According to the recent study the global carbon fiber market is projected to reach an estimated $4 billion by 2031 with a CAGR of 5% from 2024 to 2031. 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 global 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.
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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 Chemical Corporation, Syensqo, SGL Carbon,
Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung, Nippon Graphite
Fiber Corporation 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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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