Global Carbon Fiber Resin Market | Trends, Share, Growth Rate, Opportunities and Market - 2023

The global carbon fiber resin market is witnessing significant growth, due to the increasing demand for carbon fiber composites in end-user industries, such as wind energy, automotive, aerospace and defense, and sporting goods. Moreover, the increasing demand for fuel efficient and lightweight vehicles, and increasing use of carbon fiber in Airbus, aircrafts and Boeing are fueling the growth of the global carbon fiber resin market.

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Thermoset resins find larger applications in aerospace and defense, and automotive industries, as high thermal resistance materials are required in these industries.

The growing demand in the emerging economies and increasing compliance for carbon fiber composites in Boeing are creating ample growth opportunities for the global carbon fiber resin market during the forecast period. In addition, the major players in aerospace and defense industries are collaborating with lightweight carbon fiber composites suppliers and manufacturers.

Geographically, North America held the largest share in the global carbon fiber resin market in 2015, owing to the high compliance for lightweight composites and high demand of carbon fiber from aerospace and defense, marine and automotive industries. Moreover, North America is also anticipated to be the fastest growing market for carbon fiber resin during 2016 – 2023.

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The key players operating in the global carbon fiber resin market are Alpha Owens-Corning, BASF SE, Hexion Inc., Huntsman Corporation, Ashland Inc., Polynt, 3M Company, and ALIANCYS AG