According to
a new market report published by Lucintel, the future of the South Africa
carbon composites market looks good with opportunities in aerospace/defense,
transportation, and other industries. The end product market such as fuselage
components, helicopter rotor blade, car & bike wheels, fuel tanks made with carbon composites in South Africa is
forecast to grow at a CAGR of 2.7% from 2018 to 2023.
In this market, aerospace/defense, transportation,
sporting goods, and marine are the major end use industries. Lucintel forecasts that aerospace/defense is
expected to remain the largest segment by both value and volume. The aerospace/defense
segment is expected to witness the highest growth during the forecast period
supported by growing export of composite components in advanced aircraft designs.
Carbon fiber
market includes both forms of material which are consumed directly as well as
intermediate materials. Prepreg and fabric are the leading forms of carbon
fiber intermediate materials. In terms of material, carbon fiber prepreg is
expected to remain the largest segment due to its growing application area in
aerospace/defense.
In South
Africa, small tow carbon fiber holds the major share by volume and is expected to witness the highest growth
over the forecast period.
Some of the strategic initiatives adopted
for the growth of carbon composites market in South Africa are developing alliances
across the supply chain, and creating an attractive business environment for global
corporate investment. Toray
Industries Inc., Gurit, SEARTEX GmbH & Co. KG., TenCate Advanced
Composites, Hexcel Corporation, SGL Carbon Group, and Teijin are
among the major suppliers of carbon fiber, fabric, and prepreg in South Africa.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the South African carbon
fiber composites market by end use industry and carbon fiber by tow size.
Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the South Africa Carbon Composites Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the South
Africa carbon composites market, as follows:
Carbon composites
end product Market by End Use Industry [Value ($M)] shipment analysis for 2012
– 2023]:
- Aerospace/Defense
- Transportation
- Others
Carbon fiber prepreg
market by End Use Industry [Volume (Million Pounds) and $M shipment analysis for
2012 – 2023]:
- Aerospace/Defense
- Transportation
- Others
Carbon fiber fabric market by End Use Industry
[Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:
- Aerospace/Defense
· Transportation
- Others
This
115-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 5 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the South Africa carbon composites market
by end use industry (aerospace/defense, transportation, and others)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to
the market?
Q.5 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
