Carbon Fiber Market Size, Share, Growth,

1. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 Search report Keywords Home / Chemicals And Materials / Advanced Materials / Carbon Fiber Market Carbon Fiber Market Rep Id : TMRGL119 Carbon Fiber Market (Product: PAN-based, Pitch-based, and Others; Technology: Prepreg Layup, June 2022 Pultrusion, Winding, Press & Injection Molding, and Others) - Global Industry Analysis, Size, Share, Chemicals And Materials Growth, Trends, and Forecast, 2022-2031 263 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Carbon Fiber Market Outlook 2031 The global carbon fibermarket was valued at US$ 2.5 Bn in 2021 It is estimated to grow at a CAGR of 6.8% from 2022 to 2031 The globalcarbon fiber market is expected to reach value of US$ 4.5 Bn by the end of 2031 Select License Type Single User license $5795 Multi-User license $8795 Analysts’ Viewpoint on Global Carbon Fiber Market Scenario Corporate license $11795 Carbon fiber is an extremely versatile material. This sleek composite is used in diverse high- performance applications, and recognized for its excellent strength and stiffness as compared to its Buy Now weight. Carbon fiber is preferred everywhere, from high-end automobiles and sporting goods such as snow boards to aerospace and medical solutions. Aerospace engineers are focusing on carbon Safe and Secure SSL Encrypted fiber material to build aircraft bodies, owing to its unique properties such as lightweight, high Get A Special pricing for start-ups and universities. stiffness, high temperature tolerance, high chemical resistance, etc. Moreover, the demand for carbon fiber is anticipated to rise in building & construction industry due to lack of need for Request Discount maintenance and repair work for products made of carbon fiber. Companies are expected to invest in R&D to develop carbon fiber materials for a wide range of applications in various fields such as electrochemistry, water treatment, etc. Therefore, manufacturers should tap into numerous - Need More Info? - opportunities in carbon fiber in order to broaden their revenue streams. Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Overview of Global Carbon Fiber Market We offer 100% Free Customisation at the time of purchase Carbon fiber is a polymer and is sometimes known as graphite fiber. It is a very strong material that is also lightweight. Carbon fiber is five-times stronger than steel and twice as stiff. Carbon fiber possesses several advantages such as high stiffness, high tensile strength, high strength- Connect To Analyst to-weight ratio, high chemical resistance, high-temperature tolerance, and low thermal expansion, making it an ideal material to manufacture several parts. It is popularly utilized in specialized, high-performance products such as aircraft, racecars, and sporting equipment. - Trusted Partners - Therefore, carbon fiber is favored by engineers and designers for manufacturing. https://www.transparencymarketresearch.com/carbon-fiber-market.html 1/6

2. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 Polyacrylonitrile (PAN) accounts for almost 90% of all carbon fiber production. The remaining Quick Contact 866-552-3453 10% is composed of rayon or petroleum pitch. These substances are all organic carbon fiber reinforced polymer, which have lengthy chains of molecules joined by forged carbon atoms. +1-518-618-1030 Contact by email Request a sample to get extensive insights into the Carbon Fiber Market Rise in Demand for Lightweight Materials in Automotive and Aerospace Industries to Drive Market Why trust Us? Serving 1000 Fortune Companies in 200+ countries The automotive industry has been constantly pushing toward enhancement of automobile features in order to cater to increasing mileage and emission requirements. Advanced carbon fiber materials are essential to boost the fuel economy of modern automobiles, while - Related Reports - maintaining safety and performance. Replacing cast iron and traditional steel components with Cut Resistant Fabrics Market lightweight carbon fiber materials can directly reduce the weight of a vehicle's body and chassis Hexane Market by up to 50% and consequently, reduce a vehicle's fuel consumption. Carbon fiber has the Ethylene Propylene Diene Monomer Market highest strength and stiffness per density of any material, including metals. This makes it ideal Sodium Cyanide Market for high-performance, track-focused vehicles where every pound shed can potentially increase Foundry Chemicals Market acceleration and top speed. Commercial airlines are progressively making greater use of carbon fiber composites to build aircraft bodies; for instance, Boeing 787 Dreamliner and the Airbus A350 XWB are leading the way. Aerospace engineers design their dream planes with carbon fiber composite structural materials, as carbon fiber is stronger than steel, lighter than aluminum, and can be molded into virtually any shape. Carbon fiber sheets are poised to overtake metal as the preferred structural material for aircraft in the future when superior aerodynamics, lower fuel costs, and fewer component requirements are taken into account. Therefore, demand for advancements in automotive and aerospace industries is expected to drive the carbon fiber market. Increase in Demand for Carbon Fiber in Generation of Wind Energy Wind turbines are being constructed or planned with increasingly large rotor diameters due to the growing demand for energy and better cost-efficiency (energy cost). Carbon fiber-based composites make an important contribution in wind turbines owing to their high strength and stiffness as well as low density. They can be used to produce sleek, aerodynamically efficient rotor blade structures with adequate stiffness in order to withstand extreme stresses. Wind blades containing carbon fiber weigh 25% less than those made from traditional fiberglass material. That means carbon fiber blades could be longer than fiberglass ones and, therefore, capture more energy in locations with low wind. A switch to carbon fiber could also extend blade lifetime, as carbon fiber materials have a high fatigue resistance. Therefore, carbon fiber is expected to be of great importance for generation of wind energy. High Strength and Stability Boost Demand for Polyacrylonitrile-based (PAN) Carbon Fiber Based on product type, the global carbon fiber market has been segmented into PAN-based, pitch-based, and others. The pan-based carbon fiber product is expected to hold around 86.7% share of the market in 2021. It is projected to grow at a rate of 7% to hold 88.2% of market share by 2031. Polyacrylonitrile (PAN) is mostly used as a precursor for carbon fiber due to its superior strength and stability, and higher carbon yield. About 90% of the carbon fiber produced is made from PAN and the remaining 10% is made from rayon or petroleum pitch. PAN precursors does not melt and can be dissolved in suitable solvents. It is comparatively less expensive and offers competitive mechanical properties as compared to pitch-based carbon fibers. PAN-based carbon fibers are extensively utilized in the manufacture of aircraft components and missile and space applications. Therefore, PAN is the dominant precursor for the production of carbon fiber. Regional Outlook of Global Carbon Fiber Market https://www.transparencymarketresearch.com/carbon-fiber-market.html 2/6

3. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 In terms of value, the global carbon fiber market was dominated by Asia Pacific, which accounted for 33.1% market share in 2021. The market in the region is expected to grow at a CAGR of 7.5% during the forecast period, driven by high demand for carbon fiber composites from automotive and wind energy industries in the region. North America held 32.04% share of the global carbon fiber market in 2021. Its share is anticipated to rise marginally to 33.03% in 2031, propelled primarily by the rising need for carbon fiber in the aerospace industry. The cumulative market share held by Latin America and Middle East & Africa is expected to decline by 1.07% during the forecast period. However, the carbon fiber market in both regions is expected to grow at a prominent CAGR, owing to the rise of end-use industries in these regions. Analysis of Key Players in Global Carbon Fiber Market The global carbon fiber market is fragmented, with a large number of small- and medium-scale vendors controlling majority of the share. Most of the firms are investing substantially in comprehensive research and development activities, primarily to develop environment-friendly products. Diversification of product portfolios and mergers & acquisitions are prominent strategies adopted by key players. Leading producers of carbon fiber across the globe include Toray Industries Inc, Hexcel Corporation, Formosa Plastics Corp, Teijin Carbon, Mitsuibishi, and SGL Carbon. Each of these players has been profiled in the carbon fiber market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Request a custom report on Carbon Fiber Market Key Developments in Global Carbon Fiber Market On April 13, 2022, SGL Carbon presents carbon fiber material and forged carbon fiber composite solutions for automotive series production and industrial applications. At this year’s JEC World, SGL is expected to present the so-called stacks, precisely tailored and customer-specifically assembled packages of carbon fiber layers. Experts at SGL Carbon are working closely with their customers to make component production with the material carbon particularly efficient and to integrate it optimally into existing customer processes. On October 4, 2021, Toray Industries, a market-leading carbon fiber and advanced composite materials supplier, announced that it is likely to showcase its wide range of high-performance materials for the composite market at the upcoming Composites and Advanced Materials Expo (CAMX) on October 19- 21 in Dallas, Texas, U.S. The Toray booth would feature its specialized product portfolio including forged carbon fiber and advanced thermoplastic and thermoset composite materials for aerospace and defense, consumer, and industrial markets. On March 10, 2022, Hexcel Corporation (NYSE: HXL) announced that it would showcase its unique portfolio of forged carbon that has been optimized for thermoplastic processing applications when the company exhibits at the American Composites Manufacturers Association (ACMA) Thermoplastic Composites Conference, beginning March 22 in San Diego, U.S. Hexcel is the only carbon fiber manufacturer able to supply its range of fibers with or without sizing, making HexTow upsized fibers the go-to option for thermoplastic specialists due to their enhanced processing properties. Global Carbon Fiber Market Snapshot Attribute Detail https://www.transparencymarketresearch.com/carbon-fiber-market.html 3/6

4. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 Market Forecast Value US$  2.5 Bn in 2021 Market Forecast Value US$ 4.5 Bn in 2031 Growth Rate 6.8% (CAGR) Forecast 2022–2031 Period Historical 2020 Data Quantitative US$ Bn for Value and Tons for Volume Units It includes cross segment analysis at global as well as regional level. Furthermore, Market qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Analysis Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Competition Landscape Format Electronic (PDF) + Excel Product PAN-based Pitch-based Others Technology Prepreg Layup Pultrusion Winding Press & Injection Molding Others Application Automotive & Transportation Interior Exterior Others Construction Aerospace & Defense Sports & Leisure Marine and Oil & Gas Wind Energy Others Market Segmentation https://www.transparencymarketresearch.com/carbon-fiber-market.html 4/6

5. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 North America Latin America Europe Asia Pacific Middle East & Africa Regions Covered U.S. Canada Germany U.K. France Spain Italy Russia & CIS Japan China India ASEAN Brazil Mexico GCC Countries South Africa Countries Covered Toray Industries Inc. Hexcel Corporation Formosa Plastics Corp Teijin Carbon Mitsubishi SGL Others Companies Profiled Customization Available upon request Scope Pricing Available upon request Interested in this report? Get a FREE sample now! Get Free Sample *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the carbon fiber market in 2021? The market stood at US$ 2.5 Bn in 2021. How is the market expected to grow by 2031? What are the key drivers of the carbon fiber market? https://www.transparencymarketresearch.com/carbon-fiber-market.html 5/6

6. 8/30/22, 11:20 AM Carbon Fiber Market | Global Industry Report, 2031 Which was the largest segment of the carbon fiber market in 2021? Which region was the most lucrative in the carbon fiber market? Who are the prominent players in the carbon fiber market? - Help - - Follow Us - Terms Of UseCustomer FAQHow To OrderPrivacy PolicySitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved https://www.transparencymarketresearch.com/carbon-fiber-market.html 6/6