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Global carbon fiber market: 12.3% CAGR estimated between 2012-16
Global Carbon Fiber Market 2012-2016 - a new market research report on 2014-04-17 04:49:01
The Global Carbon Fiber market is to grow at a CAGR of 12.27 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for carbon fiber in the Wind Energy sector. The Global Carbon Fiber market has also been witnessing an increase in carbon fiber production capacities. However, high production cost of carbon fibers and its composites could pose a challenge to the growth of this market.

The increase in production capacities is a major trend witnessed in the Global Carbon Fiber market. With the growing demand for carbon fibers and carbon fiber composites in applications such as manufacturing of aircrafts, automobiles, wind turbine blades, and pressure vessels, large producers of carbon fibers are investing heavily in new production facilities to tap the surge in demand. Moreover, many vendors are increasingly adopting new production technologies, which can help them diversify their production capabilities from their traditional market to new emerging markets.

One of the major drivers is the increased demand for carbon fibers in wind energy applications. With the rise in the prices of fuel, the demand for alternative sources such as wind energy has increased. This in turn has fostered the demand for carbon fibers in the manufacturing of wind energy generation turbines and other parts.

A major challenge hindering the growth of the market is the restricted skill and technology transfer between various market players.

The key vendors dominating this space include Mitsubishi Rayon Co. Ltd., Toho Tenac Co. Ltd., Toray Industries Inc., and Zoltek Corp.

The other vendors mentioned are AKSA (Akrilik Kimya Sanayii A.S.), Cytec Engineered Materials Inc., Formosa Plastics Corp., Hexcel Corp., Kureha Corp., Mitsubishi Plastics Inc., and SGL Carbon SE.

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Mike King
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