The Pan-Based Carbon Fibers Market was valued at USD 3.24 billion in 2022 and is projected to exhibit a CAGR of 11.6% during the forecast period. The growing demand for polymer reinforced carbon fiber composites is expected to boost the growth of the global PAN-based carbon fibers market. Furthermore, the growing aerospace & defense industry is likely to ensure a stable revenue source to the global PAN-based carbon fibers market during the forecast period.
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/8053
Segmental Analysis
The global PAN-based carbon fibers market has been segmented by type, application, and region.
By type, the global PAN carbon fibers market has been segmented into composites and non-composites. The composites segment held a larger market share in 2018 by value and volume due to the increasing demand for carbon fiber reinforced composites across various industry verticals. The segment is expected to register a higher CAGR during the forecast period.
On the basis of application, the global PAN-based carbon fibers market has been segmented into aerospace & defense, automotive, construction, wind energy, sports & leisure, and others. The aerospace & defense segment accounted for the largest share of over 50% in 2018 and is expected to exhibit the highest CAGR during the forecast period. The growth of this segment is attributed to the extensive use of carbon fibers in the manufacturing of aircraft body parts owing to its excellent strength to weight ratio, which increases the overall efficiency of the aircraft. Furthermore, the increased government spending on defense equipment is also contributing to the growth of the segment.
Market Segmentation
The latest market updates highlight the global market segmentation. The global PAN-based carbon fiber market has been segmented in the global scenario based on type, applications, and region.
Type-based segmentation
The market has been divided into types and includes both composites and non-composites.
Application-based segmentation
The global market has been classified based on its applications and the use is extended to industries like aerospace & defense, automotive, construction, wind energy, sports & leisure, and others.
Competitive Analysis
Some of the key players operating in the global PAN-based carbon fibers market are SGL Carbon (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Toray Industries Inc. (Japan), Formosa Plastics Corporation (Taiwan), Cytec Industries, Inc (US), and Hyosung Corporation (South Korea).
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/pan-based-carbon-fibers-market-8053
Regional Analysis
The global PAN-based carbon fibers market has been studied with respect to five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific market held the largest share in 2018 and is expected to register the highest CAGR during the forecast period. North America accounted for the second-largest market share in 2018, which is further trailed by Europe. The Latin American and the Middle East & African markets are expected to witness healthy growth during the forecast period.
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Contact Us:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Related Reports:
https://www.marketresearchfuture.com/reports/antifouling-coatings-market-5540