Lucintel’s latest market report analyzed that carbon fiber provides attractive opportunities in aerospace, industrial, and sporting goods industries. The carbon fiber market is expected to reach $2.8 billion by 2025 with a CAGR of 0.9%. In this market, aerospace is the largest segment by end use industry, whereas small tow (less than equal to 24k) is largest by tow size. Emergence of new applications and initiatives to innovate and commercialize the use of alternative precursors to reduce the manufacturing costs of carbon fiber provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/carbon-fiber-market.aspx Based on end use industry, the carbon fiber market is segmented into aerospace, industrial and sporting goods. The aerospace segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due increasing demand for high performance lightweight materials in the automotive industry and growing demand for carbon composites in wind turbine with the increasing length of wind blades are driving market growth over the forecast period.
Browse in-depth TOC on “Carbon Fiber Market”
142 – Tables
157 – Figures
215 – Pages
The carbon fiber market is marked by the presence of several big and small players. Some of the prominent players offering carbon fiber include Toray, Mitsubishi, Teijin, Hexcel, SGL, and Cytec Solvay Group.
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