Global Carbon Fiber Market Projected To Make About USD 3.3 Billion By 2021

03-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Carbon Fiber Market (Polyacrylonitrile (PAN) based, Pitch-based, and Others) for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. The volume of the global carbon fiber market recorded about 35-kilo tons whereas market revenue was recorded to be around USD 1.9 Billion in 2015 and is projected to attain about USD 3.3 Billion by 2021, developing at about 9.8% CAGR from 2016 to 2021.

Carbon fiber composites are generally used in applications where low weight, strength, outstanding fatigue, and stiffness characteristics are vital requisites. A tow is formed by bundling together several thousand carbon fibers, which might be utilized by itself or interlaced into a fabric. They are comparatively new and advanced material that has several applications in the field of aviation, automobiles, construction, sports, and even medical devices. Numerous sorts of carbon fibers are crafted around the world. These comprise rayon-based, polyacrylonitrile (PAN)-based, pitch-based and others. PAN-based and pitch-based carbon fibers are the key product segments of the market.

Browse the full "Carbon Fiber Market (Polyacrylonitrile (PAN) based, Pitch-based, and Others) for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/carbon-fiber-market

The major stake of the global carbon fiber market was captured by polyacrylonitrile (PAN) based product type and was trailed by pitch-based carbon fiber. Though others segment that comprise polyolefin-based and rayon-based carbon fiber are anticipated to be rapidly developing segment during the coming period. Wind energy was the biggest end-user segment. Though automotive is projected to be the rapidly developing end-user segment trailed by sporting goods during the forecast period.

In 2015, geographically, North America was the highest carbon fiber consumer. The usage in North America is primarily propelled by carbon fiber’s application in the US. At present, the US uses nearly half of the produce of carbon fibers in the world. The Asia Pacific market is projected to develop at a rapid rate primarily owing to increasing need for carbon fiber along with their composites from budding nations in this region like Japan, China, and India. Europe is the second-biggest consumer globally of carbon fiber. Rising requirement from end-user industries like defense & aerospace, automotive, and wind energy is projected to boost the carbon fiber market in the coming period in Europe. Further, the Middle East & Africa and Latin America are projected to witness considerable growth during the projected period.

Few of the prominent market players comprise Hexcel Corporation, Formosa Plastics Corporation, Toray Industries, DowAksa, SGL Group – The Carbon Company, Kureha Corporation Teijin Ltd, Mitsubishi Rayon Co., Ltd., Cytec Industries, Kemrock Industries and Exports Ltd., Zoltek Companies, Inc., and others.

This report segments the global carbon fiber market as follows:

Global Carbon Fiber Market: Product Segment Analysis

  • Polyacrylonitrile (PAN) based
  • Pitch-based
  • Others

Global Carbon Fiber Market: End-user Segment Analysis

  • Aerospace and Defense
  • Wind Energy
  • Construction 
  • Automotive
  • Sports 
  • Others

Global Carbon Fiber Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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