The global rayon carbon fiber market is segmented into type, end-use industry, and region. Based on type, the market is categorized into continuous, long, and short. Continuous rayon carbon fibers have high tensile strength than other types, due to which it experiences high demand. On the basis of end-use industry, the market is classified into aerospace & defense, alternative energy, automotive, construction & infrastructure, sporting goods, and others. The aerospace & defense dominates market, owing to increase in use of rayon carbon fiber due to its enhanced stability, endurance, and strength.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these regions, North America leads the market, due to development of the automotive, wind energy and aerospace & defense industries in this region.
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The Major Key players Are:
Hexcel Corporation, ZOLTEK Corporation, Teijin, OJSC SvetlogorskKhimvolokno, SGL Carbon, DowAksa Advanced Composites, Solvay, Mitsubishi Chemical Corporation., Toray Carbon Fiber, and Lenzing.
These players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base in the market.
Carbon fiber is a high-strength polymer material, which consist of strong and thin crystalline filaments of carbon. Carbon fibers are made up of various raw materials, such as rayon. Rayon is a manufactured fiber made up of cellulose, which is majorly obtained from plants. Rayon is termed as regenerated cellulose, which possesses high mold ability, superior elastic modulus, and enhanced corrosion resistance. Stabilization in air, carbonization in an inert environment, and graphitization in an inert atmosphere are the steps that required to convert rayon fibers into high modulus carbon fiber. Rayon carbon fiber has enhanced mechanical and physical properties such as high tensile strength, impact resistance, and lightweight. Owing to these properties, it is used as rigid felt for thermal insulation, carbon felt for thermal insulation of high-temperature furnaces, and carbon composites for vacuum furnaces.
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The growth of the global rayon carbon fiber is driven by increase in demand for fuel-efficient & lightweight vehicles, rise in demand in the aerospace & defense sector, and implementation of government regulations for emission control. Moreover, increase in usage in renewable energy, surge in demand from aircraft & wind energy industries, and increase in use of rayon carbon fiber in the automotive industry contribute toward the market growth. Furthermore, increase in demand from the protective clothing industry is supplementing the growth of the market. However, high price of rayon carbon fiber and shortage of raw materials are restraining the growth of the market. On the contrary, rise in use of rayon carbon fiber in the medical industry, wind turbines industry, and in 3D printing is anticipated to offer growth opportunities during the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
- The rayon carbon fiber market size has been analyzed across all regions.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The rayon carbon fiber market analysis covers in-depth information of major industry participants.
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