Lucintel Forecasts Carbon Fiber Market to Reach $5.0 Billion by 2030
Lucintel Forecasts Carbon Fiber Market to Reach $5.0 Billion by 2030
Blog Article
According to the recent study the carbon fiber market is projected to reach an
estimated $5.0 billion by 2030 from $3.4 billion in 2023, at a CAGR of 6% from 2023
to 2030. Growth in this market is primarily driven by growth, owing to factors such as
increasing demand for lightweight and fuel-efficient vehicles, aerospace
advancements, wind energy expansion, and growing applications in sports and
leisure sectors. Carbon fiber is widely used in industries such as automotive,
aerospace, wind energy, sports equipment, construction, and marine, among others.
The major drivers for market growth are growing demand for high performance and
lightweight composite materials and increasing performance requirements in the end
uses.
Browse 119 figures / charts and 113 tables in this 306 -page report to understand
trends, opportunities and forecast in carbon fiber market by end use (aerospace,
industrial, and sporting goods), precursor type (PAN BASED based and Pitch based
based), tow size (small tow (<=24k) and large tow(>24k)), modulus (standard
modulus, intermediate modulus, and high modulus), and region (North America,
Europe, and the Rest of the World).
Lucintel forecasts that industrial will remain the largest end use segment and
aerospace is expected to witness highest growth over the forecast period.
PAN based carbon fiber will remain the largest segment and pitch based is expected
to witness the highest growth over the forecast period.
Download sample by clicking on carbon fiber market
APAC is expected to remain the largest market and it is also expected to witness the
highest growth over the forecast period due to demand from the industries of
aerospace, automotive, and wind energy.
Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited,
Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics
Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation,
Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon
Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd.,
Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber , Zhongheng New Material,
Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials
Co., Ltd. are the major suppliers in the carbon fiber market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
trusted advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
Explore Our Latest Publications
Hypersonic Flight Market in copyright
Industrial Truck Market in copyright
Motor For Humanoid Robot Market in copyright
Overhead Travelling Cleaner Market in copyright
Pallet Truck Market in copyright
Recreational Vehicle Market in copyright