Albany, NY -- (SBWIRE) -- 06/27/2014 -- Transparency Market Research’s (TMR) report titled ‘Carbon Fiber Market- Global And China Forecast, Share, Size, Growth And Industry Analysis (2010-2017)’ assesses the market for this very versatile material used in a myriad of applications worldwide. TMR’s market research study comprises in-depth qualitative and quantitative analyses of the global carbon fiber market. This data-rich report provides individual forecasts for the carbon fiber market based on: Product, application, and geographical markets. The market size is estimated in terms of revenue (USD) and volume (million tons). Furthermore, this market research report gives users sharp insights pertaining to the value chain, supply chain, regulatory environment, and the overall competitive landscape.
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Our seasoned research analysts use a blend of primary and secondary research methodologies to arrive at accurate industry numbers. While our primary sources include key opinion leaders and decision makers in the carbon fiber market, our secondary sources range from company literature to technical magazines to databases. The Company Profiles section of this market study report provides an overview of the financial status, product portfolio, SWOT analysis, and recent developments of leading firms.
Carbon fiber is a versatile material as it possesses high tensile strength, light weight, chemical inertness, and low density. This makes it useful in a number of applications such as wind energy, automotive manufacturing, and aerospace. Novel uses of the material continue to evolve, consequently leading to a higher demand for this material. The low-weight and high-strength characteristics of carbon fiber make it well-suited for use in vehicle manufacturing, where it can help improve fuel efficiency without compromising strength. Developing economies report a rising demand for carbon fiber in novel applications. This market research report’s findings state that Asia Pacific has the highest demand for carbon fiber globally, with North America following closely.
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This report notes that carbon fiber presents high potential for commercialization, especially in applications such as wind energy and sports accessories and products. With governments - such as that of the United States - investing considerably in advancing the state of the art of carbon fiber manufacturing while reducing costs, this industry could well be on the brink of transformation. Concerted efforts from both governments and private players will be needed for the carbon fiber industry to break out of its niche mould. Thus, the high cost of carbon fiber has been the main deterrent to its growth.
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