Global Carbon Resin Market Worth $534.1 Million by 2022 - Key Vendors are Huntsman Corporation, Ashland & Olin Corporation - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Carbon Resin Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.

The global carbon fiber resin market is expected to contribute $293.9 Million in 2016 to $534.1 Million by 2022, at a CAGR of 12.9 % from 2016 to 2022 .

The increase in growth of carbon fiber market is due to increasing demand for strong and lightweight materials of composite from end-use industries like aerospace & defense and automotive is rising the demand for carbon fiber resin. With the beginning of CAFÉ regulation in European and North America region, the use of composite parts manufactured by using carbon fiber resin is anticipated to substantially rise the market growth in the automotive application.

Thermoset resin is major type of resin as it has a larger share of market comparative to thermoplastic due to their high strength and resistance to high temperature. That is why it has larger application in the defense industries and automotive and aerospace which needs more heat and temperature-resistant materials. The Thermoset material includes polyester, epoxy, and vinyl ester resin. These resins are majorly used for manufacturing carbon fiber composite materials, when its uncured, they all are in the liquid state at room temperature. This is thermoset`s unique property which allows resin to convenient impregnation of reinforcing fiber.

High growth in the U.S. is attributing to increasing demand for good performance composite resin, especially from the defense and aerospace industry. The Asia-Pacific region is also showing increasing growth in the market of carbon fiber resin. This rising in growth is due to the high industrial development in countries like China, Japan, and South Korea.

Companies Mentioned:

  • Huntsman Corporation
  • Alpha Owens-Corning
  • Basf Se
  • Hexion Inc.
  • Polynt S.P.A.
  • Ashland Inc.
  • Olin Corporation
  • Aliancys
  • Kukdo Chemical Co. Ltd

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Geographic Analysis

6. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/8d68r8/global_carbon

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Plastic Resins

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Plastic Resins