Growing Application By The Automotive Industry To Boost The Adoption Of Carbon Fiber Materials

According to a recently published report, the global Carbon Fiber Market is analyzed to grow at a CAGR of 9.5% during the forecast period 2016-2022. The global carbon fiber market is segmented on the basis of raw material, tow size, applications and geography. The report on global carbon fiber market forecast, 2016-2022 (by raw materials, tow size, applications, geography) provides detailed overview and predictive analysis of the market.

Full report available global carbon fiber market forecast, 2016-2022 (by raw materials, tow size, applications, and geography) report at http://www.briskinsights.com/report/carbon-fiber-market

The increasing application of carbon fibers is expected to augment the demand for carbon fiber in the upcoming scenario. This can be attributed to the rising need for safer, lighter, cleaner and more cost-effective vehicles. Carbon fiber is considered as a key material in several areas of the automobile industry relating to the lightweight construction, reduction of CO2 emissions and e-mobility. The application of carbon fiber in automotive industry is still at an early stage and offers significant potential for the future. In current scenario, carbon composites are used in a wide range of structural and outer skin applications in cars including ceramic brakes, passenger compartments and semitrailers. Automotive sector accounts for the major revenue contribution in the global carbon fibers market. The high cost of carbon fibers has limited its use to the luxurious cars.

As per the research, the global carbon fiber market would grow exponentially due to rising application of lightweight materials in the manufacturing industries. With the increase in the number of CF patents, global joint ventures and mergers, growth in production capacity, and recovering manufacturing sector globally would create a favorable environment for the global carbon fiber market. Use of carbon fibers in the aircraft and wind turbine blades has grown in the last 4 to 5 years due to its lightweight and high thermal conductivity. This trend would continue to remain during the forecast period and will contribute towards the growth of the overall market.

There has been a steady rise in the use of cleaner, safer, lighter and energy-efficient products in the overall automotive industry, particularly in North America. This has created a strong proposition to the use of carbon fibers in the manufacture of green vehicles. To save cost and increase the market share, companies such as BMW are signing agreements with carbon fiber suppliers. Owing to properties like high stiffness, ultra-high elastic modulus and high electric conductivity the global market for carbon fiber is projected to grow during the forecast period.

Scope of the Report

1. Global Carbon Fiber Market By Application 2012– 2022 ($ Million)
1.1. Aerospace & defense
1.2. Wind energy
1.3. Automotive
1.4. Sporting goods
1.5. Civil engineering
1.6. Pipe & tank
1.7. Electronics & electricals
1.8. Marine
1.9. Others

2. Global Carbon Fiber Market By Tow Size 2012 – 2022 ($ Million)
2.1. Large tow size
2.2. Small tow size

3. Global Carbon Fiber Market By Raw Materials 2012 –2022 ($ Million)
3.1. Pan based Carbon fiber
3.2. Pitch basedCarbon fiber
3.3. Rayon based Carbon fiber

4. Global Carbon Fiber Market Regional Outlook 2012-2022 ($ Million)
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Middle East & Africa
4.5. Central & South America

5. Competitive Landscape
5.1. Cytec Industries Inc.
5.2. Dowaksa
5.3. EFT Fibers
5.4. Formosa Plastics Corporation
5.5. Hexcel Corporation
5.6. Hyosung
5.7. Mitsubishi Rayon Co. Ltd.
5.8. Nippon Graphite Fiber Corporation
5.9. SGL Group
5.10. Taekwang Industrial Co. Ltd.
5.11. Teijin Limited
5.12. Tencate
5.13. Toho Tenax
5.14. Toray Industries Inc.
5.15. Zoltek