Latest News- Carbon Fiber Market: Aerospace and defense is expected to lead the End-user segment during 2025-2029

The Carbon Fiber Market is being driven by Increasing use of carbon fibers in aerospace and defense sector

The Carbon Fiber Market is expected to grow at a CAGR of 6.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2654.8 million. The carbon fiber market is witnessing significant advancements in recycling technologies, driven by increasing environmental concerns and regulatory pressures. Traditional carbon fiber manufacturing processes are energy-intensive and generate substantial waste, making recycling a crucial solution to enhance sustainability and resource efficiency. New recycling methods, such as mechanical, thermal, and chemical processes, are transforming the recovery of carbon fibers from end-of-life products and manufacturing scrap. Among these, pyrolysis and solvolysis have gained prominence due to their effectiveness in breaking down composite materials while retaining the structural integrity of recycled carbon fibers (rCF). rCF offers cost savings while maintaining sufficient performance properties for non-structural and semi-structural applications, particularly in the automotive, consumer goods, and electronics industries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Aerospace and defense
  • Sports and leisure
  • Wind energy
  • Automotive
  • Others
• Raw Material
  • PAN-based
  • Pitch-based
  • Rayon-based
• Type
  • Virgin Fiber (VCF)
  • Recycled Carbon Fiber (RCF)
• Application
  • Composite Materials
  • Textiles
  • Microelectrodes
  • Catalysis
• Tow Size
  • Small Tow
  • Large Tow
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use of carbon fibers in aerospace and defense sector
• Growth of wind power capacities
• Increasing collaborations and partnerships in global carbon fiber market

However, the market also witnesses some limitations, which are as follows:

• High competition from substitutes
• High cost of carbon fibers
• Limitations of carbon fibers

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Market Scope in Carbon Fiber Market Research Report

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Research Analysis Overview

The Carbon Fiber Market encompasses innovative technologies such as resin infusion techniques and composite material design for manufacturing lightweight, strong components. Fiber breakage analysis and material failure modes assessment ensure durability and reliability. Part consolidation methods, manufacturing cost reduction, and process optimization strategies enhance efficiency. Quality control procedures, advanced manufacturing techniques, and strength-to-weight optimization improve product performance. Defect detection techniques, performance enhancement methods, and structural integrity assessment ensure product excellence. End-of-life management and waste reduction strategies focus on sustainability. Lightweight design principles, design for manufacturing, and material selection criteria cater to various applications, including high-temperature and low-temperature uses, abrasion resistance, chemical resistance, and uv degradation testing. Long-term performance prediction is facilitated through thermoset matrix systems and thermoplastic matrix systems, while hybrid composite materials offer versatility.

Market Research Overview

The carbon fiber market is a significant segment of the global specialty chemicals industry, encompassing prepreg manufacturing processes, fiber orientation optimization, and the production of carbon fiber composites. These advanced materials are renowned for their superior tensile strength and extended fatigue life, making them indispensable in various industries, including aerospace, automotive, and construction. According to Technavio, the market's expansion will be fueled by the increasing demand for high-performance adhesives and sealants, necessitating the use of carbon fiber composites. This shift towards specialty adhesives and sealants will propel the growth of the carbon fiber market throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/