Carbon Fiber Market is anticipated to grow at a CAGR of 6.8% during 2022-2028

March 10 01:51 2023
Carbon Fiber Market is anticipated to grow at a CAGR of 6.8% during 2022-2028
Trends and Forecast for the Global Carbon Fiber Market
Trends, opportunities, and forecast in the global carbon fiber market to 2028 by end use (aerospace, industrial, and sporting goods), precursor type (PAN based and Pitch based), tow size (small tow (24k)), modulus (standard modulus, intermediate modulus, and high modulus), and region (North America, Europe, and the Rest of the World)

The global carbon fiber market is projected to reach $5.3 billion by 2028, at a CAGR of 6.8% during 2022-2028. The growth of carbon fiber market is driven by growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the carbon fiber market by end use (aerospace, industrial, and sporting goods), precursor type (PAN based and Pitch based based), tow size (small tow (<=24k) and large tow(>24k)), modulus (standard modulus, intermediate modulus, and high modulus), and region (North America, Europe, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the carbon fiber market?

Q.4 What are some changing demands of customers in the carbon fiber market?

Q.5 What are the new developments in the carbon fiber market? Which comPAN basedies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this carbon fiber area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this carbon fiber market?

 

Emerging trends, which have a direct impact on the dynamics of the industry, include production of low cost carbon fiber, joint ventures of carbon fiber manufactures with OEMs and part fabricators, and growing initiatives for recycling of carbon fiber.

Download Brochure of this report by clicking on https://www.lucintel.com/carbon-fiber-market.aspx

Market Segmentation:

Based on precursor type, the carbon fiber market is segmented into PAN based and pitch based. The PAN based segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its wide application area in transportation, aerospace/defense, and wind energy industries.

North America is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period due to demand from the industries of aerospace, automotive, and wind energy.

Key Players in the carbon fiber market are Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber , Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

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