Carbon Fiber Market technology
Market Research Future estimated that the global carbon fiber wrap market is set to reach the highest CAGR during the forecasted period, 2015–2023.
The carbon fiber wrap is one of the forms of carbon fiber application. The global market for carbon fiber wraps has grown in the last ten years. Due to diverse characteristics of carbon fiber, its wrap has many applications in the automotive, consumer electronics, sports components, concrete structures, wind turbines, automotive, and consumer electronics industries, space, and defense. Players dealing in automobiles, consumer electronics, and sports components use a Carbon Fiber Wrap Market in the form of a sticker and prepreg to change the existing look while giving it a novel look. The rapid development of the sports industry has led to an increase in demand for carbon fiber wrap, which is also a driving factor. The automotive industry is considered the fastest-growing application industry. The construction industry uses carbon fiber wraps to reinforce the concrete structure by wrapping the affected parts in wet carbon fiber wraps. Carbon fiber wraps are an innovative and cost-effective solution for restoring global infrastructure. In addition, other end-user sectors such as wind, aerospace, and defense also benefit from the properties and design possibilities of carbon fiber wraps. However, the high price of carbon fiber and the long production cycle are a major constraint on the global carbon fiber wrap market.
Market Segmentation
The global carbon fiber wrap market is broadly diversified based on lay-up process and end-user industry.
Based on the lay-up process the global carbon fiber wrap market is divided into pre-impregnated carbon fiber lay-up and wet carbon fiber lay-up.
Further on the basis of end-use industry, the global market is bifurcated into automobile, consumer goods, sports, wind energy, construction, aerospace & defense, and others.
Get a Free Sample PDF Brochure
https://www.marketresearchfuture.com/sample_request/895
Regional Insights
Geographically, Europe became the largest carbon fiber wrap market in 2017, followed by Asia Pacific, the Middle East, and North America. In Europe, the carbon wrap market is constantly growing due to the strong presence of car manufacturers, mainly in Italy, the United Kingdom, Germany, Spain, France, and Russia. The Asia Pacific region is predicted to go through a healthy growth during the forecast period 2017–2027. Demand for carbon fiber wrap is expected to grow in several economies in the region, such as China, India, Japan, Taiwan, Malaysia, Thailand, Singapore, and others. The main driver of the Asia Pacific market is consumer preference for carbon fiber-based car parts such as car hood, rear fender, car interiors, motorcycles, mobile phones, and laptops, as well as Hardware sports such as golf sleeves, snowshoes, snowboards, skis, and bicycles, hockey sticks, fishing rods. In addition, rapid commercial building activities to support developing economies in developing countries significantly boost the carbon fiber market.
Get Complete Report for Better Understanding
https://www.marketresearchfuture.com/reports/carbon-fiber-wrap-market-895
The North American carbon fiber market is expected to experience above-average growth with strong CAGR over the review period due to strong growth in the aerospace industry and growth in construction activities in this region. The United States is attributed to more than half of the total regional carbon fiber wrap market, due to the large defense budget and the high acceptance of the space industry. In addition, several countries in Latin America, the Middle East, and Africa are expected to experience above-average growth in terms carbon fiber wrap as a result of rising disposable income and sales of passenger cars, primarily in the United States. Brazil and Mexico, as well as institutional growth, commercial and residential construction activities in Kuwait, Saudi Arabia, Qatar, and the United Arab Emirates.
Market Players
The carbon fiber wrap market is majorly driven by some of the renowned industry players and material manufacturers. Growing adoption of the wraps in diverse has forced the the leading player such as Grafityp UK Limited, SGL Group — The Carbon Company, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Rvinyl.com, Inc., AXEVINYL, 3M, Dowis, Sika group, Metrorestyling.com, Vartega Inc., Cytec Solvay Group, Slickwraps, Inc., and TORAY INDUSTRIES, INC.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
0
