Lucintel Estimates China Carbon Fiber Market to Grow at a CAGR of 7.6% over 2013-2018
Carbon fiber applications are on the rise in the composites industry, as manufacturers in different application industries are increasingly adopting this versatile material.
Irving/Texas, May 22, 2015 (Newswire.com) - Carbon fiber applications are on the rise in the composites industry, as manufacturers in different application industries are increasingly adopting this versatile material. Major usage of carbon fiber in China can be found in sporting goods, aerospace, and industrial applications. The sporting goods industry is the largest consumer of carbon fiber, followed by industrial and aerospace segments.
Carbon fiber is ideal for sporting goods, aerospace, and industrial markets due to its features, such as high strength and light weight. From the analysis presented in the report, carbon fiber material suppliers as well as composites product manufacturers will recognize that substantial opportunities exist in China’s carbon fiber industry in the long run due to notable trends in demand and growth, based on various applications markets.
The Chinese carbon fiber market is expected to grow at a CAGR of 7.6% by value during 2013-2018. The sporting goods segment will remain the largest market for carbon fiber. There has been a big shift in the manufacturing base for sporting goods towards low cost areas, such as China, and Korea. Jiangsu Hengshen Fiber Materials Co., Ltd., Weihai Tuozhan Fiber, Dalian Xingke Carbon Fiber Co., Ltd, ZhongFu ShenYing Carbon Fiber (CNBN Company), and Yingyou Group Corp. are some of the suppliers of carbon fiber for various applications.
Lucintel, a growth accelerator firm, has conducted a competitive analysis on the Chinese carbon fiber market and presents its findings in “Growth Opportunities in China Carbon Fiber Market 2013-2018: Trend, Forecast, and Competitive Analysis.” This report provides an analysis of the carbon fiber market in China, including analysis of the market trends, competitive landscapes, and the key drivers of market growth. The study also includes the Chinese carbon fiber market forecasts through 2018, segmented by applications as follows:
§ Sporting Goods
§ Aerospace
§ Industrial
This 105 pages research report will enable you to make confident business decisions in the Chinese carbon fiber market. For a detailed table of contents and pricing information on this timely, insightful report, click on this link: http://www.lucintel.com/reports/chemical_composites/growth_opportunities_in_china_carbon_fiber_market_2013-2018_trend_forecast_and_competitive_analysis_august_2013.aspx or contact Lucintel at +1-972-636-5056, or via email at helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Market Research Report and SWOT Analysis. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.
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