Market Insight: Carbon Fiber Market to Reach $3.7 Billion by 2025

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Carbon Fiber Market”.

This market report for carbon fiber identifies and predicts future opportunities for growth in the carbon fiber market for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for carbon fiber in aerospace, industrial, and sporting goods industries. 

According to our market report, the carbon fiber market is expected to reach an estimated $3.7 billion in 2025 with a CAGR of 5.5% from 2020 to 2025. Some of the dominant players in the carbon fiber market are Toray, Mitsubishi, Teijin, Hexcel, SGL, and Cytec Solvay Group. 

In the carbon fiber market, by tow size, small tow (less than or equal to 24k) carbon fiber is expected to remain the largest segment by volume and the large tow (greater than 24k) is expected to witness the highest growth over the forecast period because of its increasing use in the industrial applications. On the basis of its comprehensive research, Lucintel forecasts that aerospace will be the largest end use industry and the industrial segment will witness the highest growth during the forecast period from 2020-2025. 

To read more about this report, click below:

https://www.lucintel.com/carbon-fiber-market.aspx 

Feel free to download research content by clicking:

https://www.lucintel.com/rb/carbon-fiber-market.aspx 

You can also get sample pages by clicking:

https://www.lucintel.com/ds/carbon-fiber-market.aspx 

Lucintel has over one thousand customers worldwide. We provide strategic growth consulting, competitive assessment, and M&A support worldwide. Please share your brief project needs by clicking below and we will be glad to support your needs:

https://www.lucintel.com/consulting_capability.aspx

 

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