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.
Download PDF link: http://bit.ly/1p1EapG
Key content of this market:
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.
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.
Get more information:
http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-396.html


Superior properties of carbon fiber such as high strength, high stiffness, low density, non-corrosiveness; electrical conductivity, and chemical inertness make it an ideal material in the plethora of applications such as aerospace, military, automotive, wind energy, sporting goods, and industrial applications. The factors leading to increased interest in the carbon fiber market include demand for more fuel efficient vehicles, structural & performance advantages, continuous emergence of novel applications, and increased demand from emerging economies.
Currently, almost 90% of the carbon fiber that is used is PAN-based, whereas pitch-based carbon fiber is used only in specialty applications. The global carbon fiber market is expected to grow from $1,701.9 million in 2010 to $2,515.4 million by 2016 at a CAGR of 5.9%. Asia-Pacific accounted for the highest share in the carbon fiber market and is expected to reach $938.9 million in 2016 at a CAGR of 6.3% from 2011 to 2016.
The global market for carbon fiber composites is still at the nascent, fast growing, and technologically evolving stage. It has experienced higher growth trajectory in the last few years. This growth is largely fueled by increasing application areas such as automotive industry due to stricter emission rules and awareness about the benefits of the usage of carbon fiber in various applications in emerging economies. Asia-Pacific constitutes the largest market share due to the presence of three major carbon fiber manufacturers in Japan.