The carbon fiber market reached a value of USD 4.66 billion in 2022 and is projected to expand to USD 10.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.7% during the forecast period from 2023 to 2030.
Carbon fiber Market Forecast, a lightweight and high-strength material, has witnessed significant growth in recent years. This growth can be attributed to its extensive usage across various industries, including aerospace, automotive, sports and leisure, and wind energy, among others. The increasing demand for fuel-efficient vehicles, coupled with the rising need for renewable energy sources, has propelled the adoption of carbon fiber in these sectors.
In the aerospace industry, carbon fiber composites are widely employed due to their exceptional strength-to-weight ratio, contributing to enhanced fuel efficiency and reduced emissions. Moreover, the automotive sector has embraced carbon fiber to manufacture lightweight components, resulting in improved vehicle performance and reduced carbon footprint.
Furthermore, the sports and leisure industry has witnessed a surge in the utilization of carbon fiber materials, particularly in the production of bicycles, golf clubs, and tennis rackets. The superior strength and durability of carbon fiber have made it a preferred choice among athletes and enthusiasts seeking high-performance equipment.
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Market Segmentation:
By Raw Material
- PAN
- Petroleum
- Pitch
- Coal
By Product type
- Long
- Short
- Continuous
By Technology
- Stabilizing
- Carbonizing
- Sizing
- Treating the surface
By End user
- Defence & Aerospace
- Wind Energy
- Automotive
- Electronics & Electrical
- Sports
- Other
Key players:
Mitsubishi Chemical Corporation, Toray Industries Inc., DowAksa, Solvay, Hexcel Corporation, Hyosung Advanced Materials, Zhongfu Shenying Carbon Co., SGL Carbon Ltd, Teijin Limited, Formosa Plastic Corporation and other key players.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Carbon Fiber Market Forecast By Raw Material
9.Emulsion Carbon Fiber Market Forecast By Product Type
10.Emulsion Carbon Fiber Market Forecast By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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