Global Carbon Fiber Market is predicted to reach 7.27 billion USD by 2025 | Insights by Types, Applications, Regions, Share, Key Players & Forecast

Oct 9, 2018

The Global Carbon Fiber Market is growing with high margin and strong CAGR of 10.6%. Browse 115 pages report and get well organized statistical overview of Carbon Fiber industry in between 2018-2025.

dallas, united states - October 9, 2018 /MarketersMedia/ —

Global Carbon Fiber Market size is expected to be valued at USD 7.27 billion by 2025 projected to expand with a CAGR of 10.6% over the forecast period. Declining prices of the once expensive carbon fiber is among the major driving factor for increase in demand of the material across diverse industry verticals. Characteristics of carbon fiber such as light weight, high tensile strength, stiffness and high fatigue strength makes it an ideal material for usage across wide range of industries and a major driver of the carbon fiber industry growth.

Ask for sample pages of Carbon Fiber Market report @
https://www.adroitmarketresearch.com/contacts/request-sample/63

****Global Carbon Fiber Market is strongly guided by following key Players:

Teijin Limited
Mitsubishi Rayon Co. Ltd.
SGL Carbon
Formosa Plastics Corp
Hexcel Corporation
DowAksa
Cytec Industries (Cytec Solvay Group)

Carbon fiber composite market can trace its origin to its first use in the aerospace industry. Carbon fiber composites could provide the aircraft structure with the required strength along with significant reduction in its weight. Aircraft parts such as main wings, tail units, ailerons, rudders, floor panel and lavatory units are some of the components carbon fiber is used in. With time, usage of carbon fiber material has significantly increased in aerospace industry. For instance, around 50% of Boeing’s 787 Dreamliner’s structure, which was introduced in 2011 is made up of carbon fiber reinforced polymers as compared with 10% usage in its predecessor Boeing 777, launched in 1995. Overall, aerospace & defense industry is estimated to continue its dominance in global carbon fiber industry with share of 27.2% in 2025.

Apart from aerospace, automotive industry has next big potential for the consumption of carbon fiber composite market. Stricter fuel emission norms have compelled manufacturers to bring design changes in their vehicles. Latest U.S. regulations mandate that the average fuel economy standard should meet 54.5 miles per gallon by 2025, over the 35.5 mpg of vehicles as of now. Use of carbon fibers and its composites can reduce the vehicle weight by 25%-70% as compared to other materials such as aluminum. Therefore, large number of automobile manufacturers are imbibing carbon fiber in their design. For instance, Porsche, a unit of Volkswagen AG, introduced CRPF (carbon fiber reinforced plastic) wheel in the market in late 2017. The composite wheel is 20 percent lighter as compared to its aluminum equivalent.

Carbon Fiber Market analysis, on the basis of type of design, is done by categorizing carbon fiber products into regular and large tow. Carbon fibers tow lesser than 24k, are known as regular or small tow whereas tow count higher than 24k are known as large tow carbon fibers. Regular tow carbon fibers possess superior properties such as lighter weight and high tensile strength owing to which they are used in niche applications such as aerospace & wind turbines. However, large tow carbon fiber is also witnessing incremental demand owing to its suitability for automotive industry.

Carbon fiber consumption has increased significantly across the globe. However, consumption is still dominated by the developed regions such as Europe and North America. Europe alone accounted for 40.5% of revenue share in 2017. Europe followed by North America is anticipated to dominate the carbon fiber consumption. In developing regions, China recorded significant growth owing to increasing investments in wind energy sector. India & Southeast Asia have significant potential in long term growth scenario of carbon fiber industry.

Make an Enquiry before purchase@ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/63

Leading players have global presence and maintain steep entry barriers for challengers through economies of scale and proprietary production processes. Owing to rapid growth in demand for carbon fiber, players are focused on expanding their manufacturing base in order to strengthen their customer base. Carbon Fiber Market share by company puts Toray Industries Inc. at the leading position globally in 2017.

***Key segments of the global Carbon Fiber Market:

1] Type Overview, 2013-2025 (Tons) (USD Million)

Regular Tow
Large Tow

2] Application Overview, 2013-2025 (Tons) (USD Million)

Automotive
Aerospace & Defense
Wind Turbines
Sports Equipment
Industrial Materials
Others

3] Regional Overview, 2013-2025 (Tons) (USD Million)

North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
Rest of MEA

Access Full Report @ https://www.adroitmarketresearch.com/industry-reports/carbon-fiber-market

*****Major Points from TOC:

Chapter 1. Executive Summary

Chapter 2. Research Methodology
Research approach
Scope, definition, and assumptions
Data sources

Chapter 3. Carbon Fiber industry Outlook

Introduction
Key trends
Market drivers
Market restraints
Market opportunities
Porter’s Five Forces’ analysis
Value chain analysis
PESTLE analysis

Chapter 4. Carbon Fiber Market Overview, by Type

Regular tow
Large tow

Chapter 5. Carbon Fiber Market Overview, by Application

Automotive
Aerospace & defense
Wind turbines
Sports equipment
Industrial materials
Others

Chapter 6. Carbon Fiber Market Overview, by Region

Chapter 7. Industry Structure

Chapter 8. Company Profiles

…Continued

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Info:
Name: Ryan Johnson
Email: [email protected]
Organization: Adroit Market Research

Source URL: https://marketersmedia.com/global-carbon-fiber-market-is-predicted-to-reach-727-billion-usd-by-2025-insights-by-types-applications-regions-share-key-players-forecast/419737

For more information, please visit https://www.adroitmarketresearch.com/industry-reports/carbon-fiber-market

Source: MarketersMedia

Release ID: 419737

Recent News

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

'The old America is gone': OPCON transfer is Korea's answer to changing US, Moon Chung-in says

Korea's push to regain wartime operational control (OPCON) of its military is not just an attempt to reclaim military sovereignty, but a necessary response to a fundamental shift in the United States' foreign and security policy, according to Moon Chung-in, a former presidential special adviser. In an interview with The Korea Times on Tuesday, Moon, currently a professor emeritus at Yonsei University, argued that President Lee Jae Myung's pursuit of OPCON transfer comes in line with Washington's growing expectation that Seoul assume primary responsibility for its own defense, rather than the self-reliant defense agenda set by former President Roh Moo-hyun. "The U.S. is changing, but we are still clinging to the old America. The old America is gone," Moon said. He pointed to U.S. President Donald Trump's repeated demands that Korea shoulder a greater share of its defense burden. Under such an arrangement, Korean forces would take the lead in conventional defense against North Korea, while U.S. forces would provide complementary capabilities in areas where Seoul remains relatively weak, i

'The old America is gone': OPCON transfer is Korea's answer to changing US, Moon Chung-in says

India, Guatemala highlight coffee for global consumers at Seoul cafe show

Coffee brands, roasters, experts and authorities from around the world are gathering in Seoul for the 25th Seoul International Cafe Show, a four-day event that kicked off Wednesday. This year, India and Guatemala took part in one of the event’s flagship programs, Origin Discovery, showcasing their coffee traditions and explaining how their distinctive beans have won loyal followings among coffee lovers worldwide. Organized by the Coffee Board under the Government of India, a session titled Coffees of India introduced the country’s history of coffee cultivation, which dates back to the 1600s and reached its commercial zenith in the 18th century. Indian coffees, including Arabica, Robusta and Excelsa varieties, have been cultivated across Western Ghats — a biodiversity hotspot recognized by the UNESCO — as well as Eastern Ghats and Northeastern states. Amulya K.G., director of the Coffee Board and the host of the session, said there are 441,000 coffee farms in India, 99 percent of which are small holdings of less than 10 hectares. India is the world’s fifth largest coffee export

India, Guatemala highlight coffee for global consumers at Seoul cafe show

Luxury van market heats up in Korea as Mercedes-Benz joins rivalry with V-Class

Mercedes-Benz Korea has entered the nation's fast-growing luxury van market with the V-Class, intensifying competition in a segment previously dominated by Toyota’s Alphard and Lexus LM. The German luxury carmaker launched Wednesday the seven-seat V-Class as a single-trim model priced at 124 million won ($92,700), targeting customers looking for a premium vehicle that combines passenger capacity with a high level of comfort. The launch comes as demand for high-end vans grows in Korea, particularly among business executives, celebrities and families seeking more spacious and comfortable transportation. Toyota and Lexus have established a strong presence in the segment with their Alphard and LM models, respectively. The two brands have benefited from growing demand for premium multipurpose vehicles that offer more space and comfort than conventional luxury sedans and SUVs. The arrival of Mercedes-Benz is expected to intensify competition by giving consumers another premium option. The V-Class luxury van is only available for a diesel powertrain here. The V-Class is positioned as a more sp

Luxury van market heats up in Korea as Mercedes-Benz joins rivalry with V-Class

Deutsche Bank urges Korean financial markets to match its companies' global reach

Deutsche Bank said Korea needs to improve financial market accessibility and regulatory predictability to attract more global capital, as its world-class companies continue to underpin the country's investment appeal. In a recent exclusive interview with The Korea Times, Alexander von zur Muehlen, Deutsche Bank's CEO of Asia Pacific, Europe, Middle East & Africa and Germany, said "few economies have produced such a concentration of globally competitive companies across strategically important industries" as Korea has. "The next step is to make its financial markets as international as its companies," said von zur Muehlen, who is also a member of the bank's management board. "Greater openness, simplicity and predictability can help broaden international participation." Korea has been opening its financial markets to global investors, introducing 24-hour foreign exchange trading in July. The country also allows foreign institutions to participate directly in its onshore foreign exchange market through the Registered Foreign Institution program, with Deutsche Bank among the first participa

Deutsche Bank urges Korean financial markets to match its companies' global reach

Lee calls for unity at dinner meeting with DPK leaders

President Lee Jae Myung called for unity between the government and the ruling Democratic Party of Korea (DPK) as he held a dinner meeting with DPK leader Kim Min-seok and floor leader Han Byung-do on Wednesday, his office said. During the dinner at Cheong Wa Dae, Kim asked the government for bold and swift measures to overcome polarization and boost consumption, presidential spokesperson Kang Yu-jung said in a written briefing. In response, Lee stressed the need for the party and the government to "move as one" in order for the people's lives to improve, and asked that the party and the National Assembly extend their active support to get the government's 2027 budget proposal passed, Kang said. Lee also asked his chief of staff, Lim Kwang-hyun, and senior political affairs secretary, Choi In-ho, to closely communicate with the National Assembly at all times. Lim and Choi were among the dinner participants. Though there had been speculation Lee and the party leaders could discuss controversial issues, such as real estate taxes and a special counsel bill on alleged fabricated indictments,

Lee calls for unity at dinner meeting with DPK leaders

Gov't to curb incumbents' influence over CEO selection process in sweeping corporate governance overhaul

The government is set to prevent incumbent CEOs at financial companies from having an undue influence on appointing their successors, while imposing tougher voting requirements for bank holding company chiefs who seek to extend their tenure, according to financial authorities, Thursday. The measures are part of a long-delayed corporate governance reform package unveiled by the Lee Jae Myung administration and the ruling Democratic Party of Korea (DPK), aimed at making leadership succession more transparent and strengthening board independence across the financial sector. The Financial Services Commission (FSC) plans to draw up amendments to the Act on Corporate Governance of Financial Companies within the year. The changes are expected to take effect six months after the legislation is passed. A central focus is to give independent directors greater control over leadership succession and strengthen their ability to hold management accountable. Under the proposed changes, committees responsible for nominating CEO candidates would consist entirely of independent directors. Sitting CEOs wou

Gov't to curb incumbents' influence over CEO selection process in sweeping corporate governance overhaul

Korea opens final 2026 round of foreign worker permits

Korea will accept its final round of applications this year for foreign worker visas starting Nov. 23, offering 6,699 new permits to help businesses ease persistent labor shortages while introducing incentives for employers who complete human rights and labor law training, the Ministry of Employment and Labor said Thursday. The five-day application window, running through Nov. 27, covers nonprofessional employment visas, known as E-9, across five major sectors. Manufacturing accounts for the lion’s share of the quota with 4,510 slots, followed by agriculture and livestock with 954, fisheries with 897, construction with 198 and services with 140. Should employer demand exceed sector caps, officials said they will tap into a flexible reserve pool of 10,000 additional permits. The announcement underscores Korea’s growing reliance on overseas labor to sustain its export-driven factories, farms and fishing fleets amid one of the world’s fastest-aging populations and lowest birthrates. Over the past several years, the government has steadily expanded its Employment Permit System, which

Korea opens final 2026 round of foreign worker permits

Ramyeon exports set to rise 30% in 2027 on expanded production: sources

Korea's ramyeon exports are expected to increase 30 percent in 2027 from a year earlier, driven by expanded production capacity, industry sources said Thursday. Ramyeon shipments rose 26 percent to $1.59 billion in the January-October period, already surpassing last year's full-year growth rate of 22 percent and total exports of $1.52 billion, according to data from the trade ministry and other sources. "Major ramyeon makers' investments in production facilities are expected to continue driving export growth next year," an industry official said over the phone. Nongshim, Korea's leading instant noodle maker, began operations last month at its first plant dedicated to exports in the southern port city of Busan. The company currently generates about 40 percent of its total ramyeon sales from overseas markets, including the United States, China and Japan. It operates seven plants in Korea and six overseas facilities — two in the US and four in China — and sells flagship products such as Shin Ramyun, Chapagetti and Neoguri worldwide. Samyang Foods, known for its globally popular Buldak spi

Ramyeon exports set to rise 30% in 2027 on expanded production: sources

Samsung, SK hynix monitor Nvidia leadership uncertainty: officials

Korean chipmakers Samsung Electronics and SK hynix are monitoring leadership uncertainty at Nvidia, one of their biggest clients, company insiders said Thursday. As the major suppliers of chips used in artificial intelligence (AI) accelerators, the two are assessing potential succession scenarios following reports that Nvidia's board is considering possible replacements for CEO Jensen Huang amid allegations of multiple extramarital affairs. Huang's close ties with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won have raised concerns that his possible departure could affect business relations. "If Huang is removed, it could inevitably affect networking among top industry executives," a company official said, requesting anonymity. "We cannot rule out the possibility that business discussions could slow or existing plans could change." Others, however, said existing supply agreements were unlikely to be affected, noting that the two companies have traditionally worked with Nvidia executives, including Senior Vice President Jeff Fisher, on detailed business plans.

Samsung, SK hynix monitor Nvidia leadership uncertainty: officials

Korean researchers shrink augmented reality lenses to fit everyday eyewear

Researchers in Korea have developed an ultrathin optical lens system that keeps digital images bright and legible even in direct sunlight, overcoming one of the main engineering hurdles preventing augmented reality glasses from looking and feeling like ordinary eyewear. The joint team from Pohang University of Science and Technology (POSTECH) and Samsung Research built a prototype featuring a 1.5-millimeter-thick waveguide—the transparent channel that guides light from a tiny projector into the wearer’s eye—using engineered nanostructures called metasurfaces. The findings were published Thursday in the journal Nature, according to the Ministry of Science and ICT. For years, technology giants from Meta and Apple to Google and Samsung have raced to build lightweight smart glasses capable of overlaying turn-by-turn directions, translations and messages onto the real world. However, engineers have struggled with a stubborn trade-off: widening the viewing zone so a user can glance around without losing the image typically causes light to scatter and leak out of the lens, leaving displ

Korean researchers shrink augmented reality lenses to fit everyday eyewear

Lee's disapproval rating again outruns approval rating: poll

President Lee Jae Myung's disapproval rating rose to 47 percent this week, surpassing his approval rating, a survey showed Thursday. In a survey of 1,001 adults nationwide conducted Monday through Wednesday, positive assessments of Lee's job performance fell 2 percentage points to 44 percent from two weeks earlier, according to the National Barometer Survey (NBS). Negative assessments rose 3 percentage points to 47 percent. Lee's disapproval rating had remained higher than his approval rating for several weeks before the trend reversed in the previous poll. The survey also showed that 51 percent of respondents said Lee should scale back his use of social media to directly communicate with the public on his policy direction, citing concerns that remarks made "without sufficient deliberation" could cause confusion. Another 42 percent supported his use of social media for communication. Support for the ruling Democratic Party of Korea fell 1 percentage point to 35 percent, while that of the main opposition People Power Party remained unchanged at 25 percent. The poll has a margin of error of p

Lee's disapproval rating again outruns approval rating: poll

Korea has much to gain from helping refugees, UNHCR official says

Korea has much to gain from supporting refugees, including making a safer and more stable international environment, according to the United Nations' refugee agency representative in Afghanistan. During an interview with The Korea Times during his visit to Seoul, Tuesday, Arafat Jamal, the UN High Commissioner for Refugees' (UNHCR) representative in Afghanistan, said supporting countries such as Afghanistan is not simply an act of charity, but an investment in a more stable world. "Korea is a responsible member of the international community. And helping a country like Afghanistan is for global public good. I think that we can only gain if countries are more open and more willing to build international solidarity and to look beyond themselves," he said. Jamal expressed deep gratitude to the Korean government and people for their continued support, urging them "to continue to build solidarity with the world." Afghanistan's strategic location, bordering seven countries including China, Pakistan and Iran, makes its stability a matter of wider international concern, the U.N. official said. A

Korea has much to gain from helping refugees, UNHCR official says