Carbon Fiber Market Size, Share, Trends |Industry Growth 2022-27

 

Market Overview:

The market for carbon fibre is expected to reach 123,710 tonnes globally in 2022 and grow at a CAGR of more than 10% over the following five years (2022–2027).

Production decreased as a result of COVID-19 in a number of industries, including the automotive, building, and aerospace sectors. The COVID-19 pandemic has had a significant negative impact on the global automotive supply industry. The majority of the world’s auto manufacturing and sales have abruptly stopped. Additionally, COVID-19 had a significant negative impact on the aerospace and defence sector, a significant end-user of the carbon fibre market, in 2020.

Scope of the Report:

Carbon atoms are joined in a long chain by chemical bonds to create carbon fiber. The fibers are used in numerous processes to produce top-notch building materials because they are incredibly stiff, strong, and light. By raw material, type, application, end-user industry, and geography, the carbon fiber market is divided into segments. The market is divided into rayon, petroleum pitch, and polyacrylonitrile according to raw materials. The market is divided into recycled and virgin fiber types. Carbon fiber is used in textiles, microelectrodes, composite materials, and catalysis. The market is divided into various end-user industries, including alternative energy, automotive, sporting goods, construction and infrastructure, and alternative energy, defence, and alternative energy.

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