Carbon Fiber Market Share, Industry Growth, Business Strategy, Trends and Regional Outlook 2029

Carbon Fiber Market Overview:

The Carbon Fiber Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Carbon Fiber Market, as well as the causes for variances in the industry's growth in different regions.

Market Scope:

Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

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Segmentation:

Pitch or polyacrylonitrile (PAN) are the primary raw materials used in the manufacture of carbon fibre. Due to its superior qualities, PAN is projected to be more extensively accepted in a number of applications. In 2026, there will be a need for more than 225 kilotons of PAN, as the market for PAN is expected to have a CGAR of 13.1%.
Because of its superior material properties, PAN precursor is widely used to produce carbon fibre that has a greater strength to weight ratio. PAN's cheaper cost compared to pitch-based carbon fibre is also expected to assist the segment's expansion.

The aircraft industry requires tiny tow fibre, making it a market driver based on end-user.The fabrication of this little tow is used mostly in significant supply chains in Asia for aerospace industry.Airbus's introduction of carbon fibre composite rubber for the A300 and A310 is quickly followed by the use of carbon fibre in commercial aerospace.Due to the market's high composite carbon fibre composition, this kind of innovation has persisted to this day. The automotive sector has gradually increased its use of CF and CFRP and has maintained growth at a compound annual growth rate of 25%; higher growth rates are anticipated in the coming years.

Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The biggest players in the Carbon Fiber Market are as follows:

1. Toray Industries Inc. (Japan)
2. SGL Group (Germany)
3. Hexcel Corporation (U.S.)
4. Mitsubishi Rayon Co. Ltd. (Japan)
5. Teijin Limited (Japan)
6. Plastics Corporation (Taiwan)
7. Solvay (Belgium)
8. Jiangsu Hengshen Co. Ltd. (China)
9. Hyosung (South Korea),
10. DowAksa (Turkey).
11. BASF SE
12. SGL Group
13. Teijin Limited
14. Mitsubishi Rayon Co., Ltd.
15. Hexcel Corporation

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Carbon Fiber Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

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COVID-19 Impact Analysis on Carbon Fiber Market:

End-user industries where Carbon Fiber Market are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Carbon Fiber Market manufacturers, influencing the development of the Carbon Fiber Market in 2020. End-user business demand for Carbon Fiber Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Carbon Fiber Market Report are: