The global carbon fibers market has witnessed a substantial growth in recent years. The increased usage of carbon fiber in the aerospace industry for making structural parts and growing demand by the automotive industry for the development of lightweight as well as fuel efficient vehicles are the key factors which are fuelling the growth of the market. In addition, the rising use of carbon fiber in wind energy industry is also an important factor propelling the growth of the carbon fiber market.

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Aerospace and Defense is the key industry which is estimated to dominate the carbon fiber market in 2016 owing to the increased demand of carbon fiber based composite parts. On the other hand, automotive end-user industry is expected to grow at a substantial rate during the forecast period due to it’s increased demand for manufacturing luxury and sports cars. On the basis of raw material, pan based raw material held the major share in 2016 owing to their features such as increased yield and better processing properties.

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North America is estimated to dominate the carbon fiber market in 2016. The key factor fuelling the growth of the market include presence of large number of conglomerates and growing demand for high end vehicles among consumers in the region. United States is the key country in the region which accounted for highest market share in 2016.

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This research report on carbon fiber market provides in-depth analysis of the global carbon fiber market based on product type, raw material, end-user industry and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for carbon fiber market. The report also analyses the competitive landscape and the major player and their strategies in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.

Key questions this research would answer:

Is the carbon fiber market growing? How long will it continue to grow and at what rate?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the carbon fiber market?
What are the various end-user industries and how they are poised to grow?

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