Table of Contents
After recovering from the largest decline in the history of the carbon fiber industry in 2009, the market is poised for strong double-digit growth annually for the next five years. In terms of dollar shipment, the global carbon fiber market is expected to reach $3.3 billion by 2019 from $1.8 billion in 2013. Both industrial and aerospace markets are expected to witness annual double-digit growth. The sporting goods market is likely to witness the lowest growth over 2014-2018 in terms of dollar shipment.
Lucintel, a leading global management consulting and market research firm, has analyzed the global
carbon fiber market and presents its findings in “Growth Opportunities in the Global Carbon Fiber
Lucintel’s research indicates that the future growth of global carbon fiber industry will likely be driven by
emerging applications such as wind blades; nuclear centrifuge rotor tubes; laptop cases; mobile
phones; and risers, tethers and umbilical in the oil and gas industry. In addition, civil and bridge
applications; CNG tanks, fuel cells, and automotive applications in high-end cars; defense aircraft;
commercial aerospace applications such as B787, A380, B747-8, A350; and next-generation narrow
body aircraft are leading applications for carbon fiber use.
The industrial market is expected to see the highest growth among the other major sectors such as
aerospace and sporting goods. The industrial market is forecast to grow at the highest rate annually
over the next five years in terms of million dollars in shipments. More new carbon fiber suppliers from
India, China, Russia, the Middle East, and other developing regions are likely to emerge. Although there
is likely be a rise in pricing of final products annually over the next five years, this will be compensated
because of high manufacturing efficiency. Additionally, competition from offshore suppliers, such as
China and India, is expected to drive down the cost of end products.
The report, which provides trend scenarios for 2008-2013 and forecast statistics during 2014-2019,
details industry drivers and challenges, compares properties and prices, and highlights major carbon
fiber suppliers. The report also describes various carbon fiber properties, manufacturing processes, and
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
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