Carbon fiber filament Market: Introduction
Carbon fiber filament may be defined as the combination of short fiber strands and specific printable materials. The carbon fiber filament offers various advantages that includes lighter in weight, good dimensional stability, high strength, stiffness etc.
These filaments are widely being used across various application industries including Aerospace and Defense, Automotive and Transportation, Construction and others. The global carbon fiber filament market is expected to foray ahead with a substantial CAGR over the forecast period, 2018-2028. The rise in demand for lighter-weight vehicles and aircraft is identified as one of the recent trends within the market.
Moreover, technological advancements, increasing demand from the end-user industries coupled with advantages offered by carbon fiber filaments are some of the facts driving the market growth over the forecast period. However, the market growth is restricted by several factors, such as the high cost of the carbon fiber filaments, lack of awareness in the underdeveloped regions, etc.
Growing application industries worldwide is providing huge growth prospectus to market over the forecast period
High demand for carbon fiber filaments from the automotive, construction, and aviation industries is leveraging huge adoption opportunities for the market. As per OICA (International Organization of Motor Vehicle Manufacturers), Paris, the total cars and commercial vehicle production in 2016 were recorded to be around 72.1 million that further escalated up to 73.4 million in 2017.
The automotive industry in particular calls for high adoption of carbon fiber filament as these is widely used in automotive interiors and exteriors. In addition, according to the Institution of Civil Engineers, UK, a report “Global Construction Perspectives and Oxford Economics” suggests that the global construction market is expected to reach US$ 8 trillion by the end of 2030.
Also, China, India, and United States will lead the industry by accounting for about 57% of the global construction industry growth. Hence, the growing construction industry also calls for the adoption of carbon fiber filaments as these are a good substitute to the steel filaments in fiber concrete.
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Carbon fiber filament market: Regional Outlook
The global carbon fiber filament market is segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, South Asia and East Asia are estimated to account for majority of the global carbon fiber filament market share owing to well-established manufacturing industry.
In addition, increasing urbanization along with well-established automotive and construction industry also drive the carbon fiber filament market region. China is one of the key emerging markets for carbon fiber filament in the region.
Moreover, North America’s aviation industry is expected to create serious demand to the carbon fibers. Middle East & Africa and Latin America account for a substantial market share in terms of value in the carbon fiber filament market.
Key players of Carbon fiber filament Market
Prominent players in the global carbon fiber filament market are colorFabb, MatterHackers, Teijin Carbon, SGL Group, Kureha Corporation, Toray Industries Inc., Mitsubishi Rayon Co. etc. The carbon fiber filament market is equipped with various global and local vendors.
The research report presents a comprehensive assessment of the Carbon fiber filament market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Carbon fiber filament market report provides analysis and information, according to market segments such as geographies, type and industry.
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The Carbon fiber filament Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Carbon fiber filament Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia
- South Asia
The Carbon fiber filament report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Carbon fiber filament report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The Carbon fiber filament report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Carbon fiber filament Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation analysis of Carbon Fiber Filament Market
The global carbon fiber filament market is bifurcated into three major segments that are material, technology and application.
On the basis of material, the global carbon fiber filament market is divided into:
On the basis of technology, the global carbon fiber filament market is divided into:
- Filament winding
- Injection molding
- Resin transfer
On the basis of application, the global carbon fiber filament market is divided into:
- Aerospace and Defense
- Automotive and Transportation
- Sports and Leisure
- Oil & Gas
- Wind Energy
Based on region, the global carbon fiber filament market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
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