The global carbon fiber textile market is projected to reach $1.5 billion by 2026, at a CAGR of 4.1% during 2020-2026. The growth of carbon fiber textile market is driven by growing demand for lightweight and high performance composite materials in in transportation, marine, wind energy, aerospace/defense, and construction industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the carbon fiber textile market by end use industry (aerospace & defense, transportation, wind energy, marine, construction, others), product type (woven, non-crimp), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the carbon fiber textile market?
Q.4 What are some changing demands of customers in the carbon fiber textile market?
Q.5 What are the new developments in the carbon fiber textile market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this carbon fiber textile area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this carbon fiber textile market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of mass production composite component technologies.
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Based on product type, the carbon fiber textile market is segmented into woven, non-crimp. The woven segment is accounted for the largest share of the market in 2020 due to its wide application area in transportation, aerospace/defense, and wind energy industries and is expected to register the highest CAGR during the forecast period due to its better drapablity, optimization in component design, and de-lamination resistance.
Europe is expected to be the largest region over the forecast period due to presence of leading carbon fiber composite component manufacturers. Rest of the World region is expected to witness the highest growth rate during the forecast period due to the expected increase in vehicle production and the growing use of lightweight composites components.
Key Players in the Carbon fiber textile market are Sigmatex, SGL, Seartex, Chomarat, and Vectorply and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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