Carbon Fiber Market Insight: Prices, Trends & Forecasts by Procurement Resource

Carbon Fiber is an industrial polymer material that is very thin and strong in nature. The crystalline filament measures equal to a hair strand that possesses extreme strength and stiffness, which has extensive applications in the commercial sectors. It is obtained by high-tech manufacturing processes while processing polyacrylonitrile as the base material.

It comprises carbon atoms that are bound together to form long chains of carbon molecules and shape the filament making it light in weight and strong. It has high tensile strength and can tolerate extreme temperatures with low thermal expansion properties. It is resistant to chemicals ad is a special resin that is used to manufacture various connectivity that is further used in automobiles, automotive and electronic industries.

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Vietnam, the United States, and India are the key importing countries that import carbon fiber. On the other hand, the key exporting countries include China, Vietnam, and Japan.

Key Details About the Carbon Fiber Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Carbon Fiber price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Carbon Fiber Price chart, including India Carbon Fiber price, USA Carbon Fiber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Carbon Fiber Price Trend:

Carbon fiber is a thin, lightweight, and strong polymer material with several applications mainly associated with polymer manufacturing, automotive, and electronics industries. The material is primarily used in manufacturing automobiles and automotive structures, especially aircraft, space crafts, racing cars, bicycles, golf club shafts, sailboats, etc. The material is widely used in crafting and structuring various products due to its stiffness, strength, and high tensile strength, making it a suitable raw material to manufacture durable and cost-efficient products.

Carbon fiber is also utilized in manufacturing weapons, military protective equipment, knives, drones, work boots, canoes, hard hats, helmets, and more. It is used in manufacturing structures that are primarily used in construction, such as trusses and beams. It is also marked as a raw material in making various commercial items such as fishing rods, musical instruments, luxurious showpieces, and scientific equipment.

Key Players:

  • Hexcel Corporation
  • SGL Carbon
  • Toray
  • Mitsubishi Chemical Holdings
  • Solvay

News & Recent Development

  • Date: March 27, 2023- The petrochemical manufacturer SABIC plans to deploy advanced carbon fiber in mobile, connected devices. The plan and collaboration aim to build strong and suitable connections in the automotive and electronic industries.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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