Transparency Market Research has announced a new research report on
the global carbon fiber market. According to the report, the global
carbon fiber market is expanding progressively at a CAGR of 9.9% from
2014 to 2020 the forecast period. In 2013 the global value of the
carbon fiber market was US$1.94 billion and this is set to increase
and reach a value of US$3.73 billion by 2020, as described in the
market report.The market research report on global carbon fiber
market is titled “Carbon Fiber Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast– 2020”.
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Analysis of the carbon fiber market is done on regional and global
levels in the market research report based on revenues and volumes
between the years 2014 to 2020. The report analyzes the market trends
including the market drivers, restraints, and opportunities worldwide
and in specific regions. The market study analyzes the carbon fiber
market by future market prospects and current market estimates during
the projected period. Market segmentation is analyzed by product
types, end-user, and by geographical regions.Carbon fiber has
extensive industrial applications, and are produced worldwide. The
different carbon fiber types include rayon based, pitch based,
polyacrylonitrile (PAN) based, and polyolefin-based among others.
Carbon fibers are used in automotive, sports goods, defense industry,
and construction among other uses.
Among carbon fiber types, the PAN based carbon fibers product segment
is expected to increase in demand due to its unique structural
properties. Wind-energy is an end-user segment in carbon fiber that
had a 24% market share in 2013. The automotive end-user segment is
considered as the fastest growing in the report. The major end user
segments predicted as positive growth propellers in the carbon fiber
market are; wind energy, defense industries, automotive industry and
sporting goods, due to the rise in demand.
Geographically, carbon fiber market is divided into North America,
Europe, Asia Pacific, and Rest of the World (RoW). In Europe the
automotive, aerospace, defense, and wind energy segments have
witnessed growing demands and these factors are expected to drive the
market. Europe carbon fiber market share was 37% in 2013. Emerging
nations in Asia Pacific region have indicated rise in demand for
carbon fiber composites especially China and India. This region is
projected as the fastest growing market over the next few years. Due
to slow economic recovery, North America is a steadily growing market
for carbon fiber. Rest of the World (RoW) geographical segment is
expected to register substantial growth over the next few years due
to carbon fiber demand in countries in the Middle East and Latin
America.
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Market Research Report with ToC & Analysis :
Market opportunities for carbon fiber are elaborated as the expanding
demand for durable and lightweight carbon fiber constituents in
end-user industries such as construction and automotive industries.
Market constraints for carbon fiber are high costs and recycling
problems that could hinder market growth over the next few years.The
market research report lists the major players for carbon fiber in
the report. Among these are Hexcel Corporation, Teijin Ltd, Cytec
Industries, Mitsubishi Rayon Co., Ltd, and Toray Industries.
Key
segments of the global carbon fiber market
By
Product
- PAN-based
- Pitch-based
- Others (including rayon-based, etc.)
By
End User
- Wind Energy
- Automotive
- Aerospace and Defense
- Sports
- Construction
- Others (including marine, etc.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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