Press release
Carbon Fiber Market to Achieve 8.5% CAGR During 2017-2026
According to a recent Fact.MR research report, a splendid rise at 8.5% CAGR, in terms of value, will be recorded by the global carbon fibers market during the forecast period (2017-2026).Carbon fibers seek huge adoption in the aerospace and automotive industries. In the automotive sector, growing demand for lightweight panels will drive demand for carbon fiber. In the aerospace sector, surging demand for commercial aviation in light of rising disposable income of consumers will remain a key factor influencing adoption of carbon fiber in aircrafts. Some other applications of carbon fiber include leisure and sports. This report, compiled by Fact.MR, provides in-depth analysis of the global carbon fiber market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
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Competition Tracking
Occupancy of a large number of players has made the nature of the global carbon fiber market to be fragmented, with intensity of competition among players surging at a significant rate. Global reach of well-established market players and high capital investment for entering the market have created barriers for new market players. In a bid to sustain themselves in this highly competitive market, vendors are competing one another in terms of customer-centrism, price, quality, performance, and innovation. Key market players identified by the report include
Hyosung
Kemrock
Dow/AkSA, Cytec
Hexcel
SGL"Formosa Plastics
Mitsubishi Rayon
Toho Tenax
Toray.
5 Key Future Prospects of Carbon Fiber Market for Forecast Period 2017-2026 (In Terms of Volume)
Among regional segments included in the report, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative for the carbon fibers market, with sales set to close in approximately 50,000 ton by 2026-end.
APEJ and North America are likely to remain fast-expanding market for carbon fibers, exhibiting a similar CAGR through 2026. However, quantity of carbon fibers sold in North America will remain comparatively lower in North America than in APEJ. Europe will prevail as the second largest market for carbon fibers.
On the basis of precursor material type, PAN-based CF will account for over 95% share of the market during 2017 to 2026. Although amount of pitch-based CF and rayon-based CF sold will remain considerably lower than PAN-based CF, they are expected to gain traction gradually in the near future. Sales of rayon-based CF and pitch-based CF are set to reflect a relatively higher CAGR in the market than those of PAN-based CF through 2026. On the basis of tow size, small tow will remain preferred for carbon fibers across the globe, with sales pegged to exceed 75,000 tons by 2026-end.
Aerospace & defense is expected to retain its position as the dominant end-user of carbon fibers, trailed by energy & mining and automotive. In addition, carbon fiber sales in the energy & mining and automotive industry are poised to register a parallel rise through 2026.
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The report further provides information on various technological advancements in the global carbon fiber market. Latest information and advancements regarding growth opportunities can prove to be beneficial for the leading manufacturers of carbon fiber. With advancements in technology, keeping an eye on the latest trends and developments is important for carbon fiber manufacturers to frame key business strategies. Key insights concerning the list of distributor, supply chain, cost structure, pricing analysis, and raw material sourcing, are also provided in this section of the report.
Considering the broad-scope of the global carbon fiber market, the report offers in-depth insights on the forecast and segment-wise analysis. The carbon fiber market has been segmented on the basis of end-user, tow size, precursor material type, and region. This sections offers segmentation analysis, along with a detailed country-wise forecast on all the parameters.
In the final section, the report offers information on the key competitors, along with a board view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global carbon fiber market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
Primary research
Secondary research
Trade research
Focused interviews
Social media analysis
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