Global Carbon Fibers Market Amid the Pandemic Impact - Aerospace and Automotive Demand Declined Sharply in 2020

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Industry Experts, Inc. released an updated 2021 version of its in-depth comprehensive market report on Carbon Fibers. This global market report entitled "Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) – A Global Market Overview" covers the detailed impact of COVID-19 pandemic on the Carbon Fiber market.

Global demand for Carbon Fibers was declined sharply in 2020, dropping by 9.5% YOY in volume terms and 15.4% in value terms, due to reduction in demand for Carbon Fibers across major application areas amid the impact of coronavirus pandemic. Aerospace, automotive, and oil & gas applications have been hit hard by the pandemic during 2020.

COVID-19 pandemic has impacted the production rates of aircrafts significantly during 2020 as demand for new aircrafts drastically decreased. Additionally, the parked fleet of commercial aircraft reached record levels globally during 2020 as passenger traffic fell and airlines reduced capacity. Each new generation of commercial aircraft has used increasing quantities of advanced composites, replacing metals and other materials. This follows the trend previously seen in military fighter aircraft where advanced composites may now exceed 50% of the weight of the airframe.



Carbon Fiber application areas analyzed in this report include Aerospace & Defense, Sports & Leisure, Wind Energy, Automotive, Pressure Vessels, Construction & Infrastructure, Electrical & Electronics and Other Industrial.

The study reviews, analyzes and projects the Carbon Fibers and Carbon Fiber Reinforced Plastics (CFRP) market for global and the regional markets including the North America, Europe, Japan, Asia and Rest of World for the period 2017-2026 in terms of volume (metric tons) as well as value (US$ million). These major regions further analyzed for individual markets in North America – the United States and Canada; Europe – Germany, France, Italy, Spain, Denmark and the United Kingdom; Asia – China, South Korea and India; Rest of World – Brazil, Russia and Turkey.

This 426 page global carbon fibers and carbon fiber reinforced plastics (CFRP) market report includes 145 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The report profiles 51 key global players (carbon fiber producers – 15, carbon fiber recyclers – 3 and carbon fiber composite producers – 33) and 154 major players across North America – 48; Europe – 52; Japan – 14; Asia – 33; and Rest of World – 7. The study also provides the listing of the companies engaged in manufacturing and supply of carbon fibers and carbon fiber reinforced plastics as well as carbon fiber recyclers. The global list of companies covers the address, contact numbers and the website addresses of 337 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.

For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/carbon-fibers-and-carbon-fiber-reinforced-plastics-cfrp-a-global-market-overview

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