Carbon Fibers Market Is Estimated To Grow At A CAGR Of ~10% During The Forecast Period (2022-2028) – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit WHAT IS THE SIZE OF GLOBAL CARBON FIBER INDUSTRY? Global Carbon Fiber market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Carbon Fiber Market is largely driven by the rising adoption of Carbon Fibers in various sectors like automobile, building, aerospace sectors and various other sectors. Due to the increased need for electricity and increased cost-effectiveness, wind turbines are being built or planned with larger rotor diameters (energy cost). Due to their high strength, stiffness, and low density, carbon fiber-based composites play a significant role in wind turbines. They can be utilized to create rotor blade structures that are svelte, aerodynamically effective, and rigid enough to sustain high stresses. Wind turbine blades constructed of carbon fiber are 25% lighter than those made of conventional fiberglass. Although manufacturers are concentrating on making inexpensive carbon fibers, mass production and commercialization will take some time. Carbon fiber prices must be reduced by mass production if they are to compete with PAN fibers. Due to its high price, carbon fiber’s uses are currently limited. Furthermore, Production declined as a result of COVID-19 across several industries, including the automobile, building, and aerospace sectors. The COVID-19 epidemic has had a significant negative impact on the worldwide automotive supply industry. The majority of the world’s auto manufacturing and sales have abruptly stopped. Additionally, COVID-19 had a significant negative impact on the aerospace and defense sector, a significant end-user of the carbon fiber market, in 2020. GLOBAL CARBON FIBER MARKET BY RAW MATERIAL The Global Carbon Fiber market is segmented by Raw Material into PAN-based and Pitch–based. PAN-based segment held the largest market share in 2022 owing to it being more affordable and producing fiber of higher quality Due to its affordability, high modulus, high tensile strength, and superior fiber quality, it is widely used in aerospace & military, automotive, and sporting goods applications. As there is a growing need for carbon fiber with a higher strength-to-weight ratio, PAN precursor is frequently used because of its superior material qualities. The segment growth is also anticipated to be supported by PAN’s lower cost when compared to pitch-based carbon fiber. GLOBAL CARBON FIBER MARKET BY TYPE The Global Carbon Fiber Market is segmented by Type into Virgin carbon fiber and Recycled carbon fiber. Recycled carbon fiber segment held the largest market share in 2022, the increased demand from the footwear sector is a major driver of market expansion. Demand for lightweight materials is rising in the automotive, aerospace, and defense sectors, Due to its superior advantages like affordability, energy efficiency, lightweight, and environmental sustainability, recycled carbon fiber is being used more and more in the automotive, aerospace, and defense industries. The demand for recycled carbon fibers is rising as a result of the increased environmental rules imposed by regulatory organizations like the European Union (EU) and the US Environmental Protection Agency (EPA) to limit carbon emissions. To Know More about this report, download a Free Sample Report GLOBAL CARBON FIBER MARKET BY TOW SIZE The Global Carbon Fiber market is segmented by Tow Size into Small tow and Large tow. Small tow segment held the largest market share in 2022, as small tow fibers have a high modulus and tensile strength, which makes them widely used in the aerospace sector. Typically, it refers to roving’s with 24,000 (24K) or fewer strands. Carbon fiber is made up of fibers that contain 92% carbon. A tow is created when several parallel filaments are gathered together. Small tow fibers are those with up to 24,000 strands. Due to their high tensile strength and high modulus when used to create composites, which are employed in many applications, little tow fibers are widely used in the aerospace sector. When compared to large tow fibers, small tow fibers are more expensive. GLOBAL CARBON FIBER MARKET BY END-USER The Global Carbon Fiber market is segmented by End-User into Aerospace and Defense, Automotive, Wind Turbines, Sporting goods, Construction and Others. Aerospace and defense segment held the largest market share in 2022, due to the increasing need for lightweight materials in Aerospace and Defense. Further expansion of the application base in the air transport sector is anticipated due to the aviation industry’s rapid growth. PAN-based and pitch-based carbon fibers are in significant demand for the production of commercial aircraft and satellites, respectively. Commercial aviation manufacturers have a significant need for PAN-based carbon fibers for next-generation aircraft to increase their fuel efficiency due to their low weight and corrosion resistance. Key Topics Covered in the Report Snapshot of the Global Carbon Fiber Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Carbon Fiber Market Historic Growth of the Overall Global Carbon Fiber Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Carbon Fiber Industry Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors COVID-19 Impact on the Overall Global Carbon Fiber Market Future Market Forecast and Growth Rates of the Total Global Carbon Fiber Market and by Segments Market Size of Tow Size Segments with Historical CAGR and Future Forecasts Analysis of Global Carbon Fibers in Major Regions Major Type/Supply and Consumption/Demand Hubs within Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Region Major Players Mentioned in the Report Toray Industries, Inc. Sgl Carbon Teijin Limited. Mitsubishi Chemical Carbon Fiber and Composites, Inc. Hexcel Corporation Solvay Hyosung Advanced Materials. Formosa Plastics Corporation BASF SE DowAksa Notable Emerging Companies Mentioned in the Report Nippon Graphite Fiber Co. ZOLTEK Corporation Gen 2 Carbon Limited Carbon Fibre Tubes Ltd. Sigmatex Visit this link Request for custom report Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Carbon Fiber Companies Carbon Fiber Association Research & Development Institutes for Carbon Fiber Carbon Fiber Manufactures Carbon Fiber Supplier Carbon Fiber Raw Material Provider Investment Banks Targeting Carbon Fiber Market Fiber Composites Companies Fiber Composites Providers Fiber Composites Manufacturers Fiber Composites Suppliers Emerging and Startup Composites Companies in the Market Government Departments of Polymers and Other Chemicals Ministries and Departments of Paint & Coating Ministries and Departments of Construction Materials Importers and Distributors of Plastics and Composites Chemicals Testing and Regulatory Authorities Chemicals Research Institutes For more insights on the market intelligence, refer to the link below: Global Carbon Fiber Market Tags: Africa Carbon Fiber Market, Asia Pacific Carbon Fiber Market, atin America Carbon Fiber Market, BASF SE Carbon Fiber Market, Carbon Composites Market, Carbon Fiber Composites Market, Carbon Fiber Market, Carbon Fiber Reinforced Polymers Market, Carbon Fibers Raw Material Suppliers, Challenges in Growth of Carbon Fiber Market, Competitors in Carbon Fiber Market, Demand for Carbon Fiber in Industrial Sector, Distributors of Carbon Fibers, DowAksa Carbon Fiber Market, Emerging Companies in Carbon Fiber Market, Europe Carbon Fiber Market, Fiber Composites Market, Fibers Market, Global Carbon Fiber Distributors, Global Carbon Fiber End Users, Global Carbon Fiber Industry, Global Carbon Fiber Market, Global Carbon Fiber Market Industry, Global Carbon Fiber Market Trends, Global Carbon Fiber Suppliers, Global Players in Carbon Fiber Market, Graphite Fiber Market, Hexcel Corporation Carbon Fiber Market, Leading Players in Carbon Fiber Market, Middle East Carbon Fiber Market, Mitsubishi Chemical Carbon Fiber Market, Nippon Graphite Carbon Fiber Market, North America Carbon Fiber Market, Opportunities in Carbon Fiber Market, SGL Carbon Fiber Market, Sigmatex Carbon Fiber Market, Solvay Carbon Fiber Market, Suppliers of Carbon Fibers Globally, Teijin Carbon Fiber Market, Top Carbon Fiber Manufacturing Companies, Toray Industries Carbon Fiber Market, USA Carbon Fiber Market, Worldwide Carbon Fiber Market Demand