Carbon Fiber Textile Market Scope
Carbon fibre is an extremely lightweight fibre derived from the part carbon. within the composites trade, there are many forms of textiles used with fibre textiles and carbon fibre textiles being the most important ones. On one facet, fibre textiles are efficacious in marking a bigger presence within the cost-sensitive applications, on the opposite side, there has been an incessant increase within the penetration of carbon fibre textiles in superior applications, particularly within the aerospace & defence and automotive industries.
Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (United States), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea) and DowAksa (Turkey) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Carbon Fiber Textile market by Type (Woven Textile (Traditional Twill Weave, Patterned Weaves), Non-Woven Textile and Other), by Application (Automotive, Aerospace, Sports Equipment and Other) and Region with country level break-up.
On the basis of geography, the market of Carbon Fiber Textile has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
In 2018, Mitsubishi Corp. completes the acquisition of ELG Carbon Fibre (ECF). This acquisition will support marketing and sales of ECF recycled carbon fibre products and support expanding ECF’s recycling operations.
In 2019, Teijin entered in an agreement with Bombardier Aerostructures and Engineering Services for the TENAX carbon fibre material. This helped the Bombardier Aerostructures and Engineering Services to upgrade the material of aircrafts for efficient builds and step up the scene the aircraft business.
- Rising Demand for Fuel-Efficient Vehicles and Growing Usage of Carbon Fibers in The Wind Energy Industry
- Rise in the Demand of Carbon Fiber Textile to Manufacture Structural Composites Parts that are Used in The Aircrafts
- Rise in Demand for the Lightweight Robust Material like Carbon Fibre Replacing the Metal Substitutes
- Rising Demand for Carbon in 3D Printing
- High Cost of Carbon Fiber and Fluctuating Raw Material Prices
- Insufficient Production Capability of Manufacturing Plants
- Availability of Substitutes in Market
Key Target AudienceCarbon Fiber Textile Manufacturers, Raw Material Manufacturer, Research Institutes, End User Industry and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Carbon Fiber Textile Market?
The Carbon Fiber Textile study can be customized to meet your requirements. The market size breakdown by type [Woven Textile (Traditional Twill Weave, Patterned Weaves), Non-Woven Textile and Other], by end use application [Automotive, Aerospace, Sports Equipment and Other].
2. How big is the Carbon Fiber Textile Market?
The Carbon Fiber Textile Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Carbon Fiber Textile Market?
According to AMA, the Global Carbon Fiber Textile market is expected to see growth rate of %.