Global Carbon Fiber Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030

The Global Carbon Fiber Market will be held at USD 5.203 billion in 2020 and is to grow with a CAGR of 10.70% from 2020-2030. Carbon fiber is made up of carbon atoms which are bounded together to make a long chain. The fibers are highly rigid, lightweight and solid in nature. Carbon fiber is used to make superior building materials in many processes. Carbon fiber material comes in various of "raw" building blocks, including uni-directional, yarns, braids, weaves and many others, which are used to create composite pieces of carbon fiber. Carbon fiber consists of carbon atoms bound together to form a long chain that has a diameter of 5-10 m. These carbon atoms form a microscopic crystal that exhibits a high ratio of strength to weight.
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Market Dynamics and Factors :
Growing demand from the automotive and aerospace industries for this product is likely to boost demand for this drug, thus boosting the global carbon fiber market. Rising demand for automobiles coupled with increased need for lightweight vehicles is expected to fuel the global carbon fiber market over the forecast period. The rising demand for fuel-efficient vehicles is anticipated to play a key role during the forecast period along with government regulations regarding automotive emissions. Exceptional mechanical and physical properties such as tensile strength, impact resistance and lightweight in nature make them fuel efficient and durable for use in aerospace & defense, sports, wind turbines, automotive and among others. Owing to growing demand and use of renewable energy, wind turbines are the most lucrative technology for the carbon fiber market.
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Market Segmentation:
Global Aerospace Coating Market – By Raw Material
PAN-Based Carbon Fiber
Pitch-Based
Rayon-Based Carbon Fiber
Global Aerospace Coating Market – By Type
Continuous
Long
Short
Global Aerospace Coating Market – By Form
Composite
Non-Composite
Global Aerospace Coating Market – By End-Use Industry
Aerospace & Defense
Sports/Leisure
Wind Turbines
Molding & Compounds
Automotive
Pressure Vessels
Civil Engineering
Marine, Pultrusion Misc.
Sailing/Yacht
Building
Others
Global Aerospace Coating Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis :
Europe has a massive share for carbon fiber market. Due to the high demand for products with chemical and corrosion resistance, excellent strength and lightweight properties the global carbon fiber market is experiencing the growth. The region's economy is powered by the involvement of the region's major aircraft producers, electric car producers, and offshore wind farms. The country is progressing at a fast pace in the aerospace & defense industry with the successful introduction of the Airbus A320 airplanes and Eurofighter. Europe is home to some of the leading automakers like Fiat, BMW and Bentley. Such vehicle makers use composites of carbon fiber in various structural automotive parts such as bonnets, bumpers, and frontends, hence are one of the key factor in the growth of global carbon fiber market. Offshore wind energy facilities are numerous, particularly in the UK and Germany are also to be considered as one of the main factor boosting the global carbon fiber market.
Competitive Scenario :
The key players of global carbon fiber market are Mitsubishi Chemical Holdings Corporation, Nippon Steel, Zoltek Companies, Inc., Sumitomo Metal Corporation, Holding B.V., Hexcel Corporation, SGL Carbon SE, Solvay SA, Teijin Limited (Teijin), OJSC SvetlogorskKhimvolokno, Toray Industries Inc., Hyosung Corporation., Formosa Plastics, Toho Tenax Co., DowAksa Advanced Composites Crosby Composites, Plasan Carbon Composites, GKN.TenCate, AKSA, Gurit and Mitsubishi Plastics
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Carbon Fiber industry, although key threats, opportunities and disruptive technologies that could shape the Global Carbon Fiber Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Carbon Fiber Market most.
The data analysis present in the Global Carbon Fiber Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Carbon Fiber Market business.
The 2021 Annual Global Carbon Fiber Market offers:
100+ charts exploring and analysing the Global Carbon Fiber Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Carbon Fiber Market type
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