Carbon Fiber Market Size, Emerging Technologies Forecast 2030

 

Carbon Fiber Market Overview:

Carbon fiber Market is a high-strength, lightweight material made from carbon fibers. It is known for its high strength-to-weight ratio and high stiffness, making it ideal for use in applications where weight reduction and high-strength are critical factors. Carbon fiber is made by heating and treating carbon-based materials, such as polyacrylonitrile (PAN), pitch, or rayon, in a high-temperature process that turns the material into a fiber.

The Carbon Fiber Market was analyzed which was worth USD 3.9 Billion in the year 2021, expecting a CAGR of 8.71% during the forecast period (2022-2030), and the market is projected to be valued at USD 8.27 Billion by 2030.

The carbon fiber market is growing rapidly, driven by the increasing demand for lightweight and high-strength materials in various industries, including aerospace, automotive, and construction. The market is expected to continue to grow in the coming years, as the demand for carbon fiber in these industries continues to increase.

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Carbon fiber is also used in the construction industry, where it is used in the manufacturing of lightweight, high-strength building materials. In the sporting goods industry, carbon fiber is used in the manufacturing of high-performance equipment, such as golf clubs, fishing rods, and bicycles, due to its combination of high strength and low weight.

Carbon Fiber Market Includes Key Players:

·        SGL Group

·        Mitsubishi Rayon Co. Ltd.

·        Toray Industries Inc.

·        Hexcel Corporation.

·        Teijin Limited, Plastics Corporation

·        Hexcel Corporation

·        Solvay

·        Hyosung

·        DowAksa

·        Jiangsu Hengshen Co. Ltd.

·        BASF SE

·        SGL Group

·        Mitsubishi Rayon Co., Ltd.

·        Teijin Limited

The Carbon Fiber Market is segmented into various Product, Purchase, Platform, End User including Sub segments such as:

·        By Raw Material Type: PAN–based carbon fiber, Pitch–based carbon fiber, Rayon–based carbon fiber

·        By Fiber Type: Virgin carbon fiber, Recycled carbon fiber

·        By Application: Composite, Non-Composite

·        By Modulus Type: Standard Modulus, Intermediate modulus, High modulus

·        By Tow: Large Tow, Small Tow

·        By End User: Aviation, Aerospace & Defense, Automotive, Wind Turbines, Sports & Leisure, Construction, Others

·        By Geography: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa

Carbon fiber market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the largest Carbon Fiber Market Size, due to the growing demand for carbon fiber in industries such as aerospace and automotive, as well as the presence of major manufacturers in the region. North America and Europe are also significant markets for carbon fiber, driven by the demand for carbon fiber in the aerospace and automotive industries.

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