The Global Carbon Fiber Market is projected to reach a value of over USD 10 billion by 2027 at a CAGR of around 10.8%.
Carbon fiber is a compound of carbon atoms bonded together to form a long chain, and they are also known as graphite fiber. They are extremely stiff, strong and light-weight owing to which it is preferred by designers and engineers for manufacturing. Moreover, it can also be applied to existing composite materials as reinforcement and corrosion-resistant. It also can be used to reinforce the existing structure without standing out like bulky support beams and pillars.
Market Driver:
The rise in the manufacturing of aircraft is one of the key drivers for the carbon fiber market. According to the International Air Transport Association, the global aviation industry generated approximately USD 2.7 trillion in 2018. This is attributed to the increasing passenger fleet on the backdrop of a rise in international tourism as well as business trips. The rise in disposable income of the consumers is a vital factor supporting the demand for aircraft manufacturing. According to the Boeing Market Outlook, there will be a rising requirement for 44,040 new jets and related services by 2018. This will result in increased manufacturing of aircraft and aircraft components, which in turn, will drive the global aerospace valves market.
Market Opportunity:
3D printing technology is a process of printing a 3D object from the digital model by stacking thin materials. This technique is used in various industries as it can build several objects in a shorter time span. Owing properties offered by carbon fiber such as higher strength and rigidity as compared other metallic materials it is being used in 3D printing. The content and orientation of carbon fiber are controllable, which eases the optimization process. 3D printing using carbon fibers also allows for high accuracy in the manufacturing of parts for various end-use industries such as aerospace, automotive, and dental. This technology will transform the carbon fiber manufacturing process and will offer significant opportunities for market players.
The report on the Carbon Fiber market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (kilotons) |
Segments Included |
Raw Material, Fiber Type, Product Type, Application, End-use and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Carbon Fiber Market, by Raw Material
Carbon Fiber Market, by Fiber Type
Carbon Fiber Market, by Product Type
Carbon Fiber Market, by Application
Carbon Fiber Market, by End-Use
Carbon Fiber Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE CARBON FIBER MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY