Press release
Carbon Fiber Market Anticipated Witnessing an Unprecedented Growth during the Forecast Period (2017-2024)
The Global Carbon Fiber Market accounted for USD 25.7 billion in 2016 and projected to grow at a CAGR of 11.10% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
• Increase in the use of carbon fiber and carbon fiber reinforced plastics in boeing and airbus aircraft
• Increase in demand for fuel-efficient vehicles
• Focus on production of electricity from renewable sources
• High cost of carbon fiber composites
• Insufficient production capacity
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Top Key Players:
• TORAY INDUSTRIES, INC.
• TEIJIN LIMITED
• Mitsubishi Chemical Holdings Corporation
• SGL Group
• Formosa Plastics Corporation
• Hexcel Corporation
• DSK Hyosung Pvt. Ltd.
• Koninklijke Ten Cate bv.
• DowAksa
• Cytec Solvay Group
• TAEKWANG INDUSTRIAL CO.,LTD.
• Gurit
• Plasan Carbon Composites
• SK chemicals
• Nippon Graphite Fiber Co., Ltd.
• kemrock
• Park Electrochemical Corp
• BGF Industries, Inc.
• Oyster Technology
• Crosby Composites
• DSM
• Aeron Composite Pvt. Ltd.
• ZhongAo Carbon
• Sigmatex Ltd
• Holding company “Composite
• and others.
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Market Definition: Global Carbon Fiber Market
Carbon fibre is a black, smooth, and light-weighted textile fibers, it is specially used due to its lightness and strength at high temperature for reinforcing resins, ceramics, and metals, mainly in turbine blades and for fishing rods. It has its wide application in Aerospace & Defense, Wind Energy, Automotive, and others. Increase in demand for fuel-efficient vehicles may act as the major driver in the growth of carbon fiber market. On the other side, insufficient production capacity may hamper the market.
Complete report on Global Carbon Fiber Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Carbon Fiber Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Carbon Fiber Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global Carbon Fiber Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Carbon Fiber Market?
• Who are Opportunities, Risk and Driving Force of Global Carbon Fiber Market?
• Who are the opportunities and threats faced by the vendors in Global Carbon Fiber Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Carbon Fiber Market opportunities, market risk and market overview of the Market?
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Market Segmentations:
Global Carbon Fiber Market is segmented on the basis of
• Material Type
• Manufacturing Process
• Resin Type
• End-Use
• Geography
Market Segmentations in Details:
On the basis of Material Type into polyacrylonitrile (Pan-Based) carbon fibers, pitch-based carbon fiber, and rayon-based carbon fiber.
On the basis of Manufacturing Process, the global carbon fiber market is segmented into lay-up process, compression molding process, resin transfer molding process, filament winding process, injection molding process, pultrusion process, and others.
On the basis of Resin Type, the global carbon fiber market is segmented into thermosetting CFRP, and thermoplastic CFRP.
On the basis of End-Use industry, the global carbon fiber market is segmented into aerospace & defense, wind energy, automotive, sporting goods, civil engineering, pipe & tank, marine, electrical & electronics, medical, and other applications.
On the basis of geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Landscape: Global Carbon Fiber Market
The global Carbon fiber market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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