According to the recent study the carbon fiber market is projected to reach an estimated $5 billion by 2030 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy expansion, and growing applications in sports and leisure sectors. Carbon fiber is widely used in industries such as automotive, aerospace, wind energy, sports equipment, construction, and marine, among others. The major drivers for market growth are 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).
Lucintel forecasts that
industrial will remain the largest end use segment and aerospace is expected to
witness highest growth over the forecast period.
PAN based carbon fiber
will remain the largest segment and pitch based is expected to witness the
highest growth over the forecast period.
Download sample by
clicking on carbon fiber market.
APAC 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.
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 the major suppliers in the carbon
fiber market.
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 write us at 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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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