Carbon fibers seek huge adoption in the aerospace and automotive industries. In the automotive sector, growing demand for lightweight panels will drive demand for carbon fiber. In the aerospace sector, surging demand for commercial aviation in light of rising disposable income of consumers will remain a key factor influencing adoption of carbon fiber in aircrafts. Some other applications of carbon fiber include leisure and sports. This report, compiled by Fact.MR, provides in-depth analysis
of the global carbon fiber market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.A splendid expansion at 8.1% CAGR has been projected for the carbon fiber market, in terms of volume, between the forecast period 2017 and 2026. Revenues from worldwide sales of carbon fiber are poised to exceed US$ 5,500 Mn by 2026-end.
Demand for carbon fiber has surged significantly owing to its properties including low moisture absorption, high temperature resistance, exceptional mechanical characteristics, and relatively lower price. Several architectural construction projects are creating high demand for carbon fiber-reinforced concrete, for example - repairing aging bridges and buildings. Use of carbon fibers significantly curtails time required for various construction activities, which in turn helps in reducing overall expenses.
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APEJ will Remain Dominant in Global Carbon Fiber Market
In terms of value, the global market for carbon fiber will continue to be dominated by Asia-Pacific excluding Japan (APEJ), mainly driven by increasing investments in the infrastructure development in emerging countries such as India and China, along with robust expansion of the automotive sector in the region. Europe is also expected to be a lucrative region for the carbon fiber market, owing to strict laws and regulations implemented by the governments for reducing the environmental pollution caused by vehicles, which has led the automotive manufacturers in the region to opt for vehicle lightweighting.
Rapid growth of the aviation industry has led to demand for lightweight and robust materials for fabrication of aircraft components. Carbon fibers have become an effective solution for curtailing production time. Aerospace & defense will continue to be the largest end-user of carbon fiber. Use of carbon fiber in the automotive industry will also witness a significant rise, as carbon fibers witness increasing adoption in production of automobile for reducing the vehicle weight and enhancing the vehicle performance.
Key Research Findings from the Report
Occupancy of a large number of players has made the nature of the global carbon fibers market to be fragmented, with intensity of competition among players surging at a significant rate. Global reach of well-established market players and high capital investment for entering the market have created barriers for new market players. In a bid to sustain themselves in this highly competitive market, vendors are competing one another in terms of customer-centrism, price, quality, performance, and innovation. Key market players identified by the report include Hyosung, Kemrock, Dow/AkSA, Cytec, Hexcel, SGL, Formosa Plastics, Mitsubishi Rayon, Toho Tenax, and Toray.
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of the global carbon fiber market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.A splendid expansion at 8.1% CAGR has been projected for the carbon fiber market, in terms of volume, between the forecast period 2017 and 2026. Revenues from worldwide sales of carbon fiber are poised to exceed US$ 5,500 Mn by 2026-end.
Demand for carbon fiber has surged significantly owing to its properties including low moisture absorption, high temperature resistance, exceptional mechanical characteristics, and relatively lower price. Several architectural construction projects are creating high demand for carbon fiber-reinforced concrete, for example - repairing aging bridges and buildings. Use of carbon fibers significantly curtails time required for various construction activities, which in turn helps in reducing overall expenses.
Request Free Sample Report Here:
https://www.factmr.com/connectus/sample?flag=S&rep_id=466
APEJ will Remain Dominant in Global Carbon Fiber Market
In terms of value, the global market for carbon fiber will continue to be dominated by Asia-Pacific excluding Japan (APEJ), mainly driven by increasing investments in the infrastructure development in emerging countries such as India and China, along with robust expansion of the automotive sector in the region. Europe is also expected to be a lucrative region for the carbon fiber market, owing to strict laws and regulations implemented by the governments for reducing the environmental pollution caused by vehicles, which has led the automotive manufacturers in the region to opt for vehicle lightweighting.
Rapid growth of the aviation industry has led to demand for lightweight and robust materials for fabrication of aircraft components. Carbon fibers have become an effective solution for curtailing production time. Aerospace & defense will continue to be the largest end-user of carbon fiber. Use of carbon fiber in the automotive industry will also witness a significant rise, as carbon fibers witness increasing adoption in production of automobile for reducing the vehicle weight and enhancing the vehicle performance.
Key Research Findings from the Report
- PAN-based CF will remain preferred among precursor materials in the market
- Small tow size of carbon fibers will remain sought-after among end-users in the market
Occupancy of a large number of players has made the nature of the global carbon fibers market to be fragmented, with intensity of competition among players surging at a significant rate. Global reach of well-established market players and high capital investment for entering the market have created barriers for new market players. In a bid to sustain themselves in this highly competitive market, vendors are competing one another in terms of customer-centrism, price, quality, performance, and innovation. Key market players identified by the report include Hyosung, Kemrock, Dow/AkSA, Cytec, Hexcel, SGL, Formosa Plastics, Mitsubishi Rayon, Toho Tenax, and Toray.
Have Any Query?? Ask Our Industry Expert:
https://www.factmr.com/connectus/sample?flag=AE&rep_id=466
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