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Lucintel’s Report Outlines Double-Digit Growth for Carbon Fiber Industry: Market to Reach $3 Billion in 2018
Irving, Texas (PRWEB) January 18, 2013
The global carbon fiber market is forecast to experience double-digit growth annually for the next five years in terms of dollars and pounds shipment respectively. In terms of dollar shipment, market is expected to reach $3.0 billion in 2018 from $1.8 billion in 2013. The industrial market is expected to witness annual double-digit growth while aerospace experiences high single-digit growth. The sporting goods market is likely to witness the lowest growth in 2013-2018 in terms of dollar shipment.
Lucintel, a leading global management consulting and market research firm, has analyzed the global carbon fiber market and presents its findings in “Growth Opportunities in the Global Carbon Fiber Market: 2013-2018.”
Lucintel’s research indicates future growth of the global carbon fiber industry will be driven by emerging applications such as wind blades; nuclear centrifuge rotor tubes; laptop cases; mobile phones; and risers, tethers and umbilical in the oil and gas industry. In addition, civil and bridge applications; CNG tanks, fuel cells, automotive applications in high-end cars; defense aircraft; commercial aerospace applications such as B787, A380, B747-8, A350; and next-generation narrow body aircraft are leading applications for carbon fiber use.
The industrial market is expected to see the highest growth among the other major sectors such as aerospace and sporting goods; and is forecast to grow at the highest rate annually over the next five years in terms of million dollars in shipments. More new carbon fiber suppliers from India, China, Russia, the Middle East, and other developing regions are likely to emerge. Although there will be a rise in pricing of final products due to material prices increasing annually over the next five years, this will be compensated because of an increase in manufacturing efficiency. Additionally, competition from offshore suppliers such as China and India will drive down the cost of end products.
The chemical research report, which provides trend scenarios and forecast statistics for 2013-2018; details industry drivers and challenges; compares properties and prices; and highlights major carbon fiber suppliers, also describes various carbon fiber properties, manufacturing processes, and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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