US Carbon Fiber Market is Expected to grow at a CAGR of 8.6% During Forecast 2020-2026

US carbon fiber market is estimated to grow significantly at a CAGR of around 8.6% during the forecast period owing to its adoption in various industries including aerospace & defense, automobile, power generation, and construction industry, among others. The aerospace industry in the US is one of the largest across the globe as per the International Trade Administration (ITA). In 2018, the industry contributed $151 billion in export sales to the US economy. At the end of 2017, the inward stock of FDI into the US aerospace manufacturing industry totaled more than $21 billion. The primary driving factors for this market include the increasing demand for lightweight materials in the aviation industry and the capability of carbon fiber components for performing better at high temperatures. 

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The US carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market. The market value is attributed to the increased production by the major aerospace & defense manufacturers.

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US Carbon Fiber Market Segmentation

By Raw Material

·        Polyacrylonitrile (PAN)

·        Petroleum Pitch & Rayon

By Fiber Type

·        Virgin Carbon Fiber

·        Recycled Carbon Fiber

By Industry Verticals

·        Aerospace & Defense

·        Automotive

·        Construction Infrastructure

·        Others (Sporting Goods)

Company Profiles

·        Formosa Plastics Corp. 

·        Hexcel Corp.

·        Kureha Corp.

·        Mitsubishi Chemical Carbon Fiber and Composites, Inc. 

·        Nippon Carbon Co. Ltd.

·        RTP Co.

·        Solvay SA

·        SGL Carbon SE

·        Toray Industries Inc.

·        Teijin Ltd.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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