The Global Carbon Fiber Market projected to grow at a CAGR of 11.10% during the forecast period of 2019 to 2026.
Carbon Fiber is a black, smooth, and light-weighted textile fibers, it is specially used due to its lightness and strength at high temperature for reinforcing resins, ceramics, and metals, mainly in turbine blades and for fishing rods. It has its wide application in Aerospace & Defense, Wind Energy, Automotive, and others. Increase in demand for fuel-efficient vehicles may act as the major driver in the growth of carbon fiber market.
Major Key players profiled in this report are:
TORAY INDUSTRIES, INC., TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, SGL Group, Formosa Plastics Corporation, Hexcel Corporation, DSK Hyosung Pvt. Ltd., Koninklijke Ten Cate bv., DowAksa, Cytec Solvay Group, TAEKWANG INDUSTRIAL CO.,LTD., Gurit, Plasan Carbon Composites, SK chemicals, Nippon Graphite Fiber Co., Ltd., kemrock, Park Electrochemical Corp, BGF Industries, Inc., Oyster Technology, Crosby Composites, DSM, Aeron Composite Pvt. Ltd., ZhongAo Carbon, Sigmatex Ltd, Holding company “Composite, and others.
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Major Market Drivers:
- Increase in the use of carbon fiber and carbon fiber reinforced plastics in boeing and airbus aircraft
- Increase in demand for fuel-efficient vehicles
- Focus on production of electricity from renewable sources
- High cost of carbon fiber composites
- Insufficient production capacity
This market report offers definite advanced perspectives on the major just as minor factors that may boom up or confine the market development. The report gives investigative information that can change the aggressive elements in the market and will likewise give a provincial division of the general market on a worldwide dimension. The market report uses a top to bottom approach to comprehend the market development. The report gives in-detail information to comprehend the significant market portions that help in settling on business choices based on generation, request, and offers of the item.
The global carbon fiber market is segmented on the basis of material type into polyacrylonitrile (Pan-Based) carbon fibers, pitch-based carbon fiber, and rayon-based carbon fiber. The polyacrylonitrile (Pan-Based) carbon fibers segment is sub segmented into pan-based carbon fiber.
On the basis of manufacturing process, the global carbon fiber market is segmented into lay-up process, compression molding process, resin transfer molding process, filament winding process, injection molding process, pultrusion process, and others.
On the basis of resin type, the global carbon fiber market is segmented into thermosetting CFRP, and thermoplastic CFRP. The thermosetting CFRP segment is sub segmented into epoxy, polyester, vinyl ester, and others
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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The global Carbon fiber market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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