Carbon Fiber Market Size & Share | Industry Growth Report 2019-2023 | 3M, DowAksa, Cytec Solvay Group, AXEVINYL, Sika group, Metrorestyling.com, Slickwraps, Rvinyl.com, Vartega, Mitsubishi Chemical Carbon Fiber and Composites and TORAY INDUSTRIES

Market Scenario

Carbon Fiber Wrap Technology is cost-effective and innovative solution for improving the aesthetics and restoring & strengthening the world’s infrastructure. Carbon Fiber Wraps offer advantages such as high strength with low weight, corrosion resistance, thermal compatibility, flexible wrap conforms to any shape, excellent fatigue behavior, faster repair than alternative methods, welding and heavy equipment not needed, minimal disruption and noise during preparation or installation, low total cost. Owing to these numerous advantages, Carbon Fiber Wrap is used in several applications, such as automotive, consumer goods, construction, wind energy, and aerospace & defense.

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Regional Analysis

The Global Carbon Fiber Wrap Market is spanned across five regions, namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe emerged as the largest market for carbon fiber wrap, followed by Asia Pacific, Middle East & Africa, and North America.

Competitive Analysis

The prominent players of the Global Carbon Fiber Wrap Market are 3M, DowAksa, SGL Group – The Carbon Company, Cytec Solvay Group, AXEVINYL, Sika group, Metrorestyling.com, Grafityp UK Limited, Slickwraps,Inc, Rvinyl.com, Inc., Vartega Inc., Mitsubishi Chemical Carbon Fiber and Composites, Inc., TORAY INDUSTRIES, INC.

Market Segmentation

Carbon Fiber Wrap Market is segmented based on Type of Lay-Up and Application.

On the Basis of the Type of Lay-Up, Carbon Fiber Wrap Market can be segmented into wet carbon fiber lay-up and pre-impregnated carbon-fiber lay-up. In wet carbon fiber lay-up process, a dry carbon fiber film is laid over the part and resin applied by hand. The resin provides stiffness to the dry film and is used as a bonding agent for a carbon fiber wrap. In pre-impregnated process, carbon fiber is pre-impregnated with resin and doesn’t need any resin during application on desired surface. Automobiles, consumer goods, and sports components use pre-impregnated carbon fiber wrap to improve on the aesthetic aspect. Whereas, other applications such as construction, aerospace & defense, wind blades & turbine use the traditional wet carbon fiber wrapping to strengthen the structures and molds.

On the Basis of Application, Carbon Fiber Wrap Market is segmented into automobiles, consumer electronics, construction, wind blades &turbines, aerospace & defense, sports components, and others. Automobile industry is accounted to have major market share of the Global Carbon Fiber Wrap Market, mainly for improving aesthetic property.

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A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to changing lifestyles and extensive use of Carbon Fiber Wrap in cosmetic products such as lotions, creams, and others. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for the product in food & beverages, oil & gas, and other sectors.

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