Carbon Fiber - Worldwide Market Analysis & Outlook 2018-2023: A $6.1 Billion Opportunity - ResearchAndMarkets.com

The "Global Carbon Fiber Market - Segmentation by Raw material, Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The carbon fiber market was valued at USD 2,859.26 million in 2017 and is expected to reach USD 6,096.95 million by 2023, registering a CAGR of 13.45% during the forecast period (2018-2023).

The major market drivers for carbon fiber market are growing demand in the retail sporting goods market, emerging wind energy applications, and increasing demand in the aerospace industry. Increasing automotive demand, along with the rising need for lightweight vehicles, is expected to drive the market demand during the forecast period.

Key Highlights

• Soaring Demand for Fuel-efficient and Lightweight Vehicles
• Aerospace - The Fastest Growing Segment by Usage
• North America to Dominate the Market

Notable Developments in the Market

• March 2018: Toray to purchase TenCate to expand carbon fiber business.
• March 2018: Toray and Safran sign an implementation agreement for the supply of higher performance carbon fiber composite.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insight

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

• A&P Technology
• Adherent Technologies Inc.
• Applied Sciences Inc.
• Carbon Conversions
• CFK Valley Stade Recycling GmbH & Co.
• Cytec Solvay Group
• ELG Carbon Fibre Ltd. (Recycled Carbon Fibers)
• Formosa Plastics Corporation - Tairylan Division
• Hexcel Corp.
• Holding Company Composite (HCC)
• Materials Innovation Technologies LLC
• Mitsubishi Rayon Co. Ltd.
• Nippon Graphite Fiber Corp.
• Quickstep Technologies
• SABIC
• SGL Group - The Carbon Co.
• Teijin Ltd.
• Toho Tenax Co. Ltd.
• Toray Industries Inc.
• Vartega Inc.

For more information about this report visit https://www.researchandmarkets.com/research/cz48p9/carbon_fiber?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005626/en/