The global Virgin Carbon Fibers Market is forecast to grow at a rate of 10.6% in terms of value, from 2020 to reach USD 12.06 Billion by 2028, according to a new report by Reports and Data. Carbon fibers are a thin, long strand of material made from carbon. The content of carbon is more than 90% for standard modulus carbon and approximately 100% for high modulus carbon fiber. It is produced by baking precursors such as pitch, rayon, PAN, or other organic fiber in an inert atmosphere to dissociate elements other than carbon.
The market for carbon fibers is gaining momentum because of a number of factors like rise in demand for fuel-efficient vehicles and the launch of new products. Additionally, the government is putting stress on encouraging the wind energy industry and propelling the usage of materials that are utilized to manufacture composite parts of aircraft. Expensive rates and insufficient product capability of these fibers are limiting the growth of the market. Moreover, once there a dint or a crack in the product, it is not recyclable and cannot be fixed.
Top Companies Operating in the Global Virgin Carbon Fibers Market:
Teijin Limited, Toray Industries Inc., Mitsubishi Rayon Co., Ltd., SGL Group, Formosa Plastics Corporation, Hexcel Corporation, Solvay, Formosa Plastics Corporation, Dowaksa, and Jiangsu Hengshen Co. Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Virgin Carbon Fibers Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Virgin Carbon Fibers Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Virgin Carbon Fibers Market key players
3.2 Global Carbon Fibers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Virgin Carbon Fibers Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/carbon-fibers-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Virgin Carbon Fibers Market Segmentation
Raw Materials Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Pan-Based Carbon Fibers
- Pitch-Based Carbon Fibers
- Rayon-Based Carbon Fibers
Fiber Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Virgin Carbon Fibers
- Recycled Carbon Fibers
Industry Verticals Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Sports/Leisure
- Automotive
- Aerospace and Defense
- Wind Energy
- Civil Engineering
- Marine
- Electrical Electronics
- Pipe and Tank
- Others
Key Attentions of Virgin Carbon Fibers Market Report:
The report offers a complete and broad perspective on the global Virgin Carbon Fibers Market.
The market statistics depicted in the various Virgin Carbon Fibers Market segments give a complete picture of the industry.
The market growth drivers and challenges affecting the development of the Virgin Carbon Fibers Market are analyzed in detail.
The report will aid in the analysis of key competitive market scenarios and Virgin Carbon Fibers Market dynamics.
Major players, Virgin Carbon Fibers Market key companies, investment feasibility, and study of new market entrants are offered.
The scope of development of the Virgin Carbon Fibers Market in each market segment is covered in this report.
The macro and microeconomic factors that influence the Virgin Carbon Fibers Market progress are detailed in this report.
The upstream and downstream components of the Virgin Carbon Fibers Market and a complete value chain are explained.
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