Carbon Fiber Market Expected to Reach US$3.73 billion by 2020 2014 to 2020 | Page 3

Carbon Fiber Market

carbon fiber market are; wind energy, defense industries, automotive industry and sporting goods, due to the rise in demand.

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Geographically, carbon fiber market is divided into North America, Europe, Asia Pacific, and Rest of the World( RoW). In

Europe the automotive, aerospace, defense, and wind energy segments have witnessed growing demands and these factors are expected to drive the market. Europe carbon fiber market share was 37 % in 2013. Emerging nations in Asia Pacific region have indicated rise in demand for carbon fiber composites especially China and India. This region is projected as the fastest growing market over the next few years. Due to slow economic recovery, North America is a steadily growing market for carbon fiber. Rest of the World( RoW) geographical segment is expected to register substantial growth over the next few years due to carbon fiber demand in countries in the Middle East and Latin America.

Market opportunities for carbon fiber are elaborated as the expanding demand for durable and lightweight carbon fiber constituents in end-user industries such as construction and automotive industries. Market constraints for carbon fiber are high costs and recycling problems that could hinder market growth over the next few years. The market research report lists the major players for carbon fiber in the report. Among these are Hexcel Corporation, Teijin Ltd, Cytec Industries, Mitsubishi Rayon Co., Ltd, and Toray Industries.

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TABLE OF CONTENT

Chapter 1 Preface 1.1 Report description

1.2 Market segmentation 1.2.1 Global carbon fiber market segmentation, product segment, end-user, and region

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