The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Carbon Fiber In Sports Equipment Market Overview
The Global Carbon Fibre in Sports Equipment Market is expected to be USD 247.45 million in 2021 and USD 479.65 million by 2030, at a CAGR of 6.8% from 2023 to 2030.
The Global Carbon Fiber in Sports Equipment Market is expected to witness significant growth in the next few years. Carbon fiber is a lightweight polymer made up of carbon atoms and it is five times stronger than steel and twice stiff. Owing to its lightweight and incomparable strength it is very popular in aerospace, military, automotive, and sports equipment. In addition, sporting equipment such as golf shafts, tennis racquets, and carbon fiber bicycles are made up of carbon fiber. Therefore, technological advancement in the sporting goods industry is expected to boost the growth of the Global Carbon Fiber in the Sports Equipment Market in the forthcoming years.
In recent years, there has been remarkable activity in the market of watersports, particularly in the area of paddleboard fins. Many companies have started coming up with inventive composite designs, they designed new fin products aimed at reducing landfill waste. Hence, the increasing participation in watersports is projected to fuel the growth of Carbon Fiber in the Sports Equipment Market in the coming years.
However, the availability of substitutes and counterfeit products is projected to hamper the growth of market in the coming years.
Carbon Fiber In Sports Equipment Market Segment Overview
The carbon fibers used in the manufacturing of golf club shafts are primarily preferred due to their better swing and overall balance of the golf clubs. This key factor significantly contributing to the overall development of the Carbon Fiber In Sports Equipment Market in the forecast period.
In addition, both PAN and pitch can be made into precursor fibers. Pitch is usually more costly, as it is more difficult to make a fiber with it than PAN. Pitch is usually stiffer than PAN fibers. PAN is usually cheaper due to the wider variety of carbon fibers made from it. Hence, due to all these super properties of PAN, it is expected that this segment has significant growth in the market.
Additionally, vendor competition is expected to strengthen in the future in most of the developed countries, which would result in more consumption of carbon fibers in sports equipment and lowering of prices. This crucial factor contributing remarkably to the growth of carbon fiber in the sports equipment market in the forthcoming years.
Carbon Fiber In Sports Equipment Market, By Sports Type
· Golf
· Racquet Sports
· Snowboarding & Skiing
· Cycling
· Hockey
· Others
Carbon Fiber In Sports Equipment Market, By Carbon Type
· PAN-based
· Pitch-based
Carbon Fiber In Sports Equipment Market, By Distribution Channel
· Specialty Stores
· Supermarkets/Hypermarkets
· Online
Carbon Fiber In Sports Equipment Market Regional Overview
In terms of region, Asia Pacific is anticipated to dominate the market for carbon fiber in sports equipment during the forecast period. Factors such as availability of labor at a low cost, growing manufacturing industry, and increasing popularity of various sports such as golf, tennis, and badminton are expected to propel the growth of market in this region. Similarly, Europe is also anticipated to be a potential market for carbon fiber in sports equipment owing to high demand for bicycles in Sweden, Norway, and The Netherlands.
Carbon Fiber In Sports Equipment Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Carbon Fiber In Sports Equipment Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Carbon Fiber In Sports Equipment are highlighted below.
· In June 2021, Researchers at UL’s Bernal Institute have produced carbon fibre from waste bio-resources, paving the way in sustainable material production. This technology drastically reduces energy usage and carbon emissions during production, as well as the cost of carbon fibers.
Carbon Fiber In Sports Equipment Market, Key Players
· Hexcel
· SGL Group
· TEIJIN
· Toray Industries
· Cytec Solvay Group
· DowAksa
· Reliance Industries
· Nippon Graphite Fiber
· Taekwang Industrial
· Weihei Tuozhan Fiber
· ZOLTEK Carbon Fiber
· Zhongfu Shenying Carbon Fiber
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Sports Type
- 5.2.1. Golf
- 5.2.2. Racquet Sports
- 5.2.3. Snowboarding & Skiing
- 5.2.4. Cycling
- 5.2.5. Hockey
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Carbon Type
- 5.3.1. PAN-based
- 5.3.2. Pitch-based
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Specialty Stores
- 5.4.2. Supermarkets/Hypermarkets
- 5.4.3. Online
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Sports Type
- 6.2.1. Golf
- 6.2.2. Racquet Sports
- 6.2.3. Snowboarding & Skiing
- 6.2.4. Cycling
- 6.2.5. Hockey
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Carbon Type
- 6.3.1. PAN-based
- 6.3.2. Pitch-based
- 6.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.4.1. Specialty Stores
- 6.4.2. Supermarkets/Hypermarkets
- 6.4.3. Online
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Sports Type
- 7.2.1. Arthroscopy Implants
- 7.2.2. Golf
- 7.2.3. Racquet Sports
- 7.2.4. Snowboarding & Skiing
- 7.2.5. Cycling
- 7.2.6. Hockey
- 7.2.7. Others
- 7.3. Market Analysis, Insights and Forecast – By Carbon Type
- 7.3.1. PAN-based
- 7.3.2. Pitch-based
- 7.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.4.1. Specialty Stores
- 7.4.2. Supermarkets/Hypermarkets
- 7.4.3. Online
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Sports Type
- 8.2.1. Golf
- 8.2.2. Racquet Sports
- 8.2.3. Snowboarding & Skiing
- 8.2.4. Cycling
- 8.2.5. Hockey
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Carbon Type
- 8.3.1. PAN-based
- 8.3.2. Pitch-based
- 8.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.4.1. Specialty Stores
- 8.4.2. Supermarkets/Hypermarkets
- 8.4.3. Online
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Sports Type
- 9.2.1. Golf
- 9.2.2. Racquet Sports
- 9.2.3. Snowboarding & Skiing
- 9.2.4. Cycling
- 9.2.5. Hockey
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Carbon Type
- 9.3.1. PAN-based
- 9.3.2. Pitch-based
- 9.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.4.1. Specialty Stores
- 9.4.2. Supermarkets/Hypermarkets
- 9.4.3. Online
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Carbon Fiber In Sports Equipment Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Sports Type
- 10.2.1. Golf
- 10.2.2. Racquet Sports
- 10.2.3. Snowboarding & Skiing
- 10.2.4. Cycling
- 10.2.5. Hockey
- 10.2.6. Others
- 10.3. Market Analysis, Insights and Forecast – By Carbon Type
- 10.3.1. PAN-based
- 10.3.2. Pitch-based
- 10.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 10.4.1. Specialty Stores
- 10.4.2. Supermarkets/Hypermarkets
- 10.4.3. Online
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Hexcel
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. SGL Group
- 11.6. TEIJIN
- 11.7. Toray Industries
- 11.8. Cytec Solvay Group
- 11.9. DowAksa
- 11.10. Reliance Industries
- 11.11. Nippon Graphite Fiber
- 11.12. Taekwang Industrial
- 11.13. Weihei Tuozhan Fiber
- 11.14. ZOLTEK Carbon Fiber
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
