Global Short Carbon Fiber market cagr 13.2%

Short Carbon Fiber Market

Short Carbon Fiber Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Short Carbon Fiber Market Size and Growth

The global short carbon fiber market is projected to reach $3.2 billion by 2025, with a CAGR of 9.4% during the forecast period. The increasing demand for lightweight and high-strength materials in various industries, such as automotive and aerospace, is driving the growth of the market.

Companies Covered (Covid 19 Impact Covered)

◍ Toray Industries (Japan)

◍ Hexcel Corporation (U.S.)

◍ Teijin Limited (Japan)

◍ Hyosung (South Korea)

◍ SGL Group (Germany)

The Short Carbon Fiber Market is highly competitive with key players like Toray Industries, Hexcel Corporation, Teijin Limited, Hyosung, and SGL Group. These companies cater to various industries like aerospace, automotive, and sports equipment, contributing to the growth of the market. Sales revenue figures: Toray Industries - $18.4 billion, Hexcel Corporation - $2.1 billion, Teijin Limited - $8.6 billion.

Market Segmentation

By Application

◍ Automotive

◍ Aerospace & defense

◍ Sporting Goods

◍ Wind Energy

◍ Civil Engineering

◍ Pipe & Tank

◍ Marine

◍ Electrical & Electronics

◍ Others

By Product

◍ PAN-Based Carbon Fiber

◍ Pitch – Based Carbon Fiber

◍ Rayon – Based Carbon Fiber

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