Carbon fiber Thread Market Trends, Innovations and Growth Projections for 2024-2032

According to a new report by Allied Market Research titled "Carbon Fiber Thread Market by Product Type (Continuous Carbon Fiber Thread, Chopped Carbon Fiber Thread), by End-Use Industry (Aerospace, Automotive, Sports and Recreation, Construction and Infrastructure, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032," the global carbon fiber thread market was valued at $1.6 billion in 2022 and is projected to reach $2.7 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A47536

Key Growth Drivers:

The carbon fiber thread market is witnessing significant expansion due to several factors:

- Diverse Applications: Carbon fiber thread is widely utilized across various end-use industries including aerospace, automotive, sports, and construction.

- Lightweight Vehicles: Rising demand for lightweight and fuel-efficient vehicles is accelerating market growth.

- Renewable Energy Surge: Growing renewable energy projects are increasing the demand for advanced materials like carbon fiber thread.

However, the high cost of carbon fiber thread production continues to restrain broader market adoption, especially in cost-sensitive sectors. Despite this challenge, the increasing shift toward sustainable and eco-friendly materials-particularly in the electric vehicle (EV) sector-is opening up lucrative opportunities for market players.

Segment Insights:-

By Product Type:

- Continuous Carbon Fiber Thread dominated the market in 2022, accounting for nearly 60% of the total revenue. This segment is also expected to grow at the fastest CAGR of 5.4%.

- Its high strength-to-weight ratio makes it ideal for aerospace, automotive, and sports applications where performance and weight reduction are critical.

By End-Use Industry:

- Aerospace led the market with over one-third of the global share in 2022 and is expected to maintain its dominance through 2032.

- Automotive is projected to register the highest CAGR of 5.63%, driven by lightweighting trends, EV adoption, and sustainability goals.

Regional Highlights:

Asia-Pacific held the largest market share in 2022-nearly 50% of the global revenue-and is expected to maintain its leadership throughout the forecast period. The region is also projected to grow at the fastest CAGR of 5.5%.

This dominance is fueled by:

- Stringent emission norms

- Rising EV production

- Growing demand for fuel-efficient vehicles

- Increased focus on environmental sustainability

Top Market Players:

- Mitsubishi Chemical Corporation

- Beijing Konfitex Technology Co. Ltd.

- Teijin Limited

- Solvay S.A.

- SGL Carbon

- Kureha Corporation

- Hexcel Corporation

- Formosa Plastics Corporation

- Zhongao Carbon

- Toray Industries, Inc.

Obtain Report Details: https://www.alliedmarketresearch.com/carbon-fiber-thread-market-A47536

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.