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Global Carbon Fiber Market By Types, Applications, Trends & Forecasts (2011 – 2016)
Markets and Markets, Sep 2011, Pages: 293
Carbon fiber has remarkable properties such as tensile strength, stiffness, low density, electrical conductivity, and chemical inertness; which makes it an ideal material to be used in a number of applications in several industries such as aerospace, wind energy, automotive, industrial applications, and sporting goods.
Historically, carbon fiber industry has been cyclical with a period of limited supply resulting in high prices to periods of oversupply & falling prices. However, the market has experienced excellent growth recently. The growth rate for the last 23 years averaged about 12%. Rapid increase in demand for carbon fiber for newer applications such as wind energy and industrial applications are said to drive the market further in the years to come.
Though the carbon fiber has been around for more than three decades now, it is still far from being commercialized. It is still a niche industry with some amount of mass usage in aerospace industry; but in the other industries, there is still a long way to go. The cost of the carbon fiber varies from application to application, aerospace grade carbon fiber being the most expensive among the available variety. The main hindrance for commercialization is the current cost of the carbon fiber that is very high due to the soaring cost of the raw material that is currently being used and also the processing methods that are highly energy consuming.
There is currently a pressing need to improve vehicle fuel efficiency, industrial energy efficiency, and to produce energy through renewable sources across the globe. The answer to these problems currently lies in using stiffer & lighter carbon fiber in place of traditional metals. Department of Energy (U.S.) and government of Japan have invested heavily in developing materials and technologies for the production of low-cost carbon fiber. If they succeed, there will be a revolution in the carbon fiber industry; especially in automotive arena.
This market research study provides detailed qualitative and quantitative analysis of the carbon fiber market. It gives the current market size & individual forecasts for PAN-based or pitch-based carbon fiber. It further classifies PAN-based market into sub categories such as small-tow & large-tow and provides current & future market data for these categories. In addition, it probes in detail into each applications market and provides separate forecasts for aerospace, wind energy, automotive & sporting goods applications, by geography & even in-depth by regions. In addition, the study also analyzes the supply chain, raw material supply, cost structure, regulatory issues, patents, and competitive structure of the market.
Numerous secondary sources have been used for this report such as encyclopedia, directories, technical magazines, excerpts from conferences, and databases to identify and collect information useful for this extensive technical and commercial study of carbon fiber industry. The primary sources – selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects.
This report focuses on the carbon fiber market and categorizes the global carbon fiber market on the basis of types, applications, and geography:
On the basis of types:
- PAN-based
- Small tow
- Large-tow
- Pitch-based
- Rayon-based
On the basis of applications:
- Aerospace
- Wind Energy
- Automotive
- Sporting goods
- Other new applications
On the basis of geography:
- North America
- Europe
- Asia-Pacific (APAC)
- ROW
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