Global Carbon Fiber Market to reach USD 3.3 Billion by 2021, driven by usage of carbon fiber in the U.S.: Zion Market Research

Posted on
by

Global carbon fiber market volume accounted for around 35 kilo tons 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 Research has published a new report titled “Carbon fiber (Polyacrylonitrile (PAN) based, Pitch-based, and Others) Market for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” The global carbon fiber market volume accounted for around 35 kilo tons 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.

Request “Carbon Fiber Market” Sample Report at https://www.zionmarketresearch.com/sample/carbon-fiber-market

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 is 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.

Polyacrylonitrile (PAN) based product type accounted for major share of carbon fiber market globally. PAN based carbon fiber is followed by pitch-based carbon fiber. While others segment which include 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.

Do Inquiry before buying: https://www.zionmarketresearch.com/inquiry/carbon-fiber-market

In terms of geography, North America was 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 half of the world production of carbon fibers. 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. 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. While, Latin America, and the Middle East and Africa are expected to register noticeable growth during the forecast period. 

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.

Browse the full “Carbon Fiber Market” report with TOC at https://www.zionmarketresearch.com/market-analysis/carbon-fiber-market

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

 

Browse Press Release at: https://www.zionmarketresearch.com/news/global-carbon-fiber-market

About Us

Zion Market Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Zion Market Research is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading industry and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

Media Contact
Company Name: Zion Market Research
Contact Person: Joel John
Email: sales@zionmarketresearch.com
Phone: +1-386-310-3803
Address:4283, Express Lane, Suite 634-143
City: Sarasota
State: Florida
Country: United States
Website: https://www.zionmarketresearch.com/report/carbon-fiber-market