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2013 Global demand for CF by application (in thousand tons) (Source: Rest of World, including Asia Pacific is expected
http://www.materialstoday.com/carbon-fiber/features/carbon-fibre-reinforced- to witness the highest growth over the forecast
period due to the anticipated growth in the end-
plastics-market-continues/) use industries and increasing focus on high per-
formance composite materials. Expanding mar-
Within global carbon fiber market, industrial ap- kets will be based on innovation and new prod-
plications are expected to remain as the largest uct development, where the unique character-
market by volume consumption. Growing de- istics of carbon fiber can be capitalized. Ex-
mand of lightweight materials in the automo- pected is also the development of partnerships
tive industry and increased wind turbine blade between producers and customers to create
length is expected to spur growth for this seg- win-win situations and development of high
ment over the forecast period. Based on precur- performance products for the end-use indus-
sors type, the carbon fiber market can be seg- tries. Toho Tenax, Toray, SGL, Cytec, Hexcel,
mented into two types, i.e. PAN (polyacryloni- Mitsubishi Rayon are among the major suppli-
trile)-based and pitch-based. Pan-based carbon ers of the carbon fiber.
fiber usage is higher by value and volume be-
cause of its lower cost than pitch-based. North The purpose of market overview is to raise
America is expected to remain the largest mar- awareness on the project external environment
ket due to growth in end-use industries and in- in order to be ready to maximize the commer-
creasing demand of lightweight materials in the cialisation of results in a post-project phase.
aerospace and automotive industries. That is to define proactive strategies in order to
protect, share, manage, and ensure the
Size of the bubble describes CFRP Market size in 2020 (SOURCE: http://www.ad- knowledge and IPR exploitation. This study is
hesivesmag.com/articles/94350-market-trends-lightening-up-with-carbon-fiber- based mainly on industrial reports.
The structure of carbon fibres and its depend-
reinforced-plastics) ence on the precursor material gives an under-
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