Further Key Findings from the Study Suggest:
• The global market is valued at USD 2.49 billion in 2016 and is estimated to register a growth of 10.9% from
2017 to 2025.
• Europe is expected to hold the highest market share by 2025 in terms of both volume and revenue
• U.S carbon fibre market is expected to witness the highest growth from automotive segment growing at an
estimated CAGR of 13.3% during 2014 to 2025
• Growth in Asia Pacific can be attributed to high growth of construction as well as automotive industries
• The aerospace and defense segment holds the highest market share and is projected to grow at an
estimated CAGR of 13.1% over the next nine years.
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• Carbon fiber being lightweight, has been increasingly used in aircraft building over traditional materials such
as aluminum. This has led to the segment growth over the period.
• Polyacrylonitrile (PAN) is expected to witness highest growth due to its superior properties in addition to the
extensive production capacities.
• Pitch segment is estimated to grow at a CAGR of 7.8% by volume over the forecast period.
• Key companies operating in the market include, SGL Group, BASF, Hexcel Corporation, Toray Industries Inc.,
Mitsubishi Rayon Co., Ltd., SE and Teijin Limited, etc.
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