Irving, TX (PRWEB) July 02, 2012
The global carbon fiber textile (CFT) market experienced good growth in 2011 and is expected to continue its growth momentum to reach revenue of approximately $1,603 million in 2017 with a CAGR of 9.5% over the next five years. The economic recession and a downturn in key market segments in 2009 caused the CFT market to shrink 22.3% in 2009 compared to 2008; in 2011, however, the market improved by 14.4% compared to 2010.
Lucintel, a leading global management consulting and market research firm, has analyzed the global carbon fiber textile market and presents its findings in “Global Carbon Fiber Textile Market 2012-2017: Supply, Demand, and Opportunity Analysis.”
As the study indicates, CFT has gained favor among OEMs, as a competitor to traditional materials such as iron, steel, and aluminum, for its superior performance and other advantages. The growth rate of CFT differed across various market segments based on the price versus performance criteria as well as its level of penetration in particular applications. Regionally, the CFT market is categorized as developed in the North America and European markets, with Asia and the Rest of the World (ROW) representing an emerging market.
Lucintel’s research indicates that in the global CFT industry, Asia/ROW emerged as the leading region for CFT materials consumption in terms of both volume and value in 2011. Recession and massive declines in most US market segments caused this shift. The CFT market is expected to grow rapidly in Asia/ROW mainly due to China and India. Asia/ROW is expected to remain the largest region through 2017. The second-largest region in 2017 is anticipated to be North America. The wind energy market is forecast to be the largest market segment and represents huge growth potential through 2017. The second-largest segment is anticipated to be the aerospace industry through 2017.
The report, which provides trend scenarios and forecast statistics for 2012–2017; details industry drivers and challenges; highlights the carbon fiber textile market by products, applications, and regions; describes various carbon fiber properties; 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, insight, and cost efficiency.