Aerospace & Defense Industry will Create Demand for PAN Based Carbon Fiber During Forecast Period 2021-2031

250 Pages PAN Based Carbon Fiber Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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The report offers actionable and valuable market insights of PAN Based Carbon Fiber. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of PAN Based Carbon Fiber Market across various industries and regions.

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The global carbon fiber market was valued at USD 4 billion in 2020, and it is projected to reach USD 9 billion by 2031, registering a CAGR of 8% during the forecast period 2021-2031.

Demand for carbon fibers has surged significantly, attributed to low moisture absorption, exceptional mechanical characteristics, high-temperature resistance, and relatively lower cost. Numerous construction projects are employing carbon fiber-reinforced concrete for repairing aging buildings and bridges.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of PAN Based Carbon Fiber market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of PAN Based Carbon Fiber

This newly published and insightful report sheds light on Market Insights of PAN Based Carbon Fiber, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of PAN Based Carbon Fiber Market.

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Key Segments Covered

  • Precursor Material Type

    • PAN based Carbon Fiber
    • Pitch based Carbon Fiber
    • Rayon based Carbon Fiber
  • Tow Size

    • Small Tow Carbon Fiber
    • Large Tow Carbon Fiber
  • End User

    • Carbon Fiber for Aerospace & Defence
    • Carbon Fiber for Energy & Mining
    • Carbon Fiber for Sport/Leisure
    • Carbon Fiber for Automotive
    • Carbon Fiber for Construction
    • Carbon Fiber for Other End Users
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5 Key Future Prospects of Carbon Fiber Market for Forecast Period 2017-2026 (In Terms of Volume)

  • Among regional segments included in the report, Asia-Pacific excluding Japan (APEJ) will remain the most lucrative for the carbon fibers market, with sales set to close in approximately 50,000 ton by 2026-end.
  • APEJ and North America are likely to remain fast-expanding market for carbon fibers, exhibiting a similar CAGR through 2026. However, quantity of carbon fibers sold in North America will remain comparatively lower in North America than in APEJ. Europe will prevail as the second largest market for carbon fibers.
  • On the basis of precursor material type, PAN-based CF will account for over 95% share of the market during 2017 to 2026. Although amount of pitch-based CF and rayon-based CF sold will remain considerably lower than PAN-based CF, they are expected to gain traction gradually in the near future. Sales of rayon-based CF and pitch-based CF are set to reflect a relatively higher CAGR in the market than those of PAN-based CF through 2026. On the basis of tow size, small tow will remain preferred for carbon fibers across the globe, with sales pegged to exceed 75,000 tons by 2026-end.
  • Aerospace & defense is expected to retain its position as the dominant end-user of carbon fibers, trailed by energy & mining and automotive. In addition, carbon fiber sales in the energy & mining and automotive industry are poised to register a parallel rise through 2026.

Occupancy of numerous players has made global market for carbon fibers to be highly fragmented. Intensity of competition in the market is soaring at a high rate. Extended geographical reach of predominant market players along with high capital investment needed for entering the market has created constraints for new market players. Vendors are competing in terms of price, quality, customer-centrism, performance, and innovation for sustaining their presence in the market. The players that are significantly driving the market growth include Toray, Toho Tenax, Mitsubishi Rayon, Formosa Plastics, SGL, Hexcel, Cytec, Dow/AkSA, Kemrock, and Hyosung.

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Key Question answered in the survey of PAN Based Carbon Fiber market report:

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More Valuable Insights on PAN Based Carbon Fiber Market

Fact.MR, in its new report, offers an unbiased Market Analysis of PAN Based Carbon Fiber, Sales and Demand of PAN Based Carbon Fiber, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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