Carbon Fiber Market by Applications over 2018-2024 - PowerPoint PPT Presentation

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Carbon Fiber Market by Applications over 2018-2024

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The latest Carbon Fiber Market analysis and research report talks about major applications of Carbon Fiber, growth of these segments as well as offers insights into company’s active in this industry and their information. – PowerPoint PPT presentation

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Title: Carbon Fiber Market by Applications over 2018-2024


1
Carbon Fiber Market to Witness A Phenomenal
Growth over 2018 to 2024
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2
Global Market Scenario of Carbon Fiber Industry
  • One of the 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 Carbon
    Fiber Market substantially.
  • The Carbon Fiber Market demand rose steadily
    after the general economic recession in 2009. The
    market is forecast to grow at substantial rate
    from 2016 to 2024. This growth is accounted for
    the upcoming developments in the fields of
    aerospace defense, sporting goods, wind energy,
    automobiles and even in the market of civil
    engineering and electronics goods.
  • 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 interms 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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Rights Reserved
www.gminsights.com
3
  • Product Analysis-
  • 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.
  • Regional Trends-
  • 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 carbon fiber market
    positively.

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Rights Reserved
www.gminsights.com
4
Market Research Reports Key Analytical Components
Request for table of contents for this report
_at_https//bit.ly/2KMk1dJ
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Rights Reserved
www.gminsights.com
5
  • Competitive Trends
  • 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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Rights Reserved
www.gminsights.com
6
Latest Research Report On Carbon Fiber Market
_at_ https//bit.ly/2ybzOsw Request for table of
contents for this report _at_https//bit.ly/2KMk1dJ
Inquire Before Buying This Report_at_https//bit.l
y/2KMXDks
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
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Thank You!
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Rights Reserved
www.gminsights.com
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