Carbon Fiber Solvent Market
Carbon Fiber Solvent Market Forecasts to 2030 - Global Analysis By Product Type (Acetone-Based Solvents, Methanol-Based Solvents, N-Methyl-2-pyrrolidone (NMP), Dimethylformamide (DMF), Dimethylacetamide (DMAc) and Other Product Types), Solvent Type, Raw Material, Application, End User and By Geography
According to Stratistics MRC, the Global Carbon Fiber Solvent Market is accounted for $8.1 billion in 2024 and is expected to reach $18.4 billion by 2030 growing at a CAGR of 14.6% during the forecast period. Carbon fiber solvent is a specialized chemical used for cleaning, preparing, or treating carbon fiber surfaces. It is formulated to dissolve contaminants like oils, greases, and residues without compromising the structural integrity or surface finish of carbon fiber materials. They ensure optimal adhesion and performance of coatings, adhesives, or paints applied to carbon fiber surfaces, enhancing durability and functionality.
According to the Stockholm International Peace Research Institute (SIPRI), India's military spending of USD 76.6 billion ranked third highest in the world. This was up by 0.9% from 2020. In a push to strengthen the indigenous arms industry, 64% of capital outlays in the military budget of 2021 were earmarked for acquisitions of domestically produced arms.
Market Dynamics:
Driver:
Growing demand for carbon fiber composites
The market is experiencing growing demand for carbon fiber composites due to their lightweight, high strength, and corrosion resistance properties. These composites are extensively used in aerospace, automotive, and sports industries for manufacturing parts such as fuselages, body panels, and bicycle frames. Key are innovating to meet rising demands, focusing on enhancing composite performance and reducing production costs to cater to diverse industrial requirements.
Restraint:
Stringent regulations on solvent use
Stringent regulations on solvent use pose significant challenges for the market. Environmental concerns drive regulations limiting volatile organic compounds emissions and hazardous solvent usage. Compliance necessitates costly adaptations in production processes, impacting profitability and innovation. Adhering to regulations requires continuous adaptation, influencing market dynamics and prompting industry players to focus on sustainable practices and eco-friendly solutions in carbon fiber production.
Opportunity:
Rising demand for lightweight materials in transportation
Growing consumer demands for lightweight materials in transportation are driving up demand for the product. Carbon fiber's high strength-to-weight ratio makes it ideal for automotive and aerospace applications, enhancing fuel efficiency and performance. Industries are adopting these materials to reduce vehicle weight, improve energy efficiency, and lower emissions, aligning with global sustainability goals. This trend underscores a shift towards advanced composite materials in manufacturing, driving innovation and market growth.
Threat:
Solvent volatility and worker safety
Solvent volatility in the market presents significant challenges to the security of employees. The volatile nature of solvents used in carbon fiber production requires stringent handling protocols to mitigate health risks such as respiratory issues and skin irritation. Companies must implement comprehensive ventilation systems, personal protective equipment (PPE), and regular training to ensure safe handling practices.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market, causing disruptions in supply chains and manufacturing operations globally. Reduced production capacities and logistical challenges led to supply shortages and increased costs. However, as industries adapted to new norms and demand gradually recovered, the market showed resilience, with a growing focus on lightweight materials in transportation sectors driving renewed interest and investment in carbon fiber solvents for various applications.
The acetone-based solvents segment is expected to be the largest during the forecast period
The acetone-based solvents is expected to be the largest during the forecast period. They contribute to the production of lightweight materials crucial for aerospace, automotive, and sporting goods sectors. Acetone's high solvency and quick evaporation rate make it ideal for ensuring resin consistency and fiber integrity during composite manufacturing. Its use underscores the industry's drive towards efficient, high-performance materials that meet stringent weight and strength requirements in advanced applications.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is expected to have the highest CAGR during the forecast period. Manufacturers focus on solvent formulations that ensure effective resin infusion and composite bonding processes, critical for achieving optimal strength-to-weight ratios in automotive components. Innovations in solvent technologies aim to mitigate environmental impact while meeting stringent automotive industry standards for durability and safety, reflecting a growing trend towards sustainable and high-performance materials in vehicle manufacturing.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by increasing demand for lightweight materials in automotive and aerospace sectors. Applications span from structural components to sports equipment, reflecting diverse industry adoption. Market trends emphasize innovation in resin formulations and production techniques, aligning with sustainability goals and stringent performance requirements across various end-user segments.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to stringent regulations promoting fuel efficiency and emissions reduction, propelling the adoption of lightweight materials. The region's competitive landscape features prominent players focusing on innovation and strategic collaborations to enhance product offerings and market presence. Additionally, investments in infrastructure development and expanding automotive production capacities further stimulate market expansion.
Key players in the market
Some of the key players in Carbon Fiber Solvent market include BASF SE, Dow Chemical Company, Lanxess AG, LyondellBasell Industries Holdings B.V., Solvay S.A., Eastman Chemical Company, AkzoNobel N.V., Huntsman Corporation, Formosa Plastics Corporation, Kuraray Co., Ltd, Samsung Petrochemicals, Mitsubishi Chemical Corp, Zoltek Corporation, Celanese Corporation, Teijin Limited, Toray Industries Inc. and A&P Technology Inc.
Key Developments:
In June 2023, Solvay and Spirit AeroSystems have cemented their research and technology relationship on the development of composite aerostructures. The collaborators aim to develop advanced manufacturing concepts and secure a step change in composite fabrication, automation and assembly technologies to de-risk and shorten the development cycle.
In April 2023, Solvay and GKN Aerospace have signed an extension to their 2017 collaboration agreement. Under the agreement, both businesses are developing a joint thermoplastic composites (TPC) roadmap to explore new materials and manufacturing processes for aerospace structures, while jointly targeting future strategic high-rate programs.
Product Types Covered:
• Acetone-Based Solvents
• Methanol-Based Solvents
• N-Methyl-2-pyrrolidone (NMP)
• Dimethylformamide (DMF)
• Dimethylacetamide (DMAc)
• Other Product Types
Solvent Types Covered:
• Water-Based Solvents
• Alcohol-Based Solvents
• Organic Solvents
Raw Materials Covered:
• Polyacrylonitrile Based (PAN)
• Rayon Based
• Pitch Based
Applications Covered:
• Resin Manufacturing
• Fiber Surface Treatment
• Matrix Impregnation
• Cleaning and Degreasing
• Processing Aids
• Other Applications
End Users Covered:
• Aerospace & Defense
• Automotive
• Construction
• Energy and Power
• Healthcare
• Marine
• Sporting Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Carbon Fiber Solvent Market, By Product Type
5.1 Introduction
5.2 Acetone-Based Solvents
5.3 Methanol-Based Solvents
5.4 N-Methyl-2-pyrrolidone (NMP)
5.5 Dimethylformamide (DMF)
5.6 Dimethylacetamide (DMAc)
5.7 Other Product Types
6 Global Carbon Fiber Solvent Market, By Solvent Type
6.1 Introduction
6.2 Water-Based Solvents
6.3 Alcohol-Based Solvents
6.4 Organic Solvents
7 Global Carbon Fiber Solvent Market, By Raw Material
7.1 Introduction
7.2 Polyacrylonitrile Based (PAN)
7.3 Rayon Based
7.4 Pitch Based
8 Global Carbon Fiber Solvent Market, By Application
8.1 Introduction
8.2 Resin Manufacturing
8.3 Fiber Surface Treatment
8.4 Matrix Impregnation
8.5 Cleaning and Degreasing
8.6 Processing Aids
8.7 Other Applications
9 Global Carbon Fiber Solvent Market, By End User
9.1 Introduction
9.2 Aerospace & Defense
9.3 Automotive
9.4 Construction
9.5 Energy and Power
9.6 Healthcare
9.7 Marine
9.8 Sporting Goods
9.9 Other End Users
10 Global Carbon Fiber Solvent Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Dow Chemical Company
12.3 Lanxess AG
12.4 LyondellBasell Industries Holdings B.V.
12.5 Solvay S.A.
12.6 Eastman Chemical Company
12.7 AkzoNobel N.V.
12.8 Huntsman Corporation
12.9 Formosa Plastics Corporation
12.10 Kuraray Co., Ltd
12.11 Samsung Petrochemicals
12.12 Mitsubishi Chemical Corp
12.13 Zoltek Corporation
12.14 Celanese Corporation
12.15 Teijin Limited
12.16 Toray Industries Inc.
12.17 A&P Technology Inc.
List of Tables
1 Global Carbon Fiber Solvent Market Outlook, By Region (2022-2030) ($MN)
2 Global Carbon Fiber Solvent Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Carbon Fiber Solvent Market Outlook, By Acetone-Based Solvents (2022-2030) ($MN)
4 Global Carbon Fiber Solvent Market Outlook, By Methanol-Based Solvents (2022-2030) ($MN)
5 Global Carbon Fiber Solvent Market Outlook, By N-Methyl-2-pyrrolidone (NMP) (2022-2030) ($MN)
6 Global Carbon Fiber Solvent Market Outlook, By Dimethylformamide (DMF) (2022-2030) ($MN)
7 Global Carbon Fiber Solvent Market Outlook, By Dimethylacetamide (DMAc) (2022-2030) ($MN)
8 Global Carbon Fiber Solvent Market Outlook, By Other Product Types (2022-2030) ($MN)
9 Global Carbon Fiber Solvent Market Outlook, By Solvent Type (2022-2030) ($MN)
10 Global Carbon Fiber Solvent Market Outlook, By Water-Based Solvents (2022-2030) ($MN)
11 Global Carbon Fiber Solvent Market Outlook, By Alcohol-Based Solvents (2022-2030) ($MN)
12 Global Carbon Fiber Solvent Market Outlook, By Organic Solvents (2022-2030) ($MN)
13 Global Carbon Fiber Solvent Market Outlook, By Raw Material (2022-2030) ($MN)
14 Global Carbon Fiber Solvent Market Outlook, By Polyacrylonitrile Based (PAN) (2022-2030) ($MN)
15 Global Carbon Fiber Solvent Market Outlook, By Rayon Based (2022-2030) ($MN)
16 Global Carbon Fiber Solvent Market Outlook, By Pitch Based (2022-2030) ($MN)
17 Global Carbon Fiber Solvent Market Outlook, By Application (2022-2030) ($MN)
18 Global Carbon Fiber Solvent Market Outlook, By Resin Manufacturing (2022-2030) ($MN)
19 Global Carbon Fiber Solvent Market Outlook, By Fiber Surface Treatment (2022-2030) ($MN)
20 Global Carbon Fiber Solvent Market Outlook, By Matrix Impregnation (2022-2030) ($MN)
21 Global Carbon Fiber Solvent Market Outlook, By Cleaning and Degreasing (2022-2030) ($MN)
22 Global Carbon Fiber Solvent Market Outlook, By Processing Aids (2022-2030) ($MN)
23 Global Carbon Fiber Solvent Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Carbon Fiber Solvent Market Outlook, By End User (2022-2030) ($MN)
25 Global Carbon Fiber Solvent Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
26 Global Carbon Fiber Solvent Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Carbon Fiber Solvent Market Outlook, By Construction (2022-2030) ($MN)
28 Global Carbon Fiber Solvent Market Outlook, By Energy and Power (2022-2030) ($MN)
29 Global Carbon Fiber Solvent Market Outlook, By Healthcare (2022-2030) ($MN)
30 Global Carbon Fiber Solvent Market Outlook, By Marine (2022-2030) ($MN)
31 Global Carbon Fiber Solvent Market Outlook, By Sporting Goods (2022-2030) ($MN)
32 Global Carbon Fiber Solvent Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
