Lucintel Forecasts the Global Carbon Fiber Textile Market to Reach $4 Billion by 2030
Lucintel Forecasts the Global Carbon Fiber Textile Market to Reach $4 Billion by 2030
Blog Article
According to the recent study the global carbon fiber textile market is projected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growing demand for lightweight and high performance composite materials in transportation, marine, wind energy, aerospace/defense, and construction industries.
Browse 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunities and forecast in carbon fiber textile market by end use (transportation, marine, wind energy, aerospace and defense, construction, consumer goods, and others), product type (woven textiles and non-woven textiles), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aerospace and defense will remain the largest end use by value and it is also expected to witness the highest growth over the forecast period due to higher strength and stiffness properties.
Woven textile will remain the largest segment due to its wide application area in transportation, aerospace/defense, and wind energy industries. The non-woven textile is expected to witness highest growth over the forecast period due to its better drapability, optimization in component design, and de-lamination resistance.
APAC is expected to remain the largest region due to presence of leading carbon fiber composite component manufacturers and North America is expected to witness the highest growth over the forecast period due to growing end use industries in the region.
Saertex Group, Sigmatex (UK) Ltd., VECTORPLY CORPORATION, Chomarat, BGF Industries, SGL Group, Hexcel, SELCOM S.R.L, and Toray Industries, Inc. are the major suppliers in the carbon fiber textile market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
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