The global demand for Carbon Fiber Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Carbon Fiber, nicknamed the superman of materials, is a 5-10 micrometer thick fiber composed mostly of carbon atoms. Carbon fiber considered five times stronger than steel and is very lightweight. It is made from plant parts like corn stalks and wheat straw. Carbon fiber has striking characteristics like high stiffness, less flammable, high tensile strength, recyclable, low weight, high chemical resistance, rigid, high-temperature tolerance, and low thermal expansion. They are used in a wide gamut of applications like golf clubs, wind turbine blades, defense, pipes, race cars,3D printing, and building construction. The size of the fiber is dependent mainly on the end-use of the customers.
Growing demand for eco-friendly solutions in the automotive industry is the main driver for the growth of the Carbon Fiber market. Increased awareness and the use of a composite form of the fiber in a wide gamut of industries will further propel the market growth. The use of carbon fiber in lucrative sectors like race cars and avionics due to its distinct characteristics like lightweight and strength will be a market booster. Rapid urbanization and expanding the use of carbon fiber in 3D printing will stimulate market growth. The factor that may impact this market's growth is the high cost associated with the manufacture of carbon fiber.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of carbon fiber.
The entire carbon fiber market has been sub-categorized into raw material, product type, fiber type, modulus, application and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Raw Material
By Product Type
- PAN–Based Carbon Fiber
- Pitch–Based Carbon Fiber
- Rayon–Based Carbon Fiber
By Fiber Type
- Continuous Carbon Fiber
- Long Carbon Fiber
- Short Carbon Fiber
- Virgin Carbon Fiber
- Recycled Carbon Fiber
By End-Use Industry
- Standard Modulus
- Intermediate Modulus
- High Modulus
- Aerospace & Defense
- Wind Energy
- Sporting Goods
- Electrical & Electronics
- Civil Engineering
- Pipe & Tank
This section covers regional segmentation which accentuates on current and future demand for carbon fiber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Carbon Fiber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carbon fiber market include Toray Industries Inc., SGL Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Teijin Limited, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co. Ltd., Hyosung, DowAksa. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.