Carbon Fiber Market: Opportunities and Forecast Assessment, 2020–2027

According to the latest Carbon Fiber Market Report by GMI Research: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Carbon Fiber Market examines the impact of the COVID-19 pandemic and represents that the market will experience a slowdown in 2020, and will accelerate in 2021, growing at a significant growth rate from 2022 onward. Carbon fiber, also known as graphite fiber, is a strong, lightweight, and stiff material, which is used by engineers and designers for the manufacturing of different products. This material has numerous applications, such as aerospace, civil engineering, military, and motorsports, due to its unique properties.

Competitive Landscape: The Carbon Fiber Market report also scans the competitive landscape and profiles the major players operating in the market, including Toray Industries Inc., TEIJIN Limited, Hyosung, Cytec Industries Inc., Hexcel Corporation, SGL Group, Mitsubishi Rayon Co. Ltd., Exports Limited, Dowaksa, Kemrock Industries, and OJSC Svetlogorskkhimvolokno.

Request for a sample report copy: https://www.gmiresearch.com/report/global-carbon-fiber-market/sample-request

The global carbon fibers market has witnessed substantial growth over the past few years. The accelerated usage of carbon fiber in the aerospace industry for manufacturing structural parts and the strong demand by the automotive industry for the development of lightweight and fuel-efficient vehicles are the significant factors contributing to the carbon fiber market growth. In parallel, the increasing application of carbon fiber in the wind energy industry is an important factor boosting the growth of the carbon fiber market.

Aerospace and Defense is the key industry that is estimated to capture the highest carbon fiber market size in terms of revenue. This is attributed to the increased demand for carbon fiber based composite parts. On the other hand, the automotive end-user industry is expected to grow at a substantial rate during the forecast period due to the strong demand for manufacturing luxury and sports cars. On the basis of raw material, pan based raw material captured the major share in 2016 due to its exceptional features such as increased yield and better processing properties.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/global-carbon-fiber-market/

Market Segments:

Breakup by Product Type:

  • Continuous
  • Long
  • Short

Breakup by Raw Material:

  • PAN
  • Pitch
  • Rayon

Breakup by End-Use Industry:

  • Aerospace and Defense
  • Automotive
  • Wind Energy
  • Sporting Goods
  • Pipes & Tanks
  • Civil Engineering
  • Electrical and Electronics
  • Marine
  • Others

Breakup by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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