| Product Code: ETC317187 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Singapore Carbon Fibre market currently, in 2023, has witnessed an HHI of 3511, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Carbon fibre has found a multitude of applications in industries like aerospace, automotive, and sports equipment due to its lightweight and high-strength properties. The Singapore carbon fibre market has been steadily expanding, driven by the growing demand for fuel-efficient and lightweight vehicles, as well as the increasing need for high-performance materials in other sectors. Investment in research and development to improve carbon fibre production processes and reduce costs is expected to play a pivotal role in shaping the market`s future.
The Singapore carbon fibre market is experiencing robust growth primarily due to the increasing demand in industries such as aerospace, automotive, and renewable energy. Carbon fibre`s lightweight and high-strength properties make it an ideal material for applications in aircraft and electric vehicles, where fuel efficiency and sustainability are paramount. Additionally, government initiatives promoting advanced materials research and development, along with investments in manufacturing infrastructure, are driving the market further. Singapore strategic location as a global transportation and logistics hub also contributes to its prominence in the carbon fibre industry.
The Singapore carbon fiber market faces challenges related to production costs, competition, and market demand. Carbon fiber is used in various industries, including aerospace, automotive, and sports equipment, due to its lightweight and high-strength properties. However, the production of carbon fiber involves high energy consumption and expensive raw materials, making it cost-prohibitive for some applications. Additionally, competition from alternative materials like fiberglass can impact market growth. Market demand can also be cyclical, depending on the performance of end-user industries. To address these challenges, companies in the Singapore carbon fiber market should focus on cost reduction through process innovation, explore new applications, and collaborate with industries that require high-performance materials.
The carbon fiber market in Singapore was not immune to the global economic downturn caused by the pandemic. Industries such as aerospace and automotive, which heavily rely on carbon fiber composites, saw reduced demand due to travel restrictions and economic uncertainties. However, as the world shifted towards sustainability and lightweight materials, the long-term outlook for the carbon fiber market remains positive. Investments in research and development for new applications are expected to drive future growth.
In the Singapore carbon fibre market, several leading players have emerged as key contributors to the industry`s growth. Companies like SGL Carbon, Toray Industries, and Hexcel Corporation have established a strong presence in the market. SGL Carbon is known for its advanced carbon fibre solutions used in various applications, including aerospace and automotive industries. Toray Industries, a global leader in carbon fibre production, has also made significant inroads into the Singapore market, offering high-performance carbon fibre products. Hexcel Corporation, with its expertise in advanced composites, is another prominent player, providing innovative solutions to the carbon fibre sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Carbon Fibre Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Carbon Fibre Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Carbon Fibre Market - Industry Life Cycle |
3.4 Singapore Carbon Fibre Market - Porter's Five Forces |
3.5 Singapore Carbon Fibre Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Singapore Carbon Fibre Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Singapore Carbon Fibre Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.8 Singapore Carbon Fibre Market Revenues & Volume Share, By Modulus, 2021 & 2031F |
3.9 Singapore Carbon Fibre Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Singapore Carbon Fibre Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Singapore Carbon Fibre Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in various industries such as aerospace, automotive, and sports equipment. |
4.2.2 Growing focus on sustainable and eco-friendly materials, driving the adoption of carbon fiber due to its recyclability and energy-efficient production process. |
4.3 Market Restraints |
4.3.1 High initial investment and production costs associated with carbon fiber manufacturing. |
4.3.2 Limited availability of raw materials, such as precursor fibers, which can impact production scalability. |
5 Singapore Carbon Fibre Market Trends |
6 Singapore Carbon Fibre Market, By Types |
6.1 Singapore Carbon Fibre Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Singapore Carbon Fibre Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Singapore Carbon Fibre Market Revenues & Volume, By Pan??based Carbon Fiber, 2021-2031F |
6.1.4 Singapore Carbon Fibre Market Revenues & Volume, By Pitch??based Carbon Fiber, 2021-2031F |
6.2 Singapore Carbon Fibre Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Carbon Fibre Market Revenues & Volume, By Continuous Carbon Fiber, 2021-2031F |
6.2.3 Singapore Carbon Fibre Market Revenues & Volume, By Long Carbon Fiber, 2021-2031F |
6.2.4 Singapore Carbon Fibre Market Revenues & Volume, By Short Carbon Fiber, 2021-2031F |
6.3 Singapore Carbon Fibre Market, By Fiber Type |
6.3.1 Overview and Analysis |
6.3.2 Singapore Carbon Fibre Market Revenues & Volume, By Virgin Carbon Fiber, 2021-2031F |
6.3.3 Singapore Carbon Fibre Market Revenues & Volume, By Recycled Carbon Fiber, 2021-2031F |
6.4 Singapore Carbon Fibre Market, By Modulus |
6.4.1 Overview and Analysis |
6.4.2 Singapore Carbon Fibre Market Revenues & Volume, By Standard Modulus, 2021-2031F |
6.4.3 Singapore Carbon Fibre Market Revenues & Volume, By Intermediate Modulus, 2021-2031F |
6.4.4 Singapore Carbon Fibre Market Revenues & Volume, By High Modulus, 2021-2031F |
6.5 Singapore Carbon Fibre Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Singapore Carbon Fibre Market Revenues & Volume, By Composite, 2021-2031F |
6.5.3 Singapore Carbon Fibre Market Revenues & Volume, By Non-composite, 2021-2031F |
6.6 Singapore Carbon Fibre Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Singapore Carbon Fibre Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.3 Singapore Carbon Fibre Market Revenues & Volume, By Automotive, 2021-2031F |
6.6.4 Singapore Carbon Fibre Market Revenues & Volume, By Wind Energy, 2021-2031F |
6.6.5 Singapore Carbon Fibre Market Revenues & Volume, By Sporting Goods, 2021-2031F |
6.6.6 Singapore Carbon Fibre Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.6.7 Singapore Carbon Fibre Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.6.8 Singapore Carbon Fibre Market Revenues & Volume, By Marine, 2021-2031F |
6.6.9 Singapore Carbon Fibre Market Revenues & Volume, By Marine, 2021-2031F |
7 Singapore Carbon Fibre Market Import-Export Trade Statistics |
7.1 Singapore Carbon Fibre Market Export to Major Countries |
7.2 Singapore Carbon Fibre Market Imports from Major Countries |
8 Singapore Carbon Fibre Market Key Performance Indicators |
8.1 Percentage increase in the use of carbon fiber in key industries in Singapore. |
8.2 Research and development expenditure on carbon fiber technologies. |
8.3 Adoption rate of carbon fiber composites in new applications in Singapore. |
9 Singapore Carbon Fibre Market - Opportunity Assessment |
9.1 Singapore Carbon Fibre Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Singapore Carbon Fibre Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Singapore Carbon Fibre Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.4 Singapore Carbon Fibre Market Opportunity Assessment, By Modulus, 2021 & 2031F |
9.5 Singapore Carbon Fibre Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Singapore Carbon Fibre Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Singapore Carbon Fibre Market - Competitive Landscape |
10.1 Singapore Carbon Fibre Market Revenue Share, By Companies, 2024 |
10.2 Singapore Carbon Fibre Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |