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Prediction by 2024 : Carbon Fiber Market Worldwide Top Players Analysis, Demand and Trends in 2019
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By product type, the global market for carbon fiber is categorized into continuous carbon fiber, long carbon fiber and short carbon fiber. 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. Aerospace and defense is estimated to rise during the forecasted period due to the rapid demand in lightweight components.
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. Due to high yield and better processing properties, PAN-based carbon fiber have witnessed significant growth, in terms of value and volume, and is expected to rise during the forecast period.
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Market Segmentation
By Raw Material
PAN-based
Pitch–based
Rayon–based
By Product Type
Continuous carbon fiber
Long carbon fiber
Short carbon fiber
By Form
Composite
Non-composite
By End-User
Automotive
Aerospace and defence
Sporting goods
Wind energy
Civil engineering
Pipe and tank
Marine
Electrical and electronics
Others
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