Global Carbon Fibers Market Report 2021: Market to Reach $7.2 Billion by 2027 - An Ideal Lightweight & High-Strength Material for Commercial & Industrial Applications
Dublin, Sept. 01, 2021 (GLOBE NEWSWIRE) -- The "Carbon Fibers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Carbon Fibers Market to Reach $7.2 Billion by 2027
The global market for Carbon Fibers estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2027, growing at a CAGR of 9.5% over the analysis period 2020-2027.
Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sporting Goods segment is readjusted to a revised 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 8.8% CAGR
The Carbon Fibers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
Automotive Segment to Record 10.3% CAGR
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 10.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$438.3 Million in the year 2020 will reach a projected size of US$874.9 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$821.7 Million by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Carbon Fiber - An Ideal Lightweight & High-Strength Material for Commercial & Industrial Applications
Current and Future Analysis
Recent Market Activity
Aerospace & Defense Sector Leads Carbon Fiber Usage
Carbon Fiber: Production Scenario
PAN-based Carbon Fibers - A Major Share of the Market
Carbon Fiber Composites Market: Steady Growth Prospects
Carbon Fiber Prepregs Market - Aerospace Sector to Drive Demand
Cost of Carbon Fiber - A Major Limiting Factor
Improving Economy Buoys General Market Optimism
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Cytec Solvay Group (USA)
DowAksa (Turkey)
Formosa Plastics Corporation (Taiwan)
Hexcel Corporation (USA)
Hyosung Corporation (Korea)
Mitsubishi Chemical Holdings Corporation (Japan)
Mitsubishi Chemical Carbon Fiber and Composites, Inc. (USA)
Nippon Graphite Fiber Corporation (Japan)
SGL Group - The Carbon Company (Germany)
Teijin Ltd. (Japan)
Toho Tenax Co., Ltd. (Japan)
Toray Industries, Inc. (Japan)
Toray Composite Materials America, Inc. (USA)
ZOLTEKT Carbon Fiber (USA)
3. MARKET TRENDS & DRIVERS
Aerospace & Defense Sector: Rising Significance of Carbon Fiber as Manufacturing Material
Rising Demand for New Commercial Aircraft Sets the Tone for Carbon Fibers Market
Increasing Share of Carbon Composites in Commercial Aircraft
Carbon Fiber Composites Find Favor in Aircraft Interiors
Carbon Fiber Emerges as a Material of Choice Replacing Steel in Automotive Industry
Viability of Carbon Fiber for Car Frames
Carbon Fiber Plays Critical Role in Manufacture of Lightweight Vehicles
Environmental Regulations Governing Automotive Industry to Drive Demand
Auto Industry Pursues High-Volume Uses for Carbon Fiber Composites
Development of Innovative Technologies for Carbon Fiber Usage in Mass Production
Hybrid Reinforced Composites - Potential Application in Automotive Industry
Carbon Fiber Fueling Safety in Automotive Industry
Industry Poorly Equipped to Serve Automotive Needs
Carbon Fiber Recycling Presents a Cost-Effective Feedstock Option for Automakers
Wind Energy Sector: Growing Preference for Carbon Fiber over Glass Fiber
Expanding Capacity of Wind Power Promises Growth in Demand for Carbon Fiber
Trend towards Longer & Lightweight Blades Bodes Well for Carbon Fiber Market
Carbon Fiber Holds Advantages over E-glass in Wind Turbine
Challenges Confronting the Switch from E-glass to Carbon Fiber
Carbon Fiber Faces Tough Competition in Wind Turbine Industry
Sports Goods: Rising Potential for Carbon Fiber Usage
Golf Clubs - A Key Carbon Fiber Consumer
Racquets - Sustained Increase in Use of Composites
Snowboards and Skis - A Small Yet Promising Segment
Fishing Rods - Maximum User of Fiber Properties
Carbon Fibers in Sports Wheelchairs for Athletes with Disabilities
Construction Industry: Another Emerging Application for Carbon Fiber
Rising Significance of Carbon Fiber Composites in Building & Construction Industry
Carbon Fiber in Pressure Vessels Manufacturing - A Small Yet Growing Market
Types of Pressure Vessels
MEMS Applications - The Latest Avenue for Carbon Fiber
Composites Find Increased Demand in Marine Industry
Carbon Fiber Resin - Rising Demand for Lightweight Products Fosters Market Growth
Carbon Fiber Recycling - Rising Expectations
Carbon Filler Based Nanocomposites
The LIBRE Project to Develop Novel Technology for Production of Lignin-Derived Carbon Fiber
Carbon Fiber Continues to Face Competition from Traditional Materials
Graphene Fiber - The Latest Development in Carbon Fibers
Complex Recycling & Wasteful Production Process: Issues with Carbon Fiber Use
Carbon Fiber and its Maintenance
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 33
For more information about this report visit https://www.researchandmarkets.com/r/awfbsv
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