Carbon Fiber Market to hit USD 5 billion by 2029, grow at a CAGR of +8.2% | Exactitude Consultancy

carbon fiber market

Carbon Fiber Market Analysis Report by Type, by Application and by End Users: Global Opportunity Analysis and Industry Forecast 2023-2029

LUTON, BEDFORDSHIRE , UNITED KINGDOM, November 21, 2023 /EINPresswire.com/ -- “Exactitude Consultancy That Adds Flavour To Your Success”

The Global Carbon Fiber Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Carbon Fiber Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Carbon Fiber Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Carbon Fiber Market in the coming years.

The global Carbon Fiber Market is expected to grow at 8.2% CAGR from 2023 to 2029. It is expected to reach above USD 5 billion by 2029 from USD 2.46 billion in 2022.

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Some of the key players profiled in the study are DowAksa Advanced Composites Holding B.V., Mitsubishi Chemical Holdings Corporation, Nippon Steel & Sumitomo Metal Corporation, OJSC SvetlogorskKhimvolokno, SGL Carbon SE, Teijin Limited (Teijin), Toray Industries Inc., Hexcel Corporation, Solvay SA, and Hyosung Corporation. and other Prominent players.

Industry News and Updates:

In April 2021, Mitsubishi Chemical Corporation integrated subsidiaries at the national level in three countries: the US, the UK, and Germany. By sharing and integrating expertise and resources, this integration will enhance cooperation and further strengthen overall business capabilities in each of these three countries. The company will also attempt to strengthen customer responsiveness based in these countries and provide solutions to each country. Nine subsidiaries in the US, five subsidiaries in the UK, and five subsidiaries in Germany were integrated on April 1, 2021.

In July 2022, Hexcel announced that it has signed a long-term agreement with Dassault to supply carbon fiber prepreg for the Falcon 10X program. This is the first Dassault business jet program to incorporate high-performance advanced carbon fiber composites in the manufacture of its aircraft wings.

Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Carbon Fiber market. The major and emerging players of the Carbon Fiber Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors. This will help players familiarize themselves with the movements of their toughest competitors in the Carbon Fiber market.

The segmental analysis section of the report includes a thorough research study on key Type and application segments of the Carbon Fiber market

Carbon Fibre Market by Raw Materials, 2023-2029, (USD Million), (Thousand Units)

Pan-Based Carbon Fiber

Pitch-Based

Rayon-Based Carbon Fiber

Carbon Fibre Market by Type, 2023-2029, (USD Million), (Thousand Units)

Virgin Fiber

Recycled Fiber

Carbon Fibre Market by Application, 2023-2029, (USD Million), (Thousand Units)

Composite Materials

Textiles

Microelectrodes

Catalysis

Carbon Fibre Market by End-Use Industry, 2023-2029, (USD Million), (Thousand Units)

Aerospace And Defense

Alternative Energy

Automotive

Construction And Infrastructure

Sporting Goods

Other End-User Industries

If opting for the Global version of Carbon Fiber Market; then the below country analysis would be included:

– North America (the USA, Canada, and Mexico)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

Europe stood at USD 0.76 billion in 2020 and is expected to dominate the market during the forecast periods. The regional growth is attributed to the presence of a wide base of electric car manufacturers and the increasing demand for lightweight and fuel-efficient vehicles. Accelerating usage in the aerospace & defense industry is likely to drive regional market growth. Automakers are spending in R&D to develop cost-effective carbon composite materials and are thus driving the automotive business in the region.

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Important years considered in the Carbon Fiber study:

Historical year – 2018-2021;
Base year – 2022;
Forecast period** – 2023 to 2029 [** unless otherwise stated]

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Here's how Exactitude Consultancy helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Carbon Fiber market through the forecast period.

This factor leads to the estimation of the Carbon Fiber market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Carbon Fiber market that will help the stakeholders to be aware of the current investment scenario across the market.

Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Carbon Fiber market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Carbon Fiber market split by different Types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Carbon Fiber market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Carbon Fiber business predictions by region, key countries, and top companies’ information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Carbon Fiber market.

- Updated financial information and product portfolios of players operating in the Carbon Fiber market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Carbon Fiber.

Customization services available with the report:

- Country level market for Carbon Fiber market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.

Please contact our sales professional ( sales@exactitudeconsultancy.com ), we will ensure you obtain the report which works for your needs.

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