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I AgreeAnalysis of Carbon Fiber Filament market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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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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.
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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.
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.
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:
On the basis of application, the global carbon fiber filament market is divided into:
Based on region, the global carbon fiber filament market is segmented as:
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The global market is bifurcated into 3 major segments that are material, technology and application.
Prominent players in the global market are colorFabb, MatterHackers, Teijin Carbon, SGL Group, Kureha Corporation,etc