Carbon Fiber Filament Market to Register Unwavering Growth During 2018 2028

Posted by Arslan on October 12th, 2019

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. Rise in demand for lighter weigh vehicle and aircrafts 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 high cost of the carbon fiber filaments, lack of awareness in the underdeveloped regions etc.

High demand for carbon fiber filaments from 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 was 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 are widely used in the automotive interiors and exteriors. In addition, according to 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.

 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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