The Carbon Fiber Market Composites growth outlook with industry review and forecasts

Global Market Insights has a new study based report titled " Carbon Fiber Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".

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.

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.

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The third largest factor that drives the market is the 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.

1. Carbon Fiber Market size & forecast by product & application
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

Another important sector that will propel the demand for the product is the automotive industry. With growing safety concern, customers are now shifting towards strong automobile bodies from conventional metal bodies. Enhancing living standards of the people in the developed nations will drive the demand for sophisticated sports as well as luxury cars. This will drive the market substantially.

Thermoset and thermoplastic fibers are the two basic types of carbon fibers based on the resin type. Most of the aerospace prepregs are made of thermoset fibers due to its mechanical superiority. Thermoplastics have a higher shelf life and find more application in areas where the requirement of strength and resistivity is outshined by durability.

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The Carbon Fiber Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Carbon Fiber Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
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, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Carbon Fiber Market Product Insights
5. Carbon Fiber Market Application Insights
6. Carbon Fiber Market Regional Insights
7. Competitor Profiles

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.

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The most demanding region for the industry is North America with an annual production capacity recorded more than third of the global carbon fiber market. With more research and development in the aerospace and defense sector in the US, this demand is forecast to grow in the span from 2016 to 2024. The second largest producer is Europe with its commercial as well as military aircraft manufacturing units. The large number of high end automotive industries in Germany and Italy will also influence the market positively.

Among the Asia Pacific countries, Japan has almost a fifth of the global production capacity. The demand for light weight construction equipment in Japan due to its disaster-prone landmass will boost up the demand of carbon fiber from 2016 to 2024.

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.

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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.

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