Press release
What are the Growth Drivers of Carbon Fiber Composites Market? SGL, Toray+Zoltek, Toho, Rock West Comp., MRC and Solvay
Carbon Fiber Composites Market
Increasing penetration in various end-use industries such as automotive, wind turbines, sports & leisure, construction and marine will contribute significantly towards the business growth. Recycling issues faced by the manufacturer along with supply chain management may hamper the carbon fiber composites market. Producers are focusing on improving their distribution to suffice its increasing demand.
Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2180
According to a new research report by Global Market Insights, Inc. Carbon Fiber Composites Market is estimated to surpass USD 31 billion by 2024.
Strong application outlook of ceramic segment from construction industry will drive the product demand. Superior wear and tear resistance along with excellent thermal stability are the major factors positively influencing the product penetration.
Polymer matrix material is expected to hold major volume share of around 60% by 2024. Low processing time along with good formability of the product are the key properties propelling the carbon fiber composites market from 2017 to 2024. Additionally, extended shelf life offers bulk buying that will further support the industry.
Key players such as Boeing and Airbus are utilizing composite at over 50% by aircraft weight for their recent commercial aircrafts. Reducing price of the commodity will further increase its penetration in mid-range passenger cars. Higher durability along with enhanced strength will replace the traditional materials with these composites.
Polymer matrix material is expected to hold major volume share of around 60% by 2024. Low processing time along with good formability of the product are the key properties propelling the carbon fiber composites market from 2017 to 2024. Additionally, extended shelf life offers bulk buying that will further support the industry.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/carbon-fibre-composites-market
Aerospace and defense sector dominate the industry, contributing over 30% volume share in 2016. The sector requires superior quality product owing to the need of enhanced properties such as high strength to weight ratio and temperature resistance.
North America carbon fiber composites market is expected to contribute over 35% by 2024 owing to strong presence of major aerospace manufacturers in the region. Moreover, replacing conventional aircraft with efficient light weight aircrafts will support the industry growth.
Automotive industry is expected to account for considerable volume share and will exhibit highest growth at over 13% till 2024. Rising usage of the components offering superior strength along with light weight will support the carbon fiber composites market growth.
Europe will witness significant growth during the forecast timeframe owing to strong demand from automotive sector. Stringent government regulations towards usage of lightweight materials in the vehicles that improves efficiency by reducing fuel consumption will support the growth.
Asia pacific carbon fiber composites market is anticipated to witness highest growth at over 12% up to 2024. Presence of major manufacturers in the region particularly in China, Japan, South Korea and Taiwan will positively influence the revenue generation. Further, propelling end use industries including automotive and aerospace will further drive the demand.
SGL, Toray+Zoltek, Toho, Rock West Comp., MRC and Solvay are among the few major players in the carbon fiber composites market. Other key manufactures include Hexcel, Aksa, Hyongsung, Zhongu-Shenying, Hengshen Fib. Mat. and Sonstige. Manufacturers are focusing on enhancing the production capacity to cope up with the escalation demand.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2180
Mergers and acquisitions is the key strategy adopted by the carbon fiber composites manufacturers that offers them a competitive edge. For instance, in March 2014, Toray acquired Zoltek to achieve a leading position in the market. Moreover, price reduction is another move adopted by producers to penetrate in various end-use industry.
Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What are the Growth Drivers of Carbon Fiber Composites Market? SGL, Toray+Zoltek, Toho, Rock West Comp., MRC and Solvay here
News-ID: 1768908 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Comp
Top players recommends a Bull spread strategy on Cocoa Ingredients Market in 202 …
SMI's latest competent intelligence report, entitled "Increasing Demand and Opportunities for Global Cocoa Ingredients Market 2022", provides an ordered image of the Cocoa Ingredients industry through research and information analysis gathered from diverse sources with the ability to support decisions. Global market manufacturers play an increasingly important role in influencing the global economy. The report presents and introduces a dynamic vision of the global scenario in terms of market size,…
Powerful Model Comp Card Maker 2.0
To present yourself as a model, you must have a professional Comp Card. We developed a powerful comp card maker for models and actors. We are proud to present the updated version:
https://sedcard24.com/order/step/1
Especially to serve models, the new website sedcard24.com was launched. Since many models are not graphic designers and would like to have something individual, this website is not only aimed at professional models, but also for rising stars…
Hydrocolloids Market 2019 Research Methodology – Comp 123 and Forecast 2027
Hydrocolloids Market - Pin-point Analysis of Market Dynamics
Our market research reports on Hydrocolloids can help you decide where to go, ratify where you are going, and understand the market landscape quickly to decide on your business strategies.
Get Sample Copy of this Report at – http://bit.ly/2Wb1itS
The report covers various critical market information such as market size, growth rates, forecasts in key regional and country markets along with growth opportunities in…
Farmer Joins National Workers' Comp and Liability Third Party Administrator Alte …
Alternative Service Concepts, a national third party claims administrator (TPA), is proud to announce and welcome Mr. Greg Farmer as a national account executive. Mr. Farmer will be based in ASC’s Irving, Texas office.
As a national account executive, Mr. Farmer will assume a business development role throughout the southwest region, including Texas and Oklahoma. He will report directly to ASC’s National Sales Director, Matt Stickelmaier.
“Greg brings a keen…
Hydrogen Compressors Market 2017- Howden Thomassen, Indian Compressors Ltd, Gas …
Apex Research, recently published a detailed market research study focused on the "Hydrogen Compressors Market" across the global, regional and country level. The report provides 360° analysis of "Hydrogen Compressors Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Hydrogen Compressors industry, and estimates the future trend of Hydrogen Compressors market on…
Global Digital Transistor Market 2017 : Diodes Inc, Micro Commercial Comp, NXP, …
In this report, the global Digital Transistor market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
This report studies Digital Transistor in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to…
