The
modern automotive industry is always on a look out for ground level
solutions for increasing the fuel efficiency of their products and
using carbon fibers is really considered as a probable option to
alleviate this problem and that is one of the primary reasons that
the global Carbon
Fiber Market
is experiencing a boom over the past couple of years or so. Being
extremely light weight and also for their due diligence carbon fiber
is now extensively used in the production of heavy automobiles as a
necessary measure for weight reduction.
According
to a number of prominent global market research company it is
expected that the global carbon fiber market is going to grow at an
average rate of 17% per annum for the next five years or so and by
the year 2020 the total worth of global carbon fiber market will be
an impressive 26 billion dollars. Also as per many business magazines
it is really difficult to underestimate the real potential of the
market as carbon composites are now being used in the manufacturing
of a wide variety of products and the number of carbon fiber
consumers is also increasing with an alarming rate.
It
might sound quite strange but it is quite true that the production of
low cost carbon fiber with due diligence was considered almost
impossible, but with sustained effort in their development and
research along with proper government patronization a lot of progress
has been made and now for the many Market Research companies, the
global carbon fiber market has a very prospective future lying ahead
of it and can really lead to a global economic growth and reduced
carbon emission at the same time. Different types of carbon fiber are
now being used to join satellites, microchips and internet and are
also used in nuclear power production units for their due
diligence
and other notable qualities.
Apart
from its great strength and light weight the other most important
features of carbon fiber are its low thermal extension, along with
the capability of electric conduction and great tensile strength that
has made it the material preferred by most heavy machinery and
automobile mobile manufacturing companies and those market research
company predictions have every resin to come true in the next five
years or so. The latest cars from the most prominent global
automobile giants use carbon fiber extensively to reduce the weight
and add to the dynamic quality of the vehicle and most of the time
the bonnet, the hood and the boot along with the fender are made with
carbon fiber composites to make the cars more diligent and
lightweight at the same time and that has provided the global Carbon
Fiber Market the necessary boost that it was always waiting for.
