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High Modulus Carbon Fiber Market Worth US$ 721.3 Million by 2026 – COVID-19 Impact and Global Analysis by The Market Reports

The global High Modulus Carbon Fiber market was valued at US$ 423.9 million in 2019 and it is expected to reach US$ 721.3 million by the end of 2026, growing at a CAGR of 7.8% during 2021-2026.

Carbon fiber is a long, thin strand of material about 0.0002-0.0004 in (0.005-0.010 mm) in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. The crystal alignment makes the fiber incredibly strong for its size. Several thousand carbon fibers are twisted together to form a yarn, which may be used by itself or woven into a fabric. The yarn or fabric is combined with epoxy and wound or molded into shape to form various composite materials.

High modulus carbon fibers can be classified as PAN-based carbon fibers (M, MJ) and pitch based (MP, MK).

High-mode carbon fiber is a dual-use industrial material with unique properties. It has been widely used in augmentation of advanced composite materials such as aerospace, aviation, sports equipment and high-end civilian products.

In consumption market, the growth rate of global consumption is smoothly increase. North America, Europe and Japan are still the main consumption regions due to the advanced technology and rapid development of economy, while China is estimated to be the most promising region. In 2018, China consumed about 14.47% carbon fiber.

Global High Modulus Carbon Fiber Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global High Modulus Carbon Fiber Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Toray, Mitsubishi Rayon, Teijin Carbon, Hexcel, Formosa Plastics Corp, Cytec Solvay, Weihai Tuozhan Fiber and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-high-modulus-carbon-fiber-market-research-report

Segment by Type

  • High Modulus (HM) Grade
  • Ultra High Modulus (UHM) Grade

Segment by Application

  • Aerospace
  • Industrial Materials
  • Sports/Leisure
  • Others

Table of Content:

1 High Modulus Carbon Fiber Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global High Modulus Carbon Fiber Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 High Modulus Carbon Fiber Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

Media Contact

Company Name: The Market Reports

Contact Person: Shirish Gupta

Email: sales@themarketreports.com

Phone: +1-631-407-1315