Market Forecast By Raw Material Types (PAN–based carbon fiber, Pitch–based carbon fiber, Rayon–based carbon fiber), By Product Types (Continuous carbon fiber, Long carbon fiber, Short carbon fiber), By Form Types (Composite carbon fiber, Non-Composite carbon fiber), By Applications (Automotive, Aerospace & Defense, Wind Turbines, Sports equipment, Molding & Compounding, Construction, Pressure vessels, Others) And Competitive Landscape
Product Code: ETC009432 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Egypt Carbon Fiber market currently, in 2023, has witnessed an HHI of 4750, 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.
Report Name | Egypt Carbon Fiber Market |
Forecast Period | 2025-2031 |
CAGR | 5.9% |
Growing Sector | Automotive |
Egypt Carbon Fiber Market report thoroughly covers the market by raw material types, by product types, by form types, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Carbon fibers are a strong and lightweight material made from carbon atoms bonded together in crystals. They have many industrial applications, including aerospace, automotive, construction, and sports equipment. The market for carbon fiber in Egypt has been steadily growing in recent years due to the increasing demand for high-performance materials. The rising development of hybrid composites, which combine carbon fibers with other materials to create a stronger and more cost-effective solution for various applications. This trend is offering a way to reduce production costs and improve performance.
According to 6Wresearch, the Egypt Carbon Fiber Market size is estimated to reach at a CAGR of 5.9% during the forecast period 2025-2031. One of the main drivers of growth in the Egypt carbon fiber market is the increasing demand for lightweight materials in various industries. Carbon fibers are known for their high strength-to-weight ratio, making them an ideal choice for applications where weight reduction is crucial, such as in the aerospace and automotive sectors. In addition to this, the growing focus on renewable energy sources has also contributed to the demand for carbon fiber in Egypt. The country has been investing in wind and solar energy projects, which require lightweight and durable materials for their components. The Egypt carbon fiber market is witnessing some notable trends that are expected to shape its growth in the coming years. One of these trends is the increasing use of carbon fiber in the construction industry. With its lightweight and high strength properties, carbon fiber is being used in infrastructure projects such as bridges and buildings.
The Egyptian government has implemented several initiatives designed to bolster the growth of the carbon fiber industry within its borders. These efforts include offering tax incentives to companies investing in advanced manufacturing technologies and carbon fiber production. Additionally, the government has launched programs aimed at promoting research and development in the materials sector, aiming to foster innovation and entice foreign investment.
The carbon fiber market in Egypt is supported by a mixture of local and international companies. Key players include SGL Carbon, Toray Industries, and Teijin Limited, which have established a presence through partnerships, mergers, and direct investments.
The Egypt carbon fiber industry is poised to expand as demands in industries like automotive, aerospace, and renewable energy increase. Experts anticipate that local production capabilities will grow, driven by government backing and global partnerships. Sustainable production methods are expected to become a focal point, with further advances in recycling and the reduction of carbon footprints taking center stage to ensure the long-term viability of the industry.
According to Dhaval, Research Manager, 6Wresearch, the PAN-based carbon fiber segment is dominating the Egypt Carbon Fiber Market share due to its high demand across several industries and its cost-effectiveness compared to other types of carbon fibers.
Based on the application, the automotive sector is witnessing a massive growth in the market. As the rising need for fuel-efficient vehicles, carbon fiber use in automotive manufacturing is gaining traction due to the material's exceptional strength-to-weight ratio, which meaningly reduces vehicle weight and enhances fuel economy.
The report offers a comprehensive study of the subsequent market segments:
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 Egypt Carbon Fiber Market Overview |
3.1 Egypt Country Macro Economic Indicators |
3.2 Egypt Carbon Fiber Market Revenues & Volume, 2021& 2031F |
3.3 Egypt Carbon Fiber Market - Industry Life Cycle |
3.4 Egypt Carbon Fiber Market - Porter's Five Forces |
3.5 Egypt Carbon Fiber Market Revenues & Volume Share, By Raw Material Types, 2021 & 2031F |
3.6 Egypt Carbon Fiber Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Egypt Carbon Fiber Market Revenues & Volume Share, By Form Types, 2021 & 2031F |
3.8 Egypt Carbon Fiber Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Egypt Carbon Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Egypt Carbon Fiber Market Trends |
6 Egypt Carbon Fiber Market, By Types |
6.1 Egypt Carbon Fiber Market, By Raw Material Types |
6.1.1 Overview and Analysis |
6.1.2 Egypt Carbon Fiber Market Revenues & Volume, By Raw Material Types, 2021 - 2031F |
6.1.3 Egypt Carbon Fiber Market Revenues & Volume, By PAN?based carbon fiber, 2021 - 2031F |
6.1.4 Egypt Carbon Fiber Market Revenues & Volume, By Pitch?based carbon fiber, 2021 - 2031F |
6.1.5 Egypt Carbon Fiber Market Revenues & Volume, By Rayon?based carbon fiber, 2021 - 2031F |
6.2 Egypt Carbon Fiber Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Egypt Carbon Fiber Market Revenues & Volume, By Continuous carbon fiber, 2021 - 2031F |
6.2.3 Egypt Carbon Fiber Market Revenues & Volume, By Long carbon fiber, 2021 - 2031F |
6.2.4 Egypt Carbon Fiber Market Revenues & Volume, By Short carbon fiber, 2021 - 2031F |
6.3 Egypt Carbon Fiber Market, By Form Types |
6.3.1 Overview and Analysis |
6.3.2 Egypt Carbon Fiber Market Revenues & Volume, By Composite carbon fiber, 2021 - 2031F |
6.3.3 Egypt Carbon Fiber Market Revenues & Volume, By Non-Composite carbon fiber, 2021 - 2031F |
6.4 Egypt Carbon Fiber Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Egypt Carbon Fiber Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.3 Egypt Carbon Fiber Market Revenues & Volume, By Aerospace & Defense, 2021 - 2031F |
6.4.4 Egypt Carbon Fiber Market Revenues & Volume, By Wind Turbines, 2021 - 2031F |
6.4.5 Egypt Carbon Fiber Market Revenues & Volume, By Sports equipment, 2021 - 2031F |
6.4.6 Egypt Carbon Fiber Market Revenues & Volume, By Molding & Compounding, 2021 - 2031F |
6.4.7 Egypt Carbon Fiber Market Revenues & Volume, By Construction, 2021 - 2031F |
6.4.8 Egypt Carbon Fiber Market Revenues & Volume, By Others, 2021 - 2031F |
6.4.9 Egypt Carbon Fiber Market Revenues & Volume, By Others, 2021 - 2031F |
7 Egypt Carbon Fiber Market Import-Export Trade Statistics |
7.1 Egypt Carbon Fiber Market Export to Major Countries |
7.2 Egypt Carbon Fiber Market Imports from Major Countries |
8 Egypt Carbon Fiber Market Key Performance Indicators |
9 Egypt Carbon Fiber Market - Opportunity Assessment |
9.1 Egypt Carbon Fiber Market Opportunity Assessment, By Raw Material Types, 2021 & 2031F |
9.2 Egypt Carbon Fiber Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Egypt Carbon Fiber Market Opportunity Assessment, By Form Types, 2021 & 2031F |
9.4 Egypt Carbon Fiber Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Egypt Carbon Fiber Market - Competitive Landscape |
10.1 Egypt Carbon Fiber Market Revenue Share, By Companies, 2024 |
10.2 Egypt Carbon Fiber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |