Carbon fiber Thread Market By Product Type (Continuous Carbon Fiber Thread, Chopped Carbon Fiber Thread), By End-Use Industry (Aerospace, Automotive, Sports and Recreation, Construction and Infrastructure, Others): Global Opportunity Analysis and Industry

Carbon fiber Thread Market By Product Type (Continuous Carbon Fiber Thread, Chopped Carbon Fiber Thread), By End-Use Industry (Aerospace, Automotive, Sports and Recreation, Construction and Infrastructure, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global carbon fiber thread market size was valued at $1.6 billion in 2022, and is projected to reach $2.7 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.

Carbon fiber threads are extremely durable, lightweight, and have high tensile strength. They are thin strands or filaments made primarily of carbon atoms. In producing carbon fiber threads, a precursor material such as polyacrylonitrile (PAN), pitch, or rayon is used. If PAN is employed, it undergoes a polymerization process and is spun into fibers or melted into filaments to produce PAN fibers. The precursor fibers are then stabilized by being heated to the proper temperature in an oxygen-free environment. The fibers are heated to temperatures beyond 1000°C in a controlled environment with low oxygen during carbonization, which comes after stabilization. This method generates carbon fiber threads with exceptional strength and low weight by eliminating non-carbon components and turning the fibers into carbon-rich material.

The need for lightweight materials in the automotive industry has increased for several reasons, including better fuel economy, lower emissions, higher performance, increased safety, cost savings, and the rise of the electric and hybrid vehicle markets. Lightweight vehicle structures, such as body panels, chassis parts, and frames, are made using carbon fiber threads. Since it has a high strength-to-weight ratio compared to more traditional materials like steel, it can significantly reduce weight, improving performance and fuel efficiency. Along with shedding weight, enhancing the overall attractiveness, and strengthening the performance of the vehicle, these materials also give the car a premium and sporty look. The manufacture of battery casings for hybrid and electric vehicles also employs carbon fiber threads. The excellent structural integrity and stiffness offered by carbon fiber ensure the security and defense of the vehicle's battery pack. These materials are also used in making suspension components such as control arms, stabilizer bars, and springs. Due to these great uses of carbon fiber threads in the automobile sector, the carbon fiber thread market will experience tremendous growth during the forecast period.

The increased use of various renewable energy sources, especially wind energy, is a result of the growing need for renewable energy due to the negative environmental effects of conventional energy sources like fossil fuels. The remarkable light weight of carbon fiber threads makes them an ideal material for manufacturing wind turbine blades. By using carbon fiber, it is possible to reduce the overall weight of the blades while maintaining their structural integrity. This reduction in weight reduces the mechanical stress on the turbines, improving energy efficiency. In addition, carbon fiber threads have astonishing strength and rigidity, allowing wind turbine blades to withstand dynamic loads and strains encountered during operation, such as intense winds.

Compared to traditional materials like steel, carbon fiber has much higher corrosion resistance. Wind turbines are typically installed in challenging environments, such as coastal regions where exposure to seawater and corrosive substances is common. By incorporating carbon fiber threads into the blade construction, the risk of corrosion-related damage is decreased, resulting in less frequent maintenance requirements and a longer useful life. The design flexibility offered by carbon fiber threads also allows manufacturers to develop intricate blade forms and enhance aerodynamic performance. These factors have contributed to the market growth of carbon fiber threads in wind turbine blade production.

The market expansion is constrained by the higher cost of carbon fiber threads compared to more conventional materials like steel or aluminum. As a result, there may be less demand for carbon fiber threads in cost-sensitive sectors and applications due to increased production costs, including those of raw materials and manufacturing procedures. Polyacrylonitrile (PAN), often known as pitch, is often used as the raw material in carbon fiber production. PAN is processed through a complicated sequence of steps to produce carbon fiber. Costly precursor materials must be processed using specialized equipment and knowledge. Spinning, stabilization, carbonization, and surface preparation are further processes involved in carbon fiber manufacture. It is important to carefully control the temperature, pressure, and other factors during each phase. The intricate, energy-intensive production process utilizes sophisticated machinery.

The carbon fiber thread market is divided on the basis of product type, end-use industry, and region. On the basis of product type, the market is classified into continuous carbon fiber thread and chopped carbon fiber thread. Depending on the end-use industry, the market is segregated into aerospace, automotive, sports and recreation, construction and infrastructure, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global carbon fiber thread market are SGL Carbon, Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites, Inc., TEIJIN LIMITED, TORAY INDUSTRIES, INC., Solvay, Beijing Konfitex Technology Co., Ltd., Formosa Plastics Corporation, ZhongAo Carbon, and KUREHA CORPORATION. These players have adopted various key strategies including agreement, collaboration, expansion, and partnership to increase their market shares.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon fiber thread market analysis from 2022 to 2032 to identify the prevailing carbon fiber thread market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the carbon fiber thread market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global carbon fiber thread market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product Type

Continuous Carbon Fiber Thread
Chopped Carbon Fiber Thread

By End-Use Industry

Aerospace
Automotive
Sports and Recreation
Construction and Infrastructure
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Beijing Konfitex Technology Co., Ltd.
Formosa Plastics Corporation
Hexcel Corporation.
KUREHA CORPORATION
Mitsubishi Chemical Corporation.
SGL Carbon
Solvay S.A.
TEIJIN LIMITED
TORAY INDUSTRIES, INC.
ZhongAo Carbon

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