Categories: Press Release

Carbon Fiber Market is expected to reach $5.3 Billion by 2028- An exclusive market research report by Lucintel

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 $5.3 billion by 2028 with a CAGR of 6.8%. In this market, PAN based is the largest segment by precursor type, whereas industrial is largest by end use industry. Production of low cost carbon fiber, joint ventures of carbon fiber manufactures with OEMs and part fabricators, and growing initiatives for recycling of carbon fiber provides strategic growth path in this market.

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Based on precursor type, the carbon fiber market is segmented into PAN based and pitch based. The PAN based segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its wide application area in transportation, aerospace/defense, and wind energy industries.

Browse in-depth TOC on “Carbon Fiber Market”

113 – Tables

119 – Figures

306 – 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 Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber , Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd.

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https://www.lucintel.com/carbon-fiber-market.aspx

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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