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Carbon Fiber Market Research, Growth Opportunities, Analysis and Share Forecasts to 2023
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Carbon fiber is a long thin strand of material composed of carbon atoms with a diameter of about 0.005mm to 0.010mm. Carbon atoms are bonded into microscopic crystals that are aligned parallel to long axis of the fiber.
The global market for carbon fiber is segmented on the basis of raw material, product type, form, end use industry and region. The market segmentation for carbon fiber on the basis of raw material is PAN-based, pitch-based and rayon-based.
Based on form, the carbon fiber market is categorized as composite, long and short. The carbon fiber market finds application in automotive, aerospace and defense, sporting goods, wind energy, civil engineering, pipe and tank, marine, and electrical and electronics.
High manufacturing cost of carbon fiber and the rising supply demand gap poses as a major threat to the overall growth of the market. The carbon fiber which are mainly utilized in the luxury and sports cars.
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The key companies leading the carbon fiber market are Toray Industries Inc., Teijin Limited, SGL Group, Cytec Solvay Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Formosa Plastics Corporation, Hyosung, DowAksa and Taekwang Industrial Co. Ltd.
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