The global carbon fiber industry generated $5.5 billion in 2022 and is estimated to reach $16.0 billion by 2032, witnessing a CAGR of 11.4% from 2023 to 2032. Carbon fibers possess a wide range of properties, including stiffness, tensile strength, strength-to-weight ratio, chemical resistance, thermal tolerance, and low expansion. These characteristics have made carbon fiber …
Tag Archives: Carbon Fiber Market
Carbon Fiber Market: Key Trends and Drivers Revealed by Research Report
The global carbon fiber market is divided on the basis of raw material, type, end-use industry, and geography. Based on raw material, the market is classified into PAN-based carbon fiber, pitch-based & rayon-based carbon fiber. The pan-based carbon fiber held the largest share in 2017, accounting for around 90% of the market. Moreover, the segment …
Continue reading “Carbon Fiber Market: Key Trends and Drivers Revealed by Research Report”
Japan Carbon Fiber Market: Uncover Key Players Strategies to Unleash Revenue Growth – Mitsubishi Chemical Holdings Corporation
Surge in penetration of carbon fiber component in the automotive industry, rise in demand for high-performance carbon fiber in the aerospace & defense, and government regulation for emission control have boosted the growth of the global carbon fiber market. The market across North America held the lion’s share in 2017, contributing to more than one-third …