The report is a comprehensive presentation of trends, forecast and dollar values of global carbon fiber market. According to report the global carbon fiber market is projected to grow at a CAGR of 11.7% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 11/07/2018 -- We have produced a new premium report Carbon Fiber Market. The report covers the analysis of global as well as regional markets of Carbon Fiber. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Carbon Fiber Market by type (virgin fiber (VCF) and recycled fiber (RCF)), application (textiles, composite materials, microelectrodes and catalysis) and end-user industry (aerospace and defense, automotive, construction and infrastructure, wind energy, sporting goods and others) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Carbon Fiber Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Carbon Fiber Market are Toray Industries Inc., SGL Group, Tejin Limited, BASF SE, Mitsubishi Rayon Co., Hexcel Corporation, Hyosung Corporation., Nippon Steel & Sumitomo Metal Corporation and Formosa Plastic Corporation.
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The high strength and light weight properties of Carbone fiber attracts several automotive, aerospace and other manufacturers
Versatile properties offered by carbon fiber based components they are used in various industries such as aerospace and defense, automotive, construction and infrastructure, wind energy, sporting goods and so on. The carbon fiber reinforcement composite materials are used to make the aircraft, spacecraft part and automotive parts as they needs a high strength and low weight. The carbon fibers fulfil the requirements as they offer high strength with relatively low weight with high corrosion resistance.
Rapidly growing use of carbon fiber in the aerospace and spacecraft for the manufacturing of various parts is the primary factor driving the growth of the carbon fiber market. In addition, increasing awareness about the excellent mechanical and physical properties of Carbone fibers rises its used in various industries likely to boost the growth of Carbone fiber market. However, high cost of carbon fibers is hampering the growth of Carbone fiber market. Moreover, growing demand of lightweight but strong material from the automotive and aerospace industries are projected to create the more opportunities in upcoming years
The demand of Carbon fibers in the North America region is growing rapidly
North America dominates the market of carbon fiber market. The presence of the largest aircrafts makers in this region results in increased demand of Carbone fiber in this region. The many automotive manufactures are focusing on the production of light weight cars that is likely to boost the growth of carbon fiber market in this region
Rapidly growing use of carbon fiber in the various industries is likely to boost the market of Carbon fibers
The Carbone fiber offers various benefits over the other fibers such as High Strength, Rigidity, Corrosion resistance, Electrical Conductivity, chemical stability, fire resistance and so on. The automotive, aerospace and other manufacturers are concentrating on the use of Carbone fibers instead of glass or other fibers for the manufacturing which is expected to create more opportunities for the carbon fiber technology in upcoming years.
The major players focusing on the expansion of production capacity to increase their profit margins
Mitsubishi Rayon expanded production capacity by 2000 t at its carbon fiber factory in Sacramento, USA, by mid-2016 to improve the profit margins.
In addition, the players such as Toray Industries Inc., Teijin, Mitsubishi., Formosa and SGL BASF SE, Hexcel Corporation, Hyosung Corporation, and Nippon Steel & Sumitomo Metal Corporation are the major players who are focusing on organic growth opportunities.
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The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global carbon fiber market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of carbon fiber market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the carbon fiber market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the carbon fiber market to understand the present and future trends in this market and formulate their strategies accordingly.