North America Carbon Fiber Market Growth Analysis and Opportunity Assessment Forecast To 2027

The North America carbon fiber market is accounted to US$ 1,157.8 Mn in 2018 and is expected to grow at a CAGR of 10.8% during the forecast period 2019 – 2027, to account to US$ 2,872.5 Mn by 2027.

Carbon fiber is defined as the long thin strand of material that is made up of carbon atoms possessing a diameter of about 0.005mm to 0.010mm. The fibers are rigid and chemically inert, making them difficult to compress and stretch. They provide high strength to the vessels, which helps to prevent the explosions of gas storage systems. They are used in several applications such as aerospace & defense, automotive, construction, and others. However, the high costs of carbon fiber manufacturing processes are limiting the market growth.

The US is dominating the North America carbon fiber market followed by Mexico. Increasing usage of carbon fiber in wind energy industry would drive the market in the coming years. The carbon fibers are considered to be an effective alternative to the glass fibers used in the wind turbines. They show higher stiffness and lower density as compared to the glass fibers, allowing the thinner, stiffer and lighter blades. Furthermore, they have relatively low damage tolerance, compressive strength, and ultimate strain. Therefore, carbon fibers are most commonly used in the fabrication of wind turbine blades.

Carbon Fiber Market research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

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The final report will add the analysis of the Impact of Covid-19 in this report Carbon Fiber Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Carbon Fiber Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Carbon Fiber Market is analyzed and depicted in the report.

Leading Key Players:
• DowAksa
• Formosa Plastics
• Hexcel
• Hyosung
• Kureha
• Mitsubishi Chemical
• SGL Carbon
• Solvay
• Teijin

What questions does the Carbon Fiber Market report answer about the regional reach of the industry

The report claims to split the regional scope of the Carbon Fiber Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration?
• How do the sales figures look at present How does the sales scenario look for the future?
• Considering the present scenario, how much revenue will each region attain by the end of the forecast period
• How much is the market share that each of these regions has accumulated presently?
• How much is the growth rate that each topography will depict over the predicted timeline?

The research on the Carbon Fiber market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Carbon Fiber market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and info graphics.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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