The global carbon Fibermarket is expected to cross USD 6.36 billion by 2025. The carbon fiber industry witnessed growth trends in the carbon fiber, composite markets possessed identical features, and the significance was higher in terms of volume in 2016. Rise in end-user applications coupled with diversified uses of carbon fibers in various domains added to the market growth then. The growth trends exhibited positive traction owing to rising CAGR on yearly basis.
At
present, the carbon fiber market is driven by rise in demand for carbon fiber
from automotive and aerospace industries and lightweight vehicles. In addition,
the augmented demand for fuel-efficient vehicles coupled with stringent
regulations by government pertaining to vehicle pollution is expected to drive
the market growth. The carbon fiber industry is expected to gain a positive
traction in the forthcoming period due to mass production of electronic items,
automotive applications in cars and rise in industrial use.
Carbon
fiber market is segmented by raw material, inclusive of PAN-based and Pitch
based. PAN based carbon fibers accounted for a higher CAGR in the forecast
period owing to wider use in numerous applications. By tow size, the market
segmentation includes small tow and large tow. Small tow carbon fibers are
widely used for numerous applications owing to its versatile features.
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By
Application, the carbon fiber industry is segmented as sport equipment,
aerospace & defense, molding & compounding, automotive, construction
and pressure vessels. Aerospace & defense account for a significant CAGR in
the forthcoming period due to extensive use of carbon fibers in production and
assembling.
Geographical
segmentation for carbon fiber market includes North America, Latin America,
Europe, Asia-Pacific, Middle East and Africa. North America is expected to rise
at a higher CAGR in the forthcoming period owing to presence of aircraft makers
for commercial and defence purpose. Increase in automobile production
emphasizing high performance cars is expected to drive the regional market.
Europe is anticipated to be a large and rapidly growing market owing to
stringent regulations emphasizing environmental pollution. The key players in
the carbon fiber industry include BASF SE, Teijin Limited, Hexcel Corporation,
SGL Group and Mitsubishi Rayon Co Ltd.
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Market Segment:
Carbon
Fiber Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• PAN Based
• Pitch Based
Carbon
Fiber Tow Size Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Small Tow
• Large Tow
Carbon
Fiber Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Automotive
• Aerospace & Defense
• Wind Turbines
• Sports equipment
• Molding & Compounding
• Construction
• Pressure vessels
• Others
Carbon
Fiber Regional Outlook (Tons, USD Million, 2014 - 2025)
• North America
• U.S.
• Mexico
• Canada
• Europe
• Germany
• France
• UK
• Asia Pacific
• Japan
• China
• Taiwan
• Central & South America (CSA)
• Brazil
• Middle East & Africa (MEA)
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