Growth Opportunities in Global Carbon Fiber Market 2016-2021, May 2016
According to a new market report published by attractive with opportunities in the aerospace, sporting goods, and industrial applications. The globalcarbon fiber market is forecast to grow at a CAGR of 11.0% by value from 2016 to 2021. The majorgrowth drivers of this market are growing demand of lightweight material in end-use industries. The othermajor drivers are increasing penetration of carbon fiber in commercial aircraft (B787 and A380), windturbine blades, automotive applications and various industrial applications.
In this market, sporting goods, aerospace, and industrial applications are the end use applications ofcarbon fiber. Lucintel predicts that the demand for industrial application is expected to experience thehighest growth in the forecast period, supported by growing wind energy industry and increase demandfor lightweight materials in automotive industry.
Within global carbon fiber market, industrial applications are expected to remain as the largest market byvolume consumption. Growing demand of lightweight materials in the automotive industry and increasedwind turbine blade length is expected to spur growth for this segment over the forecast period.
Based on precursors type, the carbon fiber market can be segment into two types, i.e. PAN(polyacrylonitrile)-based and pitch-based. Pan-based carbon fiber usage is higher by value and volumebecause of its lower cost than pitch-based.
North America is expected to remain the largest market due to growth in end-use industries andincreasing demand of lightweight materials in the aerospace and automotive industries. Rest of World,including Asia Pacific is expected to witness the highest growth over the forecast period due to theanticipated growth in the end-use industries and increasing focus on high performance compositematerials.
For market expansion, this report suggests innovation and new product development, where the uniquecharacteristics of carbon fiber can be capitalized. The report further suggests the development ofpartnerships with customers to create win-win situations and development of high performance productsfor the end-use industries. Toho Tenax, Toray, SGL, Cytec, Hexcel, Mitsubishi Rayon are among themajor suppliers of the carbon fiber.global carbon fiber market by market segment, applications, region, and precursors type, and has comeup with a comprehensive research report, “Growth Opportunities in the Global Carbon Fiber Market2016-2021”. The Lucintel report serves as a spring board for growth strategy as it provides acomprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast ofglobal carbon fiber market through 2021, segmented by market segment, applications, region, andprecursor’s type, as follows:
By market segment [Value ($M) and Volume (M lbs) shipment analysis for 2010 – 2021]:
By applications [Value ($M) and Volume (M lbs) shipment analysis for 2010 – 2021]:
Growth Opportunities in Global Carbon Fiber Market2016-2021
Skis, Snowboards and other winter games
By region [Value ($M) and Volume (M lbs) shipment analysis 2010 – 2021]:
Rest of World
By precursors type [Value ($M) and Volume (M lbs) shipment analysis]:
This unique report from Lucintel will provide you with valuable information, insights, and tools needed toidentify new growth opportunities and operate your business successfully in this market. This report willsave hundreds of hours of your own personal research time and will significantly benefit you in expandingyour business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This marketreport fulfills this core need and is an indispensable reference guide for multinational materials suppliers,product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Growth Opportunities in Global Carbon Fiber Market 2016-2021” include:
Properties and price comparison of various kinds of carbon fiber
Global carbon fiber market analysis with special emphasis on precursor. Market estimatesfor PAN-based and pitch-based carbon fiber
Carbon fiber shipments in various markets and applications have been provided
Global carbon fiber market size estimates in terms of dollar value and volume
Regional analysis of the global carbon fiber market such as North America, Europe and Restof the World
Porter’s Five Forces Analysis
Growth trends for last five years (2010-2015) and forecast for next five years (2016-2021) interms of dollar value and volume by segments for the overall carbon fiber market and for itscategories