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Global Carbon Fiber Market (2021 to 2026) – by Raw Material, Fiber Type, End User and Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Carbon Fiber Market – Analysis by Raw Material (PAN, Pitch and Rayon), Fiber Type (Virgin, Recycled), End User, by Region, by Country (2021 Edition): Market Snapshot and Forecast with Impact of COVID-19 Report (2021-2026)” has been added to from ResearchAndMarkets.com offer.

The global carbon fiber market was valued at USD 3216.54 million in 2020, with Europe region leading the market.

Companies cited

  • Toray Industries Ltd.

  • Teijin Ltd

  • Hexcel Corporation

  • Carbon SGL

  • Mitsubishi Chemicals

  • Formosa Plastics

  • Hyosung Company

  • Solvay

  • Nippon Carbon Co.,Ltd

  • Kureha Company

The carbon fiber market is mainly driven by the aerospace industry to improve aircraft performance and efficiency. The superior physical strength, low coefficient of thermal expansion, high dimensional stability and low abrasion characteristics of carbon fiber complement its applications in aerospace antennas, aircraft brakes and support structures.

Additionally, the booming wind sector is generating a high demand for carbon fiber for use in wind turbine blades. The outstanding fatigue and corrosion resistance property of the carbon material improves the longevity of the wind blades. Furthermore, increasing adoption of clean energy technologies to reduce emissions is expected to further drive the carbon fiber market in the estimated years.

Growing demand for lightweight materials, along with government initiatives to reduce harmful gas emissions and increase energy efficiency, is expected to drive the carbon fiber market in other transportation applications such as automotive and maritime. Carbon fiber, due to its light weight, high thermal stability and electrical conductivity, is widely used in various important automobile components, such as disc brakes, wheels, automobile hoods and others, because this share of carbon fiber from automotive applications is expected to increase significantly. in the years to come.

In addition, an increase in carbon fiber consumption is also expected due to increasing vehicle production to meet high consumer demand. Besides automotive applications, carbon fiber also has significant growth potential in infrastructure, marine engineering and electronics applications.

Among the regions, Asia-Pacific is estimated to be the fastest growing market for carbon fiber during the period 2021-26. The growth of the Asia-Pacific market can be attributed to the increase in R&D investments in the automotive and wind energy end-use industry. In addition, increased manufacturing production in the Asia-Pacific region to meet domestic needs for higher quality products and increased exports from Japan and China have led to increased demand for carbon fiber in the region.

Report scope

  • The report presents the analysis of the global carbon fiber market for the historical period of 2016-2020 and the forecast period of 2021-2026.

  • The report analyzes the global carbon fiber market by value (in billions of dollars).

  • The report analyzes the global carbon fiber market by raw material (polyacrylonitrile (PAN), pitch and rayon).

  • The report analyzes the global carbon fiber market by type of fiber (virgin, recycled).

  • The report analyzes the global carbon fiber market by end user (aviation, aerospace and defense, automotive, wind energy, construction, sports equipment and others).

  • The global carbon fiber market has been analyzed by region (America, Europe, Asia-Pacific, MEA).

  • The global carbon fiber market has been analyzed by country (USA, Canada, Germany, France, UK, Spain, China, Japan, India, South Korea).

  • The key insights of the report have been presented through the frameworks of SWOT analysis. In addition, market attractiveness was presented by region, by raw material, by type of fiber, by end user.

  • Also, major industry opportunities, trends, drivers, and challenges have been analyzed in the report.

Main topics covered:

1. Report Scope and Methodology

2. Strategic Recommendations

3. Carbon Fiber Market: Product Overview

4. Global Carbon Fiber Market: An Analysis

4.1 Market Size, by Value, Year 2016-2026

4.2 Market Size, by Volume, Year 2016-2026

4.3 Impact of COVID-19 on the Carbon Fiber Market

4.4 Global Carbon Fiber Market

5. Global Carbon Fiber Market Segmentation, By Raw Material (Value)

6. Global Carbon Fiber Market Segmentation, By Fiber Type (Value)

7. Global Carbon Fiber Market Segmentation, By End User (Value)

8. Global Carbon Fiber Market: Regional Analysis

9. Americas Carbon Fiber Market: An Analysis (2016-2026)

10. Europe Carbon Fiber Market: An Analysis (2016-2026)

11. Asia-Pacific Carbon Fiber Market: An Analysis (2016-2026)

12. Global Carbon Fiber Market Dynamics

12.1 Global Carbon Fiber Market Drivers

12.2 Global Carbon Fiber Market Constraints

12.3 Global Carbon Fiber Market Trends

13. Market attractiveness and strategic analysis

14. Competitive Landscape

14.1 Global Major Companies Market Share

14.2 SWOT Analysis – Global Carbon Fiber Market

14.3 Porter Five Force Analysis – Global Carbon Fiber Market

15. Global carbon fiber market: mergers and acquisitions

16. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/is71xv