The global Carbon Fibers market is forecast to reach USD 12.06 Billion by 2028, according to a new report by Reports and Data. Carbon Fiber, sometimes known as graphite fiber, is a very strong and lightweight polymer. It is five-times stronger and twice as stiffer than steel. The fiber is lighter than steel, which makes it ideal for manufacturing material for many parts.
The polymer is made of strong, thin crystalline filaments of carbon and is used to strengthen any material. The fiber can be thinner than a strand of human hair, and it gets the strength when twisted together like a yarn. Carbon fibers can be woven together to manufacture cloth and take it can take a permanent shape when laid over a mold and coated in plastic or resin.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- Teijin Limited
- Toray Industries Inc.
- Mitsubishi Rayon Co. Ltd.
- SGL Group
- Formosa Plastics Corporation
- Hexcel Corporation
- Solvay
- Formosa Plastics Corporation
- Dowaksa
- Jiangsu Hengshen Co. Ltd.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Carbon Fibers market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Carbon Fibers market?
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Carbon Fibers Market Segmentation:
Raw Materials Outlook:
- Pan-Based Carbon Fibers
- Pitch-Based Carbon Fibers
- Rayon-Based Carbon Fibers
Industry Verticals Outlook:
- Sports/Leisure
- Automotive
- Aerospace and Defense
- Wind Energy
- Civil Engineering
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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