DUBLIN, Dec. 18, 2017 /PRNewswire/ --
The "Global Carbon Fiber Prepreg Market 2017-2021" report has been added to Research and Markets' offering.
The global carbon fiber prepreg market to grow at a CAGR of 10.62% during the period 2017-2021.
Global Carbon Fiber Prepreg Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Population growth, urbanization, and growing power requirement. In recent years, the movement of population from rural to urban areas has been a cause of concern for many nations. This has led to improved living standards and people accepting urban lifestyles. This trend is being monetized by the automotive, construction, and general industrial sectors. The substantial expenditure is still considered insufficient to meet the needs of the infrastructure sector.
According to the report, one of the major drivers for this market is Growth of wind power capacities. Wind energy is a low-cost renewable source of energy for the generation of electricity. The developed regions such as North America and Western Europe have accounted for the highest investments in the total wind power installations across the globe. Carbon fiber composites have high-potential applications in the wind energy sector, with turbine blades being the fastest-growing segment.
Further, the report states that one of the major factors hindering the growth of this market is High cost related to carbon composites. The manufacturing and processing of carbon fiber composites involve high R&D cost. Also, the testing of carbon fiber composites for applications such as aerospace and defense is time-consuming, expensive, and have long cycle process. The cost of carbon fiber composites is higher than metals and is eight times more when compared to steel, which restricts the market growth. An increase in the cost of raw materials such as resins and carbon fibers can lead to high procurement costs for vendors.
The manufacturing cost and the R&D cost associated with the carbon-fiber composites can reduce the demand for carbon-fiber composites and can increase the demand for the substitute products. Polyacrylonitrile (PAN) is the raw material used to manufacture carbon-fiber composites, whose cost is very high when compared to its substitute such as steel. The high manufacturing cost associated with carbon-fiber composite is mainly due to the increased raw material cost. As carbon fiber composites are costly, OEMs will shift to cheaper alternatives, which will lower the demand for carbon fiber prepreg used in carbon fiber composites.
- Cytec Solvay Group
- Toray Industries
Other prominent vendors
- Axiom Materials
- Formosa Plastics Corporation
- GMS COMPOSITES
- HC Composite
- Koninklijke Ten Cate
- Mitsubishi Chemical Corporation
- Nippon Graphite Fiber
- Plastic Reinforcement Fabrics
- SGL Group
- SK chemicals
- TCR Composites
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation By Application
Part 09: Market Segmentation By Type
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/hnj7qz/global_carbon?w=5
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