Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc. released its latest version of the report on " Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) ", which projects the demand for carbon fiber to reach $8.5 billion (274K metric tons) by 2030, from an estimated $4.4 billion in 2024 at a CAGR of 11.6% between the two years. Carbon fiber reinforced plastics market was estimated at US$28 billion in 2024 and expected to grow by a CAGR of 11.4% during the same analysis period and reach US$54 billion by 2030. The lightweight properties of Carbon Fibers play a pivotal role in reducing carbon dioxide (CO2) emissions across the lifecycle of products, addressing critical global environmental challenges. This advantage has driven their growing adoption in key industries, including wind energy, aerospace, automotive, and pressure vessels. The Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) market faced a significant downturn in 2020 due to the COVID-19 pandemic, which disrupted maj...

Industry Experts, Inc. released an updated 2021 version of its in-depth comprehensive market report on Carbon Fibers. This global market report entitled " Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) – A Global Market Overview " covers the detailed impact of COVID-19 pandemic on the Carbon Fiber market. Global demand for Carbon Fibers was declined sharply in 2020, dropping by 9.5% YOY in volume terms and 15.4% in value terms, due to reduction in demand for Carbon Fibers across major application areas amid the impact of coronavirus pandemic. Aerospace, automotive, and oil & gas applications have been hit hard by the pandemic during 2020. COVID-19 pandemic has impacted the production rates of aircrafts significantly during 2020 as demand for new aircrafts drastically decreased. Additionally, the parked fleet of commercial aircraft reached record levels globally during 2020 as passenger traffic fell and airlines reduced capacity. Each new generation of comme...

Industry Experts, Inc. released an updated 2018 version of its in depth comprehensive market report on Carbon Fibers. This global market report entitled " Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) – A Global Market Overview " reveals that the Asian market for carbon fibers is expected to increase at a robust 2017-2024 CAGR in terms of both for volume consumption and the market value. The automotive industry is primed to be the fastest growing sector for carbon fibers and OEMs operating in this area are likely to employ a combination of steel, aluminum and composites based on demands of mechanical requirements and costs. The other sector likely to contribute to significant growth in demand for carbon fibers is pressure vessels that are used for storing and transporting compressed and liquefied natural gas in automotive and fleet applications, with regions in Asia-Pacific, South America and Europe being the main drivers. Application areas analyzed in the...