DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Carbon Fiber Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global carbon fiber market is expected to reach $ 3.51 Billion by 2022, at a CAGR of 9.1% between 2016 to 2022
Owing to increasing demand for fuel-efficient vehicles and focus on production of electricity from renewable sources and the use of carbon fiber in Boeing and airbus aircrafts and high cost of carbon fiber and insufficient production capacity are the restrains of carbon fiber market.
The market is segmented on the basis of application and types. On the basis of type market is sub segmented into pan-based carbon fiber, pitch-based carbon fiber and rayon-based carbon fiber. Further PAN based carbon fiber is followed by pitch-based carbon fiber.
Where as others segment that includes rayon based polyacrylonitrile, carbon fiber is anticipated to be rapidly growing segment during the coming period. PAN-based carbon fiber usage is higher by value and volume because of its lower cost than pitch-based carbon fiber. PAN has properties involving thermal stability, low density, high strength and modulus of elasticity.
Due to this unique properties PAN has become an essential polymer in high tech. Its tensile modulus and high tensile strength are established by coatings, production processes, and PAN's fiber chemistry. Its mechanical properties derived are precious in composite structures for military and commercial aircraft.
Some of the major players are Toho Tenax, SGL, Cytec, Hexcel, toray Industries Inc. , Mitsubishi Rayon Co. Ltd., Teijin Limited , SGL Group , Formosa Plastics Corporation ,Hexcel Corporation, Hyosung, Tencate .
Companies are following the various strategic initiatives like, product innovation, Merger and Acquisition , Collaboration etc.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographic Analysis
6. Company Profiles
- Toray Industries Inc.
- Teijin Limited
- Mitsubishi Rayon Co. Ltd.
- Sgl Group
- Formosa Plastics Corporation
- Hexcel Corporation
- Cytec Industries Inc.
Taekwang Industrial Co. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/l8jhq7/global_carbon