DUBLIN, Ireland, April 16, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/j7mfgg/growth) has announced the addition of the "Growth Opportunities in the Global Carbon Fiber Market 2014-2019" report to their offering.
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After recovering from the largest decline in the history of the carbon fiber industry in 2009, the market is poised for strong double-digit growth annually for the next five years. In terms of dollar shipment, the global carbon fiber market is expected to reach $3.3 billion by 2019 from $1.8 billion in 2013. Both industrial and aerospace markets are expected to witness annual double-digit growth. The sporting goods market is likely to witness the lowest growth over 2014-2018 in terms of dollar shipment.
This research indicates that the future growth of global carbon fiber industry will likely be driven by emerging applications such as wind blades; nuclear centrifuge rotor tubes; laptop cases; mobile phones; and risers, tethers and umbilical in the oil and gas industry. In addition, civil and bridge applications; CNG tanks, fuel cells, and automotive applications in high-end cars; defense aircraft; commercial aerospace applications such as B787, A380, B747-8, A350; and next-generation narrow body aircraft are leading applications for carbon fiber use.
The industrial market is expected to see the highest growth among the other major sectors such as aerospace and sporting goods. The industrial market is forecast to grow at the highest rate annually over the next five years in terms of million dollars in shipments. More new carbon fiber suppliers from India, China, Russia, the Middle East, and other developing regions are likely to emerge. Although there is likely be a rise in pricing of final products annually over the next five years, this will be compensated because of high manufacturing efficiency. Additionally, competition from offshore suppliers, such as China and India, is expected to drive down the cost of end products.
Key Topics Covered:
1. Executive Summary
2. Evolution of Carbon Fiber Market
3. Properties and Price Comparison
4. Carbon Fiber Suppliers
5. Carbon Fiber Market Analysis
6. Market Trends
7. Market Forecast
8. Manufacturing of Carbon Fiber
- Cytec Industries Inc.
- Donac Co., Ltd.
- Formosa Plastics Corporation
- Hexcel Composites
- Kureha Corporation
- Mitsubishi Plastics Composites America, Inc.
- Mitsubishi Rayon Co., Ltd.
- Nippon Graphite Fiber Corporation
- SGL Group - The Carbon Company
- Teijin Ltd.
- Toray Industries Inc.
- Zoltek Corp.
For more information visit http://www.researchandmarkets.com/research/j7mfgg/growth
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets