Global Carbon Fiber Market to Grow at 11% CAGR in 2016-2021, Forecasts Lucintel in Its Report Available at MarketPublishers.com10 Jun 2016 • by Natalie Aster
LONDON – Growth of the demand for lightweight materials acts as a key force encouraging growth of the world’s market for carbon fiber. This market is expected to show an 11% CAGR over the period 2016-2021 in terms of value.
Growing penetration of this material in automotive applications, wind turbine blades and commercial aircraft forms one more important driver.
Industrial applications currently dominate the market space and they are unlikely to lose this position in the upcoming years.
The PAN-based usage of carbon fiber is set to lead the marketplace in terms of a precursors type.
Region-wise, North America is the largest player, and it will maintain this position in the years to come given growth of end0use industries in this region and increasing demand from automotive and aerospace industries.
However, growth of the market in North America will be slower than in APAC, where it will be particularly high if compared to other regions.
Hexcel, SGL and Toho Tenax are some of major carbon fiber suppliers in the global arena.
Insightful research study “Growth Opportunities in Global Carbon Fiber Market 2016-2021, May 2016” developed by Lucintel is a must for anyone interested in the carbon fiber business. This report draws up a detailed picture of this market’s evolution. It also discusses future it may have.
The study focuses on types of materials and properties different types of carbon fiber have. Pricing details are also covered in the research report. The research study throws light on suppliers and discloses market shares they have. It investigates supply-demand equilibrium and scrutinizes performance of segments of this marketplace.
The research study looks at regional and country performance of the market and discusses innovations. The report also limelights M&A activities and explores new developments and current trends. It also comprises valuable data on a manufacturing process.
More in-demand studies by our partner are available at Lucintel page.