According to the recent study the carbon fiber market is projected to reach an estimated $5.3 billion by 2028 from $3.6 billion in 2022, at a CAGR of 6.8% from 2022 to 2028. Growth in this market is primarily driven by growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.
Browse 119 figures /
charts and 113 tables in this 306 -page report to understand trends,
opportunities and forecast in carbon fiber market by end use (aerospace,
industrial, and sporting goods), precursor type (PAN BASED 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).
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and view detailed Table of Content by clicking on below link https://www.lucintel.com/carbon-fiber-market.aspx
“PAN based market is expected to remain the largest segment during
the forecast period.”
Based on precursor type,
the carbon fiber market is segmented into PAN based and pitch based. Lucintel
forecasts that the PAN based market is expected to remain the largest segment
end use industry and it is also expected to witness the highest growth due to its
wide application area in transportation, aerospace/defense, and wind energy
industries.
“Within the carbon fiber market, the industrial segment is
expected to remain the largest end use industry.”
Based on end use
industry, the industrial segment is expected to witness the highest growth over
the forecast period due to its wide application area in transportation,
aerospace/defense, and wind energy industries.
“North America will dominate the carbon fiber market in near
future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/carbon-fiber-market.aspx.
Major players of carbon
fiber market are adopting various growth strategies like new product launches,
exPAN basedsions, merger and acquisitions, partnerships, agreements, and
collaborations to exPAN basedd their presence in this market. 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.
are among the major carbon fiber providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/carbon-fiber-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years.
We are quoted in several publications like the Wall Street Journal, ZACKS, and
the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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