Global Carbon Fiber Market is Expected to Reach a Value of USD 11.03 Billion by 2027

Carbon Fiber Market is forecast to grow at a CAGR of 11.10% for the forecast period of 2020 to 2027 to an estimated value of USD 11.03 billion by 2027 with factors such as high cost of the product along with the easy availability of low-cost alternates, such as fiberglass are hindering the growth of the market.

Moreover, the rising demand for carbon fiber improved polymers from the recreation, building, games, defense, automobile,  and aerospace sectors will further boost various new opportunities that will fuel the growth of the carbon fiber market in the above mentioned forecast period.

 Carbon Fiber Market Scenario

According to Data Bridge Market Research the carbon fiber market in developing regions is witnessing a growth in terms of its adoption rate, due to the increasing requirement for fuel efficient transports and frivolous carriers. Mounting approval of carbon fiber in the military and aeronautics division is also anticipated to enhance the growth of carbon fiber in the forecast period of 2020 to 2027.

Now the question is which are the regions that carbon fiber market players should target? Data Bridge Market Research has forecasted large growth in Europe owing to the top construction foundations for automotive manufacturing.

For more analysis on the carbon fiber market, request for a briefing with our analysts

Carbon Fiber Market Developments

  • In January 2019, Teijin has entered into a contract with Bombardier Aerostructures and Engineering Services particularly for the delivery of its TENAX carbon fiber material. This helped the company to expand its growth in the aircraft business.

Carbon Fiber Market Scope

Carbon fiber market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa

  • All country based analysis of the carbon fiber market is further analyzed based on maximum granularity into further segmentation. On the basis of raw material, the carbon fiber market is segmented into pan-based carbon fiber, pitch-based & rayon-based carbon fiber. On the basis type, the carbon fiber market is segmented into continuous, long, and short. On the basis of form, the carbon fiber market is segmented into composite and non-composite. On the basis of end user, the carbon fiber market is segmented into aerospace & defense, sports/leisure, wind turbines, molding & compounds, automotive, pressure vessels, civil engineering, marine, pultrusion misc., misc. consumer, sailing/yacht building, and others.
  • Carbon fibers are fibers of about 5–10 micrometers in diameter and are composed mainly of carbon atoms. These carbon fibers encompass numerous advantages counting high tensile strength, high rigidity, high chemical resistance, low weight, high temperature easiness and low thermal extension.

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Key Pointers Covered in the Carbon Fiber Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • DowAksa Advanced Composites Holding B.V.
  • A&P Technology, Inc.
  • ENF Ltd.
  • Formosa Plastics Corporation, U.S.A.
  • Hexcel Corporation
  • Holding company "Composite
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • Nippon Graphite Fiber Co., Ltd.
  • SGL Carbon
  • Solvay S.A.
  • JEC Group 

Above are the key players covered in the report, to know about more and exhaustive list of carbon fiber companies, contact us

Research Methodology of Global Carbon Fiber Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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