Technavio
Announces the Publication of its Research Report Global Carbon Fiber Market
2016-2020
Technavio recognizes the following companies as the key players in the global carbon fiber market: Cytec Solvay, Hexcel, SGL, Teijin, and Toray.
Other Prominent Vendors in the market are: DowAksa, Kemrock Industries and Exports, Mitsubishi Rayon, Taekwang, and Zoltek.
Commenting on the report, an analyst from Technavio’s team said: “Wind energy is emerging as a low-cost and renewable source of energy for electricity. Developed regions such as North America and Western Europe account for a larger proportion of the share in the total wind tower installations globally. It is a high-potential application area for carbon fiber as the industry is demanding lighter and more efficient turbine blades.”
Technavio recognizes the following companies as the key players in the global carbon fiber market: Cytec Solvay, Hexcel, SGL, Teijin, and Toray.
Other Prominent Vendors in the market are: DowAksa, Kemrock Industries and Exports, Mitsubishi Rayon, Taekwang, and Zoltek.
Commenting on the report, an analyst from Technavio’s team said: “Wind energy is emerging as a low-cost and renewable source of energy for electricity. Developed regions such as North America and Western Europe account for a larger proportion of the share in the total wind tower installations globally. It is a high-potential application area for carbon fiber as the industry is demanding lighter and more efficient turbine blades.”
According to
the report, increasing collaborations between vendors, and end-users in the
market and academic or research institutions are expected to drive the global
carbon fiber market during the forecast period.
Further, the report states that high competition prevails among the key vendors of the market, who have been dominating the market in terms of R&D investments. The possibility of growth for newer entrants in the market is low since it is difficult for these vendors to compete with the established vendors that have a strong reputation for providing quality products, unless such players have some advanced solutions to offer.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that high competition prevails among the key vendors of the market, who have been dominating the market in terms of R&D investments. The possibility of growth for newer entrants in the market is low since it is difficult for these vendors to compete with the established vendors that have a strong reputation for providing quality products, unless such players have some advanced solutions to offer.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Carbon fiber
Carbon fiber is a material made of thin, crystalline, strong filaments of carbon with a diameter of 5 microns to 15 microns. Many parallel filaments are collectively grouped, and this is referred to as a carbon fiber tow. The term tow count mentions the number of filaments that are present per tow.
Technavio’s analysts forecast the global carbon fiber market to grow at a CAGR of 9.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global carbon fiber market for 2016-2020. To calculate the market size by revenue, the report follows a top-down approach in the prime application areas of different types of carbon fibers, including aerospace and aviation, automotive, wind turbines, sports utility, marine, construction, and pressure vessels.
The market is divided into the following segments based on geography:
• APAC
• EMEA
• North America
• ROW
Technavio's report, Global Carbon Fiber Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Cytec Solvay
• Hexcel
• SGL
• Teijin
• Toray
Other prominent vendors
• DowAksa
• Kemrock Industries and Exports
• Mitsubishi Rayon
• Taekwang
• Zoltek
Market driver
• Collaborations between vendors and end-user industries
• For a full, detailed list, view our report
Market challenge
• High production costs
• For a full, detailed list, view our report
Market trend
• Markets may turn oligopolistic in nature
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Carbon fiber is a material made of thin, crystalline, strong filaments of carbon with a diameter of 5 microns to 15 microns. Many parallel filaments are collectively grouped, and this is referred to as a carbon fiber tow. The term tow count mentions the number of filaments that are present per tow.
Technavio’s analysts forecast the global carbon fiber market to grow at a CAGR of 9.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global carbon fiber market for 2016-2020. To calculate the market size by revenue, the report follows a top-down approach in the prime application areas of different types of carbon fibers, including aerospace and aviation, automotive, wind turbines, sports utility, marine, construction, and pressure vessels.
The market is divided into the following segments based on geography:
• APAC
• EMEA
• North America
• ROW
Technavio's report, Global Carbon Fiber Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Cytec Solvay
• Hexcel
• SGL
• Teijin
• Toray
Other prominent vendors
• DowAksa
• Kemrock Industries and Exports
• Mitsubishi Rayon
• Taekwang
• Zoltek
Market driver
• Collaborations between vendors and end-user industries
• For a full, detailed list, view our report
Market challenge
• High production costs
• For a full, detailed list, view our report
Market trend
• Markets may turn oligopolistic in nature
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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