Carrollton, Texas (PressExposure) September 13, 2011 -- The global carbon fiber market has experienced significant growth over the last five years and is expected to continue its growth momentum and reach approximately US $2.8 billion by 2016 with a CAGR of 12% over the next five years.
Lucintel, a leading global management consulting and market research firm with thousands of clients, analyzes the global carbon fiber market and presents all findings in "Growth Opportunities in the Global Carbon Fiber Market 2011-2016" report.
Lucintel's research indicates great demand for carbon fiber driven by new commercial aircraft such as the Boeing 787, Airbus A380, and A350 XWB; weight reductions in automobiles for greater performance and fuel efficiency; and growing use of carbon fiber in wind energy and offshore oil and gas development.
The global carbon fiber market's anticipated double-digit growth through 2016 will be led by industrial and aerospace markets; however, the sporting goods market is likely to witness the lowest growth of 3.0%. The industrial market will be driven by wind energy, CNG tanks, civil structures, transportation, and various compound applications in the electrical and electronics industry. Carbon fibers prices expected to remain same because of supply demand stability over the next five years, however; greater competition from offshore suppliers such as from China and India, may ultimately drive down the cost of end products.
Research by Lucintel indicates brand loyalty will wane as industry fundamentals move toward a low-cost-to-serve model and new carbon fiber suppliers from several developing regions emerge.
The report provides trend scenarios during 2005-2010 and forecast statistics for 2011-2016; details the industry's drivers and challenges; compares properties and prices; and highlights major carbon fiber suppliers. The report also describes the manufacturing process of carbon fiber, and more.
Additionally, another new Lucintel research report, "Worldwide Carbon Fiber Competitive Analysis and Leadership Study, 2011" examines and profiles seven of the world's leading carbon fiber producers. This report offers a full competitive analysis from target markets to product mapping, and from selling strategy to production capabilities.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. To learn more, visit http://www.lucintel.com.