Carbon Fiber Market to Rear Excessive Growth during 2014 – 2023

Industry Outlook and Trend Analysis:
The Carbon Fiber Market was worth USD 2.09 billion in 2014 and is expected to reach approximately USD 5.26 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.83% during the forecast period.

Expanding demand for this product from aerospace and automotive businesses is probably going to drive the product request. Expanding automotive demand combined with rising requirement for lightweight vehicles is foreseen to fuel the request over the figure time frame. Requirement for fuel-effective vehicles alongside government controls with respect to automotive contamination are expected to play a significant part amid the conjecture time frame.

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Market Classification:
Carbon Fiber Market, By Raw Material, Estimates and Forecast, 2014-2023($Billion)
Pitch Based
PAN Based

Carbon Fiber Market, By Size, Estimates and Forecast, 2014-2023($Billion)
Small tow
Large tow

Carbon Fiber Market, By Applications, Estimates and Forecast, 2014-2023($Billion)
Aerospace & Defence
Sports equipment
Wind Turbines
Molding & Compounding
Pressure vessels

Raw Material Outlook and Trend Analysis:
The essential raw materials in carbon fiber fabricating are polyacrylonitrile (PAN) or pitch. The better properties of PAN are normal than result in more extensive acknowledgment in different applications. The worldwide PAN market is slated to develop at a significant CGAR over the forecast period. Expanding interest for higher quality to weight proportion carbon fiber, PAN antecedent is generally used by virtue of its unrivalled material properties.

The Carbon Fiber Market is segmented as follows-
By Raw Material:
Pitch Based
PAN Based

By Size:
Small tow
Large tow

By Application:
Aerospace & Defence
Sports equipment
Wind Turbines
Molding & Compounding
Pressure vessels

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Size Outlook and Trend Analysis:
Carbon fiber comprises of filaments which contain < 92% carbon. Some parallel fibers are assembled together to frame a solitary tow.
Strands having fibers up to 24,000 are alluded to as small tow. Small tow fibers are generally useful in the avionic business attributable to high rigidity and high modulus when used for manufacturing composites, which are used as a part of various applications. Small-tow fibers costlier when contrasted with substantial tow fibers.

Application Outlook and Trend Analysis:
Wind turbines section is anticipated to be the quickest developing application fragment, with a tremendous CAGR amid the gauge time frame.
Expanding requirement for energy effective and light weight wind turbines is foreseen to drive product demand for wind turbines application fragment. The aviation & defense fragment held the biggest share owing to its developing prerequisite for lightweight materials. The quickly developing aviation industry is additionally anticipated that would grow the application base noticeable all around transport division.

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Table of Contents:
2.Executive Summary
3.Market Overview
4.Carbon Fiber Market, By Raw Material

4.2.****** Carbon Fiber Sales, Revenue and Market Share By Raw Material (2014-2017)
4.2.1.****** Carbon Fiber Sales and Sales Share By Raw Material (2014-2017)
4.2.2.****** Carbon Fiber Revenue and Revenue Share By Raw Material (2014-2017)
4.3.Carbon Fiber Market Assessment and Forecast, By Raw Material, 2014-2023
4.4.Pitch Based
4.4.1.Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.5.PAN Based
4.5.1.Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.Carbon Fiber Market, By Size
5.2.****** Carbon Fiber Sales, Revenue and Market Share By Size (2014-2017)
5.2.1.****** Carbon Fiber Sales and Sales Share By Size (2014-2017)
5.2.2.****** Carbon Fiber Revenue and Revenue Share By Size (2014-2017)
5.3.Carbon Fiber Market Assessment and Forecast, By Size, 2014-2023
5.4.Small tow
5.4.1.Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.5.Large tow
5.5.1.Market Assessment and Forecast, By Region, 2014-2023($Billion)

Regional Outlook and Trend Analysis:
North America is anticipated to develop tremendously. The region is set apart by a huge centralization of the principle aircraft creators, for example, Airbus and fundamental defence instruments producers in the region. Automobile giants in North America, accentuate on assembling superior autos with lessened weight, additionally driving the market in the area. Europe is anticipated to be the biggest and additionally quickest developing business sector in the following years.

Competitive Insights:
The leading players in the market are Teijin, Mitsubishi Rayon Co, Excel Trust, Toray Industries, SGL Carbon India Pvt ltd and BASF. Major industry members have reconciliation all through the esteem chain. The organizations have cantered their operations to create the raw materials and furthermore make the product, to reduce the product cost.


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About Crystal Market Research:
Crystal Market Research
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