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Global Carbon Fiber Market 2021 is expected to register a CAGR of 13.45%, during forecast period with Impact of Covid 19 Analysis

Carbon

Global “Carbon Fiber Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Carbon Fiber in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Carbon Fiber Market report categorizes the market based on manufacturers, regions, type, and application. Carbon Fiber Market reports offer a detailed assessment of the Carbon Fiber including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Carbon Fiber market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The carbon fiber market was valued at USD 2,859.26 million in 2017 and is expected to reach USD 6,096.95 million by 2023, registering a CAGR of 13.45% during the forecast period (2018 – 2023). The major market drivers for carbon fiber market are growing demand in the retail sporting goods market, emerging wind energy applications, and increasing demand in the aerospace industry. Increasing automotive demand, along with the rising need for lightweight vehicles, is expected to drive the market demand during the forecast period.

Soaring Demand for Fuel-efficient and Lightweight Vehicles

The increase in overall need for fuel-efficient vehicles, along with government regulations regarding automotive pollution, is anticipated to play a key role in driving the market. In the United States, the government has increased the fuel efficiency requirements for new automobiles to 54.5 miles per gallon by 2025 for the United States market, therefore, companies have started using materials such as carbon fiber to make vehicles lightweight and fuel-efficient. Carbon fiber is replacing metal in many automotive applications due to its light weight, which contributes to lesser fuel consumption. Automotive manufacturers such as BMW, Mercedes-Benz, McLaren, Chevrolet, and Lamborghini, among several others, have committed themselves to increasing the usage of carbon fiber in their vehicles as they contribute to reduction in weight.

Aerospace – The Fastest Growing Segment by Usage

The growing aerospace industry in North America and Europe is anticipated to fuel demand in the carbon fiber market. Increasing demand for commercial aviation on account of increased disposable income and globalization plays a key role in driving the growth across the aerospace industry. The rapidly growing aviation industry is further expected to expand the application of carbon fiber in the air transport sector. Aircraft manufacturers, such as Boeing and Airbus, are utilizing carbon fibers in the manufacturing of aircrafts and aircraft parts, which, in turn, is aiding in reducing the weight of aircrafts by approximately 50%. The increased penetration of carbon fiber in the automotive industry and defense sector will also drive the market growth.

North America to Dominate the Market

North America is expected to register the highest demand for carbon fiber, owing to the surge in demand from aerospace and defense, automotive, wind turbine, and sports/leisure industries. This region is marked by a large concentration of the main aircraft makers such as Airbus and critical defense instruments manufacturers in the area. Automobile giants in North America focus on manufacturing high-performance cars with reduced weight, further driving the market in this region.
By revenue, Toray Industries Inc. is the leader with the highest market share, followed by Teijin and Mitsubishi. Formosa and SGL group are the fourth and fifth ranked players by revenue. The other players in the market have fragmented revenue sources from their tie-ups or strategic business with end users.

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The global Carbon Fiber market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Carbon Fiber Market Report covers the Top Key-players in 2021:-

  • A&P Technology
  • Adherent Technologies Inc.
  • Applied Sciences Inc.
  • Carbon Conversions
  • CFK Valley Stade Recycling GmbH & Co.
  • Cytec Solvay Group
  • ELG Carbon Fibre Ltd. (Recycled Carbon Fibers)
  • Formosa Plastics Corporation – Tairylan Division
  • Hexcel Corp.
  • Holding Company Composite (HCC)
  • Materials Innovation Technologies LLC
  • Mitsubishi Rayon Co. Ltd.
  • Nippon Graphite Fiber Corp.
  • Quickstep Technologies
  • SABIC
  • SGL Group – The Carbon Co.
  • Teijin Ltd.
  • Toho Tenax Co. Ltd.
  • Toray Industries Inc.
  • Vartega Inc.

Highlighted points of Carbon Fiber Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Carbon Fiber Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Carbon Fiber? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Carbon Fiber Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Carbon Fiber Market? What Was Capacity, Production Value, Cost and PROFIT of Carbon Fiber Market?
  • What Is Current Market Status of Carbon Fiber Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Carbon Fiber Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Carbon Fiber Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Carbon Fiber Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Carbon Fiber Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Carbon Fiber Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Carbon Fiber Industry?

Key Developments in the Carbon Fiber Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reasons to Purchase the ReportTo understand the impact of end-user applications on the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisCountries expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3 month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Carbon Fiber Market 2021 describes the Carbon Fiber industry expansion game plan, the Carbon Fiber industry knowledge supply, appendix, analysis findings, and the conclusion.

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