Lucintel Forecasts Carbon Fiber Market to Reach $4 billion by 2031
Lucintel Forecasts Carbon Fiber Market to Reach $4 billion by 2031
Blog Article
According to the recent study the carbon fiber market is projected to reach an
estimated $4 billion by 2031 with a CAGR of 5% from 2024 to 2031. Growth in this
market is primarily driven by growth, owing to factors such as increasing demand for
lightweight and fuel-efficient vehicles, aerospace advancements, wind energy
expansion, and growing applications in sports and leisure sectors. Carbon fiber is
widely used in industries such as automotive, aerospace, wind energy, sports
equipment, construction, and marine, among others. The major drivers for market
growth are growing demand for high performance and lightweight composite
materials and increasing performance requirements in the end uses.
Browse 119 figures / charts and 113 tables in this 306 -page report to understand
trends, opportunities and forecast in carbon fiber market by end use (aerospace,
industrial, and sporting goods), precursor type (PAN BASED based and Pitch based
based), tow size (small tow (<=24k) and large tow(>24k)), modulus (standard
modulus, intermediate modulus, and high modulus), and region (North America,
Europe, and the Rest of the World).
Lucintel forecasts that industrial will remain the largest end use segment and
aerospace is expected to witness highest growth over the forecast period.
PAN based carbon fiber will remain the largest segment and pitch based is expected
to witness the highest growth over the forecast period.
Download sample by clicking on carbon fiber market
APAC is expected to remain the largest market and it is also expected to witness the
highest growth over the forecast period due to demand from the industries of
aerospace, automotive, and wind energy.
Toray Industries Inc., Hexcel Corporation, Mitsubishi Chemical Corporation,
Syensqo, SGL Carbon, Teijin Limited, Formosa Plastics Corporation, DowAksa,
Hyosung, Nippon Graphite Fiber Corporation are the major suppliers in the carbon
fiber market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of
more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
trusted advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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