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The global demand for carbon fiber increased by 5.5% in Q2 2021, compared to Q1 2021. Carbon fiber prices increased by about ~13.8% in Q2 2021 compared to Q1 2021, price increase is mainly driven by supply chain disruption caused globally. Airbus and Boeing aircraft deliveries increased by 167% in Q2 2021 as compared Q2 2020 levels. Demand for carbon fiber was driven by growth in aircraft deliveries and increasing demand from automotive industry during Q2 2021. The figure below depicts the change in demand and the price of carbon fiber in the past five quarters.


Quarterly Carbon Fiber Shipment and Price Trends


Source: Lucintel


Figure 1: Global Quarterly Carbon Fiber Shipment and Price Trends


North America

In Q2 2021, the carbon fiber demand in North America increased from Q1 2021, and the demand increased significantly as compared to Q2 2020. Demand for carbon fiber increased as aircraft deliveries remained strong and increased usage of carbon fiber in automotive applications. The primary concern for the composites industry right now is managing the supply chain to access enough raw materials and other critical logistics to capitalize on the immediate demand.

Europe

In Q2 2021, demand for carbon fiber improved slightly in the European market compared to Q1 2021 and the demand is much higher as compared to Q2 2020. Light vehicle sales in Europe increased significantly and grew by 78% in Q2 2021 from Q2 2020. Aircraft deliveries in European region also witnessed very high growth in Q2 2021; it grew by 91% when compared to Q2 2020.

APAC

In Q2 2021, demand for carbon fiber increased as production activities started to operate at higher levels in the automotive, sporting goods, and construction industries, but the damage was caused due to supply shortages and global plant issues; however supply improved in later period of Q2 2021. Enable GingerCannot connect to Ginger Check your internet connection

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The price and demand analysis on above is published monthly for various regions. Lucintel analysts collect supply, demand and price data from various suppliers and consumers on a monthly basis and also analyzes news on supply and demand issues, production, and price trends. This allows Lucintel to publish unbiased assessments on price and demand movements to help you make confident business decisions on your negotiation or business issues.

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