Carbon Fibers Market Set for Rapid Growth forecast 2020-2026 | Key Players - Teijin Limited, Toray Industries, Mitsubishi Rayon and more

The global Carbon Fibers market is forecast to reach USD 11.01 Billion by 2027, according to a new report by Reports and Data. Carbon Fiber, sometimes known as graphite fiber, is a very strong and lightweight polymer. It is five-times stronger and twice as stiffer than steel. The fiber is lighter than steel, which makes it ideal for manufacturing material for many parts.

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Key players mentioned in the research report are:
Teijin Limited, Toray Industries Inc., Mitsubishi Rayon Co., Ltd., SGL Group, Formosa Plastics Corporation, Hexcel Corporation, Solvay, Formosa Plastics Corporation, Dowaksa, and Jiangsu Hengshen Co. Ltd., among others.

In terms of Industry Verticals, the global Carbon Fibers market can be segmented into:
Sports/Leisure
Automotive
Aerospace and Defense
Wind Energy
Civil Engineering
Marine
Electrical & Electronics
Pipe and Tank
Others

In terms of types, the global Carbon Fibers market can be segmented into:
Virgin Carbon Fibers
Recycled Carbon Fibers

The Carbon Fibers Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.

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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Carbon Fibers Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.

Further key findings from the report suggest
• The recycled carbon fibers is similar to virgin carbon fibers. It is commonly used in automotive and transportation. The superior properties of the polymer, such as flexural strength, high strength-to-weight ratio, tensile strength, and cost-effectiveness, are driving its demand among various end-users.

• Aircraft manufacturers are taking several initiatives to intensify the standards for environmental management in the discarding of end-of-life aircraft parts. Moreover, Boeing made an agreement with ELG Carbon Fibers to supply its composite scrap to the company.

• Pitch-based carbon fibers have various end-uses due to their high strength. These polymers are used in the aerospace industry due to their high modulus and high price. These fibers could be used within the sports and automotive industries, but the cheaper PAN-based products provide a high strength for these applications.

• Carbon fibers consists of fibers, which consist of less than 92% carbon. Some parallel filaments are clubbed together to form a single tow. Fibers having filaments up to 24,000 are known as small tow.

• Small tow fibers are commonly known used in the aerospace industry due to high tensile strength and modulus when used for manufacturing composites, which are applicable in several end-use. Small-tow fibers are more expensive than large tow-fibers.

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This research report delivers a 360 overview of the competitive landscape of the Global Carbon Fibers Market. Furthermore, it includes massive data regarding the latest trends, technological advancements, and methodologies. The study analyzes the Global Carbon Fibers Market in a detailed and extensive manner for the readers to gain better insights.

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