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Carbon Fiber Market future growth opportunities by 2019-2025

Author : Rahul Varpe | Published Date : 2019-11-26 

The Global Carbon Fiber Market Report includes a comprehensive analysis of the present of the market. The report starts with the basic Industry overview and then goes into each and every detail.

The Carbon Fiber Market demand rose steadily after the general economic recession in 2009. The market is forecast to grow at substantial rate over forecast time. This growth is accounted for the upcoming developments in the fields of aerospace & defense, sporting goods, wind energy, automobiles and even in the market of civil engineering and electronics goods.

Aerospace & defense industry is a major driver for growth in the carbon fiber market. It accounted for approximately a third of the total product market in terms of demand and about half of the total market revenue. The revenue in the aerospace and defense industry is forecast to grow till 2024 with increasing air travel in China, Middle East and other emerging nations.

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Based on the type of industry, carbon fiber finds major use in aerospace & defense industry, wind energy sector, sports equipment industry, automotive industry and others. Aerospace industry is the primary end user, of which commercial aerospace sector has the major market share in terms of volume as well as revenue. The wind energy segment has a lot of promise for the market growth owing to increase in global renewable energy demand.

Light weight and strong gym equipment and other luxury items will enhance the global demand for carbon fiber by 2024. With the focus of leading automobile manufacturers shifting towards weight reduction of the cars, carbon fiber reinforced plastics will find an increasing demand in the forecast period. Among other industries there are the civil engineering industry and electronics goods. With growing population and upgrading social status of the people around the globe, the demand for light weight and cost effective electronic goods will influence the carbon fiber market positively.

 

Reasons to Buy This Report:

1. Carbon Fiber Market size & share forecast by product & application 2019-2025

2. Growth drivers, pitfalls & industry challenges

3. Key Carbon Fiber Market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

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Among the Asia Pacific countries, Japan has almost a fifth of the global production capacity. The demand for light weight construction equipment in Japan due to its disaster-prone landmass will boost up the demand of carbon fiber from 2016 to 2024.

The leading manufacturer of carbon fiber in terms of production in 2013 was Toray Industries and recorded over 20 thousand tons of production capacity. Other companies providing competition in this sector are Zoltek, Toho Tenax, Mitsubishi Rayon Co. Ltd., SGL Carbon SE, Formosa Plastics Corp, Hexcel Corporation and others.

Read more news @ https://www.marketwatch.com/press-release/adhesives-and-sealants-market-global-industry-trends-growth-forecast-report-2019-11-25

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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