Carbon Fiber Market 2021 Global Research, Key Players, Industry Overview, Revenue, Market Size, Demand, Applications, Supply and Consumption Analysis 2030

In a recent published report, Kenneth Research has updated the market report for Carbon Fiber Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Carbon Fiber Market products.

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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

Global Carbon Fiber Market was valued at USD 3.23 Billion in the year 2018. Global Carbon Fiber Market is further estimated to grow at a CAGR of 10.56% from 2018 to reach USD 6.53 Billion by the year 2025. The global carbon fiber Market is segmented into, end-user Market type, product type, raw material type, form, and region. By product type, the Market is segmented into Continuous carbon fiber, Long carbon fiber and Short carbon fiber of which Continuous carbon fiber is the largest product type for carbon fiber in terms of volume. On the basis of the end user Market, in the global carbon fiber Market, the aerospace & defense end-use application has been estimated to have the largest Market share in terms of value & volume in 2018.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

North America region holds the highest Market share and is considered as the fastest growing Market in the forecasted period. North America is expected to register the highest demand for carbon fiber, owing to the surge in demand from aerospace and defense, automotive, wind turbine, and sports/leisure industries.

Major market players in Carbon Fiber Market are Toray Industries Inc., Adherent Technologies Inc., TEIJIN Limited, Carbon Conversions, Mitsubishi Rayon Co. Ltd., Cytec Solvay Group, SGL Group, Formosa Plastics Corporation – Tairylan Division, Hexcel Corp., Dowaksa, and brief information of 9 more companies provided in the report. Toray Industries Inc. is the leader with the highest Market share, followed by Teijin and Mitsubishi. Formosa and SGL group are the fourth and fifth-ranked players by revenue.

SWOT analysis of Carbon Fiber Market

Increasing Demand for Fuel-efficient Vehicles
Increases Demand in Sporting Goods/Leisure Market

High R&D investment and cost

Growing popularity of recycled carbon fiber (RCF)

Environmental regulations

Carbon Fiber Market Segmentation
Carbon Fiber Market Overview, By Raw Material
Pan-based carbon fiber
Pitch-based carbon fiber & rayon-based carbon fiber

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Carbon Fiber Market Overview, By Type
Continuous carbon fiber
Long carbon fiber
Short carbon fiber

Carbon Fiber Market Overview, By Form
Composite carbon fiber
Non-composite carbon fiber

Carbon Fiber Market Overview, By End-Use Market
Aerospace & defense
Sporting Goods
Wind Energy
Civil Engineering
Pipe & Tank
Electrical & Electronics

Carbon Fiber Market Overview, By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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The Carbon Fiber Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Carbon Fiber Market before evaluating its possibility.

Reasons to Purchase this Report

*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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