Carbon Fiber & Graphene Manufacturing in the US - Industry Market Research Report

Carbon Fiber & Graphene Manufacturing in the US - Industry Market Research Report

Carbon Fiber & Graphene Manufacturing in the US

Carbon fiber is a strong, extremely lightweight composite material that can be molded to take on a permanent shape. Carbon fiber has many useful properties which make it a go-to in a wide range of applications. These include corrosion-resistance, low upkeep, excellent durability, high stability and a high level of design freedom. Demand for carbon fiber on an organic basis has grown significantly in recent years and is likely to continue growing robustly moving forward. Carbon Fiber and Graphene Manufacturing industry operators experienced declines in 2020 amid the COVID-19 pandemic. As consumer spending on air travel declined amid the pandemic, industry revenue followed. During 2020, domestic trips taken by US residents declined 58.6%. Having recovered from the COVID-19 pandemic, revenue for the Carbon Fiber and Graphene Manufacturing industry has been growing at a CAGR of 1.8% over the past five years and is expected to reach $2.7 billion in 2023, when revenue is set to grow 0.1%.

This industry manufactures graphene, carbon fiber and other advanced carbon-based materials. The main product made by this industry is PAN-based carbon fiber, which is then used to make carbon fiber composites that have excellent strength-to-weight ratios and durability. Key applications for these products include aerospace, automotive, alternative energy and high-tech electronics. Graphene remains an experimental material with limited, if any, commercial applications.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.