With the emergence and long-term Impact of COVID-19, Global Carbon Fiber Thread Market to reach USD 2.42 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Carbon Fiber Thread Market points towards a potential rise to USD 2.42 billion by 2030. Carbon Fiber Threads are thin, lightweight strands made mostly of carbon atoms. They are incredibly strong and have a high tensile strength. The production process involves selecting a precursor material such as polyacrylonitrile (PAN), pitch, or rayon, which is then spun or melted into filaments. These fibers are stabilized and then undergo carbonization, where they are heated to high temperatures in a controlled environment.
This process removes non-carbon components and transforms the fibers into strong, lightweight Carbon Fiber Threads. The growing need for lightweight and strong materials in industries such as aerospace and automotive is fueling the market for Carbon Fiber Threads. Additionally, the rising demand for renewable energy, driven by concerns over the environmental impact of conventional energy sources such as fossil fuels, has led to increased usage of renewable sources such as wind energy.
Geographically, the global Carbon Fiber Thread market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to increasing disposable income, urbanization, a growing middle class, and growing demand in the automotive sector. Asia Pacific is expected to grow significantly over the forecast period, owing to rising disposable income, and a growing automotive and aerospace sector. Additionally, government initiatives promoting lightweight materials and sustainable manufacturing further drive the demand for Carbon Fiber Threads in the region.
The global Carbon Fiber Thread market is highly competitive owing to the presence of several key players such as SGL Carbon Mitsubishi Chemical Corporation Kureha Corporation Hexcel Corporation Formosa Plastics Corporation Beijing Konfitex Technology Co., Ltd. Toray Industries, Inc. Teijin Limited ZhongAo Carbon Solvay S.A., and others.
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Key findings of the study suggest:
- Global Carbon Fiber Thread Market is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030.
- In the Product Type segment, Continuous Carbon Fiber Thread emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing disposable income in the region.
- Asia Pacific is expected to grow at higher rate owing to growing automotive and aerospace sector in the region
Bizwit Research & Consulting has considered following segments for the study:
By Product Type:
- Continuous Carbon Fiber Thread
- Chopped Carbon Fiber Thread
By End Use Industry:
- Aerospace
- Automotive
- Sports and Recreation
- Construction and Infrastructure
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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