The milled carbon fiber market is projected to grow from USD 182 million in 2024 to USD 302 million by 2029, at a CAGR of 10.8% during the forecast period. Milled carbon fiber, a short and powdered form of carbon fiber typically measuring 80-100 micrometers in length, is utilized as a reinforcing material in composite materials. It offers exceptional properties such as a high strength-to-weight ratio, high tensile and flexural strength, dimensional stability, and excellent electrical and thermal conductivity. Compatible with both thermoset and thermoplastic resin systems, milled carbon fiber enhances the mechanical properties, dimensional stability, and conductivity of the composite materials it is incorporated into. It is produced by mechanically crushing carbon fiber using techniques such as hammer mills, roll mills, orient mills, or impeller mills, with the sizing amount typically ranging from 0.05 to 0.30 weight%. Milled carbon fiber finds its primary applications in industries including automotive and transportation, aerospace and defense, wind energy, sports and leisure goods, and construction and infrastructure.
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The major players active in the milled carbon fiber industry are based in Asia Pacific, North America and Europe region. Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Daigas Group (Japan), Stanford Advanced Materials (US), Nippon Graphite Fiber Co., Ltd. (Japan), Easy Composites Ltd (UK), Haufler Composites GmbH & Co. KG (Germany), Procotex (Belgium), SGL Carbon (Germany), CLM-Pro (Croatia), R&G Faserverbundwerkstoffe GmbH (Germany), Nippon Polymer Sangyo Co., Ltd. (Japan), Tasuns Composite Technology Co., Ltd. (China), Nantong Yongtong Environmental Technology Co., Ltd. (China), Hebei Yayang Spodumene Co., Ltd. (China), K. SAKAI & Co., LTD. (Japan), Elley New Material Co., Ltd. (China), TIANJIN YUFENG CARBON CO., LTD. (China), CARBONFIBER.CZ (Czech Republic), Shenzhen Xiangu High-Tech. Co., Ltd. (China), Hangzhou Impact New Materials Co., Ltd. (China), China Beihai Fiberglass Co., Ltd. (China), are among a few leading players operating in the milled carbon fiber market market. Major focus was given to the development of new manufacturing processes for milled carbon fiber market and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the milled carbon fiber market market further.
Toray Industries, Inc. (Japan)
Toray Industries, Inc., a major player in the world of advanced materials; the company offers milled carbon fiber products through its subsidiary, Zoltek. Toray operates its business through six main segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, life science, and others. The company is a global leader in the development and production of synthetic fibers and textiles, including carbon fiber and composites. Milled carbon fiber, provided by Toray, is used to produce lightweight components in automotive, wind energy, and marine industries. Toray Industries Inc.’s operations are spread across 29 countries, mainly in Asia Pacific, Europe, and North America. The company outlines long term agreement as one of the key practices for growing its milled carbon fiber market business.
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Teijin Limited (Japan)
Teijin Limited is actively involved in the production and distribution of milled carbon fiber products under the Tenax brand, offering high-performance carbon fiber powders. The company operates through materials, healthcare, fibers & products converting, information technology, and other segments. It offers high-performance carbon fiber and milled carbon fiber products through its materials segment. Toho Tenax is the core subsidiary company of Teijin that manages the carbon fiber and composites business.
The company is the second-largest carbon fiber manufacturer, has a global presence with manufacturing facilities in 82 countries and a network of more than 169 group companies globally.
The company has focused on the adoption of organic and inorganic strategies to cement its position as the market leader in the milled carbon fiber market. This includes the various product launches and developments and acquisitions, which have been supported by several contracts, collaborations, and partnerships with businesses from across the world.
SGL Carbon (Germany)
SGL Carbon is one of the world’s leading manufacturers of milled carbon fiber-based material. The company operates through five business units: corporate, graphite solutions, carbon fibers, composite solutions, and process technology. The company offers milled carbon fiber through its carbon fibers segment. SGL Carbon produces its SIGRAFIL milled carbon fibers from high-quality continuous carbon fiber tows from its own production lines. SGL Carbon’s SIGRAFIL milled carbon fibers are excellent for making materials electrically conductive such as powders, dry mixtures, adhesives, floorings, aqueous adhesive systems, and all aqueous mixing processes.
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