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Fairfield Consultancy Services OPC Pvt Ltd

Fairfield Consultancy Services OPC Pvt Ltd

China is poised to develop the fastest growing market for carbon fiber manufacturers

London, May 29, 2023 (GLOBE NEWSWIRE) — Having achieved the status of an ideal building material, carbon fiber is best known as a lightweight polymer that serves as a strong and rigid high-performance structural material. The growing preference for carbon fibers for their desired performance is expanding the application base in areas such as supercars, aircraft, yachts and leisure and sports products. This is expected to boost growth global carbon fiber market, says a new report from Fairfield Market Research. The report states that polyacrylonitrile will remain the most preferred precursor in the carbon fiber market, accounting for nearly 90% of total carbon fiber production as a key raw material.

PAN will continue to be the most common precursor choice among carbon-fired producers fiber space“, said an analyst at Fairfield Market Research.

Get a sample carbon copy/TOC Fiber market the time https://www.fairfieldmarketresearch.com/report/carbon-fiber-market/request-toc

Insights into segmentation Analysis:

With increasing demand for lightweight materials from the automotive and aerospace industries, carbon fiber is likely to experience an upswing in the coming years. Although currently the largest application area is wind turbine blades, both onshore and offshore, it is more likely that the exponential growth of offshore wind installations compared to the recent past has played an important role in increasing the demand for carbon fiber, which has the most. Desirable features such as high stiffness and lower density ideal for lighter, thinner and stiffer blade profiles. Thus, the wind energy sector is expected to be a significant segment of the market.

The automotive industry is also an important application category, the report said. Increasing end-user awareness of carbon fiber-based composites as a potential replacement material for conventional automotive plastics and metals is projected to further increase the range of applications.

Regional Analysis Insights

The carbon fiber production base is currently concentrated in the US, China, Japan, South Korea and major European countries such as the UK and Germany. Preliminary market analysis shows that the developed western regions, North America and Europe, lead the carbon fiber market and together account for more than 60% of the total market revenue. Demand has grown exponentially in the automotive and aerospace industries, which will continue to strengthen these regions’ presence in the global carbon fiber industry. The strongest market position is also attributed to a strict regulatory framework related to fuel efficiency and carbon emissions.

On the other hand, China has been identified as the most lucrative pocket for carbon fiber manufacturers and the Chinese market is likely to show strong, double-digit growth rates during the assessment period. The country is a world leader in electricity production and expects to have 400 GW of wind power capacity by 2030. Governments here have also supported the production of carbon fiber, which could be used in automobiles, wind turbine blades and industrial machinery, which will also contribute to China’s growing power in the carbon fiber market.

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Leading Company:es in the Global Carbon Fiber Space

SGL Carbon, Toray, Hexcel, Teijin and Mitsubishi Chemical are some of the most prominent names in the global carbon fiber industry. The report will shed light on detailed strategic profiling and competitive analysis of the profiled players leading the competitive landscape of the Carbon Fiber market.

Basic elements included In Study. Global carbon Fiber market

  • Carbon Fiber Market by Product/Technology/Class, Application/End User and Region

  • Executive summary (opportunity analysis and key trends)

  • Historical market size and estimates, value and volume, 2018 – 2022.

  • Volume consumption by region and country, 2023 – 2030

  • Market dynamics and economic overview

  • Market size by value and volume, growth rate and forecast figures, 2023 – 2030

  • Competitive intelligence with financials, key developments and a portfolio of leading companies

  • Regional and Product/Rate/Application/End-User Price Trend Analysis

  • Analysis of production output (main producing regions)

  • Basic trade statistics (imports and exports)

  • Value chain and five forces analysis

  • Regional/Sub-Region/Country Market Size and Trend Analysis

  • Company Market Share Analysis and Key Players Profiles

Learn more about the report’s findings and research methodology; https://www.fairfieldmarketresearch.com/report/carbon-fiber-market/more-information

about us
Fairfield market research is a UK based market research provider. Fairfield offers a wide range of services, from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles with quick responses and a multi-faceted approach. The company values ​​an insightful approach to global issues, ably supported by a team of exceptionally experienced researchers. With a powerful repository of syndicated market research reports that are continuously published and updated to ensure ever-changing customer needs are met with absolute speed.

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