Carbon Fiber in Light Weight Pressure Vessels Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Carbon Fiber in Light Weight Pressure Vessels Market accounted to US$ 187 Mn in 2018 and is expected to grow at a CAGR of 11% during the forecast period 2021-2027, to account to US$ 486.5 Mn by 2027.

Carbon fiber is widely used in pressure vessel applications due to its superior properties such as light weight, corrosion resistance, high stiffness, high strength, and long life compared to other materials such as aluminum, steel, etc. Carbon fiber is a hard, chemically inert material that is difficult to compress and stretch. Carbon fiber provides high strength to the vessel, which helps prevent explosions in gas storage systems. Carbon fiber in lightweight pressure vessels is increasingly being manufactured through a filament winding process in which a continuous fiber filament is wound onto an auxiliary mandrel.

Market Segments

By Precursors

• Polyacrylonitrile (PAN)
• Pitch

By Tow Size

• 12k to 24k
• Above 24k

Key Players

Some of the players present in global carbon fiber in light weight pressure vessels market are HYOSUNG CORPORATION, Solvay, Formosa Plastics Corporation, Toray Industries, Inc., Teijin Limited, SGL Carbon, Mitsubishi Chemical Corporation, Kureha Corporation, Hexcel Corporation, Dowaksa among others.

Scope of the Report

The research study analyzes the global Carbon Fiber in Light Weight Pressure Vessels industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Carbon Fiber in Light Weight Pressure Vessels Market Report

1. What was the Carbon Fiber in Light Weight Pressure Vessels Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Carbon Fiber in Light Weight Pressure Vessels Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Carbon Fiber in Light Weight Pressure Vessels Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.