Opportunities in the global carbon fiber textile market to reach $2.1 billion by 2023

According to a new market report published by Lucintel, the future of the global carbon fiber textile market looks promising with opportunities in transportation, marine, wind energy, aerospace/defense, and construction industries. The global carbon fiber textile market is expected to reach an estimated $2.1 billion by 2023 with a CAGR of 7.3% from 2018 to 2023. The major drivers for this market are growing demand for lightweight and high performance composite materials in in transportation, marine, wind energy, aerospace/defense, and construction industries.
In this market, carbon fiber is used to produce woven and non-woven textiles. Lucintel forecasts that woven textile will remain the largest segment due to its wide application area in transportation, aerospace/defense, and wind energy industries. The non-woven textile is expected to witness highest growth over the forecast period due to its better drapablity, optimization in component design, and de-lamination resistance.
Within the global carbon fiber textile market, aerospace/defense will remain the largest end use industry due to wider application area and high performance requirement. Transportation segment is expected to witness highest growth over the forecast period due to the increasing demand for lightweight materials.
Europe is expected to remain the largest market for carbon fiber textiles due to presence of leading carbon fiber composite component manufacturers. Rest of the World region is expected to witness the highest growth rate during the forecast period due to the expected increase in vehicle production and the growing use of lightweight composites components.
Emerging trend, which has a direct impact on the dynamics of the industry, includes development of mass production composite component technologies. Sigmatex, SGL, Seartex, Chomarat, and Vectorply are among the major suppliers of carbon fiber textile.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carbon fiber textile market by end use industry, product type, and region, and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Carbon Fiber Textile Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global carbon fiber textile market by end use industry, product type, and region, as follows:
By end use Industry [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:

• Aerospace & Defense
• Transportation
• Wind Energy
• Marine
• Construction
• Others
By product type [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:

• Woven
• Non-Crimp
By region [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:

• North America
• Europe
• Asia Pacific
• Rest of the World

This 218-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for the global carbon fiber textile market by end use industry (aerospace & defense, transportation, wind energy, marine, construction, others), product type (woven, non-crimp), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which products segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.