Stratview Research has published a new report titled “Carbon Fiber Textiles Market” which is segmented by Product Type (Woven Textiles and Multi-Axials), by Process Type (Resin Infusion, Prepreg Layup, and Others), by End-Use Industry Type (Aerospace and Defense, Transportation, Construction, Consumer Goods, Wind Energy, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, The Global Carbon Fiber Textiles Market is expected to reach US$ 0.9 billion in 2026., registering a Healthy CAGR from 2021 to 2026.
Carbon fiber is an extremely lightweight fiber derived from the element carbon. In the composites industry, there are several types of textiles used with glass fiber textiles and carbon fiber textiles being the major ones. On one side, glass fiber textiles have been efficacious in marking a greater presence in cost-sensitive applications, on the other side, there has been an incessant increase in the penetration of carbon fiber textiles in high-performance applications, especially in the aerospace & defense and automotive industries. The key whys and wherefores for using carbon fiber textiles are their excellent strength-to-weight ratio, low coefficient of thermal expansion, lower density than metals, high tensile strength, and high fatigue resistance.
Out of the total textiles used in the composites industry, carbon fiber textiles hold a fair position in the market (having a double-digit share in the market in terms of value). It is also believed that there will be a further increase in the penetration of carbon fiber textiles in the overall composite textiles market shortly.
To learn more about the report, click here:
https://www.stratviewresearch.com/1402/carbon-fiber-textiles-market.html
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Carbon Fiber Textiles Market Share by Product Type
Based on the product type, the market is segmented into woven yarn and multi-axials. Woven yarn is expected to remain the most dominant product type in the market in years to come. Woven yarns dominate the automotive and aerospace & defense industries. Woven yarn offers a greater conformability and delivers a slight edge in strength owing to which it is frequently used for structural applications.
Carbon Fiber Textiles Market Share by End-Use Industry Type
Based on the end-use industry type, the market is segmented as aerospace & defense, transportation, consumer goods, wind energy, construction, and others. Aerospace & defense is expected to remain the largest market for carbon fiber textiles in years to come in terms of value. Carbon fiber textiles offer excellent rigidity, high strength-to-weight ratio, corrosion resistance, electrical conductivity, and fire-resistant properties, making them a preferred choice in the aerospace & defense industry. Furthermore, stringent emission norms in the aerospace & defense industry are fuelling the usage of lightweight yet high-performance materials. Wind energy is the only key segment, being least impacted by the pandemic, and has experienced robust growth in 2020, unlike the aerospace and automotive industries that faced massive declines.
Which Region is expected to remain the largest market?
All regions are to mark significant declines in demand in 2020, followed by a healthy recovery in the years to come. Among regions, Europe is expected to remain the dominant market during the forecast period, driven by higher use of carbon fibers in the form of textiles in the aerospace & defense and automotive industries. Asia-pacific is expected to log the highest growth over the same forecast period in the wake of the increased presence of carbon fiber stakeholders in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the carbon fiber textiles market:
- Sigmatex
- Saertex
- Chomarat Textiles Industries
- SGL Carbon SE
- Vectorply Corporation
- Toray Industries
- Seldom
- BGF Industries Inc.
Key questions answered by the report.
- What is the projected CAGR for revenue from the carbon fiber textiles market during the forecast period?
- What would the market be valued at by 2026?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the carbon fiber textiles market?
- Which are the major market players?
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