Over the years, the level of demand for carbon fiber and carbon fiber reinforced composites has steadily increased in striking parallel with the number of aerospace and industrial applications using prepreg. From aerospace to sporting goods to wind energy, carbon fiber is rapidly gaining acceptance as an alternative material to metals, wood, and plastics, and is becoming more widely recognized for its high-performance characteristics.
The suppliers have grown organic and inorganic in the last five years. The suppliers have also made acquisition, partnerships, and agreements with various players around the world. In 2014, Toray Industries Inc. acquired the Zoltek and has become a wholly-owned subsidiary of Toray. In 2015, Solvay has acquired the Cytec Industries Inc. In 2019, Hyosung Corp. and Saudi Aramco have also signed a memorandum of understanding (MOU) for building of a joint carbon fiber plant in Saudi Arabia and South Korea. This report has examined and profiled the world’s leading carbon fiber producers. Lucintel created profiles of each competitor based on the following criteria:
A total of 100 figures / charts and 19 tables are provided in this 221-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
Lucintel built profiles of each competitor based on the following criteria:
Company overview
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Company Description and Business Segments
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Corporation Statistics
Carbon Fiber business overview
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UPR Business Segments
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Key Differentiators and Strengths
Products and product positioning
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Product Line Overview
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Carbon Fiber Product Map
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Product Positioning in Market Segments
Markets and market positioning
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Market Positioning in the Global UPR business
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Volume Breakdown by Market Segments
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Volume Breakdown by Region
Production/ Geographic Footprint
Innovation and market leadership
Marketing, sales and organizational capabilities
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Marketing and Sales
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Management Commitment and Track Record
Strategic Initiatives
The resulting research report represents the most comprehensive strategic and tactical assessment of the carbon fiber producers and competitive landscape available. In terms of the total revenue generated by leading carbon fiber producers, Toray ranks number one, followed by Teijin. Mitsubishi Rayon Corporation, Hexcel, SGL, Cytec Solvay, Formosa Plastics Corp, Dow Aksa and Zhongfu Shenying all of which are included in the report.
The detailed analysis of each company offers a critical view into key strategic areas, including:
1.Carbon fiber producer target markets
2.Key differentiators, strengths, competitors, and other insights
Designed for the composites and non-composites industry professionals, financial services firms, and users of carbon fiber, Lucintel's “Worldwide Carbon Fiber Competitive Analysis and Leadership Study 2018” is the industry’s comprehensive examination of the carbon fiber producers’ competitive landscape.
Lucintel provides its own scorecard for determining which of these companies is better aligned with future market opportunities and which has the ability to gain additional market share. Using its proprietary research methodology, Lucintel has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’ which identifies leaders and challengers in the carbon fiber market and rates each carbon fiber producer on two primary criteria as shown below:
1. Alignment with market opportunity
2. Ability to gain market share
Ability to gain market share was analyzed using following parameters:
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Product portfolio
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Financial strength
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Asset position
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Execution skill
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Customer experience
Alignment with market opportunity was analyzed using following parameters:
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Target growth markets
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New product development
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Corporate and functional strategy
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Presence within the industry
In addition to the Lucintel Leadership Quadrant, this comprehensive research report also offers for consumers of carbon fiber as well as the investment community content-rich comparative analyses detailing which producers have the production capacity, service capabilities and vision to deliver fully on its promises.