Portland, OR -- (SBWIRE) -- 10/11/2017 -- Carbon fiber is composed of carbon atoms bonded together to form a long chain, which is 5-10 µm in diameter. These carbon atoms form a microscopic crystal, which exhibits high strength-to-weight ratio. The carbon fiber market is segmented based on raw material, type, form, and end-use industry.

By raw material, it is bifurcated into PAN-based carbon fiber and pitch-based & rayon-based carbon fiber. By type, the market is divided into continuous, long, and short. By form, the market is divided as composite and non-composite.

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Aerospace & defense segment accounted for largest share of carbon fiber market in 2015, owing to the highest consumption of carbon fiber in commercial aircraft. Increased production of U.S.-based Boeing 787/777 and the Europe-based Airbus A350XWP is expected to drive the market growth.

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Global Carbon Fiber Market, published by Allied Market Research, forecasts that the global market was valued at $1,980 million in 2015 and is projected to reach $4,650n by 2022, growing at a CAGR of 11.1% during the forecast period.

Carbon Fiber Market Key Segments

By Raw Material

-Pan-Based Carbon Fiber
-Pitch-Based & Rayon-Based Carbon Fiber

By Type

-Continuous Carbon Fiber
-Long Carbon Fiber
-Short Carbon Fiber

By Form

-Composite Carbon Fiber
-Non-Composite Carbon Fiber