Carbon Fiber Market Share is Expected to Grow at a CAGR of 9.82% by 2035 | ChemAnalyst

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Carbon Fiber Market is Expected to Grow at a CAGR
of 9.82 by 2035 ChemAnalyst
According to ChemAnalyst report, Carbon Fiber
Market Analysis Plant Capacity, Production,
Operating Efficiency, Demand Supply, End-Use
Industries, Sales Channel, Regional Demand,
2015-2035. Carbon Fiber market witnessed a
demand of around 0.15 million tons globally in
2021 and is anticipated to grow at a significant
rate with a healthy CAGR of 9.82 until 2035
owing to its surging demand in automotive sector
and wind energy. Carbon Fiber is a polymer also
known as graphite fiber. It is a strong and
lightweight material. Carbon Fiber is stronger
and stiffer than Steel and Aluminum, which makes
it ideal for manufacturing material. Carbon fiber
is made of thin, strong crystalline filaments of
carbon which is used to provide strength to the
material. Fiber can be thinner than the width of
human hair and get its strength when twisted
together like yarn. Carbon fiber have high
tensile strength, low weight to strength ratio,
high chemical resistance, and temperature
tolerant to excessive heat. Due to numerous
properties of the polymer, it finds application
in many industries such as aerospace,
automotive, defense and sports.
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Read Full Report Here https//www.chemanalyst.com
/industry- report/carbon-fiber-market-676 Carbon
fiber or graphite fiber is used in a wide range
of industries specifically those industries
where strength and weight play a significant
role. Industries like Aerospace, automobile,
defense have huge demand of carbon fiber due to
its physical properties. In modern day, parts of
formula one cars are made up of composites of
Carbon Fiber. Region wise, Europe holds the
largest share in the Carbon Fiber market
followed by North America. Carbon Fiber market in
Asia pacific region is going to increase in the
forecast period due to increase in demand in
automobile and wind energy farms. Europe holds
majority share of consumption of carbon fiber
due to presence of key players of aviation,
defense and automobile sector will be going to
dominate the market in the forecast
period. Sample Request https//www.chemanalyst.c
om/ChemAnalyst/RequestForm To counter the
increasing demand from end user industries
globally, companies like Teijin Limited, Hyosung
Advanced Materials, Toray Industries have
announced new expansion project in their already
existed facilities. China is expected to be a new
market leader in the carbon fiber market,
several Chinese manufactures such as Zhongfu
Shenying Carbon Fiber, Kangde Composites Co.,
Ltd., Weihai Guangwei Composites Co Ltd are
already in the development phase for carbon
fiber plants in the APAC region. Sabic (Saudi
Arabia) is also working on their new facility to
introduce carbon fiber by the year of 2024.
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Major players for Glass Fiber globally are Toray
Industries Inc, Hexcel Corporation, Formosa
Plastic Corporation, Teijin Limited, Zhongfu
Shenying carbon fiber and Mitsubishi Chemical
carbon fiber Composites Inc. Owing to
extensive properties offered by Carbon fiber it
is widely used in end use industries such as
Aviation, Defense, Wind energy and Sports
equipment industries. Demand from these
industries is anticipated to grow with a
significant rate in the coming years. To
compensate the growing demand, several
manufactures are already planning for the
expansion or adding new facilities. said Mr.
Karan Chechi, Research Director with TechSci
Research, a research based global management
consulting firm promoting ChemAnalyst.
Report Scope In this report, Carbon Fiber
market has been segmented into following
categories, in addition to the industry trends
which have also been detailed below
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Attribute Details
Market size volume by 2035 0.41million Tonnes
Growth Rate CAGR of 9.82 from 2022 to 2035
Base year for estimation 2021
Historic Data 2015 2020
Forecast period 2022 2035
Quantitative units Demand in Million Tonnes and CAGR from 2021 to 2035
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered By End-Use (Aerospace Defense, Automotive, Sporting Goods, Wind Energy, Civil Engineering, and others) By Sales Channel (Direct Company Sale, Indirect Sale)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled Toray Industries Inc, Hexcel Corporation, Teijin Limited, Solvay Composites, SGL Carbon SE, Formosa Plastic Corporation, Kangde Composites Co. ltd, Zhongfu Shenying Carbon Fiber Co. Ltd., and others
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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