The global High Modulus Carbon Fiber market was valued at US$ 446.1 million in 2020 and it is expected to reach US$ 725 million by the end of 2027, growing at a CAGR of 7.2% during 2021-2027.
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.
High modulus carbon fibers can be classified as PAN-based carbon fibers (M, MJ) and pitch based (MP, MK).
High-mode carbon fiber is a dual-use industrial material with unique properties. It has been widely used in augmentation of advanced composite materials such as aerospace, aviation, sports equipment and high-end civilian products.
Asia-Pacific is the largest high modulus carbon fiber dispenser market with about 42% market share. North America is follower, accounting for about 30% market share. The key manufacturers are Toray, Mitsubishi Rayon, Teijin Carbon, Hexcel, Formosa Plastics Corp, Cytec Solvay, Weihai Tuozhan Fiber etc. Top 3 companies occupied about 70% market share.
Global High Modulus Carbon Fiber Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Modulus Carbon Fiber Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Toray, Mitsubishi Rayon, Teijin Carbon, Hexcel, Formosa Plastics Corp, Cytec Solvay, Weihai Tuozhan Fiber and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-high-modulus-carbon-fiber-market-outlook
Segment by Type
- High Modulus (HM) Grade
- Ultra High Modulus (UHM) Grade
Segment by Application
- Industrial Materials
Table of Content:
1 High Modulus Carbon Fiber Market Overview
2 High Modulus Carbon Fiber Market Competition by Manufacturers
3 High Modulus Carbon Fiber Retrospective Market Scenario by Region
4 Global High Modulus Carbon Fiber Historic Market Analysis by Type
5 Global High Modulus Carbon Fiber Historic Market Analysis by Application
6 Key Companies Profiled
7 High Modulus Carbon Fiber Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 High Modulus Carbon Fiber Market Dynamics
10 Global High Modulus Carbon Fiber Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.