Carbon Fiber Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 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 Global Carbon Fiber Market Report offers extensive knowledge and information about the Carbon Fiber Market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Carbon Fiber Market further validated and verified by the industry experts and professionals. The Global Carbon Fiber Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Carbon Fiber Market in each key region of the world.

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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Market Scope:

One of the report’s central components is the broad Carbon Fiber market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Carbon Fiber market players.

Market Dynamics:

The report offers insightful information about the market dynamics of the Carbon Fiber market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Carbon Fiber market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Carbon Fiber market.

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Key Highlights From 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 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.
The aerospace and defense segment accounted for largest revenue share in 2020. 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.

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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
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)