Share for Global Carbon Fiber Market Size Will Reach USD 3.3 Billion by 2021: Zion Market Research

Posted on
by

According to the report, the global carbon fiber market volume accounted for around 35-kilotons while market revenue accounted for approximately USD 1.9 Billion in 2015 and is expected to reach approximately USD 3.3 Billion by 2021, growing at a CAGR of around 9.8% between 2016 and 2021.

Zion Market Research has published a new report titled “Carbon Fiber Market (Polyacrylonitrile (PAN) based, Pitch-based, and Others) for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. The global carbon fiber market volume accounted for around 35-kilotons while market revenue accounted for approximately USD 1.9 Billion in 2015 and is expected to reach approximately USD 3.3 Billion by 2021, growing at a CAGR of around 9.8% between 2016 and 2021.

Carbon fiber composites are usually preferred in applications where strength, low weight, stiffness and outstanding fatigue characteristics are necessary requirements. Several thousand carbon fibers are bundled together to form a tow, which may be used by itself or woven into a fabric. Carbon fiber composites are relatively new and refined material that has found many uses in the field of automobiles, aviation, sports, construction and even medical devices. Various types of carbon fibers are manufactured across the globe. These include polyacrylonitrile (PAN) based, rayon-based, pitch-based and others. Pitch-based and PAN-based carbon fibers are the major product segments of the global carbon fiber market.

Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/carbon-fiber-market

Polyacrylonitrile (PAN) based product type accounted for the major share of carbon fiber market globally. PAN-based carbon fiber is followed by pitch-based carbon fiber. While others segment which includes rayon based, polyolefin-based carbon fiber is expected to be fastest growing segment during the forecast period. Wind energy was the largest end-user segment. While automotive is expected to be the fastest growing end-user segment followed by sporting goods during the forecast period.

North America is the largest consumer of carbon fiber in 2015. The consumption in North America is mainly driven by usage of carbon fiber in the U.S. Currently; the U.S. uses almost 60% of the world production of carbon fiber. Europe is second largest consumer of carbon fiber globally. Increasing demand from end-user industries such as aerospace and defense, wind energy, and automotive is expected to drive the carbon fiber market in Europe in the future.

Browse the full “Carbon Fiber Market (Polyacrylonitrile (PAN) based, Pitch-based, and Others) for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” report at https://www.zionmarketresearch.com/market-analysis/carbon-fiber-market

The Asia Pacific market is expected to grow at a swift pace mainly due to rising demand for carbon fiber and their composites from emerging countries in Asia such as India, Japan, and China. Japan is one of the major manufacturers of carbon fiber globally. Japan accounts for almost 50% of the world production capacity. The largest producer of this fiber is Toray Industries of Japan. The world production capacity of pitch-based carbon fiber is almost totally based in Japan. While Latin America and the Middle East & Africa are expected to register noticeable growth during the forecast period.

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/carbon-fiber-market

Some of the key players of the market include Toray Industries, Cytec Industries, Mitsubishi Rayon Co., Ltd., SGL Group – The Carbon Company, Hexcel Corporation, Kemrock Industries and Exports Ltd., Formosa Plastics Corporation, DowAksa, Teijin Ltd, Zoltek Companies, Inc., Kureha Corporation and others.

Request customized copy of report @ https://www.zionmarketresearch.com/custom/112

This report segments the global carbon fiber market as follows:

Global Carbon Fiber Market: Product Segment Analysis

  • Polyacrylonitrile (PAN) based
  • Pitch-based
  • Others

 

Global Carbon Fiber Market: End-user Segment Analysis

  • Aerospace and Defense
  • Wind Energy
  • Construction 
  • Automotive
  • Sports 
  • Others

 

Global Carbon Fiber Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

 

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Media Contact
Company Name: Zion Market Research
Contact Person: Allan Leonetti
Email: Send Email
Phone: +49-322 210 92714
Address:244 Fifth Avenue, Suite N202
City: New York
State: New York, 10001
Country: United States
Website: https://www.zionmarketresearch.com/report/carbon-fiber-market