Press release
Carbon Fiber Market to gain significant revenue by 2025
Aerospace & defense industry is a major driver for growth in the carbon fiber market. It accounted for approximately a third of the total product market in terms of demand and about half of the total market revenue. The revenue in the aerospace and defense industry is forecast to grow till 2024 with increasing air travel in China, Middle East and other emerging nations.
Sports and leisure equipment is finding increased use of carbon fiber and is the second largest market in terms of revenue. With growing awareness about healthy lifestyles and exercising, the demand for sports utilities will have a healthy growth in the next 8 years. The growing market for light bodied combat aircrafts by the military will propel the industry in the upcoming years.
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Based on the type of industry, carbon fiber finds major use in aerospace & defense industry, wind energy sector, sports equipment industry, automotive industry and others. Aerospace industry is the primary end user, of which commercial aerospace sector has the major market share in terms of volume as well as revenue. The wind energy segment has a lot of promise for the market growth owing to increase in global renewable energy demand.
Light weight and strong gym equipment and other luxury items will enhance the global demand for carbon fiber by 2024. With the focus of leading automobile manufacturers shifting towards weight reduction of the cars, carbon fiber reinforced plastics will find an increasing demand in the forecast period. Among other industries there are the civil engineering industry and electronics goods.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Zoltek
o Toho Tenax
o Mitsubishi Rayon Co. Ltd.
o SGL Carbon SE
o Formosa Plastics Corp
o Hexcel Corporation
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/837
The Carbon Fiber Market demand rose steadily after the general economic recession in 2009. The market is forecast to grow at substantial rate from 2016 to 2024. This growth is accounted for the upcoming developments in the fields of aerospace & defense, sporting goods, wind energy, automobiles and even in the market of civil engineering and electronics goods.
The most demanding region for the industry is North America with an annual production capacity recorded more than third of the global carbon fiber market. With more research and development in the aerospace and defense sector in the US, this demand is forecast to grow in the span from 2016 to 2024. The second largest producer is Europe with its commercial as well as military aircraft manufacturing units. The large number of high end automotive industries in Germany and Italy will also influence the carbon fiber market positively.
Among the Asia Pacific countries, Japan has almost a fifth of the global production capacity. The demand for light weight construction equipment in Japan due to its disaster-prone landmass will boost up the demand of carbon fiber from 2016 to 2024.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/carbon-fiber-market
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Sports and leisure equipment is finding increased use of carbon fiber and is the second largest market in terms of revenue. With growing awareness about healthy lifestyles and exercising, the demand for sports utilities will have a healthy growth in the next 8 years. The growing market for light bodied combat aircrafts by the military will propel the industry in the upcoming years.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/837
Based on the type of industry, carbon fiber finds major use in aerospace & defense industry, wind energy sector, sports equipment industry, automotive industry and others. Aerospace industry is the primary end user, of which commercial aerospace sector has the major market share in terms of volume as well as revenue. The wind energy segment has a lot of promise for the market growth owing to increase in global renewable energy demand.
Light weight and strong gym equipment and other luxury items will enhance the global demand for carbon fiber by 2024. With the focus of leading automobile manufacturers shifting towards weight reduction of the cars, carbon fiber reinforced plastics will find an increasing demand in the forecast period. Among other industries there are the civil engineering industry and electronics goods.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Zoltek
o Toho Tenax
o Mitsubishi Rayon Co. Ltd.
o SGL Carbon SE
o Formosa Plastics Corp
o Hexcel Corporation
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/837
The Carbon Fiber Market demand rose steadily after the general economic recession in 2009. The market is forecast to grow at substantial rate from 2016 to 2024. This growth is accounted for the upcoming developments in the fields of aerospace & defense, sporting goods, wind energy, automobiles and even in the market of civil engineering and electronics goods.
The most demanding region for the industry is North America with an annual production capacity recorded more than third of the global carbon fiber market. With more research and development in the aerospace and defense sector in the US, this demand is forecast to grow in the span from 2016 to 2024. The second largest producer is Europe with its commercial as well as military aircraft manufacturing units. The large number of high end automotive industries in Germany and Italy will also influence the carbon fiber market positively.
Among the Asia Pacific countries, Japan has almost a fifth of the global production capacity. The demand for light weight construction equipment in Japan due to its disaster-prone landmass will boost up the demand of carbon fiber from 2016 to 2024.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/carbon-fiber-market
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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