Carbon Fiber Market is projected to reach a value of over USD 10 billion by 2027

Carbon Fiber Market: Summary

The Global Carbon Fiber Market is projected to reach a value of over USD 10 billion by 2027 at a CAGR of around 10.8%.

Carbon fiber is a compound of carbon atoms bonded together to form a long chain, and they are also known as graphite fiber. They are extremely stiff, strong and light-weight owing to which it is preferred by designers and engineers for manufacturing. Moreover, it can also be applied to existing composite materials as reinforcement and corrosion-resistant. It also can be used to reinforce the existing structure without standing out like bulky support beams and pillars.

Carbon Fiber Market: Drivers & Challenges

Market Driver:

The rise in the manufacturing of aircraft is one of the key drivers for the carbon fiber market. According to the International Air Transport Association, the global aviation industry generated approximately USD 2.7 trillion in 2018. This is attributed to the increasing passenger fleet on the backdrop of a rise in international tourism as well as business trips. The rise in disposable income of the consumers is a vital factor supporting the demand for aircraft manufacturing. According to the Boeing Market Outlook, there will be a rising requirement for 44,040 new jets and related services by 2018. This will result in increased manufacturing of aircraft and aircraft components, which in turn, will drive the global aerospace valves market.

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Market Opportunity:

3D printing technology is a process of printing a 3D object from the digital model by stacking thin materials. This technique is used in various industries as it can build several objects in a shorter time span. Owing properties offered by carbon fiber such as higher strength and rigidity as compared other metallic materials it is being used in 3D printing. The content and orientation of carbon fiber are controllable, which eases the optimization process. 3D printing using carbon fibers also allows for high accuracy in the manufacturing of parts for various end-use industries such as aerospace, automotive, and dental. This technology will transform the carbon fiber manufacturing process and will offer significant opportunities for market players.

Carbon Fiber Market: Key Segments

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Carbon Fiber Market: Report Scope

The report on the Carbon Fiber market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (kilotons)

Segments Included

Raw Material, Fiber Type, Product Type, Application, End-use and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

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Carbon Fiber Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Carbon Fiber Market, by Raw Material

Carbon Fiber Market, by Fiber Type

Carbon Fiber Market, by Product Type

Carbon Fiber Market, by Application

Carbon Fiber Market, by End-Use

Carbon Fiber Market, by Region

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL CARBON FIBER MARKET BY RAW MATERIAL, Market Size in USD Million (2019–2027) & Volume (Kilotons)

7 GLOBAL CARBON FIBER MARKET BY FIBER TYPE, Market Size in USD Million (2019–2027) & Volume (Kilotons)

8 GLOBAL CARBON FIBER MARKET BY PRODUCT TYPE, Market Size in USD Million (2019–2027) & Volume (Kilotons)

9 GLOBAL CARBON FIBER MARKET BY APPLICATION, Market Size in USD Million (2019–2027) & Volume (Kilotons)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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