Carbon Fiber Market Report, Overview, Size, Trends, Growth And Forecast 2029

Carbon Fiber Market was valued at US$ 4.13 Bn. in 2021. Global Carbon Fiber Market size is estimated to grow at a CAGR of 8.8% over the forecast period.

Carbon Fiber Market Overview

The report is a clear presentation of the past, current and future conditions of the global Carbon Fiber market. The PORTER and PESTLE helps to understand Carbon Fiber industry through different perspectives including economic, political, etc.

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Carbon Fiber Market Report Scope and Research Methodology

The report covers the Carbon Fiber Market most recent trends. It provides a Carbon Fiber market overview, definition, and structure, along with preventative and pre-planned management. The major focus of the report is on factors that affect the Carbon Fiber Market, such as gross margin, market share, cost, capacity utilization, demand and supply. The report provides the market size and share, which helps in understanding the industry and the estimates provided on upfront data and statistics makes the report a very valuable guide for individuals dealing with decision-making processes in the Carbon Fiber market. The report includes the major market players in the global Carbon Fiber market in terms of their size, market share, revenue, production volume, and profitability. The report includes growth strategies being used by market players, including strategic alliances, and new product innovation, and helps to understand competitor pricing in the Carbon Fiber industry. SWOT analysis was used to present strengths, weaknesses, opportunities and threats in the Carbon Fiber industry.

Carbon Fiber Market Regional Insights

The report has been segmented into many key countries, including market size, CAGR, import and export of Carbon Fiber market in the different countries mentioned in the report. The regions and their countries studied are: North America (U.S., Canada, Mexico),  Europe (UK, Germany, France, Spain, Rest of Europe),  Asia Pacific (China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC), South America (Brazil), Middle East and Africa.

Carbon Fiber Market Segmentation

by Raw Material Type

• PAN–based carbon fiber
• Pitch–based carbon fiber
• Rayon–based carbon fiber

Pitch or polyacrylonitrile (PAN) are the primary raw materials used in the manufacture of carbon fibre. Due to its superior qualities, PAN is projected to be more extensively accepted in a number of applications. In 2026, there will be a need for more than 225 kilotons of PAN, as the market for PAN is expected to have a CGAR of 13.1%.

by Application

• Composite
• Non-Composite

According to Application, it is projected that the composite category will dominate the carbon fibre market. This progress can be linked to the extensive use of carbon fibre in composite materials by industries like wind energy, aerospace & defence, and the automotive.

by End-User

• Aerospace & defense
• Automotive
• Wind Energy
• Electrical & electronics
• Civil Engineering
• Marine

The aircraft industry requires tiny tow fibre, making it a market driver based on end-user.The fabrication of this little tow is used mostly in significant supply chains in Asia for aerospace industry.Airbus's introduction of carbon fibre composite rubber for the A300 and A310 is quickly followed by the use of carbon fibre in commercial aerospace.Due to the market's high composite carbon fibre composition, this kind of innovation has persisted to this day. The automotive sector has gradually increased its use of CF and CFRP and has maintained growth at a compound annual growth rate of 25%; higher growth rates are anticipated in the coming years.

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Carbon Fiber Market Key Players

• Toray Industries Inc. (Japan)
• SGL Group (Germany)
• Hexcel Corporation (U.S.)
• Mitsubishi Rayon Co. Ltd. (Japan)
• Teijin Limited (Japan)
• Plastics Corporation (Taiwan)
• Solvay (Belgium)
• Jiangsu Hengshen Co. Ltd. (China)
• Hyosung (South Korea),
• DowAksa (Turkey).
• BASF SE
• SGL Group
• Teijin Limited
• Mitsubishi Rayon Co., Ltd.
• Hexcel Corporation

Key Questions answered in the Carbon Fiber Market Report are:

• What are the factors driving the Carbon Fiber market growth?
• What are the factors restraining the Carbon Fiber market growth?
• What is the expected Carbon Fiber market size by the end of the forecast period?
• Who are the Carbon Fiber key players in the industry?
• Which region is expected to grow at a high CAGR during the forecast period?
• Which region held the largest Carbon Fiber market share?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

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