United States Carbon Fiber and Carbon Fiber Composite Material Market was valued at USD 0.88 Billion in 2022 and is projected to reach USD 1.43 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Carbon Fiber and Carbon Fiber Composite Material Market has been experiencing rapid growth in recent years, driven by increasing demand from various industries. Carbon fiber, known for its light weight, high strength, and resistance to corrosion, is widely used in applications that require both performance and durability. The materials are now being incorporated into a growing range of products, from automotive to aerospace, construction, and sporting goods. As the need for high-performance materials escalates, industries are turning to carbon fiber to enhance efficiency and reduce weight in their products.
Industries are increasingly investing in carbon fiber because of its ability to meet specific needs for lighter and stronger components. In the automotive industry, for example, carbon fiber helps reduce vehicle weight, improving fuel efficiency and overall performance. Similarly, in the aerospace sector, carbon fiber composites are used to manufacture components such as fuselages and wings, offering substantial weight savings without compromising structural integrity.
Carbon fiber and its composites are also playing a pivotal role in the wind energy sector, where the materials are used in the construction of lighter and more durable turbine blades. These materials are capable of withstanding extreme conditions, making them ideal for this application. Additionally, the sports and recreational sector is benefiting from carbon fiber's superior strength-to-weight ratio, where it is utilized in products like bicycles, golf clubs, and skis.
As the market for carbon fiber and carbon fiber composite material grows, technological advancements are making these materials more affordable and accessible. While historically expensive, continuous research and development have led to cost reductions, making carbon fiber more viable for broader applications. The trend towards sustainability also plays a role in the increased adoption of these materials, as they offer energy-efficient solutions in many industries.
With its exceptional properties and broad range of applications, the demand for carbon fiber and carbon fiber composite materials in the US is set to rise even further in the coming years. Manufacturers are increasingly focusing on innovation to meet the evolving needs of various sectors, positioning carbon fiber as a key material for the future of industry.
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Toray
Sigmatex
Chomarat
Mitsubishi Chemical
BGF Industries
SGL Carbon
Hexcel
Selcom
Gernitex
Weihai Guangwei
Shanghai Horse Construction
Oxeon
Formosa Taffeta
Hyundai Fiber
Hengshen
Sinofibers Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Carbon Fiber and Carbon Fiber Composite Material Market
High-Modulus Carbon Fiber
Standard Modulus Carbon Fiber
Intermediate Modulus Carbon Fiber
Ultra-High Modulus Carbon Fiber
Carbon Fiber Reinforced Polymer (CFRP)
Carbon Fiber Reinforced Metal (CFRM)
Carbon Fiber Reinforced Ceramic (CFRC)
Others (including hybrid composites)
Lay-Up Process
Filament Winding
Resin Transfer Molding (RTM)
Prepreg Layup
Other Processes (e.g., Compression Molding)
Aerospace
Automotive
Sports and Leisure
Wind Energy
Construction and Civil Engineering
Electronics
Defense and Military
Carbon Fiber Sheets
Carbon Fiber Tapes
Carbon Fiber Fabrics
Carbon Fiber Prepregs
Carbon Fiber Tubes and Pipes
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Carbon Fiber and Carbon Fiber Composite Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Carbon Fiber and Carbon Fiber Composite Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Carbon Fiber and Carbon Fiber Composite Material Market, By Type
6. US Carbon Fiber and Carbon Fiber Composite Material Market, By Application
7. US Carbon Fiber and Carbon Fiber Composite Material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Carbon Fiber and Carbon Fiber Composite Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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