NEW YORK, Oct. 23, 2023 /PRNewswire/ — The carbon fiber market size is expected to grow by USD 2.7 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.43% during the forecast period, according to Technavio. The market is segmented by end-user (aerospace and defense, sports and leisure, wind energy, automotive, and others), raw material (PAN-based, pitch-based, and rayon-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the carbon fiber market including 3M Co., China Composites Group Corp. Ltd., DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Evonik Industries AG, Formosa M Co. Ltd., Hexcel Corp., Hyosung Advanced Materials, Kordcarbon AS, Kureha Corp., Mitsubishi Chemical Corp., Nippon Steel Corp., Osaka Gas Co. Ltd., Saudi Arabian Oil Co., SGL Carbon SE, SIMCO Global Technology and Systems Ltd., Solvay SA, Taekwang Group, Teijin Ltd., Toray Industries Inc., and UMATEX ROSATOM State Corp. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request FREE Sample Report.
Technavio has announced its latest market research report titled Global Carbon Fiber Market 2023-2027
Carbon Fiber Market 2023-2027: Company Analysis
China Composites Group Corp. Ltd: The company offers carbon fiber such as SYT45-3K, SYT45S-12K, SYT49S-12K, SYT55-12K, and SYT49S-24K.
DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti: The company offers carbon fiber with different materials 3K, 12K, and 24K.
Formosa M Co. Ltd: The company offers carbon fiber such as TC-33, TC-35R, and TC-42S.
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Carbon Fiber Market 2023-2027: Segmentation
End-user
The market share growth by the aerospace and defense segment is significant during the forecast period. There is an increasing adoption of carbon fiber in aerospace and defense applications due to its properties such as lightweight, high tensile strength, corrosion resistance, fatigue resistance, and excellent strength and stiffness. The main factor that is fuelling the adoption of carbon fibers in this segment is due to the high strength-to-weight ratio when compared to other metals, so it is widely used in aircraft parts and structures. In addition, it also helps to minimize the overall weight of aircraft.
Geography
North America is estimated to account for 32% of the growth of the global market during the forecast period. One of the main factors that is significantly contributing to the growth of the market in North America is the high consumption of carbon fiber in industries such as aerospace, automotive, wind energy, and construction.
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Raw Material
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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