Global Carbon Fibers Market to touch 141k MTs by 2020 while Composites to reach 210k MTs

Monday 14 Jan 2013

Industry Experts, a multi industry focused market research firm, has today added a new market research report ’Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) - A Global Market Overview’ to its Chemicals & Plastics catalogue. According to the new report, the global market for Carbon Fibers and Carbon Fiber Composites is mainly driven by the wind energy, aerospcae & Defense and Sports & Leisure sectors which are estimated to consume 11.3k MTs, 9.4k MTs and 8.3k MTs by the year 2013.

Carbon fibers have gained an immense importance in a range of applications in industrial sectors such as wind energy, automotive, civil engineering, pressure vessels as well as in aerospace & military, motorsports and other sporting goods because of their superior characteristics like enhanced stiffness & tensile strength, low weight, improved chemical resistance & temperature tolerance and low thermal expansion. The industries, having the high growth potential for carbon fiber reinforced plastics (CFRP) and intern carbon fibers in the near future include automotive, wind energy, aerospace & defense, offshore oil & gas applications and composite pressure vessels among others.

The study reviews, analyzes and projects the global market for Carbon Fibers and Carbon Fiber Reinforced Plastics (CFRP) for the period 2008-2020 while discussing the global Carbon Fiber installed capacities. The report also focuses on current market trends and future strategies of the industry.

Market for Carbon Fibers and Carbon Fiber Reinforced Plastics application areas analyzed in the study include aerospace & defense, sporting goods & leisure and industrial applications such as automotive, wind energy, pressure vessels, construction & infrastructure, compounds for electrical/electronic applications, oil & gas applications and others. Further, the report estimates and projects the global market for both carbon fiber reinforced plastics and carbon fibers for the period 2008-2020, in terms of volume (metric tons) as well as value (US$ million) by geographic regions including North America, Europe, Japan, Asia and Rest of World.

Global volume demand for CFRP, estimated at around 67 thousand metric tons in 2012, is expected to maintain a 2012-2020 CAGR of 15.3% to reach 210 thousand metric tons by 2020. In terms of value, demand for CFRP, estimated at US$10.25 billion in 2012 is expected to record a CAGR of 11.9% over 2012-2020 in reaching US$25.2 billion by 2020. In tandem with the CFRP market, global demand for carbon fibers in terms of volume, estimated at 45 thousand metric tons in 2012 and forecast to be 51.7 thousand metric tons in 2013, is further projected to reach 141 thousand metric tons by 2020, registering a 2012-2020 CAGR of 15.4%. In terms of value, consumption of carbon fibers globally is estimated to stand at US$2.03 billion in 2012 and projected to reach around US$5 billion by 2020.

This 507 pages, global market report includes 146 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and end-use applications of Carbon Fibers. Data tables for production capacities are illustrated by precursor type, geographic region, country and by major manufacturer. The brief business profiles of 74 key global players comprising 27 Carbon Fiber, 6 Recycle Carbon Fiber and 41 Carbon Fiber Composite manufacturers. The report includes the listing of 54 companies that are engaged manufacturing of carbon fibers, recycled carbon fibers, carbon fiber precursors and low-cost carbon fiber research and development. The study also provides Carbon Fiber Composites global list of 209 players encompasses the companies that are engaged in manufacturing, supplying, molding and fabricating the carbon fiber composites.

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