The global Carbon Fibers market is forecast to reach USD 12.06 Billion by 2028, according to a new report by Reports and Data. Carbon Fiber, sometimes known as graphite fiber, is a very strong and lightweight polymer. It is five-times stronger and twice as stiffer than steel. The fiber is lighter than steel, which makes it ideal for manufacturing material for many parts.
The polymer is made of strong, thin crystalline filaments of carbon and is used to strengthen any material. The fiber can be thinner than a strand of human hair, and it gets the strength when twisted together like a yarn. Carbon fibers can be woven together to manufacture cloth and take it can take a permanent shape when laid over a mold and coated in plastic or resin.
Leading Players– Teijin Limited, Toray Industries Inc., Mitsubishi Rayon Co., Ltd., SGL Group, Formosa Plastics Corporation, Hexcel Corporation, Solvay, Formosa Plastics Corporation, Dowaksa, and Jiangsu Hengshen Co. Ltd., among others.
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Further key findings from the report suggest
Key Regional Markets Covered in the Report:
Raw Materials Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Fiber Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Industry Verticals Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Frequently Asked Questions Addressed in the Report:
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