An analysis of Carbon Fiber Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period.
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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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The Carbon Fiber Market demand rose steadily after the general economic recession in 2009. The market is forecast to grow at substantial rate from 2016 to 2024. 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.
Sports and leisure equipment is finding increased use of carbon fiber and is the second largest market in terms of revenue. With growing awareness about healthy lifestyles and exercising, the demand for sports utilities will have a healthy growth in the next 8 years. The growing market for light bodied combat aircrafts by the military will propel the industry in the upcoming years.
The third largest factor that drives the carbon fiber market is wind energy sector with close to 15% of the global demand. With depletion of fossil fuels, the world is now acknowledging the synthesis of energy from renewable resources. The advancements in the wind energy sector will lead to increasing use of carbon fiber in the manufacture of light weight and strong turbine blades and their parts.
The Carbon Fiber Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Carbon Fiber Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Carbon Fiber Product Insights
5. Carbon Fiber Application Insights
6. Carbon Fiber Regional Insights
7. Competitor Profiles
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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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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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
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Organization: global market insights
Website: https://www.gminsights.com/industry-analysis/carbon-fiber-market
Source URL: https://marketersmedia.com/carbon-fiber-market-2019-outlook-recent-market-developments-to-2025/88890022
Source: MarketersMedia
Release ID: 88890022
