![]() North America is estimated to account for 32% of the growth of the global carbon fiber market during the forecast period. The report provides actionable insights and estimates the contribution of all regions to the growth of the global carbon fiber market. Hence, such factors are expected to boost the segment growth.īy geography, the global carbon fiber market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. Furthermore, carbon fiber is used in many defense applications, such as flying drones, armored combat vehicles, submarines, and body armor. ![]() Overall, aircraft weight is reduced, and aerodynamic performance is increased due to the use of carbon fiber to create lightweight components for aircraft. For instance, the latest Boeing 787, 777, and Airbus A350XWP contain over 50% fiber-reinforced plastic by weight. The commercial aerospace industry is increasingly using carbon fiber, in the aerospace industry. The carbon fiber helps reduce the overall weight of aircraft. The market share growth by the aerospace and defense segment will be significant for overall market growth during the forecast period. This carbon fiber market report extensively covers market segmentation by end-user (aerospace and defense, sports and leisure, wind energy, automotive, and others), raw material (pan-based, pitch-based, and rayon-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). For details on the vendor and their offerings - Request a sample reportĬarbon Fiber Market - Segmentation Assessment The company offers carbon fiber such as TC-33, TC-35R, and TC-42S. The company offers carbon fiber with different materials 3K, 12K, and 24K. The company offers carbon fiber such as SYT45-3K, SYT45S-12K, SYT49S-12K, SYT55-12K, and SYT49S-24K. Vendor Offerings - China Composites Group Corp. What's New? - Special coverage on the Russia-Ukraine war global inflation recovery analysis from COVID-19 supply chain disruptions, global trade tensions and risk of recession - Global competitiveness and key competitor positions - Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report! Discover some insights on market size, historic period (2017 to 2021), and Forecast 2023-2027 before buying the full report -Request a sample report ![]() Ltd., Saudi Arabian Oil Co., SGL Carbon SE, SIMCO Technology and Systems Ltd., Solvay SA, Taekwang Group, Teijin Ltd., Toray Industries Inc., and UMATEX ROSATOM State Corp. Ltd., Hexcel Corp., Hyosung Advanced Materials, Kordcarbon AS, Kureha Corp., Mitsubishi Chemical Corp., Nippon Steel Corp., Osaka Gas Co. Sti., Evonik Industries AG, Formosa M Co. Ltd., DowAksa Ileri Kompozit Malzemeler San. A few prominent vendors that offer carbon fiber in the market are 3M Co., China Composites Group Corp. The global carbon fiber market is fragmented, with the presence of several global as well as regional vendors. The market's growth momentum will progress at a CAGR of 7.43% during the forecast period. ![]() 1, 2023 /PRNewswire/ - The global carbon fiber market size is estimated to increase by USD 2,732.91 million from 2022 to 2027. The MarketWatch News Department was not involved in the creation of this content.
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