Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for auto industry professionals · Tuesday, September 17, 2019 · 496,574,817 Articles · 3+ Million Readers

Global Carbon Fiber Market to reach US$3.4 Bn by 2026 as Automotive & Electronics Manufacturers Embrace Innovation, Finds TMR

Carbon Fiber Market to Reap Voluminous Revenues as Automotive Industry Focuses on Sustainability

/EIN News/ -- Albany, New York, Sept. 10, 2019 (GLOBE NEWSWIRE) -- The applications of carbon fiber remain heavily understated. Researchers have, time and again, discovered new applications of carbon fiber in key industries such as electronics, manufacturing, and clothing. Hence, the global carbon fiber market is poised to become a goldmine for investors and stakeholders. Furthermore, several organizations have proved their dexterity with research by conceptualising new products and solutions based on carbon fiber. The next decade is expected to witness the inflow of fresh revenues in the global carbon fiber market.

Request A Sample of Global Carbon Fiber Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=119

Hyosung Group of Industries plans to invest a total of US$840 million in its carbon fiber business by the turn of 2028. The South-Korea based industrial conglomerate is slated to expand its current capacity for carbon fiber production from 2,000 tons to 24,000 tons. Following this, the Jeonju-based plant of the group would become the world’s single largest plant with this production capacity. Several other companies are also expected to increase their investments in the carbon fiber business. This trend shall become a forerunner to growth across the global carbon fiber market.

Electronic manufacturers have stayed high-headed in deploying new technologies and exploiting useful materials. The use of carbon fiber in the electronic industry is a historic trend that has richly contributed to the growth of this market. Furthermore, electronic manufacturers have remained extremely liberal in experimenting with various types of carbon fibers. This factor has also played an integral role in the growth of the global carbon fiber market.

Is something restraining your company’s growth in the Carbon Fiber Market? Ask for the report brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=119

Transparency Market Research (TMR), in one of its reports, prognosticates that the global carbon fiber market would expand at a respectable CAGR of 6.80% over the period between 2018 and 2026. Furthermore, the total value of the global carbon fiber market should touch a value of US$ 3.4 Billion by 2026.

Players to Rely on Automobile Industry for Sustenance

Several classic models of cars were developed with extensive use of carbon fibers. Bugatti EB110, one of the most rare and sought-after models, has a thick carbon fiber coating over its body. The use of carbon fiber in the automotive industry is still a prominent trend, and the global market shall expand as this trend magnifies in the years to come. Despite the high-cost of using carbon fiber in the automotive industry, manufacturers continue to trust their returns-on-investment. Popularity of steels is expected to challenge the starry pace of growth within the global carbon fiber market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Carbon Fiber Market@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=119

The growing popularity of composite materials has paved way for fresh revenues within the global carbon fiber market. Use of thin carbon films on polymers can increase the fire resistance and strength of polymers. This is a key consideration for manufacturers who use various polymers as intermediate products. Use of innovative and weather-resistant technologies in the constructions industry has also facilitated market growth.

Better Thermal Conductivity to Create New Applications

Development of heating fabrics including blankets and apparels follows the use of carbon fibers. The application of carbon fiber in DIY heated jackets has emerged as an integral driver of market demand. Furthermore, the clothing industry has shown immense responsibility in dealing with various types of carbon fiber fabrics. The need for manufacturing light-weight and heat-retaining fabrics is projected to bring in key revenues into the global carbon fiber market.

Purchase this Premium Industry Research Report with Analysis @ https://www.transparencymarketresearch.com/checkout.php?rep_id=119&ltype=S

Some of the leading players in the global carbon fiber market are Formosa Plastic Corporation, Mitsubishi, and Kureha Corporation.

The review is based on TMR’s report titled, “Carbon Fiber Market (Product - PAN-based, PITCH-based; Technology - Prepreg Layup, Pultrusion, Filament Winding, Press and Injection Molding; Application - Automotive and Transportation, Construction, Aerospace and Defence, Sports and Leisure, Marine and Oil & Gas, Wind Energy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

The global carbon fiber market is segmented by:

Product

  • PAN-based
  • PITCH-based
  • Others

Technology

  • Prepreg Layup
  • Pultrusion
  • Filament Winding
  • Press & Injection Molding
  • Others

Application

  • Automotive & Transportation
    • Interior
    • Exterior
    • Others
  • Construction
  • Aerospace & Defense
  • Sports & Leisure
  • Marine and Oil & Gas
  • Wind Energy
  • Others

By Region and Country

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Browse our Blogs for More Research Insights:

https://tmrblog.com/ | https://www.redfoxinfo.com | https://bitgmx.com

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website:
 http://www.transparencymarketresearch.com 
Research Blog:
 http://www.europlat.org/

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release