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Global Carbon Fiber Textile Market: Overview
The demand in the global carbon fiber textile market is rising due to the high demand for carbon fiber based components in various industries. Moreover, the properties of carbon fiber textile that include high stiffness, high tensile strength, and high chemical resistance have increases its application in several industries. Low weight and few other properties have also fueled demand in the global carbon fiber textile market.
Growing application of carbon fiber textile has increased in the aerospace and defense, wind energy, and automotive sectors. Moreover, high demand for lightweight and strong and sturdy alternative materials to be used in these industries is also expected to boost demand in the global carbon fiber textile market.
Relating to the above-mentioned factors, various other parameters are also analyzed a in the global carbon fiber textile market report. It includes vendor landscape focusing on the key strategies used by the leading players, segmentation, regional growth, and ongoing trends in the market. With such wide set of information, market participants will be to take smarter decisions and can expand their business in the forthcoming years.
Global Carbon Fiber Textile Market: Notable Developments
Leading players in the global carbon fiber textile market are making significant efforts such as investing in research and development and development of new products that will help them in getting a firm hold in the market. For an example,
- Recently, Mitsubishi Corp. completes acquisition of ELG Carbon Fibre (ECF) and acquired 25% share in the company. With this acquisition, MC will support marketing and sales of ECF recycled carbon fiber products. Moreover, it will also support in expanding ECF’s recycling operations. ECF can now rely MC to enhance their global business development and proper supply of reprocessed carbon fiber.
- Ahlstrom-Munksjö glass discovred a carbon fiber based unidirectional fabric, which runs only one direction. This new fabric helps in laminating up to 165 layers or more in the single shot. Previously infusing carbon fiber unidirectional fabric covered only up to 120 layers. The company developed this due to changing size and thickness of wind turbine blades.
Other players contributing in the growth of the global carbon fiber textile market include Vectorply, Sigmatex, Seartex, SGL, and Chomarat.
Global Carbon Fiber Textile Market: Trends and Opportunities
Significant rise in the demand of carbon fiber textile to manufacture structural composites parts that are used in the aircrafts has led the demand in the global carbon fiber textile market. Various countries across the globe are investing in aerospace and defense to strengthen their air force, which increases the chances of growth in the global carbon fiber textile market. Moreover, growing demand for fuel-efficient vehicles and growing usage of carbon fibers in the wind energy industry are expected to provide a fillip in this market.
But the players need to take care of growing cost of carbon fiber and insufficient production capability, as these factors might restrain growth in the global carbon fiber textile market. Growing demand for carbon in 3D printing and other areas, manufacturers need to overcome these restraints.
North America to hold dominant share in global carbon fiber textile market
Geographically, the regions covered in the global carbon fiber textile market include, Latin America, North America, Europe, the Middle East and Africa, and the Asia Pacific. Of these regions, North America is expected to lead the global market over the forecast tenure. This dominance is due to the presence of leading aircraft manufacturers and defense companies present in the market. Asia Pacific is also expected to hold large number of share in the global carbon fiber market due to increased economic development and rapid industrialization.
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