The carbon fiber market size in terms of value is projected to grow at a CAGR of 11.9% between 2014 and 2019 to reach $3,602.35 million by 2019.
(PRWEB) October 15, 2014
The carbon fiber market size in terms of value is projected to grow at a CAGR of 11.9% between 2014 and 2019 to reach $3,602.35 million by 2019. Asia-Pacific held the largest share in 2013 with Japan leading the region. The developing countries such as South Korea, Taiwan, India, and Brazil are expected to grow with high growth rates while the developed countries such as U.S., Germany and Canada are predicted to show a moderate growth. Major demand in the Asia-Pacific region is projected to be from automotive and aerospace & defense industries. The carbon fiber market in Asia-Pacific region is growing fast, mainly due to the increasing demand from Europe for use in increasing applications of CFRP. Complete report is available at http://www.reportsnreports.com/reports/125084-carbon-fiber-market-by-types-applications-trends-global-forecasts-2011-2016-.html .
The CFRP market size in terms of value is projected to grow at a CAGR of 12.8% between 2014 and 2019 to reach $33,615.54 million by 2019. North America held the largest share in 2013 with Germany leading the region. The developed countries such as U.S., Germany and Japan are predicted to show a moderate growth. Major demand in the Europe region is projected to be from automotive and aerospace & defense industries.
Major industry players are partnered and joint ventured with local automotive industries in Germany to target the local application industries for expansion of CFRP market. The major players in the carbon fiber and CFRP market are Toray Industries(Japan), Mitsubishi Rayon (Japan), Cytec Industries (U.S.) , Teijin Ltd (Japan), SGL-Carbon(Germany),Hexcel Corporation (U.S.), Hyosung Corp (South Korea), Formosa Plastic Corporation (Taiwan), Gurit Holdings (Switzerland), Plasan Carbon Composites (U.S.),Tencate (The Netherlands) and Kringlan Composites (Switzerland). These companies showed significant presence among other players in the global Carbon fiber and CFRP market. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=125084 .
New product launch and Expansion were the most preferred strategies among the major players in the carbon fiber and CFRP market, globally. The major players are invested huge amount and enhancing their technological base, product portfolio, and geographical reach by offering new application products to the end market.
Many companies offering CFRP are actively trying to increase their product portfolio and regional presence to cater to different regional markets. North America is the fastest growing market, mainly due to the increasing Aerospace & Defense and automotive industry in that region. Europe is the fastest growing market due to the increasing automotive industry and commercial use of CFRP in electric vehicles. Germany dominating the European market as many leading automotive companies are belongs from that region. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=125084 .
Browse Related Report:
"Ceramic Fiber Market by Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and Application (Petrochemical, Iron & Steel, Aluminum, Ceramics, Power Generation) - Global Trends & Forecasts to 2019” research report is now available with ReportsnReports.com. Companies like Ibiden Co. Ltd, Morgan Thermal Ceramics, Unifrax Corporation, Shandong Luyang Share Co. Ltd, Isolite Insulating Products Co. Ltd, Nutec Fibratec, General Insulation Europe Ltd, Thermost Thermotech Co. Ltd, Yeso Insulating Products Co. Ltd and Rath Incorporated are discussed in this research available at http://www.reportsnreports.com/reports/125445-ceramic-fiber-market-by-type-applications-global-forecast-to-2016-.html .
Explore more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/ .
ReportsnReports.com is an online market research reports library of 450,000+ reports (http://www.reportsnreports.com/latest-market-research.aspx ) and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers, including MarketsandMarkets.