Los Angeles, CA -- (SBWIRE) -- 04/12/2019 -- Carbon fiber is a long, thin strand of material about 0.0002-0.0004 in (0.005-0.010 mm) in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. The crystal alignment makes the fiber incredibly strong for its size. Several thousand carbon fibers are twisted together to form a yarn, which may be used by itself or woven into a fabric. The yarn or fabric is combined with epoxy and wound or molded into shape to form various composite materials.

Carbon fiber-reinforced composite materials are used to make aircraft carbon fiber compared to human hair and spacecraft parts, racing car bodies, golf club shafts, bicycle frames, fishing rods, automobile springs, sailboat masts, and many other components where light weight and high strength are needed. In consumption market, the growth rate of global consumption is smooth relatively. North America, Europe and Japan are still the main consumption regions due to the advanced technology and rapid development of economy.

Carbon fiber can be classified as two types, which depends on the number of fiber, including regular-tow carbon fiber and large-tow carbon fiber. Carbon fiber products offer advantages for advanced material solutions such as light-weight; high-tensile strength, manufacturing flexibility and heat resistance. It can be widely used in many fields. Survey results showed that 19.54% of the carbon fiber market is consumed in aerospace industry, 18.54% in sports/leisure, and the largest consumer is industrial materials with 61.92% in 2016.

The raw material used to make carbon fiber is called the precursor. About 90% of the carbon fibers produced are made from polyacrylonitrile (PAN). The remaining 10% are made from rayon or petroleum pitch. On the global market, supply of raw materials is sufficient. The global Carbon Fiber market was 1820 million US$ in 2018 and is expected to 1730 million US$ by the end of 2025, growing at a CAGR of -0.7% between 2019 and 2025. This report studies the Carbon Fiber market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Carbon Fiber in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Toray

ZOLTEK (Toray)

Mitsubishi Rayon

Toho Tenax (Teijin)

Hexcel

Formosa Plastics Corp

SGL

Cytec Solvay

Dow Aksa

Hyosung

Taekwang Industrial

Zhongfu Shenying

Jiangsu Hengshen

Weihai Tuozhan Fiber

Bluestar Fibres

By the product type, the market is primarily split into

Regular-Tow Carbon Fiber

Large-Tow Carbon Fiber

By the end users/application, this report covers the following segments

Industrial Materials

Aerospace

Sports/Leisure

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