Carbon Fiber Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2028
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.
The report takes a closer look at the historical and current market scenarios to accurately predict the global Carbon Fiber market outlook over the forecast duration (2019-2027). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Carbon Fiber market.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Carbon Fiber business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Carbon Fiber market growth assessed on both regional and global levels.
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 2020, 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.
Regional Analysis of the Carbon Fiber Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The Carbon Fiber Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.
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.
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For this report, Emergen Research has segmented the global carbon fiber market based on raw material, product type, end use, and region.
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
Electrical & electronics
Pipe & Tank
Others (medical, oil & gas, 3D printing, high speed & metro train, hydrogen gas storage, electrode for batteries)
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Key Questions Answered in the Report:
What is the growth rate of the Carbon Fiber market? What is the anticipated market valuation of Carbon Fiber industry by 2027?
What are the key growth driving and restraining factors of the Carbon Fiber market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Carbon Fiber industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Overview of the Carbon Fiber Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Carbon Fiber industry
The Carbon Fiber Market Research Report published by emergenresearch has been formulated by analysis of key business details and extensive geographical spread of the Carbon Fiber industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Carbon Fiber market along with crucial statistical data about the Carbon Fiber market.
The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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