Composite Insights Report Analyses Global Multiaxial Fabrics Industry - Demand to reach $1.1 billion in 2018
HYDERABAD, India, May 21, 2013 /PRNewswire/ --
The global multiaxial fabric industry is expect to witness good growth between 2013 and 2018 and reach an estimated $1.1 billion in 2018. Overall the global wind energy industry continues to utilize a greater proportion of multiaxial fabric materials. Aerospace and Transportation segments are expected to drive the growth during the forecast period, in terms of value shipment. Demand for carbon fiber based multiaxial fabrics will grow significantly stronger than demand for glass fiber based multiaxial fabrics between 2013 and 2018. In the long-term perspective, the multiaxial fabrics industry is a sustainable composites industry sector with excellent growth potential.
Composite Insights, a leading global full service Custom & Syndicated Research firm, has conducted a comprehensive market analysis on the global multiaxial fabric industry and presents its findings in "Opportunities for Multiaxial Fabrics in Global Composites Industry 2013-2018". The report provides detailed analysis with accurate market size estimates for multiaxial fabric materials by market segments, reinforcement type and region. The use of multiaxial fabrics, which was driven by wind energy applications, has now spread to all the major market segments such as aerospace and transportation which represent good growth potential.
As per the study, in 2012, the global multiaxial fabrics industry experienced significant growth, followed by huge demand from North America and Europe. However, this growth was hampered by decline in Asia & ROW, due to downturn in the key market segment - wind energy in China and India. While somewhat expensive than the woven rovings, the use of multiaxial fabrics is growing in applications where high strength and low weight are required. However, lack of suitable manufacturing process for high volume applications continues to be a limiting factor for multiaxial fabrics.
The intelligence report, which includes market size estimates for 2007, 2011, 2012, 2013 and 2018 details industry key growth drivers, compares properties and prices, and highlights materials suppliers and leading customers. The study also includes detailed analysis of multiaxial fabrics industry by region (North America, Europe and Asia &ROW) and reinforcement (carbon & glass).
Composite Insights is a full service Custom and Syndicated Research firm based in Hyderabad, India. To find more about our latest intelligence reports on composites industry, please visit us http://www.compositeinsights.com/intelligencecenter.html.
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