According to a new market report published by
Lucintel, the future of the global carbon fiber textile market looks promising with
opportunities in transportation, marine, wind energy, aerospace/defense, and construction
industries. The global carbon fiber textile market is expected to reach an estimated $2.1 billion by 2023 with a CAGR of 7.3% from 2018 to 2023.
The major drivers for this market are growing demand for lightweight and high
performance composite materials in in transportation, marine, wind energy,
aerospace/defense, and construction industries.
In this
market, carbon fiber is used to produce woven and non-woven textiles. Lucintel forecasts that woven textile will
remain the largest segment due to its wide application area in
transportation, aerospace/defense, and wind energy industries. The non-woven textile
is expected to witness highest growth over the forecast period due to its
better drapablity, optimization in component design, and de-lamination
resistance.
Within the global carbon fiber textile market,
aerospace/defense will remain the largest end use industry due to wider
application area and high performance requirement. Transportation segment is
expected to witness highest growth over the forecast period due to the
increasing demand for lightweight materials.
Europe is
expected to remain the largest market for carbon fiber textiles due to presence
of leading carbon fiber composite component manufacturers. Rest of the World
region is expected to witness the highest growth rate during the forecast
period due to the expected
increase in vehicle production and the growing use of lightweight composites
components.
Emerging trend, which has a
direct impact on the dynamics of the industry, includes development of mass production composite component
technologies. Sigmatex, SGL, Seartex, Chomarat, and Vectorply are
among the major suppliers of carbon fiber textile.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global carbon fiber textile market by end use industry,
product type, and region, and has come
up with a comprehensive research report entitled “Growth
Opportunities in the Global Carbon Fiber Textile Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategies as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global carbon fiber textile market by end use industry, product type, and
region, as follows:
By end use
Industry [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
- Aerospace & Defense
- Transportation
- Wind Energy
- Marine
- Construction
- Others
By product type
[Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
- Woven
- Non-Crimp
By region
[Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This
218-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 addresses the following key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the global carbon
fiber textile market by end use industry (aerospace & defense, transportation,
wind energy, marine, construction, others), product type (woven, non-crimp), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.
2. Which products segments will grow at
a faster pace and why?
Q.
3. Which region will grow at a faster
pace and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What
are the business risks and competitive threats in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. What
are the new developments in the market and which companies are leading these
developments?
Q.9. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.10. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
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