[b]Carbon Fiber Market[/b] is growing at a pretty fast pace, says market research. Superior properties of carbon fibers such as improved strength, increased stiffness, lower density, non-corrosiveness, electrical conductivity, high stiffness, high tensile strength, low weight, high chemical resistance, high temperature tolerance and low thermal expansion and chemical inertness make it an ideal material in a variety of applications across multiple industries. Aerospace, Civil Engineering, Military and Motorsports have high popularity regards for Carbon Fibers, according to IndustryARC. However, they are relatively expensive when compared to similar fibers, such as glass fibers or plastic fibers.

While end-user industries such as construction and automotive industries are drawing much revenue and sales to the Carbon Fiber Market, there exist a few constraints for carbon fiber market like the high costs and recycling problems that could probably hinder the market growth over the next few years. But surely, there exists more hope of good than the ill-effects in the market.


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[b]MARKET TRENDS & GROWTH:[/b]

[b]Segment:[/b]
The ever growing demand for fuel efficient vehicles acts the main reason for the increasing growth and production of carbon fiber as well as the focus on production of energy/electricity from renewable sources. IndustryARC suggests that this causes the Aerospace and Automotive Segments to be the fastest growing segments among the Carbon Fiber Market for the coming 5 year forecast period: 2015-2020. Also, the U.S. is estimated to have the highest market share in the production of Carbon Fiber.

[b]Region:[/b]
As discussed, the Carbon Fiber Market is dominated by the U.S. which holds the highest consumption in the past few years, owing maximum to the increased demand for carbon fiber from automotive and aerospace applications. A number of opportunities are created in the U.S. due to the high quantity usage of Carbon Fiber in Aerospace and Defense Industries. On the other hand, production wise, North America is responsible for more than 30% of the overall production, thus standing at the number one regional position. Europe and Japan are accounted to bag the next positions in the global market. Production capacities are projected to have only moderate growth rates here as these companies only have limited access to the necessary technologies for manufacturing precursor materials and carbon fiber.


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[b]REPORT SCOPE:[/b]
[b]Market Segmentation:[/b]
The Carbon Fiber Market is segmented into 4 broad types based on factors like:
1. [b]By Type of Raw Material:[/b] PAN-Based, Pitch-Based, Rayon-Based and Others.
2. [b]By Application:[/b] Composite Materials, Textiles, Flexible Heating and Microelectrodes.
3. [b]By End User:[/b] Automobile Sector, Industrial Sector, Aerospace Industry, Medical Sector and Others.
4. [b]By Geography:[/b] North America, APAC, Europe and ROW.

[b]Key Players:[/b]
To mention a few notable companies studied and analyzed by IndustryARC in this given market research report:
• Mitsubishi Rayon Carbon Fiber and Composites, Inc.
• Nippon Carbon Co. Ltd.
• Cytec Industries Inc.
• Kureha Corp
• Hexcel Corp.


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[b]About IndustryARC:[/b]
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


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