Rise in demand from the high-performance materials which have the ability to uphold its quality under unsolicited condition is growing the demand of carbon amalgamated and strengthened plastics materials from a huge base of industries such as aerospace & defence, automotive, and transportation which eventually escalate the demand of carbon fiber.
According to the research report, ‘Carbon
Fiber Market: Current Analysis and Forecast (2021-2027)’
states that the Hexcel Corporation, Mitsubishi Chemical Holdings, Toray,
Solvay, Formosa Plastic Corporation, Jiangsu Hengshen Co. Ltd., DowAksa, Teijin
Limited, SGL Carbon, and Hyosung Advanced Material and many more are some of
the major players which are currently operating in the Carbon Fiber Market. The
report covers the company profile of the above mentioned players on the various
parameters such as Company Overview, Business Strategy, Key Product Offerings,
Financial Performance, Key Performance Indicators, Risk Analysis, Recent
Development, Regional Presence, SWOT Analysis and many more.
Moreover, the Carbon Fibre market is being majorly segmented on the
various segments namely by Raw Material (Pan, and Pitch), by Fiber Type
(Virgin, Recycled), by Product Type (Continuous, Long, and Short), by Tow Type
(Regular, Large), by Modulus (Standard, Intermediate, and High), by Application
(Composite, Non-Composite), by End User (Aerospace & Defence, Automotive,
Wind Energy, Sport, Electrical and Electronics, Construction, Marine, and Others),
by Region (North America, Europe, Asia Pacific, and the Rest of the
World). Also, it has been witnessed that
the report covers the extensive coverage of data at the country level as well
for the above mentioned regions namely United States of America, Canada,
Germany, United Kingdom, France, Spain, China, Japan, India, Australia and many
others.
Furthermore, it has been witnessed that the regular tow accounted highest
market share in 2020, and in the near future it is anticipated that the demand
will increase during the forecast period due to surging demand from aerospace
& defence, manufacturing, and automotive industries. Whereas, polyacrylonitrile
(PAN) accounted the lion share in the market. However, Pitch accounted
considerably a lower market share.
In the upcoming future, it is expected that
the Carbon Fiber Materials market will reach to a
substantial value in terms of Revenue USD billion by the end of the year 2027,
at a single digit CAGR during the review period 2021 – 2027. This growth in the
Carbon Fiber Material market is expected owing to rising demand from the
automotive sector and other sectors such as aerospace, defence coupled with the
growing awareness among people to reduce down the carbon emission will
automatically lead to outpouring the overall demand of carbon fiber materials
across the regions during the review period.
Moreover, the increasing governmental support coupled with the growing
adoption of technology will further comprehend the growth in the overall carbon
fiber market.
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