Carbon Fiber in Light Weight Pressure Vessels Market is Expected to Reach US$ 8.67 Bn in 2027 : HYOSUNG CORPORATION, Solvay, Formosa Plastics Corporation, Toray Industries, Inc, Teijin Limited, SGL Carbon

The global carbon fiber in light weight pressure vessels market accounted to US$ 187.0 Mn in 2018 and is expected to grow at a CAGR of 11.4% during the forecast period 2019 - 2027, to account to US$ 486.5 Mn by 2027.

Rising demands from automotive and industrial applications provides an opportunity for the carbon fiber in light weight pressure vessels market growth

The carbon fiber offers high modulus and specific strength, high fatigue strength, high stiffness, high pressure withstanding capacity, lower thermal expansion coefficient, corrosion-resistance, and other beneficial properties, which makes them useful in pressure vessels for automotive and other industrial applications. Also, the rising demands of lightweight materials, along with government initiatives to reduce the harmful gas emissions, and to increase the fuel efficiency is expected to drive the carbon fiber in light weight pressure vessels market in automotive applications.

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Leading Carbon Fiber in Light Weight Pressure Vessels Market Players:

1. HYOSUNG CORPORATION
2. Solvay
3. Formosa Plastics Corporation
4. Toray Industries, Inc
5. Teijin Limited
6. SGL Carbon
7. Mitsubishi Chemical Corporation
8. Kureha Corporation
9. Hexcel Corporation
10. Dowaksa

Carbon Fiber in Light Weight Pressure Vessels Market - Global Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Carbon Fiber in Light Weight Pressure Vessels Market with the detailed segmentation by type, application, and region through in-depth traction analysis of the overall Carbon Fiber in Light Weight Pressure Vessels industry. This report provides qualified research on the market to evaluate the key vendors by calibrating all the relevant products/services to understand the positioning of the major players in Carbon Fiber in Light Weight Pressure Vessels Market.

Under the type segment, the 12k to 24k segment accounted for the largest share in the global carbon fiber in a lightweight pressure vessels market. A tow size is used to indicate the untwisted bundle of continuous filaments. In carbon fiber tow, the K number indicates thousands of filaments per tow. For instance, 12k to 24k indicates 12,000 filaments/tow to 24,000 filaments/tow. Some factories use the 12K to 24K for cost reduction as this range of fabric is cheaper than those compared to others. The 12K to 24K needs only one layer as compared to others that require three layers and hence proves to be cheaper and involves less work. On the other hand, the robust and huge pattern of 12K hampers its applications. The 12K to 24K are also heavier as the weave is larger and is also stiffer. The 12k to 24k carbon fibers are used in military and industrial robotics and also in scientific equipment. A couple of layers of these tow size carbon fibers can be used in critical high-stress areas, and the chain stays.

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The report is a combination of qualitative and quantitative analysis of the Carbon Fiber in Light Weight Pressure Vessels industry. It provides market estimation and forecasting of the Carbon Fiber in Light Weight Pressure Vessels market for the period of 2017 to 2027, considering 2017 as the base year and 2018-2027 as the forecast period. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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