Carbon Fiber Market Global Industry Share, Size, Future Demand, Global Research, Top Leading Players, Emerging Trends

The global carbon fiber tapes market size is expected to reach USD 4,855.6 million by 2027, exhibiting a CAGR of 13.4% during the forecast period. The growing utilization of carbon fiber in various industries due to its high tensile strength and electrical conductivity will spur opportunities for the market, states Fortune Business Insights, in a report, titled “Carbon Fiber Tapes Market Size, Share & Industry Analysis, By Form (Dry Tapes, and Prepreg Tapes), By Resin (Epoxy, Polyamide, Bismaleimide, Thermoplastic, and Others), By End-use (Aerospace & Defense, Automotive, Sports/Leisure, Building & Construction, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 1,918.6 million in 2019. Browse In-depth Summary of This Research Insight: Market Driver: Heavy Demand for Carbon Fiber from Automotive Industry to Facilitate Growth The growing use of carbon fiber (CF) in structural and semi-structural components of vehicles during automobile production will foster the healthy growth of the market. The increasing adoption of carbon fiber in automobile manufacturing will have a tremendous impact on the market. For instance, the BMW i3 is produced using carbon-fiber-reinforced plastic. The ongoing research and development for efficient component production with carbon fiber will spur opportunities for the market. The cognizance about renewable carbon fiber and composites will escalate its adoption in the automotive industry. For instance, the lightweight property of carbon fiber leads to energy reductions and fuel savings. Besides, the increasing application of CF in hybrid vehicles will spur business opportunities for the global market. The Report Lists the Key Companies in the global market: • Hexcel Corporation (U.S.) • SABIC (Saudi Arabia) • TEIJIN LIMITED (Japan) • SGL Carbon (Germany) • Royal DSM (Netherlands) • Evonik (Germany) • Solvay (Belgium)

  • Avatar - Ashwini Bhamare
    Ashwini Bhamare
    Carbon Fiber Market Size, Share, Trends Analysis [2021-2028]
    • Carbon Fiber

    Carbon Fiber Market Size, Share, Trends Analysis [2021-2028]

    The global carbon fiber market size was USD 2,238.6 million in 2020. The global impact of COVID-19 has been unprecedented and staggering, with the …