Carbon Fiber Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Pan, Pitch); By Fiber; By Modulus; By Product; By Application; By End Use; By Region; Segment Forecast, 2023 - 2032

Carbon Fiber Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Pan, Pitch); By Fiber; By Modulus; By Product; By Application; By End Use; By Region; Segment Forecast, 2023 - 2032

The global carbon fiber market size is expected treach USD 22.20 billion by 2032, according ta new study by Polaris Market Research. The report “Carbon Fiber Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Pan, Pitch); By Fiber; By Modulus; By Product; By Application; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

In the clean economy, carbon fiber is being hailed as a miracle material. Its distinctive combination of great strength and low weight has sparked a revolution in wind energy and improved the fuel efficiency of aircraft. Turbine blades made of carbon fiber can be longer and more stiff than those made of typical fiberglass, which increases their durability at sea and increases their efficiency in less windy circumstances. This is influencing the use of carbon fiber in airplanes.

The material's potential tcreate lighter, more efficient cars is alscatching the attention of automakers. BMW's i3 is equipped with a carbon fiber passenger unit, making it the first mass-produced car of its kind. McLaren recently announced plans topen a factory in Sheffield tmanufacture carbon fiber sports cars. Automakers concentrating on working mass manufacturing & investing in their manufacturing processes tsupport the affordable carbon-based composite materials. This will further fuel the growth and demand for the carbon fiber market in coming years.

As a wonder material for the clean economy, carbon fiber is being more and more lauded. Its distinctive combination of great strength and low weight has sparked a revolution in wind energy and improved the fuel efficiency of airplanes. The need for lightweight cars is expected tincrease along with the demand for automobiles, which is expected tdrive the industry. The desire for fuel-efficient vehicles and strict government regulations addressing carbon emissions are the main factors driving the industry growth.

Carbon Fiber Market Report Highlights

Pan based carbon fiber is projected texperience a higher growth rate owing tthe increasing demand in aerospace, general industrial parts, and sporting goods.

Continuous Carbon Fiber is accounted largest share due tincreased usage in different parts like aerospace, military, automotive and wind energy.

Composite application is expected thave a higher growth rate because of extensive use of composite carbon fiber in the defense sector.

The Wind Energy segment is projected twitness significant growth due tthe increasing in the usage of carbon fiber in manufacturing of wind turbine blades.

Europe is projected twitness higher growth due tincreasing demand for carbon as a result of the expanding automotive sector in the area.

The global players include Toray Industries, DowAksa, Mitsubishi Chemical, Solvay, Teijin Limited, Hyosung Advanced Materials, Zhongfu Shenying Carbon, Formosa Plastics, SGL Carbon, Hexcel Corporation, Jiangsu Hengshen, & Jilin Chemical Fiber.

Polaris Market Research has segmented the Carbon Fiber Market report based on raw material, fiber, modulus, product, application, end use and region:

Carbon Fiber, Raw Material Outlook (Revenue - USD Billion, 2019 - 2032)

Pan-based carbon fiber

Pitch-based carbon fiber

Carbon Fiber, Fiber Outlook (Revenue - USD Billion, 2019 - 2032)

Virgin Carbon Fiber

Recycled Carbon Fiber

Carbon Fiber, Modulus Outlook (Revenue - USD Billion, 2019 - 2032)

Standard Modulus

Intermediate Modulus

High Modulus

Carbon Fiber, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Continuous Carbon Fiber

Short Carbon Fiber

Long Carbon Fiber

Carbon Fiber, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Composite

Non-composite

Carbon Fiber, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

Aerospace and Defense

Automotive

Wind Energy

Pipes and Tanks

Sporting Goods

Carbon Fiber, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa