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Showing posts from January, 2013

Global Carbon Fibers Market to touch 141k MTs by 2020 while Composites to reach 210k MTs

Industry Experts, a multi industry focused market research firm, has today added a new market research report ‘ Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) - A Global Market Overview ’ to its Chemicals & Plastics catalogue. According to the new report, the global market for Carbon Fibers and Carbon Fiber Composites is mainly driven by the wind energy, aerospcae & Defense and Sports & Leisure sectors which are estimated to consume 11.3k MTs, 9.4k MTs and 8.3k MTs by the year 2013. Carbon fibers have gained an immense importance in a range of applications in industrial sectors such as wind energy, automotive, civil engineering, pressure vessels as well as in aerospace & military, motorsports and other sporting goods because of their superior characteristics like enhanced stiffness & tensile strength, low weight, improved chemical resistance & temperature tolerance and low thermal expansion. The industries, having the high growth potential for carb