Carbon Fibre Price Trend

Carbon Fibre Prices September 2023

The price of carbon fibre in the United States for Q3 2023 reached 1184 USD/MT in September.

In South Korea, carbon fibre price for Q3 2023 reached 1358 USD/MT.

In Germany, carbon fibre price for Q3 2023 reached 1185 USD/MT.

Carbon Fibre Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Carbon Fibre Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of carbon fibre pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing carbon fibre price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Carbon Fibre Market Analysis

The global carbon fibre market size reached US$ 208.7 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 438.53 Million, at a projected CAGR of 8.60% during 2023-2032.

• The significant growth in the aerospace sector is majorly driving the market. Aircraft manufacturers are constantly seeking to use lighter-weight materials with higher strength and improved fuel efficiency. Carbon fibre combines high strength with a low weight and offers excellent resistance to fatigue – making it the ideal material for this industry.
• Cars and other things need to be lighter and use less gas. New materials such as carbon fiber are being used more. Car makers use carbon fiber to meet rules about emissions and make better cars.
• Wind power comes from big spinning blades moved by the wind. Strong and light carbon fiber is used a lot in these blades. The world's investment in wind power is going up. This means the need for carbon fiber to make turbines stronger and work better is also going up.
• Strong lightweight carbon fibre is commonly used in high-performance sports gear to make it better. A few sports that are growing and want more carbon fibre stuff are biking, skiing, snowboarding, and golf.
• Construction Carbon fibre is being used with construction materials and in the building of concrete structures, as it has the potential to reinforce concrete. Using carbon fibre in the construction industry results in much stronger and longer lasting structures and materials, with low corrosion sensitivity and high tensile strength – ideal properties for infrastructure projects. 
• Electronics With the increasing use of composites in electronic devices and electrical parts, carbon fibre with its conductive properties and low weight is perfectly suited. The ongoing trend for smaller, lighter and greater performance consumer electronic devices supports this growing demand.
• Military and defense applications, such as unmanned aerial vehicles (UAVs), protective gear, and vehicle armour, benefit from carbon fibre's lightweight and durable properties. Increased defence budgets and modernization programs drive the demand for advanced materials.
• The development of urban air mobility solutions, including air taxis and personal aerial vehicles, relies on lightweight, strong materials like carbon fibre to ensure safety and efficiency. As UAM projects progress, the demand for carbon fibre composites is expected to rise.
• The medical industry utilizes carbon fibre for its biocompatibility and radiolucent properties, making it suitable for imaging equipment and prosthetics. Innovations in medical technology and an ageing population increase the need for advanced materials in healthcare applications.

Carbon Fibre News

The report covers the latest developments, updates, and trends impacting the global carbon fibre market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in carbon fibre production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the carbon fibre industry:

• May 22, 2024: Japan’s Toray Industries Inc., the world's foremost carbon textile manufacturer announced to invest 500 billion won ($366.3 million) in expanding its eco-friendly materials production capacity in South Korea. This ambitious move aims to tap into new growth opportunities with high-end products, especially in light of the recent downturn in the petrochemical sector.
• January 28, 2024: The Mitsubishi Chemical Group (MCG Group) announced that it has achieved full ownership of CPC SRL (CPC), a distinguished Italian firm known for its expertise in manufacturing and distributing automobile components made from carbon fibre-reinforced plastic (CFRP).

Product Description

Carbon fibre, renowned for its lightweight and high-strength characteristics, is primarily manufactured of carbon atoms. When these atoms are naturally bonded using crystallographic arrangement, they tend to form a fibre that is stiff, strong, and highly resistant in terms of flexibility. Due to its uniqueness in having a very high stiffness-to-weight ratio, this material is ideal candidate for use in all high-performance applications where there need not be any significant weight such as aerospace, automotive, and sports equipment manufacturing platforms. This material sometimes stays together with other elements within the sub-micron level.

The production journey involves polymerizing acrylonitrile, followed by stages of oxidation and carbonization, culminating in the unique filamentous structure of carbon fibre. Given its advanced attributes, carbon fibre is increasingly embraced in pioneering technology and engineering projects, signifying a substantial leap in material science advancements.

Regional Coverage

The report provides a detailed analysis of the carbon fibre market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends. 

Global Carbon Fibre Price

The report offers a holistic view of the global carbon fibre pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Carbon Fibre Price

European carbon fibre prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed carbon fibre price information for a comprehensive list of countries.

North America Carbon Fibre Price

The analysis of carbon fibre prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on carbon fibre prices within the United States and Canada can also be provided.

Middle East and Africa Carbon Fibre Price

The report explores the carbon fibre pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on carbon fibre prices for countries can also be provided.

Asia Pacific Carbon Fibre Price

The Asia Pacific carbon fibre market is experiencing significant developments driven by various factors. The demand for carbon fibre in sectors such as wind energy, automotive, and aerospace continues to shape the market dynamics. Supply-side influences, including raw material availability and production capacity, also play a crucial role in determining prices.

This analysis can be further extended to include detailed carbon fibre prices for a comprehensive list of countries within the region.

Latin America Carbon Fibre Price

The analysis of carbon fibre prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of carbon fibre pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting carbon fibre price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the carbon fibre industry.