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Carbon Fiber Market: Find Out Top Impacting Factor of Market Growth By Opportunity & Top Leading Players (DowAksa Advanced Composites Holding B.V., Mitsubishi Chemical Holdings Corporation, Nippon Steel & Many Others)

12-05-2018 08:22 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Carbon Fiber Market: Find Out Top Impacting Factor of Market

The global carbon fiber market was valued at $2,766 million in 2015 and is expected to grow at a CAGR of 11.7% to reach $5,991 million by 2025. Carbon fiber is composed of carbon atoms bonded together to form a long chain which are 5-10 m in diameter. These carbon atoms form a microscopic crystal exhibiting high strength to weight ratio.

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The aerospace & defense segment was the largest revenue contributor to the global carbon fiber market in 2017. North America held the leading position, both in terms of value & volume, in 2017, and is expected to grow at the highest rate during the study period.

Aerospace & defense segment accounted for largest share of carbon fiber market in 2017, owing to the highest consumption of carbon fiber in commercial aircraft. Increased production of U.S.-based Boeing 787/777 and the Europe-based Airbus A350XWP is expected to drive the market growth. However, the increased prices and unavailability of carbon fibers are anticipated to restraint the market growth.

Pan-based carbon fiber accounted for approximately 90% of the share in the global carbon fiber market in 2017, as it offers high yield and excellent processing properties. Pitch-based & rayon-based carbon fibers are still in the introduction stage, and are expensive than pan-based carbon fiber, thereby driving growth of the pan-based segment. Based on type, the continuous carbon fiber is projected to witness the highest growth rate during the forecast period. Composite form of carbon fiber dominated the market, accounting for more than 95% market share in 2017, and is also projected to register the highest growth rate during the forecast period.

North America accounted for the largest market share in 2017, and is projected to grow at the highest CAGR, owing to the presence of major manufacturers. In addition, the demand from the aerospace & defense, wind turbines, and marine sectors is expected to drive the market growth in North America. Europe was estimated to be the second largest consumer for carbon fiber in 2017, due to the increased demand from the aerospace & defense and sports/leisure industries.

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The prominent players profiled in this report DowAksa Advanced Composites Holding B.V., Mitsubishi Chemical Holdings Corporation, Nippon Steel & Sumitomo Metal Corporation, OJSC SvetlogorskKhimvolokno, SGL Carbon SE, Teijin Limited (Teijin), Toray Industries Inc., Hexcel Corporation, Solvay SA, and Hyosung Corporation.

Table of Content

Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. KEY FINDINGS OF THE STUDY
2.3. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets, by end-use industry
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in penetration of carbon fiber components in automotive industry
3.4.1.2. Government regulations for emission control
3.4.1.3. Rise in demand for high-performance carbon fiber in aerospace & defense
3.4.2. Restraints
3.4.2.1. High price of carbon fiber
3.4.2.2. Long production cycle and unavailability of carbon fibers
3.4.3. Opportunities
3.4.3.1. Increase in application of carbon fiber in wind turbines
3.4.3.2. Rise in use of carbon fiber in medical industry
3.5. PATENT ANALYSIS
3.6. PRODUCT BENCHMARKING

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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