Global Carbon Fiber Market 2024-2028

Global Carbon Fiber Market 2024-2028

The carbon fiber market is forecasted to grow by USD 2484 mn during 2023-2028, accelerating AT a CAGR of 6.5% during the forecast period. The report on the carbon fiber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of carbon fibers in aerospace and defense sector, growth of wind power capacities, and increasing collaborations and partnerships in carbon fiber market.

Technavio's carbon fiber market is segmented as below:

By End-user

• Aerospace and defense
• Sports and leisure
• Wind energy
• Automotive
• Others

By Raw Material

• PAN-based
• Pitch-based
• Rayon-based

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the energy-intensive manufacturing process as one of the prime reasons driving the carbon fiber market growth during the next few years. Also, increasing demand for lightweight and high-performance materials and rise in demand from wind energy sector will lead to sizable demand in the market.

The report on the carbon fiber market covers the following areas:

• Carbon fiber market sizing
• Carbon fiber market forecast
• Carbon fiber market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon fiber market vendors that include 3M Co., China Composites Group Corp. Ltd., DowAksa Ileri Kompozit Malzemeler SAN. Ltd. Sti., Evonik Industries AG, Formosa M Co. Ltd., Hexcel Corp., Hyosung Advanced Materials, Kordcarbon AS, Kureha Corp., Mitsubishi Chemical Corp., Nippon Steel Corp., Osaka Gas Co. Ltd., Saudi Arabian Oil Co., SGL Carbon SE, SIMCO Global Technology and Systems Ltd., Solvay SA, Taekwang Group, Teijin Ltd., Toray Industries Inc., and UMATEX ROSATOM State Corp.. Also, the carbon fiber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.