Dublin, July 08, 2024 (GLOBE NEWSWIRE) -- The "Milled Carbon Fiber Market by Fiber Type (Virgin, Recycled), Application (Reinforcements, Coatings & Adhesives), End-Use Industry (Automotive, Electrical & Electronics, Sporting Goods, Aerospace & Defense) & Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global milled carbon fiber market is estimated at USD 182 million in 2024 and is projected to reach USD 302 million by 2029, at a CAGR of 10.8% from 2024 to 2029.
The scope of this report includes detailed information about the major factors influencing the growth of the milled carbon fiber market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the milled carbon fiber market are all covered. This report includes a competitive analysis of upcoming startups in the milled carbon fiber market ecosystem.
Prominent companies in the market include Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Daigas Group (Japan), Stanford Advanced Materials (US), Nippon Graphite Fiber Co., Ltd. (Japan), Easy Composites Ltd (UK), Haufler Composites GmbH & Co. KG (Germany), Procotex (Belgium), and SGL Carbon (Germany).
In terms of value, coatings and adhesives segment accounted for the second largest share of the overall milled carbon fiber market
Milled carbon fibers are used in various applications, including coatings and adhesives, due to their unique properties. Milled carbon fibers enhance the performance of coatings and adhesives by providing electrostatic dissipation, mechanical properties, dimensional stability, and electrical conductivity. In coatings, milled carbon fibers improve the mechanical properties, conductivity, corrosion and abrasion resistance of the material. In adhesives, they enhance the adhesion to thermoplastic matrices, reduce the propensity for voids and harmful volatiles during processing, and provide improved mechanical and physical properties.
In terms of value, sporting goods segment accounted for the third largest share of the overall milled carbon fiber market
In 2023, the sporting goods segment accounted for the third largest share of the milled carbon fiber market, in terms of value. Milled carbon fibers play a crucial role in various sporting goods applications, enhancing the performance and characteristics of equipment across different sports. These fibers are utilized in a wide range of products, including tennis rackets, badminton rackets, golf clubs, fishing rods, and bicycles, among others. In tennis and badminton rackets, carbon fiber composites provide lightweight, high rigidity, and vibration damping properties, improving player comfort and performance. Golf clubs benefit from carbon fiber's ability to reduce weight by 10 to 40%, enhancing swing speed and ball acceleration. These applications highlight the versatility and performance benefits of milled carbon fibers in sporting goods, driving advancements in athletic equipment design and functionality.
During the forecast period, the milled carbon fiber market in North America region is projected to be the third largest region
The milled carbon fiber market for structural applications in this region is driven by the presence of established players and stringent environmental regulations that emphasize the use of lightweight and fuel-efficient materials. Various industries, including automotive, electrical & electronics, and sports equipment, are increasingly adopting lightweight materials to enhance performance. Leading companies like Zoltek Corporation and Stanford Advanced Materials are ramping up their R&D efforts to develop new products, aligning with market trends and meeting the growing demand for milled carbon fiber.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 186 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $182 Million |
| Forecasted Market Value (USD) by 2029 | $302 Million |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Premium Insights
- High Demand for Lightweight Materials to Drive Market
- Reinforcements Application and Europe Accounted for Largest Shares in 2023
- Recycled Fiber Segment Held Largest Share in 2023
- Automotive Segment Held Largest Share in 2023
- US to Dominate Market During Forecast Period
Market Dynamics
- Drivers
- Development of Eco-Friendly Milled Carbon Fiber from Recycling of Carbon Fiber Composites
- Increasing Adoption of Milled Carbon Fiber in Composite Applications
- Growing Adoption of Recyclable and Lightweight Milled Carbon Fibers in Automotive Industry
- Restraints
- Competition with Low-Cost Mature Products
- Opportunities
- Reduction in Cost of Carbon Fibers
- Rising Demand from Emerging Markets
- Challenges
- Lack of Availability of Composite Waste and Limited Recycling Facilities
- High Production Cost of Milled Carbon Fibers
Supply Chain Analysis
- Raw Material
- Manufacturing Process
- Final Product
Pricing Analysis
- Average Selling Price Trend of Key Players, by End-use Industry
- Average Selling Price Trend, by Fiber Type
- Average Selling Price Trend, by Application
- Average Selling Price Trend, by Region
Trade Analysis
- Import Scenario
- Export Scenario
Technology Analysis
- Key Technology
- Mechanical Process
- Complementary Technology
- Thermal Recycling Process
Patent Analysis
- Methodology
- Document Types
- Insights
- Legal Status
- Jurisdiction Analysis
- Top Applicants
- Top 10 Patent Owners (US) in Last 13 Years
Case Study Analysis
- Impact of Milled Carbon Fiber on Lenovo Thinkpad X1 Series Laptops
Companies Featured in the Report
- Toray Industries, Inc.
- Teijin Limited
- SGL Carbon
- Mitsubishi Chemical Group Corporation
- Daigas Group
- Stanford Advanced Materials
- Nippon Graphite Fiber Co. Ltd.
- Easy Composites Ltd.
- Haufler Composites GmbH & Co. KG
- Procotex
- CLM-Pro
- R&G Faserverbundwerkstoffe GmbH
- Nippon Polymer Sangyo Co. Ltd.
- Tasuns Composite Technology Co. Ltd.
- Nantong Yongtong Environmental Technology Co. Ltd.
- Hebei Yayang Spodumene Co. Ltd.
- K. Sakai & Co. Ltd.
- Elley New Material Co. Ltd.
- Tianjin Yufeng Carbon Co. Ltd.
- Carbonfiber.cz
- Shenzhen Xiangu High-Tech Co. Ltd.
- Hangzhou Impact New Materials Co. Ltd.
- China Beihai Fiberglass Co. Ltd.
- Shanghai Shenghe Textile Technology Co. Ltd.
- Aritech Chemazone Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/dgm3tc
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