The modern-day document posted via Report Ocean, titled “Carbon Fiber Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global carbon fiber market was valued at $2,766 million in 2017, and is anticipated to reach $5,991 million by 2025, growing at a CAGR of 11.7% during the forecast period. In terms of volume, the market is anticipated to reach 197 kilotons by 2025, growing at a CAGR of 14.3%. It is segmented based on raw material, type, form, end-use industry, and geography. The demand for carbon fiber has increased owing to its increased use in wind turbines, automotive, sailing/yacht building, marine, and aerospace & defense industry. Fibers consisting of 92% or greater carbon weight are known as carbon fiber, which offers properties such as light weightiness, elasticity, stiffness, strength, high temperature resistance, high damping properties, and chemical inertness.
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Based on the raw material, the market is bifurcated into pan-based and pitch-based & rayon-based carbon fiber. Pan-based carbon fiber segment is projected to grow at the highest CAGR in the future. Based on the type, the market is divided into continuous, long, and short carbon fibers. Continuous carbon fiber dominated the market in 2017 and is also projected to register the highest growth rate. Aerospace & defense, sports/leisure, wind turbines, molding compounds, automotive, pressure vessels, civil engineering, marine, pultrusion misc., misc. consumer, and sailing/yacht building are the various end-use industries for this market. Aerospace & defense segment was the largest revenue contributor in 2017, whereas the wind turbine segment is projected to witness the highest CAGR. Increased penetration of carbon fiber in the automotive industry and rise in demand for carbon fiber in aerospace & defense sector drive the market growth. However, the growth of carbon fiber market is restricted owing to its high prices & unavailability.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America led the market, both in terms of value & volume, in 2017, due to the presence of major carbon fiber suppliers and manufacturers. It is also projected to register the highest demand for carbon fiber, owing to the increased demand from aerospace & defense, automotive, wind turbine, and sports/leisure industries.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY MARKET BENEFITS
>The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global carbon fiber market to elucidate the prevailing opportunities and the probable investment pockets.
>It offers qualitative trends as well as quantitative analysis from 2017 to 2025 to assist the stakeholders to understand the market scenario.
>A detailed analysis of the key segments demonstrates the consumption of carbon fiber in different applications across various industries.
>Competitive intelligence highlights the business practices, strategies, and developments followed by key business players across the geographies.
The companies profiled in the report are as follows:
>Toray Industries Inc.
>SGL Carbon SE
>Solvay SA
>Cytec Industries Inc.
>Mitsubishi Chemical Holdings Corporation
>Hyosung Corporation
>Teijin Limited
>DowAksa Advanced Composites Holding B.V.
>OJSC “Svetlogorskkhimvolokno”
>Nippon Steel & Sumitomo Metal Corporation
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE THE FOLLOWING:
>Formosa Plastic Corporation
>Bluestar Fiber Company Ltd.
>Zoltek Companies
>Crosby Composites
>Plasan Carbon Composites
KEY MARKET SEGMENTS
BY RAW MATERIAL
>Pan-Based Carbon Fiber
>Pitch-Based & Rayon-Based Carbon Fiber
BY TYPE
>Continuous Carbon Fiber
>Long Carbon Fiber
>Short Carbon Fiber
BY FORM
>Composite
>Non-Composite
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BY END-USER INDUSTRY
>Aerospace & Defense
>Sports/Leisure
>Wind Turbines
>Molding & Compounds
>Automotive
>Pressure Vessels
>Civil Engineering
>Marine
>Pultrusion Misc.
>Misc. Consumer
>Sailing/Yacht Building
>Others (Misc. Energy, Oil & Gas, Medical and Industrial Rollers)
BY GEOGRAPHY
>North America ?U.S.
?Canada
?Mexico
>Europe ?UK
?Germany
?France
?Spain
?Italy
?Rest of Europe
>Asia-Pacific ?China
?Korea
?Japan
?India
?Rest of Asia-Pacific
>LAMEA ?Brazil
?Argentina
?UAE
?Saudi Arabia
?Rest Of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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