Carbon Fiber Market is Forecasted to Reach US$ 7.34 Billion in 2028, Says Stratview Research

The global carbon fiber market is projected to witness a growth rate of 8.09% annually from 2022 to 2028, with an anticipated size of US$ 7.34 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global carbon fiber market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3032/carbon-fiber-market.html#form

Report Highlights:
Market Size in 2028: US$ 7.34 billion
Growth (CAGR): 8.09% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Carbon Fiber Market:

The global carbon fiber market is segmented based on end-use industry type, precursor type, tow size type, modulus type, and region.

Based on end-use industry type - "The industrial end-use industry segment is estimated to hold the major share of the market during the forecast period".
The market is segmented as aerospace, industrial, and sporting goods. The industrial end-use industry segment is estimated to hold the major share of the market during 2022-2028.
The growing demand for high-performance lightweight materials in the automotive industry, as well as the increasing demand for carbon composites in wind turbines, can be attributed to the segment's growth. In addition, sporting goods are expected to witness significant growth in the market in the coming years.

Based on precursor type - "PAN-based carbon fiber is likely to be the largest as well as the fastest-growing segment of the market during the forecast period".
The market is segmented as PAN-based carbon fiber and pitch-based carbon fiber. PAN-based carbon fiber is likely to be the largest as well as the fastest-growing segment of the market during the forecast period 2022-2028. It has a wide range of applications in transportation, wind energy, and aerospace/defense, which is expected to fuel the segment's growth in the coming years.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3032/carbon-fiber-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is estimated to be the largest as well as the fastest-growing region in the market during 2022-2028. This growth outlook is majorly attributed to the following-

• Europe is anticipated to emerge as both the largest and the most rapidly expanding region in the market.
• Growing product demand from the aerospace, automotive, and wind energy industries is likely to drive regional market growth over the forecast period.

Carbon Fiber Market Drivers:

Some of the key drivers listed in the report are given below.
Factors such as increasing demand for high-performance and lightweight composite materials and the growing necessity for enhanced performance in various end-use industries are some of the key factors likely to drive the growth of the market during the forecast period.

Top Companies in the Carbon Fiber Market:
Stratview Research has identified the following companies as the top market players.
• Cytec Solvay Group
• DowAksa
• Formosa Plastics Corporation
• Hexcel Corporation
• Hyosung Corporation
• Mitsubishi Rayon Corporation Limited
• Nippon Graphite Fiber Corporation
• SGL Carbon Group
• Teijin Limited

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Carbon Fiber Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Carbon Fiber Market in Sporting Goods: https://www.stratviewresearch.com/3773/carbon-fiber-market-in-sporting-goods.html
• Carbon Fiber Resin Market: https://www.stratviewresearch.com/903/carbon-fiber-resin-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.