Carbon Fiber Strands Market - Global Industry Report, 2030 Knowpia

Carbon Fiber Strands: Introduction

Carbon fiber strands are fibers of about five to 10 micrometers in diameter and composed primarily of carbon atoms
Carbon fiber strands possess several benefits such as high stiffness, high tensile strength, low weight, high chemical resistance, high temperature tolerance, and low thermal expansion
Carbon fiber strands are employed in aerospace, civil engineering, military, and motorsports applications. However, they are relatively expensive vis-à-vis similar fibers such as glass fibers or plastic fibers.

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Raw Materials Used in Manufacture of Carbon Fiber Strands

Raw materials used in the manufacture of carbon fiber strands are called precursors. About 90% of carbon fibers are made from polyacrylonitrile (PAN). The remaining 10% carbon fibers made from rayon or petroleum pitch. These materials are organic polymers, characterized by long strings of molecules bound together by carbon atoms.
Various gases and liquids are used during the manufacturing process of carbon fiber stands. Some of these materials are designed to react with the fiber to achieve a specific effect. Other materials are designed not to react or prevent certain reactions with the fiber. Akin to precursors, the exact compositions of many of these process materials are proprietary.

Applications of Carbon Fiber Strands

Based on application, the global carbon fiber strands market can be segmented into aerospace, sporting goods, wind energy, electrical & electronics, automotive, and others. Carbon fiber strands can be used in various applications such as auto racing and aerospace. These are used extensively in the composite industry due to their unmatched strength and light weight.
Aerospace and space were some of the first industries to adopt carbon fiber strands. The high modulus of carbon fiber strands makes it structurally suitable to replace alloys such as aluminum and titanium. Carbon fiber provides weight saving properties. This is the primary factor that carbon fiber strands are being employed in the aerospace industry.
Every pound of weight saving can make a difference in fuel consumption. Therefore, Boeing's new 787 Dreamliner has been the best-selling passenger aircraft in the history. The majority of the aircraft's structure is made with carbon fiber reinforced composites.

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North America to Hold Major Share of Global Carbon Fiber Strands Market

In terms of region, the global carbon fiber strands market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
In terms of value, Asia Pacific dominated the global carbon fiber strands market in 2019. This can be ascribed to growth in the construction sector in developing countries such China and India in the region.
North America and Europe cumulatively accounted for large share of the global carbon fiber strands market in 2019. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations.
Europe has some of the prominent automotive manufacturers such as BMW, Fiat, and Bentley. These automotive manufacturers use carbon fiber composites in various structural automotive parts such as bonnets, bumpers, and frontends. The region has large numbers of offshore wind energy installations, especially in the U.K. and Germany.

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Key Players Operating in Global Market

The global carbon fiber strands market is fragmented, with market players focusing on incorporating advanced technologies to gain higher share. These players offer a complete portfolio of products and focus on different business strategies to strengthen their position.

Key players operating in the global carbon fiber strands market include: