Carbon Fiber Market size is forecast to reach $11.2 billion by 2026, after growing at a CAGR of 11.5% during 2021-2026.

HYDERABAD, TELANGANA, INDIA, August 26, 2022 /EINPresswire.com/ -- Carbon Fiber Market size is forecast to reach $11.2 billion by 2026, after growing at a CAGR of 11.5% during 2021-2026. Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth.

Key takeaways:

1. Europe will continue to have the major share of total worldwide wind energy carbon fiber demand during the forecast period owing to its renewable energy targets and use of offshore wind capacity.

2. High price of carbon fiber is one of the factors that’s hindering the markets growth.
COVID-19 will hinder the markets growth, as the end use industry are facing a slow growth, hence reducing the demand for carbon fiber.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=11645

Segmental Analysis:

1. Polyacrylonitrile Based (PAN) segment held the largest share of more than 65% in the carbon fiber market in 2020. The PAN based component offers various benefits like low density, high strength, high modulus, high-temperature resistance, wear resistance, corrosion resistance, fatigue resistance, creepage resistance, electric conduction, heat conduction, and far-infrared radiation.

2. Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2020. Continuous tow is the most widely used tow, due to its weight, compatibility with resins, and various range of sizing available for optimal processing.

3. Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2020.

4. Composite segment held the largest share of more than 55% in 2020 and is forecasted to be the most utilized application of carbon fiber.

5. Among the regions, Europe held the largest share of more than 40% in the carbon fiber market in 2020. With countries such as UK, France, and Germany are driving the market growth.

Top 5 Key Players in the Carbon Fiber Market are:

1. Hexcel Corp

2. Formosa Plastics Corp

3. TEIJIN Aramid B.V

4. Hyosung Advanced Materials

5. ESE Carbon Co.

Click on the following link to buy the Carbon Fiber Market Report:
https://www.industryarc.com/reports/request-quote?id=11645

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.