Carbon fiber is a long, thin strand of material about 0.0002-0.0004 in (0.005-0.010 mm) in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. The crystal alignment makes the fiber incredibly strong for its size. Several thousand carbon fibers are twisted together to form a yarn, which may be used by itself or woven into a fabric. The yarn or fabric is combined with epoxy and wound or molded into shape to form various composite materials. Carbon fiber-reinforced composite materials are used to make aircraft carbon fiber compared to human hair and spacecraft parts, racing car bodies, golf club shafts, bicycle frames, fishing rods, automobile springs, sailboat masts, and many other components where light weight and high strength are needed.
In consumption market, the growth rate of global consumption is smooth relatively. North America, Europe and Japan are still the main consumption regions due to the advanced technology and rapid development of economy.
Carbon fiber can be classified as two types, which depends on the number of fiber, including regular-tow carbon fiber and large-tow carbon fiber. Carbon fiber products offer advantages for advanced material solutions such as light-weight; high-tensile strength, manufacturing flexibility and heat resistance. It can be widely used in many fields. Survey results showed that 19.54% of the carbon fiber market is consumed in aerospace industry, 18.54% in sports/leisure, and the largest consumer is industrial materials with 61.92% in 2016.
The raw material used to make carbon fiber is called the precursor. About 90% of the carbon fibers produced are made from polyacrylonitrile (PAN). The remaining 10% are made from rayon or petroleum pitch. On the global market, supply of raw materials is sufficient.
According to this study, over the next five years the Carbon Fiber market will register a -1.4% CAGR in terms of revenue, the global market size will reach US$ 1680 million by 2024, from US$ 1820 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Carbon Fiber business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Fiber market by product type, application, key manufacturers and key regions and countries.
This study considers the Carbon Fiber value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Regular-Tow Carbon Fiber
Large-Tow Carbon Fiber
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial Materials
Aerospace
Sports/Leisure
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Toray
ZOLTEK (Toray)
Mitsubishi Rayon
Toho Tenax (Teijin)
Hexcel
Formosa Plastics Corp
SGL
Cytec Solvay
Dow Aksa
Hyosung
Taekwang Industrial
Zhongfu Shenying
Jiangsu Hengshen
Weihai Tuozhan Fiber
Bluestar Fibres
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Carbon Fiber consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Carbon Fiber market by identifying its various subsegments.
Focuses on the key global Carbon Fiber manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Carbon Fiber with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Carbon Fiber submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Carbon Fiber . Industry analysis & Market Report on Carbon Fiber is a syndicated market report, published as Global Carbon Fiber Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Carbon Fiber market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.