The Carbon Fiber market is expected to grow from USD 5.50 billion in 2019 to USD 10.63 billion by 2025 at a CAGR of 11.6% from 2019 to 2025.
Aerospace & protection enterprise is a first-rate motive force for improvement within the market. it accounted for about a 3rd of the full product market in terms of demand and approximately half of the full market revenue. the revenue within the aerospace and defense industry is forecast to develop until 2024 with a growing air tour in china, the middle east, and other rising international locations. Sports activities and entertainment equipment are finding expanded use of Carbon Fiber and are the second-largest market in terms of Revenue. with growing attention approximately wholesome existence and exercising, the demand for sports activities utilities could have a healthy increase inside the subsequent 8 years. the growing market for light-bodied fight aircraft by way of the navy will propel the enterprise in the upcoming years. The third-largest aspect that drives the market is the wind strength sector with close to 15% of the worldwide call for. with depletion of fossil fuels, the sector is now acknowledging the synthesis of energy from renewable Assets. the advancements within the wind power sector will lead to the increasing use of Carbon Fiber within the manufacture of mild weight and sturdy turbine blades and their elements. Another crucial zone so that it will propel the call for the product is the car industry. with growing protection subject, customers are now moving towards sturdy vehicles our bodies from conventional metal our bodies. improving the living requirements of human beings within the developed countries will pressure the demand for Sophisticated sports activities in addition to luxurious vehicles. this could power the market drastically.
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The global Carbon Fiber market has been segmented as below:
By Raw Material
Pitch-Based Carbon Fiber
Rayon-Based Carbon Fiber
Pan-Based Carbon Fiber
Pan-Based Carbon Fiber
By Fiber Type
Recycled Carbon Fiber
Virgin Carbon Fiber
By Product Type
Long Carbon Fiber
Continuous Carbon Fiber
Short Carbon Fiber
By Modulus
Intermediate Modulus
High Modulus
Standard Modulus
By Application
Non-Composite
Composite
Prepreg
Molding Compound
Woven Fabric
By End-Use Industry
Automotive
Sporting Goods
Pipe & Tank
Civil Engineering
Marine
Yachts
Catamarans
Racing Boats
Aerospace & Defense
Commercial Aircraft
Regional Jets
General Aviation
Rotorcraft
Defense Aircraft
Others
General Aviation
Wind Energy
Other End-Use Industries
Medical
Oil & Gas
3-D Printing
High Speed & Metro Train
Hydrogen Gas Storage
Electrode for Batteries
Catalysis
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Orchard Software Corporation, Sunquest Information Systems, Inc, Cerner Corporation, Computer Programs and Systems, Inc. (CPSI), Compugroup Medical AG, Meditech, SCC Soft Computer, EPIC Systems Corporation, Comp Pro Med, Inc., Schuyler House, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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