Carbon Fiber Market was valued at US$ 4.13 Bn. in 2021. Global Carbon Fiber Market size is estimated to grow at a CAGR of 8.8% over the forecast period.
Carbon Fiber Market Drivers, Trends, regional analysis and forecast by 2029.
As per Maximize Market research, a global business research and consultancy firm, the market value for the Carbon Fiber marketwas valued at US$ 4.13 Bn. in 2021. Global Carbon Fiber Market size is estimated to grow at a CAGR of 8.8% over the forecast period.
An in-depth analysis of statistics on current and emerging trends sheds light on the dynamics of the Carbon Fiber Market. In order to evaluate the importance of many factors, including threats provided by various agents, competitive strength, and the ability of bright young businesses to understand a resource, the study covers Porter's five forces. The research did a micro-level analysis of each country to establish the total market size by country and segments. A bottom-up methodology is used to estimate the size of the regional and global markets. It is feasible to ascertain the contribution of the unorganized market to the size of the overall market by performing a micro-level analysis of each country. The results are then verified by speaking with prominent local businesspeople in interviews.
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Carbon Fiber Market Key players:
• Toray Industries Inc. (Japan)
• SGL Group (Germany)
• Hexcel Corporation (U.S.)
• Mitsubishi Rayon Co. Ltd. (Japan)
• Teijin Limited (Japan)
• Plastics Corporation (Taiwan)
• Solvay (Belgium)
• Jiangsu Hengshen Co. Ltd. (China)
• Hyosung (South Korea),
• DowAksa (Turkey).
• BASF SE
• SGL Group
• Teijin Limited
• Mitsubishi Rayon Co., Ltd.
• Hexcel Corporation
The results are then verified through interviews with prominent local businessmen. Due to the SWOT analysis of each player, PESTLE analysis, and Porter's analysis benchmarking of significant players on several metrics, this report is distinct and a guide for investors. The supply and consumption information for each participant is gathered from reputable third-party databases, official government databases, and yearly reports in the case of publicly traded enterprises. If a company's annual reports are not publicly available, you might ask the local government's tax division for them.
Our market forecasting is based on a market model, which bases its assumptions on the market's dynamics, connectivity, and recognized impacting factors. Factual information was acquired to support these claims using primary and secondary research techniques, regression analysis, and extensive interviews with industry representatives.
Carbon Fiber Market Segmentation:
As there is a growing need for carbon fibre with a higher strength to weight ratio, PAN precursor is frequently used because of its superior material qualities. The segment growth is also anticipated to be supported by PAN's lower cost when compared to pitch-based carbon fibre.
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COVID-19 Impact:
The three major impacts of COVID-19 on the global economy are immediate changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Following COVID-19 concerns, the market will offer attractive opportunities for producers, according to our analysts who are monitoring the global situation. The purpose of the report is to further highlight the impact of the current environment, economic recession, and COVID-19 on the industry as a whole.
Regions:
North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa are the key geographies that are examined in this market study (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications and other manufacturing sectors.
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Nov 24, 2022