USD 400 million
CABKOMA Market Size, Share, Growth Analysis, By Type(CABKOMA T, and CABKOMA S), By Application(Aerospace, and Automotive), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2205 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
61
|Figures:
75
CABKOMA Market Insights
Global CABKOMA Market size was valued at USD 400 million in 2022 and is poised to grow from USD 436.40 million in 2023 to USD 875.96 billion by 2031, growing at a CAGR of 9.10% during the forecast period (2024-2031).
The global CABKOMA market has been growing steadily in recent years due to the increasing demand for lightweight and high-strength materials in various end-use industries. The key drivers of this market include the growing demand for fuel-efficient vehicles, the increasing use of lightweight materials in aerospace applications, and the growing popularity of sports and leisure activities that require lightweight and durable equipment. The market for CABKOMA is dominated by a few key players who offer a wide range of products and services. The global CABKOMA market is expected to continue its growth trajectory in the coming years, driven by the increasing demand from key end-use industries. However, the market may face challenges such as the high cost of production and the availability of alternative materials. Based on our analysis report, we found that the North American region is expected to hold the largest share of the CABKOMA market in terms of revenue, owing to the presence of key players and the growing demand for lightweight materials in the region's aerospace and automotive industries. The report also states that the Asia-Pacific region is expected to be the fastest-growing market for CABKOMA during the forecast period, owing to the growing automotive and aerospace industries in countries such as China, Japan, and India.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
CABKOMA T
Fastest Growth
CABKOMA S
Growth Rate
9.10% CAGR
Global CABKOMA Market ($ Bn)
Country Share for North America Region (%)
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CABKOMA Market Segmental Analysis
The global CABKOMA market is segmented based on type, application, and region. In terms of type, the market can be segmented into CABKOMA T, and CABKOMA S. Based on application, the market is segmented into aerospace, and automotive. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
CABKOMA Market Analysis by Type
By type, the market can be segmented into CABKOMA T, and CABKOMA S. CABKOMA T is expected to dominate the market in terms of revenue owing to the increasing demand for lightweight and high-strength materials in the automotive and sports equipment industries. CABKOMA T is a type of CABKOMA that offers high tensile strength and toughness, making it ideal for applications in the automotive and sports equipment industries. It is used to manufacture lightweight and high-strength components that improve fuel efficiency and performance.
CABKOMA S is expected to witness the fastest growth in the market owing to the increasing demand for high-performance materials in the aerospace and electronics industries. CABKOMA S is a type of CABKOMA that offers high heat resistance and chemical resistance, making it ideal for applications in the aerospace and electronics industries. It is used to manufacture high-performance components such as circuit boards and connectors.
CABKOMA Market Analysis by Application
By application, the market can be segmented into aerospace, and automotive. The Aerospace application segment is expected to dominate the market in terms of revenue owing to the widespread use of CABKOMA in the aerospace industry for the manufacturing of lightweight and durable structural components. CABKOMA offers high strength-to-weight ratios, which is essential in the aerospace industry for fuel efficiency, and to reduce the overall weight of aircraft. The increasing demand for commercial air travel and the growing number of aircraft deliveries worldwide are expected to drive the demand for CABKOMA in the aerospace industry.
The automotive application segment is expected to witness the fastest growth owing to the increasing demand for lightweight materials in the automotive industry. CABKOMA is widely used in the automotive industry to manufacture lightweight and high-strength components that improve fuel efficiency and performance. The rising demand for electric and hybrid vehicles, which require lightweight materials for battery and motor components, is expected to drive the demand for CABKOMA in the automotive industry.
Global CABKOMA Market Size By Type
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CABKOMA Market Regional Insights
In North America, the CABKOMA market is expected to witness dominant growth due to the presence of major aerospace and automotive industries in the region. The United States is the largest consumer of CABKOMA in the region, owing to its extensive use in the aerospace industry. The increasing demand for lightweight and fuel-efficient aircraft is driving the market growth in this region.
In the Asia Pacific (APAC) region, the CABKOMA market is expected to witness the fastest growth rate due to the rapid industrialization and increasing investments in aerospace and automotive industries. China is the largest consumer of CABKOMA in the region, followed by Japan and India. The growth of the market in this region can be attributed to the rising demand for lightweight materials in the construction, automotive, and aerospace industries. The increasing adoption of advanced manufacturing technologies, such as automation and 3D printing, is further propelling the market growth in this region.
Global CABKOMA Market By Region
- Largest
- Fastest
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CABKOMA Market Dynamics
CABKOMA Market Drivers
Increasing Demand for Lightweight and High-performance Materials
-
One driver of the CABKOMA market is the increasing demand for lightweight and high-performance materials in the aerospace and automotive industries. CABKOMA offers high strength-to-weight ratios, making it ideal for these industries to improve fuel efficiency, reduce emissions and enhance performance. The rising demand for commercial air travel and the growing number of aircraft deliveries worldwide, as well as the increasing demand for electric and hybrid vehicles, which require lightweight materials for battery and motor components, are expected to drive the demand for CABKOMA in the market.
Increasing expansion of the aerospace and defence sectors
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One of the key growth drivers for the Carbon Thermoplastic Composites Market is the expanding aerospace and defence sectors globally. Additionally, the International Civil Aviation Organisation is working to lessen the aviation sector's influence on the environment, which is boosting the adoption of aircraft emission regulations for new aircraft. As a result, market growth increases during the research period.Additionally, the expanding aircraft manufacturing in various developing nations like China and India is driving up demand for carbon thermoplastic composites at a significant rate during the assessment timeframe.
CABKOMA Market Restraints
High Cost of Production and Limited Availability of Raw Materials
- One restraint of the CABKOMA market is the high cost of production and limited availability of raw materials. The production process of CABKOMA is complex and requires high-end equipment, skilled labor, and expensive raw materials. This makes the production cost of CABKOMA significantly higher compared to other materials, which can limit its adoption in various industries. Additionally, the limited availability of raw materials and the complex production process can cause supply chain disruptions, leading to shortages and higher prices of CABKOMA. These factors may hinder the growth of the CABKOMA market.
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CABKOMA Market Competitive Landscape
The CABKOMA market is highly fragmented in nature with the presence of several regional and global players. The market is characterized by intense competition among players, with companies focusing on product innovation, expanding their distribution networks, and strategic collaborations to gain a competitive edge. The players in the market compete on factors such as product quality, pricing, brand reputation, and customer service. The market is also witnessing a trend towards vertical integration with players expanding their capabilities across the value chain to ensure consistent supply and maintain competitiveness.
CABKOMA Market Top Player’s Company Profiles
- Toray Industries Inc. (Japan)
- Teijin Limited (Japan)
- Hexcel Corporation (US)
- Mitsubishi Chemical Holdings Corporation (Japan)
- SGL Carbon SE (Germany)
- Solvay SA (Belgium)
- Arkema S.A. (France)
- Gurit Holding AG (Switzerland)
- Koninklijke Ten Cate BV (Netherlands)
- Evonik Industries AG (Germany)
- BASF SE (Germany)
- Owens Corning (US)
- Celanese Corporation (US)
- Huntsman Corporation (US)
- E. I. duPont de Nemours and Company (US)
- Sumitomo Bakelite Co. Ltd. (Japan)
- Formosa Plastics Corporation (Taiwan)
- Carbon Revolution (Australia)
- Zoltek Companies Inc. (US)
- Plasan Carbon Composites (US)
CABKOMA Market Recent Developments
- In March 2023, SGL Carbon SE announced a partnership with BMW to develop carbon fiber components for electric vehicles, aimed at improving energy efficiency and reducing emissions.
- In January 2023, Toray Industries Inc. announced the launch of a new carbon fiber material, TORAYCA T1100S-12E, for lightweight applications in the automotive and aerospace sectors.
- In October 2022, Huntsman Corporation announced the acquisition of Icynene-Lapolla, a leader in spray foam insulation technology, which will expand its product offerings in the building and construction industry.
- In August 2022, Solvay SA announced the launch of a new high-performance thermoplastic material, Ryton PPS, for lightweight and durable applications in the automotive and aerospace sectors.
- In June 2022, Mitsubishi Chemical Holdings Corporation announced a new carbon fiber recycling process, aimed at reducing waste and improving the sustainability of the composites industry.
CABKOMA Key Market Trends
- One key market trend in the CABKOMA market is the growing demand for lightweight and durable materials in various end-use industries, such as aerospace, automotive, and construction. With the increasing need for fuel efficiency, reduced emissions, and improved performance, the use of composites, including CABKOMA, has become a popular choice among manufacturers. Moreover, the development of advanced manufacturing technologies, such as automation and 3D printing, is further propelling the market growth by enabling cost-effective and efficient production of complex composite structures.
CABKOMA Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global CABKOMA market analysis, the industry is witnessing significant growth due to the increasing demand for lightweight and durable materials in various end-use industries, such as aerospace, automotive, and construction. CABKOMA, a type of high-performance composite material, offers excellent mechanical properties, including high strength-to-weight ratio, stiffness, and fatigue resistance, making it an ideal choice for a wide range of applications. The market is highly competitive, with numerous key players operating globally and constantly innovating to stay ahead. The market is expected to witness significant growth in the coming years, driven by the increasing adoption of advanced manufacturing technologies, such as automation and 3D printing, and the growing focus on sustainability and energy efficiency.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 400 million |
| Market size value in 2031 | USD 875.96 billion |
| Growth Rate | 9.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on CABKOMA Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on CABKOMA Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the CABKOMA Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CABKOMA Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CABKOMA Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CABKOMA Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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