he Global Carbon Fiber market accounted for $4.15 billion in 2018 and is expected to reach $12.49 billion by 2027, growing at a CAGR of 13% during the forecast period.
While the elements like extending use of carbon fiber in the wind energy industry, growing interest for fuel-efficient and lightweight vehicles are driving the growth of the market; the significant expense of carbon fiber and the accessibility of modest other options, such as, fiberglass, are relied upon to obstruct the development of the market.
Some of the key players in Global Carbon Fiber market include Mitsubishi Rayon Co., Ltd., Formosa Plastics Corporation, Toray Industries Inc., Jiangsu Hengshen Co. Ltd, Hyosung, Teijin Limited, SGL Group, Solvay, Hexcel Corporation, Dowaksa, ELG Carbon Fibre, Zhongfu Shenying Carbon Fiber Co. Ltd., A&P Technology, Inc., Nippon Graphite Fiber Corporation, and Kureha.
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Post time: Apr-20-2020