COVID19:Carbon Fiber Market — Global Industry Analysis and Forecast 2020 to 2027

  • According to the new market research report “Carbon Fiber Market by Raw Material (PAN Based Carbon Fiber, Pitch Based Carbon Fiber, Rayon Based Carbon Fiber), by Fiber Type (Virgin Carbon Fiber, Recycled Carbon Fiber), by Product Type (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber), by Application (Composite and Non-composite), by end-use (Aerospace & Defense, Automotive, Wind Turbine, Sports Equipment, Construction, Others) by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global carbon fiber market is estimated to reach USD 10 Billion by 2027 at a CAGR of around 10.8% during the review period.
  • Carbon fibers are also commonly known as graphite fiber, is a compound of a carbon atom bonded together to form a long chain
  • Versatility, durability, and strength such properties make it valuable across various industries such as aerospace & defense, construction, automotive, medical equipment, and others
  • However, owing during ongoing COVID 19 pandemic various industries the shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand-supply gap.
  • Rise in manufacturing of aircraft owing to rising international tourism, rise in disposable income, and others has expected to surge the demand for carbon fiber market
  • Use of carbon fiber in 3D printing technology will offer a significant opportunity for the market players
  • Higher cost of carbon fibers may hamper product growth. Moreover, Oak Ridge National Laboratory (ORNL) located in the US is aggressively working to define low-cost carbon fiber (LCCF) technologies.
  • North America
  • Europe
  • TORAY INDUSTRIES, INC.:
  • TEIJIN LIMITED:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach