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Carbon Fiber Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033
Carbon Fiber Market Growth
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Carbon Fiber Market Set To Soar With Growing Automotive Industry
The growing automotive industry is expected to propel the growth of the carbon fiber market going forward. The automotive industry is a sector that encompasses numerous organizations and firms involved in the design, development, manufacture, marketing, selling, and maintenance of motor vehicles. Carbon fiber makes lightweight and high-strength vehicle body parts and components in the automotive industry, improving fuel efficiency, performance, and weight reduction in vehicles, particularly vehicles. For example, according to Asia Automotive Analysis, an online publication focusing on Asia's automotive industry, South Korea's automobile production in 2022 increased by 8.5% from the previous year to 3,756,491 units. Therefore, the growing automotive industry is driving the carbon fiber market.
Asahi Kasei Corporation Develops Recycling Technology For Inexpensive, High-Quality Carbon Fiber
Technological innovations are a key trend gaining popularity in the carbon fiber market going forward. Major companies operating in the carbon fiber market are developing innovative technologies to strengthen their position in the market. For instance, in December 2022, Asahi Kasei Corporation, a Japan-based chemical company, developed a recycling technology for inexpensive, high-quality carbon fiber. This innovative recycling technology aims to implement a recycling system using recycled carbon fiber from automobiles to make new carbon fiber-reinforced plastic (CFRP) or carbon fiber-reinforced thermoplastic (CFRTP) for cars. It has made it possible to produce high-quality, reasonably priced CFRTP using recycled carbon fiber from cars. Additionally, it will reduce vehicle weight and save energy.
The carbon fiber market covered in this report is segmented -
1) By Type: Virgin Fiber (VCF), Recycled Carbon Fiber (RCF)
2) By Raw Material: Polyacrylonitrile (PAN), Petroleum Pitch, Rayon
3) By Tow: Large Tow, Small Tow
4) By Application: Composite Materials, Textiles, Microelectrodes, Catalysis
5) By End-Users: Aerospace And Defense, Automotive, Wind Energy, Pipes And Tanks, Sporting Goods, Other End-Users
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Major companies operating in the carbon fiber market report are Toray Industries Inc., Solvay S.A., Nippon Graphite Fiber Co. Ltd., Teijin Limited, Hexcel Corporation, Hyosung Advanced Materials Corp., Mitsubishi Chemical Carbon Fiber and Composites Inc., Formosa M Co. Ltd., DowAksa, SGL Carbon SE, Zoltek Corporation, Zhongfu Shenying Carbon Co. Ltd., Jiangsu Hengshen Co. Ltd., Jilin Chemical Fiber Group Co. Ltd., BASF SE, Covestro AG, Cytec Solvay Group, Toho Tenax Co. Ltd., Kureha Corporation, Kordsa Teknik Tekstil A.S., AKSA Akrilik Kimya Sanayii A.S., Carbon Conversions Inc., Carbon-Core Corp., Carbon Revolution, Dexcraft, Kamenskvolokno JSC, Rock West Composites, Plasan Carbon Composites, ELG Carbon Fibre, Composites Horizons, Textum Inc., PRF Composite Materials
Contents of the report:
1. Executive Summary
2. Carbon Fiber Market Report Structure
3. Carbon Fiber Market Trends And Strategies
4. Carbon Fiber Market - Macro Economic Scenario
5. Carbon Fiber Market Size And Growth
…..
27. Carbon Fiber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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