Global Carbon Fiber Market size was valued at US$ 3.7 Bn. in 2020 and the total revenue is expected to grow at 8.6 % through 2021 to 2027, the Carbon fiber market is reaching nearly US$ 6.60 Bn in 2027.
Carbon Fiber Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Carbon Fiber Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Carbon Fiber market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Carbon Fiber market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Carbon Fiber Market is included in this report. Carbon Fiber Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Carbon Fiber market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Carbon Fiber Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Carbon Fiber Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Carbon Fiber Market Segmentation:
Based on Raw material, the market is sub-segmented into PAN-based carbon fiber, Pitch-based carbon fiber, and Rayon-based carbon fiber. Polyacrylonitrile (PAN) or pitch is the most common basic ingredient used in carbon fiber production. PAN's exceptional features are expected to increase acceptance in a variety of applications. By 2025, the global PAN market is expected to increase at a CGAR of 12.9 %.
Resulting in demand for more than 200 kilotons. Because of the growing need for carbon fiber with a greater strength-to-weight ratio, PAN precursor is commonly used due to its excellent material qualities. The segment's expansion is likely to be aided by PAN's lower cost when compared to pitch-based carbon fiber. With the cost-effectiveness and higher fiber quality, PAN-based carbon fiber is a highly profitable precursor material type. PAN-based fibers account for roughly 95 % of global carbon fiber revenue, Carbon fiber-based on PAN has a yield of over 85% and is widely utilised in structural material composites in the aerospace and defense, industrial, and sporting goods industries.
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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
Regional Analysis:
The Carbon Fiber market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Carbon Fiber Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Carbon Fiber Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Carbon Fiber market.
Key Questions answered in the Carbon Fiber Market Report are:
- Which product segment grabbed the largest share in the Carbon Fiber market?
- How is the competitive scenario of the Carbon Fiber market?
- Which are the key factors aiding the Carbon Fiber market growth?
- Which region holds the maximum share in the Carbon Fiber market?
- What will be the CAGR of the Carbon Fiber market during the forecast period?
Which application segment emerged as the leading segment in the Carbon Fiber market
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