The Latest Carbon Industry Statistics Explained
The global carbon fiber industry is projected to reach about $6.36 billion in value by 2026, at a CAGR of 11.6% from 2020,
This statistic indicates that the global carbon fiber industry is expected to experience significant growth over the next few years. The projection of reaching a value of $6.36 billion by 2026 suggests a substantial increase in market size compared to previous years. The Compound Annual Growth Rate (CAGR) of 11.6% from 2020 further reinforces the notion of a strong upward trend in the industry. This growth rate signifies a steady and consistent increase in value annually, reflecting a positive outlook for the carbon fiber market. The statistic highlights the increasing demand for carbon fiber products across various industries, such as aerospace, automotive, and sports equipment, and underscores the potential for continued expansion and development in the sector.
Asia-Pacific is anticipated to be the dominant region in the global carbon industry by 2027, with China playing a vital role,
The statement suggests that by 2027, the Asia-Pacific region is projected to lead the global carbon industry, with China being a key player in driving growth and development within the industry. This indicates that the Asia-Pacific region, particularly China, is expected to see significant advancements in carbon-related activities such as carbon emissions reduction, carbon trading, and carbon offset projects. The dominance of the Asia-Pacific region could be attributed to various factors such as government policies, technological advancements, and increasing investments in sustainable initiatives. The anticipated dominance of this region underscores the importance of Asia-Pacific countries, especially China, in shaping the future of the global carbon industry.
The North America carbon fiber industry was worth around $1.7 billion in 2019,
The statistic stating that the North America carbon fiber industry was worth around $1.7 billion in 2019 indicates the total value of carbon fiber products produced and sold within the North American region during that year. This figure represents the economic significance and scale of the carbon fiber industry in North America, demonstrating the market demand for these lightweight and strong composite materials. The value of $1.7 billion highlights the substantial amount of revenue generated by the production and sale of carbon fiber products, which are commonly used in aerospace, automotive, sports equipment, and other high-performance applications. This statistic provides insight into the economic contribution and importance of the carbon fiber industry within the North American market in 2019.
Wind Energy end-use industry share of carbon fiber in 2017 was approximately 25%,
The statistic indicating that the wind energy end-use industry accounted for approximately 25% of the carbon fiber usage in 2017 highlights the substantial impact and reliance of this sector on carbon fiber materials. Carbon fiber is a high-performance and lightweight material that is essential for the construction of wind turbine blades, which are key components of wind energy generation systems. The statistic suggests that a quarter of the global carbon fiber production in 2017 was directed towards meeting the demands of the wind energy industry, underscoring the significant role of this renewable energy sector in driving the utilization of advanced materials for sustainable energy production.
In 2018, 24,100 tonnes of carbon fiber was produced worldwide,
The statistic “In 2018, 24,100 tonnes of carbon fiber was produced worldwide” represents the total amount of carbon fiber material that was manufactured on a global scale during the year 2018. Carbon fiber is a lightweight and strong material increasingly used in various industries such as aerospace, automotive, sports equipment, and construction due to its exceptional mechanical properties. The production of 24,100 tonnes indicates the significant demand for carbon fiber in these industries and highlights the growing popularity of this material for its unique properties. This statistic provides insight into the scale of carbon fiber production and its importance in modern manufacturing processes and applications.
The automotive carbon fiber market is expected to grow at a rate of nearly 8% from 2020 to 2025,
This statistic indicates the expected growth rate of the automotive carbon fiber market over a five-year period, specifically from 2020 to 2025. The estimated growth rate of nearly 8% suggests a significant increase in the demand and utilization of carbon fiber materials within the automotive industry during this timeframe. This growth projection highlights a potential shift towards the adoption of carbon fiber as a preferred material in manufacturing automotive components due to its lightweight, strength, and durability characteristics. The anticipated rise in the automotive carbon fiber market signifies evolving trends in the industry towards more advanced and high-performance materials, driving innovation and presenting opportunities for market expansion and technological developments within the automotive sector.
The demand for carbon fiber in the sport and recreational segment is predicted to grow by 13% annually by 2026,
The statistic indicates that the demand for carbon fiber in the sport and recreational segment is expected to increase at a rate of 13% per year until the year 2026. This means that the usage of carbon fiber in industries such as sports equipment, recreational vehicles, and other leisure products is projected to experience significant growth over the specified timeframe. Such growth could be driven by factors like advancements in carbon fiber technology, increasing consumer preference for high-performance and lightweight materials, and expanding applications of carbon fiber in various sporting and recreational products. The predicted annual growth rate of 13% highlights a strong upward trend in demand for carbon fiber within the sport and recreational sector, suggesting potential opportunities for businesses operating in this market to capitalize on the rising popularity of carbon fiber-based products.
Carbon black, a sub-sector of the carbon industry, produced approximately 13.13 million metric tons in 2016,
The statistic indicates that within the broader carbon industry, specifically the sub-sector of carbon black, a total of approximately 13.13 million metric tons of carbon black was produced in the year 2016. Carbon black is a fine powder used predominantly as a reinforcing agent in rubber products and as a pigment in various applications like inks and plastics. The production volume of 13.13 million metric tons highlights the substantial scale of manufacturing within the carbon black industry in 2016, reflecting its significance in meeting the global demand for this versatile material across a wide range of industrial sectors.
The carbon capture and storage market size is forecasted to reach $6.1 billion by 2027,
The statistic indicates that the carbon capture and storage market is expected to grow significantly, with a projected market size of $6.1 billion by the year 2027. This forecast suggests a strong upward trend in the demand and investment in carbon capture and storage technologies, which are essential in mitigating greenhouse gas emissions and combating climate change. The anticipated growth in the market size reflects a growing recognition of the importance of carbon capture and storage initiatives in reducing carbon dioxide levels in the atmosphere, thus underlining the increasing efforts towards sustainability and environmental protection in the global economy.
The activated carbon market will experience a CAGR of 9.5% from 2021 to 2026,
The statement “The activated carbon market will experience a compound annual growth rate (CAGR) of 9.5% from 2021 to 2026” implies that the market for activated carbon, a highly porous material used for adsorption and purification purposes, is expected to grow steadily over the specified time period. A CAGR of 9.5% indicates that the market is projected to expand at a consistent annual rate of 9.5% over the next five years. This statistic suggests a positive outlook for the activated carbon industry, with increasing demand for its applications in water treatment, air purification, and various industrial processes leading to sustained growth and market expansion.
By 2027, the U.S. carbon fiber market is expected to achieve $3.3 billion,
The statistic indicates a projected growth in the U.S. carbon fiber market, with an estimated value of $3.3 billion by the year 2027. Carbon fiber is a lightweight and strong material with various applications across industries such as aerospace, automotive, and sports equipment. This projected market value suggests a significant increase in demand for carbon fiber products over the next few years, driven by factors like technological advancements, sustainability initiatives, and the shift towards lightweight materials in various manufacturing processes. The growth of the carbon fiber market can have positive implications for job creation, innovation, and economic development within the U.S. industrial sector.
The worldwide demand for carbon fiber-reinforced plastics is projected to increase to 289,000 metric tons by 2025,
The statistic indicates that there is a significant projected increase in the global demand for carbon fiber-reinforced plastics, with an estimated rise to 289,000 metric tons by the year 2025. This growth suggests a growing preference for carbon fiber-reinforced plastics in various industries such as aerospace, automotive, sports equipment, and construction due to their lightweight, high strength, and corrosion-resistant properties. The increasing demand could be driven by advancements in manufacturing technology, a shift towards more sustainable materials, and the growing emphasis on reducing the environmental impact of products. This projection serves as a valuable insight for businesses and policymakers to anticipate and adapt to the evolving demand for carbon fiber-reinforced plastics in the coming years.
Japan is the second-largest global producer of carbon fiber,
The statistic that Japan is the second-largest global producer of carbon fiber indicates that Japan holds a prominent position in the production and supply of this advanced composite material used extensively in various industries such as aerospace, automotive, and sports equipment. This ranking suggests that Japan has significant manufacturing capabilities, technological expertise, and a strong market presence in the carbon fiber industry, second only to the top global producer. Japan’s high position as the second-largest producer highlights its contribution to the international supply chain of carbon fiber materials and signifies the country’s competitive advantage and leadership in this specialized sector, which is crucial for the development of lightweight, high-performance products across different sectors.
Recovered carbon black market is projected to reach $491 million by 2023,
The statistic “Recovered carbon black market is projected to reach $491 million by 2023” indicates the anticipated value of the market for recovered carbon black, a sustainable alternative to traditional carbon black extracted from tires and rubber products. This projection suggests a growth trend in the market driven by factors such as increasing environmental concerns, regulations promoting the use of sustainable materials, and the rising demand for recycled products. The estimated value of $491 million by 2023 reflects the expected market size and potential opportunities for businesses operating in the recovered carbon black sector to capitalize on the expanding market landscape.
The global carbon nanotubes market size was valued at USD 2.26 billion in 2019,
The statistic indicates that in 2019, the overall market for carbon nanotubes had reached a value of USD 2.26 billion worldwide. This figure represents the total revenue generated from the sales of carbon nanotubes across various industries. Carbon nanotubes are versatile nanomaterials with unique properties that make them highly desirable for applications in electronics, aerospace, energy, and other sectors. The market size reflects the demand and adoption of carbon nanotubes by companies and research institutions for various applications. This statistic provides insight into the economic importance and growth potential of the carbon nanotubes industry in contributing to global technological advancements and innovation.
The carbon and graphite product market is expected to grow from $26.38 billion in 2020 to $28.62 billion in 2021,
The statistic states that the carbon and graphite product market is projected to increase in value from $26.38 billion in 2020 to $28.62 billion in 2021, indicating a growth of approximately $2.24 billion within that one-year period. This growth suggests a positive trend in the demand for carbon and graphite products, likely driven by factors such as increased industrial activities, technological advancements, and growing applications in various industries. The statistic implies that there is a perceived market opportunity and potential profitability in the carbon and graphite product sector, which may attract investments and drive further innovation and development in the industry.
The carbon footprint management size was valued at $7.76 billion in 2018 and is expected scale up to $12.94 billion by 2025,
This statistic indicates the market size of carbon footprint management in terms of value, with it being worth $7.76 billion in 2018 and projected to increase to $12.94 billion by 2025. The term ‘carbon footprint management’ typically refers to practices and technologies aimed at reducing or offsetting greenhouse gas emissions produced by businesses, organizations, and individuals. The significant growth forecasted in this market size suggests a rising global awareness and commitment towards environmental sustainability, as more entities are likely investing in initiatives to minimize their carbon impact. This trend may indicate a shift towards more sustainable business practices and a growing emphasis on environmental responsibility in various sectors.
The carbon fiber prepreg market was evaluated to be $6.95 billion in 2017 and is expected to reach $12.46 billion by 2023,
The statistic indicates that the market for carbon fiber prepreg was valued at $6.95 billion in 2017 and is projected to grow to $12.46 billion by 2023. This reflects a substantial expected increase in market size over the period. The growth suggests a rising demand for carbon fiber prepreg, which is a reinforced composite material used in various industries such as aerospace, automotive, and sports equipment. Factors driving this growth may include advancements in technology, increased adoption of carbon fiber materials for lightweight and high-performance applications, as well as expanding markets for eco-friendly and sustainable products. The forecasted market expansion presents significant opportunities for businesses operating in the carbon fiber prepreg sector to capitalize on this growth trend and cater to the evolving needs of industries seeking innovative materials with superior properties.
Global consumption of carbon fiber reinforced plastic (CFRP) is likely to reach 231,000 metric tons by 2026,
The statistic that global consumption of carbon fiber reinforced plastic (CFRP) is projected to reach 231,000 metric tons by 2026 indicates a significant upward trend in the utilization of CFRP materials across various industries. CFRP is known for its lightweight yet strong properties, making it a popular choice in sectors such as aerospace, automotive, sports equipment, and renewable energy. The anticipated growth in consumption reflects increasing demand for high-performance, durable, and sustainable materials in manufacturing and construction applications. This statistic suggests a promising outlook for the CFRP market, with companies likely to invest more in research, innovation, and production capacity to meet the rising global demand for these advanced composite materials.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.statista.com
4. – https://www.www.globenewswire.com
5. – https://www.www.mordorintelligence.com
6. – https://www.www.fortunebusinessinsights.com
7. – https://www.www.researchdive.com
8. – https://www.www.thebusinessresearchcompany.com
9. – https://www.www.prnewswire.com
10. – https://www.www.marketdataforecast.com
11. – https://www.www.valuemarketresearch.com
12. – https://www.www.meticulousresearch.com
