The research study conducted by Report Ocean on the “ Carbon Fiber Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Carbon Fiber Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2023-2030. Carbon fiber is made of atoms of carbon with a diameter ranging from 5 to 10 micrometers. It also comes by the name graphite fibre. These fibres have stronger chemical resistance, higher strength-to-weight ratio, lower thermal expansion, higher tensile strength, and higher high-temperature tolerance. These characteristics of the carbon-based fibres make them the material of choice for applications in the fields of aerospace, automotive, defense, building, wind turbines, and sports. The demand for lightweight vehicles and automobiles is expected to expand, which would propel the market for carbon fibre. Key elements influencing the market outlook include the rising demand for fuel-efficient automobiles and stringent regulatory rules addressing carbon emissions. Also, growing demand for high-performance carbon fiber in aerospace & defense is anticipated to support the market growth.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw7333
Moreover, the rising demand for electric vehicles is indeed supporting the growth of the carbon fiber market. Carbon fiber is a lightweight material that has a high strength-to-weight ratio, making it an ideal material for use in electric vehicles. By using carbon fiber components in electric vehicles, manufacturers can reduce the weight of the vehicle, which can help to improve its energy efficiency and range. According to International Energy Agency (IEA), in 2020, the number of electric vehicles sold in the United States was 295000 and the number increased significantly and reached 631000 in 2021. As a result, the rising demand for EVs is anticipated to propel the market growth. Additionally, rising application of carbon fiber in wind turbines and increase in the use of carbon fiber in medical industry is anticipated to create a lucrative opportunity for the market during the forecast period. However, the high cost of Carbon Fiber stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Carbon Fiber Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the presence of a wide base of electric car manufacturers, increasing demand for lightweight and fuel-efficient vehicles, and growth of the aerospace & defense industry in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing urbanization and rising public investment in infrastructure. Market expansion will be driven by the expanding usage of construction composites in China and India while constructing homes, bridges, and tunnels. A significant market opportunity for product adoption in the construction industry has been established by the presence of top building companies throughout Asia and the Pacific. The need for products in the region is also being driven by the growing investment in the aviation, aerospace, defense, and renewable energy industries.
Major market players included in this report are:
Toray Industries, Inc. (Japan)
Solvay (Belgium)
Nippon Graphite Fiber Co., Ltd. (Japan)
TEIJIN LIMITED (Japan)
Hexcel Corporation (U.S.)
ZOLTEK Corporation (U.S.)
HYOSUNG ADVANCED MATERIALS (South Korea)
Advanced Composites Inc. (U.S.)
Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S.)
Formosa M Co., Ltd. (South Korea)
Recent Developments in the Market:
In February 2021, Teijin Limited launched the brands of carbon fibre intermediate materials known as Tenax BM (beam series) and Tenax PW (power series) for use in sports equipment. Due to its outstanding toughness and durability, this launch will aid the business in maximising power.
Global Carbon Fiber Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Raw Material, Type, Form, End-Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
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 carbon fiber
Non-Composite carbon fiber
By End-Use Industry:
Aerospace & Defense
Sports/Leisure
Wind Turbines
Molding & Compounds
Automotive
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
Request full Report
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.