fiber composites used in RTM processes. With this initiative, the company aims to meet the growing global demand for RTM materials, particularly in the automotive sector, where lightweighting is essential for improving fuel efficiency and reducing emissions.
• SGL Carbon: Collaborates with Automotive Giants - SGL Carbon has entered into strategic collaborations with major automotive manufacturers to develop innovative RTM solutions for next-generation vehicles. By leveraging their expertise in carbon fiber technology, SGL aims to co-create lightweight components that enhance performance and sustainability across the automotive value chain.
• Mitsubishi Chemical Corporation: Invests in RTM Research & Development - Mitsubishi Chemical Corporation is intensifying its efforts in research and development focused on RTM applications. With a focus on improving process efficiency and material performance, the company aims to drive innovation in carbon fiber composites, catering to diverse industries ranging from aerospace to renewable energy.
• BMW: Implements RTM in Mass Production - BMW has successfully integrated RTM technology into mass production processes for automotive components. This milestone signifies a significant advancement in the adoption of carbon fiber composites in mainstream automotive manufacturing, positioning BMW as a frontrunner in the race towards lightweight and sustainable mobility solutions.
Features of Carbon Fiber for the Global RTM Market
Market Size Estimates: Carbon fiber for RTM market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Carbon fiber for RTM market size by various segments, such as by product type, tow size, modulus, application, and region in terms of value ($B).
Regional Analysis: Carbon fiber for RTM market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, tow sizes, modulus, applications, and regions of carbon fiber for the RTM market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of carbon fiber for the RTM market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for carbon fiber for the RTM market?
Answer: Carbon fiber for the global RTM market is expected to grow with a CAGR of 7.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of carbon fiber for the RTM market?
Answer: The major drivers for this market are increasing focus on emission reduction in transportation, growing emphasis on fuel efficiency, and rising demand for lightweight materials in automotive & aerospace industries.
Q3. What are the major segments of carbon fiber for the RTM market?
Answer: The future of carbon fiber for the RTM market looks promising with opportunities in wind blade and bicycle frame markets.
Q4. Who are the key carbon fiber companies for the RTM market?
Answer: Some of the key carbon fiber companies for the RTM market are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which carbon fiber for the RTM market segment will be the largest in future?
Answer: Lucintel forecasts that PAN based is expected to witness the higher growth over the forecast period.
Q6. In carbon fiber for the RTM market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities in carbon fiber for the RTM market by product type (PAN based and pitch based), tow size (small tow (<=24k) and large tow (>24k)), modulus (standard modulus, intermediate modulus, and high modulus), application (wind blade, bicycle frame, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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