Growing Demand from Wind Power and Pipe & Tank Industries to Drive the Development of Carbon Fiber Market Globally

 


(EMAILWIRE.COM, August 05, 2022 ) The “Carbon Fiber Market is estimated to be USD 3.7 billion in 2020 and is projected to succeed in USD 8.9 billion by 2031, at a CAGR of 8.6% in the course of the forecast interval. The demand for clear fuels comparable to CNG and hydrogen is rising globally, leading to improve in demand for carbon fibers in CNG and hydrogen tanks manufacturing. Additionally, the expansion in variety of on-shore and off-shore wind capability installations is driving the expansion of carbon fibers in wind vitality trade.

Obtain PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=396

“Europe is predicted to account for the most important market share within the carbon fiber market in the course of the forecast interval.”

Europe is estimated to have the most important share of the market. Europe led the carbon fiber market as a result of presence of established automotive, aerospace & protection, and wind vitality industries within the area. The area is house to a few of the outstanding automotive producers comparable to BMW, Fiat, and Bentley. These automotive producers use carbon fiber composites in varied structural automotive elements comparable to bonnets, bumpers, and frontends. Moreover, plane producers comparable to Airbus and Boeing use carbon fiber composites in structural elements as they provide rigidity and excessive tensile power.  Furthermore, there are numerous offshore wind vitality installations.
  

“Composite software contains a serious share of the carbon fiber market, when it comes to worth and quantity.”

 
The carbon fiber market is split into software segments, which embody composite and non-composite. Carbon fiber composites are utilized in varied industries comparable to aerospace & protection, automotive, wind vitality, sporting items, pipe & tank, civil engineering, and marine. They provide excessive power, rigidity, and excessive tensile power. Within the composite purposes, carbon fiber is especially used within the type of prepreg, moulding compound, and woven material. Prepreg is the most important client of carbon fiber within the composite software section.
 

“The continual carbon fiber section contains a serious share of the carbon fiber market, when it comes to worth and quantity.”

Steady carbon fiber affords increased tensile power when in comparison with different varieties of carbon fiber merchandise. These fibers can be utilized in layup, weaving, prepregging, filament winding, braiding, and pultrusion processes for manufacturing composites elements for varied end-use industries such aerospace & protection, automotive, and wind vitality. Steady carbon fiber can also be utilized in 3D printing purposes because it affords stiffness and power. Superior properties and enormous variety of purposes are driving the continual carbon fiber section of the market.
 

Do not miss out on enterprise alternatives in Carbon Fiber Market. Converse to Our Analyst and achieve essential trade insights that can assist your small business develop. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=396   

Browse in-depth TOC on “Carbon Fiber Market”

386 – Market Information Tables

55 – Figures

359 – Pages
 

Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Company (US), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Restricted (Japan), Formosa Plastics Company (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), and DowAksa (Turkey) had been a few of the key gamers within the international carbon fiber market. These gamers have adopted varied natural and inorganic developmental methods over the previous 5 years. 
 

In April 2021, Hyosung Superior Supplies signed a contract with Hanhwa Options. The corporate introduced that it signed a long-term contract to provide bolstered carbon fiber for use for strengthening gasoline tanks in hydrogen autos for six years starting 2021. The full provide is price about 160 billion gained. This settlement will enhance the gross sales of carbon fiber.

In November 2020, SGL Carbon and Koller Kunststofftechnik partnered to fabricate novel carbon fiber profiles to be used in windshields for a future high-volume mannequin of BMW Group. This helped SGL Carbon to enhance their software in car purposes and improve the carbon fiber demand.

Get Pattern Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=396

 

About MarketsandMarkets™

MarketsandMarkets™ gives quantified B2B analysis on 30,000 excessive development area of interest alternatives/threats which is able to affect 70% to 80% of worldwide corporations’ revenues. At present servicing 7500 clients worldwide together with 80% of world Fortune 1000 corporations as shoppers. Nearly 75,000 prime officers throughout eight industries worldwide strategy MarketsandMarkets™ for his or her painpoints round revenues choices.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are monitoring international excessive development markets following the “Development Engagement Mannequin – GEM”. The GEM goals at proactive collaboration with the shoppers to establish new alternatives, establish most vital clients, write “Assault, keep away from and defend” methods, establish sources of incremental revenues for each the corporate and its opponents. MarketsandMarkets™ now developing with 1,500 MicroQuadrants (Positioning prime gamers throughout leaders, rising corporations, innovators, strategic gamers) yearly in excessive development rising segments. MarketsandMarkets™ is decided to profit greater than 10,000 corporations this yr for his or her income planning and assist them take their improvements/disruptions early to the market by offering them analysis forward of the curve.

MarketsandMarkets’s flagship aggressive intelligence and market analysis platform, “Information Retailer” connects over 200,000 markets and full worth chains for deeper understanding of the unmet insights together with market sizing and forecasts of area of interest markets.

Comments are closed.