The global carbon fiber resin market is witnessing significant growth, due to the increasing demand for carbon fiber composites in end-user industries, such as wind energy, automotive, aerospace and defense, and sporting goods. Moreover, the increasing demand for fuel efficient and lightweight vehicles, and increasing use of carbon fiber in Airbus, aircrafts and Boeing are fueling the growth of the global carbon fiber resin market. Carbon fiber resins provide several beneficial properties to the carbon fiber and its composites, such as high stiffness and strength, corrosion and chemical resistance, and high viscosity; therefore, it is supporting the demand for these resins in all end-user industries. Among the various resin types of carbon fiber, the thermoset resin held the larger share in the global carbon fiber resin market in 2015, and it is anticipated to retain its dominance during the forecast period, due to its high strength and high temperature resistance. Thermoset resins find larger applications in aerospace and defense, and automotive industries, as high thermal resistance materials are required in these industries. Moreover, the automotive application segment in the global carbon fiber resin market is anticipated to witness the highest growth during 2016 – 2022, in comparison to the other application segments.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/carbon-fiber-resin-market
The growing demand in the emerging economies and increasing compliance for carbon fiber composites in Boeing are creating ample growth opportunities for the global carbon fiber resin market during the forecast period. In addition, the major players in aerospace and defense industries are collaborating with lightweight carbon fiber composites suppliers and manufacturers, and the development of new advanced carbon fiber materials is the key trend witnessed in the global carbon fiber resin market. However, high manufacturing and processing cost and recycling related issues are the key challenges hindering the growth of the global carbon fiber resin market.
Geographically, North America held the largest share in the global carbon fiber resin market in 2015, owing to the high compliance for lightweight composites and high demand of carbon fiber from aerospace and defense, marine and automotive industries. Moreover, North America is also anticipated to be the fastest growing market for carbon fiber resin during 2016 – 2022. The fastest growth in the region is also attributed to the high demand and growth from end-use industries, such as wind energy and defense. Europe became the second largest market for carbon fiber resin in 2015; whereas Asia-Pacific is anticipated to be the second fastest growing market for carbon fiber resin during the forecast period.
Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/chemicals-and-materials
The key players operating in the global carbon fiber resin market are Alpha Owens-Corning, BASF SE, Hexion Inc., Huntsman Corporation, Ashland Inc., Polynt, 3M Company, and ALIANCYS AG.
GLOBAL CARBON FIBER RESIN MARKET SEGMENTATION:
- Pre-preg (pre-impregnated)
- Non pre-preg
By Resin Type
- Thermoset Resin
- Thermoplastic Resin
- Aerospace and Defense
- Wind Energy
- Sporting Goods
- Civil Engineering
- Pipe and Tank
- Electrical and Electronics
- North America
- Rest of the World
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)