The global Carbon Fibers market is forecast to grow at a rate of 10.6% in terms of value, from 2020 to reach USD 12.06 Billion by 2028, according to a new report by Reports and Data. Carbon fibers are a thin, long strand of material made from carbon. The content of carbon is more than 90% for standard modulus carbon and approximately 100% for high modulus carbon fiber. It is produced by baking precursors such as pitch, rayon, PAN, or other organic fiber in an inert atmosphere to dissociate elements other than carbon.
The market for carbon fibers is gaining momentum because of a number of factors like rise in demand for fuel-efficient vehicles and the launch of new products. Additionally, the government is putting stress on encouraging the wind energy industry and propelling the usage of materials that are utilized to manufacture composite parts of aircraft. Expensive rates and insufficient product capability of these fibers are limiting the growth of the market. Moreover, once there a dint or a crack in the product, it is not recyclable and cannot be fixed.
Top Companies Operating in the Global Carbon Fibers Market:
Teijin Limited, Toray Industries Inc., Mitsubishi Rayon Co., Ltd., SGL Group, Formosa Plastics Corporation, Hexcel Corporation, Solvay, Formosa Plastics Corporation, Dowaksa, and Jiangsu Hengshen Co. Ltd.
Get a sample copy of the global Carbon Fibers market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2788
Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Carbon Fibers market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Carbon Fibers market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Carbon Fibers market key players
3.2 Global Carbon Fibers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Carbon Fibers market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/carbon-fibers-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Carbon Fibers Market Segmentation
Raw Materials Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Pan-Based Carbon Fibers
- Pitch-Based Carbon Fibers
- Rayon-Based Carbon Fibers
Fiber Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Virgin Carbon Fibers
- Recycled Carbon Fibers
Industry Verticals Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Sports/Leisure
- Automotive
- Aerospace and Defense
- Wind Energy
- Civil Engineering
- Marine
- Electrical Electronics
- Pipe and Tank
- Others
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2788
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blog: https://www.reportsanddata.com/blogs
