Carbon Fiber Filament Market To Remain Lucrative During 2021 – 2031

Growing application industries worldwide is providing huge growth prospectus to market over the forecast period

High demand for carbon fiber filaments from the automotive, construction, and aviation industries is leveraging huge adoption opportunities for the market. As per OICA (International Organization of Motor Vehicle Manufacturers), Paris, the total cars and commercial vehicle production in 2016 were recorded to be around 72.1 million that further escalated up to 73.4 million in 2017.

The automotive industry in particular calls for high adoption of carbon fiber filament as these is widely used in automotive interiors and exteriors. In addition, according to the Institution of Civil Engineers, UK, a report “Global Construction Perspectives and Oxford Economics” suggests that the global construction market is expected to reach US$ 8 trillion by the end of 2030.

Also, China, India, and United States will lead the industry by accounting for about 57% of the global construction industry growth. Hence, the growing construction industry also calls for the adoption of carbon fiber filaments as these are a good substitute to the steel filaments in fiber concrete.

Carbon fiber filament market: Regional Outlook

The global carbon fiber filament market is segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, South Asia and East Asia are estimated to account for majority of the global carbon fiber filament market share owing to well-established manufacturing industry.

In addition, increasing urbanization along with well-established automotive and construction industry also drive the carbon fiber filament market region. China is one of the key emerging markets for carbon fiber filament in the region.

Moreover, North America’s aviation industry is expected to create serious demand to the carbon fibers. Middle East & Africa and Latin America account for a substantial market share in terms of value in the carbon fiber filament market.

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Key players of Carbon fiber filament Market

Prominent players in the global carbon fiber filament market are colorFabb, MatterHackers, Teijin Carbon, SGL Group, Kureha Corporation, Toray Industries Inc., Mitsubishi Rayon Co. etc. The carbon fiber filament market is equipped with various global and local vendors.

The research report presents a comprehensive assessment of the Carbon fiber filament market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The Carbon fiber filament market report provides analysis and information, according to market segments such as geographies, type and industry.