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 and Pitch 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).
Download sample report
and view detailed Table of Content by clicking on below link https://www.lucintel.com/carbon-fiber-market.aspx
“Pan market is expected to remain the largest segment during the
forecast period.”
Based on precursor type,
the carbon fiber market is segmented into pan and pitch. Lucintel forecasts
that the pan 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 increasing demand for high performance lightweight
materials in the automotive industry and growing demand for carbon composites in
wind turbine with the increasing length of wind blades are driving market
growth over the forecast period.
“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,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand 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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