Global Carbon Fiber Market -Forecast 2020-2027

  • Free
  • Published date: May 29, 2020
    • India

According to the latestCarbon Fiber Market Report by GMI Research: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Carbon Fiber Marketexamines the impact of the COVID-19 pandemic and represents that the market will experience a slowdown in 2020, and will accelerate in 2021, growing at a significant growth rate from 2022 onward. Carbon fiber, also known as graphite fiber, is a strong, lightweight, and stiff material, which is used by engineers and designers for the manufacturing of different products. This material has numerous applications, such as aerospace, civil engineering, military, and motorsports,due to its unique properties.

Competitive Landscape:The Carbon Fiber Market report also scans the competitive landscape and profiles the major players operating in the market, including Toray Industries Inc., TEIJIN Limited, Hyosung, Cytec Industries Inc., Hexcel Corporation, SGL Group, Mitsubishi Rayon Co. Ltd., Exports Limited, Dowaksa, Kemrock Industries,and OJSC Svetlogorskkhimvolokno.

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The global carbon fibers market has witnessed substantial growth over the past few years. The accelerated usage of carbon fiber in the aerospace industry for manufacturing structural parts and the strong demand by the automotive industry for the development of lightweight and fuel-efficient vehicles are the significant factors contributing to the carbon fiber market growth. In parallel, the increasing application of carbon fiber in the wind energy industry is an important factor boosting the growth of the carbon fiber market.

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