Carbon Fiber Market is estimated to grow at a Potential Growth Rate of 8.95% by 2029

Data Bridge Market Research analyses that the Carbon Fiber Market will witness a CAGR of 8.95% for the forecast period of 2022-2029 and is likely to reach the USD 8.00 billion by 2029.

Industry Analysis

Carbon fibers are fibers with a diameter of 5-10 micrometres. Carbon fiber is a lengthy chain of carbon atoms linked together. High stiffness, high temperature tolerance, low weight, good tensile strength, high chemical resistance, and minimal thermal expansion are only a few of the benefits of carbon fibers. The carbon fiber market is expected to expand in response to rising demand from wind energy industry. Furthermore, expanding demand from satellite and secondary aircrafts parts manufacturing and strict eco-friendly regulations to increase the adoption rate of carbon fibres and related companies in automotive applications are all major market drivers that will accelerate the carbon fiber market growth rate. The market is also growing due to rising utilization of carbon fiber in 3D printing and development of low-cost manufacturing process including plasma oxidation technology.

Moreover, the rise in the demand from FCEVs and increase in the level of investments for the advancement of low-cost coal-based carbon fibers will establish new opportunities for ordinary bearing manufacturers in the near future. On the other hand, high cost associated with PAN carbon fibers and reduction in the demand from luxury cars segment will inhibit the market expansion. Also, production of low-cost carbon fiber will further challenge the growth rate of market. This carbon fiber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on carbon fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Global Carbon Fiber Market Scope and Market Size

The carbon fiber market is segmented on the basis of type, fiber type, application, raw material, modulus, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

Based on type, the carbon fiber market is segmented into
• continuous,
• long,
• short.

Based on fiber type, the carbon fiber market is segmented into
• virgin carbon fiber
• Recycled carbon fiber.

Based on application, the carbon fiber market is segmented into
• composite,
• textiles,
• flexible heating
• microelectrodes.

Based on raw material, the carbon fiber market is segmented into
• PAN-based carbon fiber,
• pitch-based,
• rayon-based carbon fiber,
• gas phase grown.

Based on modulus, the carbon fiber market is segmented into
• standard modulus,
• intermediate modulus
• high modulus.

Based on end user, the carbon fiber market is segmented into
• aerospace and defense,
• sports/leisure,
• wind turbines,
• molding and compounds,
• automotive,
• pressure vessels,
• civil engineering,
• marine,
• pultrusion misc.,
• medical sector,
• sailing/yacht building,
• Others.

Competitive Landscape and Global Carbon Fiber Market Share Analysis

The carbon fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to carbon fiber market.

Some of the major players operating in the carbon fiber market are

• TORAY INDUSTRIES Inc.,
• SGL Carbon,
• Hexcel Corporation,
• Mitsibishi Chemical Corporation,
• TEIJIN LIMITED,
• Farmosa Plastic Corporation,
• Solvay,
• JEC Group,
• Nippon Graphite Fiber Co. Ltd.,
• SABIC,
• Kemrock,
• HYOSUNG,
• DowAksa,
• NIPPON STEEL CORPORATION,
• KUREHA CORPORATION,
• among others.

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