Africa carbon fiber market is estimated to grow nominal during the forecast period. The key aspects driving the market are the increasing demand for fuel-efficient and lightweight vehicles, accelerating usage in the aerospace and defense sector, and increasing usage in renewable energy. The drivers that facilitate the demand for the carbon fiber market are as follows like the demand from the automotive sector, the wind turbine industries and the pressure vessels industries. The Covid-19 has significantly affected the trade on various nations under the African region since; they are unable to import both composite and non-composite carbon fibers.
According to 6Wresearch, Africa Carbon Fiber Market size is projected to witness nominal growth during 2020-26. Currently, South Africa accounts for the largest producing country in the Africa region. The countries that will dominate in the future carbon fiber are Tanzania, Morocco and Ethiopia. Due to the huge investments in the renewable energy and automotive sector in the Africa region these countries are going to witness a good amount of profits in the coming years.
The market segmentation is categorised into raw material, product type, form type and applications. Based on raw material, the market is sub-segmented into PAN, pitch & rayon. Based on the raw material type, the PAN-based and RAYON based is to witness subsequent growth during the coming time. The key segment is non-composite carbon fiber. The market value is ascribed to the increased production by the major aerospace and defense manufacturers.
The key market players in the Africa region are Formtech Composites, Hexcel Corporation, HITCO Carbon composites Inc., Kemrock Industries and Exports Limited, Mitsubishi Rayon Carbon Fiber & Composites.
The Africa Carbon Fiber report thoroughly covers the market by product type, form type, raw material, application and countries including South Africa, Kenya, Nigeria, Ghana and the rest of Africa. Africa Carbon Fiber outlook report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights
- Africa Carbon Fiber Market Outlook
- Africa Carbon Fiber Market Overview
- Africa Carbon Fiber Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of Africa Carbon Fiber Market Revenues until 2026
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Raw Material Types
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Form Type
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Carbon Fiber Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Carbon Fiber Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Carbon Fiber Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Carbon Fiber Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Africa Carbon Fiber Market
- Market Drivers and Restraints
- Africa Carbon Fiber Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Africa Carbon Fiber Market Share, By Players
- Competitive Benchmarking
Markets Covered
The report provides a detailed analysis of the following market segments:
- By Raw Material Type:
- Rayon-based Carbon Fiber
- PAN-based Carbon Fiber
- Pitch-based Carbon Fiber
- By Application:
- Aerospace and Defense
- Automotive
- Wind Turbines
- Sports Equipment
- Molding and Compounding
- Construction
- Others
- By Product Type:
- Continuous Carbon Fiber
- Long Carbon Fiber
- Short Carbon Fiber
- By Form Type:
- Composite Carbon Fiber
- Non-composite Carbon Fiber
- By Countries:
- Kenya
- Nigeria
- Ghana
- South Africa
- Rest of Africa
