Carbon Fiber Market (Type - Virgin Fiber (VCF) and Recycled Fiber (RCF); Application - Textiles, Composite Materials, Microelectrodes, and Catalysis; End User industry - Aerospace and Defense, Automotive, Construction and Infrastructure, Wind Energy, Sporting Goods, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024. According to the report the global carbon fiber market is projected to grow at a CAGR of 11.7% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 04/22/2019 --Our latest research report entitled Carbon Fiber Market (by type (virgin (VCF), recycled fiber (RCF)), application (textiles, composite materials, microelectrodes, catalysis), end user (aerospace, defense, automotive, construction, infrastructure, wind energy, sporting goods)) provides complete and deep insights into the market dynamics and growth of carbon fiber. Latest information on market risks, industry chain structure carbon fiber cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential carbon fiber growth factors.

The forecast carbon fiber market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, carbon fiber on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.

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The High Strength and Light Weight Properties of Carbone Fiber Attracts Several Automotive, Aerospace and Other Manufacturers

Versatile properties offered by carbon fiber based components they are used in various industries such as aerospace and defense, automotive, construction and infrastructure, wind energy, sporting goods and so on. The carbon fiber reinforced composite materials are used to make the aircraft, spacecraft part and automotive parts as they need high strength and low weight. The carbon fibers fulfill the requirements as they offer high strength with the relatively low weight with high corrosion resistance.

The rapidly growing use of carbon fiber in the aerospace and spacecraft for the manufacturing of various parts is the primary factor driving the growth of the carbon fiber market. In addition, increasing awareness about the excellent mechanical and physical properties of Carbone fibers rises it's used in various industries likely to boost the growth of Carbone fiber market. However, the high cost of carbon fibers is hampering the growth of Carbone fiber market. Moreover, growing demand for lightweight but strong material from the automotive and aerospace industries are projected to create more opportunities in upcoming years

The Demand for Carbon Fibers in the North America Region is Growing Rapidly

North America dominates the market of carbon fiber market. The presence of the largest aircrafts makers in this region results in increased demand of Carbone fiber in this region. The many automotive manufactures are focusing on the production of light weight cars that is likely to boost the growth of carbon fiber market in this region

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Rapidly Growing Use of Carbon Fiber in the Various Industries is Likely to Boost the Market of Carbon Fibers

The Carbone fiber offers various benefits over the other fibers such as High Strength, Rigidity, Corrosion resistance, Electrical Conductivity, chemical stability, fire resistance and so on. The automotive, aerospace and other manufacturers are concentrating on the use of Carbone fibers instead of glass or other fibers for the manufacturing which is expected to create more opportunities for the carbon fiber technology in upcoming years.

The Major Players Focusing on the Expansion of Production Capacity to Increase Their Profit Margins

Mitsubishi Rayon expanded production capacity by 2000 t at its carbon fiber factory in Sacramento, USA, by mid-2016 to improve the profit margins.

In addition, the players such as Toray Industries Inc., Teijin, Mitsubishi., Formosa and SGL BASF SE, Hexcel Corporation, Hyosung Corporation, and Nippon Steel & Sumitomo Metal Corporation are the major players who are focusing on organic growth opportunities.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global carbon fiber market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of carbon fiber market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the carbon fiber market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the carbon fiber market to understand the present and future trends in this market and formulate their strategies accordingly.