Lucintel Forecasts Carbon Fiber Market to Reach $5.3 Billion by 2028

Category: Business

According to the recent study the carbon fiber market is projected to reach an estimated $5.3 billion by 2028 from $3.6 billion in 2022, at a CAGR of 6.8% from 2022 to 2028. Growth in this market is primarily driven by 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). Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/carbon-fiber-market.aspx “PAN based market is expected to remain the largest segment during the forecast period.” Based on precursor type, the carbon fiber market is segmented into PAN based and pitch based. Lucintel forecasts that the PAN based market is expected to remain the largest segment end use industry and it is also expected to witness the highest growth due to its wide application area in transportation, aerospace/defense, and wind energy industries. “Within the carbon fiber market, the industrial segment is expected to remain the largest end use industry” Based on end use industry, the industrial segment is expected to witness the highest growth over the forecast period due to its wide application area in transportation, aerospace/defense, and wind energy industries. “North America will dominate the carbon fiber market in near future” North America 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. Download Brochure of this report by clicking on https://www.lucintel.com/carbon-fiber-market.aspx Major players of carbon fiber market are adopting various growth strategies like new product launches, exPAN basedsions, merger and acquisitions, partnerships, agreements, and collaborations to exPAN basedd their presence in this market. Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber , Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd. are among the major carbon fiber providers. 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 click on this link https://www.lucintel.com/carbon-fiber-market.aspx or helpdesk@lucintel.com