Advanced Structural Carbon Products: Fibers, Foams & Composites
The U.S. market for structural carbon materials was worth nearly $2 billion in 2010. This figure is expected to increase to $2.1 billion in 2011 and $2.8 billion in 2016, a compound annual growth rate (CAGR) of 6.3% over the next 5 years.
This report covers technological, economic, and business conditions in the structural carbons industry. Although this report is primarily a study of the U.S. market, analysis and forecasts are also provided for global markets. Included in this report are descriptions of market forces relevant to the structural carbons industry and their areas of application.
The U.S. market is presented by type of structural carbons along with growth forecasts through 2016. The driving forces in the industry and the structure of the industry are also examined.
International aspects of the structural carbons industry are discussed with respect to all the geographic regions and type of structural carbon material. Lastly, brief profiles of the major manufacturers are presented.
This report is an update of an earlier report prepared by Dr. Ravindra Deshpande. Dr. Deshpande has over 13 years of research and product development experience in the manufacturing industry. He holds a Ph.D. in Chemical Engineering along with an MBA. Dr. Deshpande has published several papers in peer-reviewed journals and is lead inventor on several patents.
The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel, LLC. Mr. McWilliams is the author of numerous other BCC studies of advanced materials and their applications, including Materials and Devices for High-Performance Sports Products (AVM053A); Advanced Materials and Technologies for Public Works Infrastructure Projects (AVM062A); Nanocomposites, Nanoparticles, Nanoclays, and Nanotubes (NAN021D); Lightweight Materials in Transportation(AVM056B); Advanced Materials and Devices for Renewable Energy (EGY053B); The Market for Thermal Management Technologies (SMC024G); and Graphene: Technologies, Applications, and Markets (AVM075A).
- The U.S. market for structural carbon materials was worth an estimated $1.8 billion in 2008. This should increase to $2.3 billion in 2013, for a compound annual growth rate (CAGR) of 5.6%.
- Structural carbon materials for the aerospace and defense segment generated an estimated $1.0 billion in 2008. This should increase to $1.4 billion in 2013, for a CAGR of 6.4%.
- The industrial applications segment is expected to generate revenues of $415.7 million in 2008. This should reach $523.3 million in 2013, for a CAGR of 4.7%.
- The market value of the top four types of advanced structural carbon materials is nearly $1.6 billion and is expected to rise at an average annual growth rate (AAGR) of 6.6% to $2.2 billion in 2011.
- The average price of carbon fiber will continue to erode due to a projected onslaught of low-end production. The market for carbon fibers is forecast to be $878 million in 2011.
- Carbon foams will grow from a small base of $11 million in 2006 at an industry-leading average annual rate of 18.3%.
- Structural graphite remains a relatively mature industry and its market will grow from $315 million in 2006 to only $348 million in 2011.
- Carbon-carbon composites, primarily used in high-temperature applications that demand structural integrity, will grow at an AAGR of 8.5%.
A 7.4% average annual growth rate (AAGR) is forecast for the North American advanced structural carbons materials market over the next five years, resulting in a nearly $2.3 billion market in 2007.
The carbon fiber sector’s 8.9% AAGR will depend on the ability of manufacturers to reduce production costs and thus diversify into high-volume markets.
The relatively mature markets for structural graphite will grow at an AAGR of only 1.1%from $317 million in 2002 to $335 million in 2007.
Carbon-carbon composites grow at an AAGR of 8.3% and, by 2007, this industry’s largest market will approach the $1 billion milestone.
Carbon foams will grow from a small base of $19 million in 2002 at an industry-leading AAGR of 20.9%.