Carbon Fiber Market Research Report: Market Overview With Geographical Segmentation By Revenue With Forecast 2028

September 8, 2021

Business owners/stakeholders can chalk-out expansion plan by leveraging statistics on market share, size, sale volume, growth rate and return over-invest discussed in the study.The global carbon fiber market size is expected to reach USD 12.93 Billion and register a robust revenue CAGR of 10.8% during the forecast period, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising demand for carbon fiber from aerospace and defense sector as well as from automotive, marine, and sports industries and sectors. Carbon fibers are strong and highly durable to stress, which makes the material highly dependable for a variety of critical and simple applications and products. Aircraft operating in aviation and defense sectors require strength and need to be light weight to function efficiently.

The advantages and benefits associated with carbon fiber such as high tensile strength, lightweight, high stress resistance, corrosion resistance, and flexibility makes the material ideal for manufacturing of high end aircraft and related parts and components. High demand for next generation single-aisle aircrafts is another factor driving steady growth of the market. High end automobile manufacturers such as Bentley and BMW use carbon fibers in exterior components such as bumpers, bonnets, and front ends of vehicles. New technological advancements in the field of carbon fiber is also propelling market growth due to adoption of this material in an expanding range of applications and areas.

Besides, an extensive usage of hydrogen fuel in the automotive industry and growing practice of electrification in various sectors with the help of hydrogen energy has been the direct propelling factor behind the immense demand for this market. Hydrogen is expected to become a game-changer in energy sector if its low-carbon form (green or blue hydrogen) is widespread by reducing the challenges it is facing.

Key Highlights From The Report

In January 2019, Bombardier Aerostructures and Engineering Services entered into an agreement with Teijin. The purpose of this agreement was to acquire TENAX carbon fiber material from Bombardier Aerostuctures and Engineering Services.

Europe accounted for largest revenue share contribution to the global market in 2024, which is expected to increase significantly during the forecast period. This can be attributed to presence of high end automobile manufacturers as well as major aircraft manufacturers in countries in the region.

The aerospace and defense segment accounted for largest revenue share in 2024. This growth can be attributed to wide usage of carbon fibers in aviation and defense sector owing to lightweight and high strength properties, which in turn increases fuel efficiency and maneuverability of aircraft in flight. Moreover, key players such as Airbus and Boeing have started using carbon fiber composites to build aircraft bodies.

Major companies operating in Carbon Fiber are Toray Industries Inc., SGL Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Teijin Limited, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co. Ltd., Hyosung, and DowAksa.

You Can Download Free Sample PDF Copy Carbon Fiber Market of at https://www.emergenresearch.com/request-sample/723

The study dives deep into the profiles of top market players and their key financials. This comprehensive report is not only for business analysts and any existing and new entrant can use it when designing their business strategies. The research is one of its kind global analyses of aspects such as import and export status, supply chain management, profit and gross margin worldwide for the forecast period 2024 – 2028. Extensive coverage of statistics associated with recent events including acquisition and mergers and strengths and weaknesses of a company forms an important part of the study on the Carbon Fiber Market.

Market Segmentation

Raw Material Outlook (Revenue, USD Billion; 2018–2028)

PAN–based carbon fiber

Pitch–based carbon fiber

Rayon–based carbon fiber

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Continuous carbon fiber

Long carbon fiber

Short carbon fiber

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Aerospace & defense

Automotive

Wind Energy

Sporting goods

Electrical & electronics

Civil Engineering

Pipe & Tank

Marine

Others (medical, oil & gas, 3D printing, high speed & metro train, hydrogen gas storage, electrode for batteries)

Regional Outlook (Revenue, USD Billion; 2018–2028) Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Competitive Landscape

Carbon Fiber are Toray Industries Inc.,

SGL Group,

Hexcel Corporation,

Mitsubishi Rayon Co. Ltd.,

Teijin Limited,

Formosa Plastics Corporation,

Solvay,

Jiangsu Hengshen Co. Ltd.,

Hyosung, and

DowAksa.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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