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Carbon Fiber Resin Market - Global Size, Share, Trend & Forecast by 2023
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Thermoset resins find larger applications in aerospace and defense, and automotive industries, as high thermal resistance materials are required in these industries.
The growing demand in the emerging economies and increasing compliance for carbon fiber composites in Boeing are creating ample growth opportunities for the global carbon fiber resin market during the forecast period. In addition, the major players in aerospace and defense industries are collaborating with lightweight carbon fiber composites suppliers and manufacturers.
Geographically, North America held the largest share in the global carbon fiber resin market in 2015, owing to the high compliance for lightweight composites and high demand of carbon fiber from aerospace and defense, marine and automotive industries. Moreover, North America is also anticipated to be the fastest growing market for carbon fiber resin during 2016 – 2023.
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The key players operating in the global carbon fiber resin market are Alpha Owens-Corning, BASF SE, Hexion Inc., Huntsman Corporation, Ashland Inc., Polynt, 3M Company, and ALIANCYS AG
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