Increasing Use in the Construction Industry to Positively Impact Carbon Fiber Wrap Market Growth
Description :
Carbon Fiber Wrap Market Information: By Type of Lay-Up (Wet
Lay-Up and Pre-Impregnated Lay-Up), End-Use Industry (Automotive, Consumer
Goods, Construction, Sports, Aerospace & Defense, Wind Energy), and Region-
Global Forecast To 2030
Keywords:
Carbon Fiber Wrap Market industry ,
Carbon Fiber Wrap Market , Global Carbon Fiber Wrap industry , Carbon Fiber Wrap Industry value, Carbon
Fiber Wrap Industry segment
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Report
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Market
Analysis:
The global carbon fiber wrap
market is likely to grow at a 12.5% CAGR between 2017- 2030, reveals the new
Market Research Future (MRFR) report. Carbon fiber wrap is an innovative and
cost-effective solution to improve aesthetics and restore & strengthen the
world’s infrastructure. It offers multiple benefits such as thermal
compatibility, corrosion resistance, and high strength with low weight. The
best part is flexible wraps can be made to any shape, it has a low total cost,
minimal noise, and disruption during installation or preparation, does not need
heavy equipment and welding, faster repair compared to other alternatives, and
excellent fatigue behavior.
Various factors are adding to the
global carbon fiber wrap market growth. These factors, as stated by the new
MRFR report, include rapid development of the sports industry, and increasing
use in the construction industry as well as offshore, aerospace and defense,
and wind energy. Owing to its unique characteristics such as low thermal &
electrical conductivity, X-ray transparency, low coefficient of thermal
expansion (CTE), high chemical resistance, durability & impact resistance,
carbon fiber wrap has wide applications in concrete structures, sports
components, consumer electronics, automobiles and others which again are adding
market growth.
On the contrary, the long-time of production
cycle and high cost of carbon fiber are factors that may limit the carbon fiber
wrap market growth over the forecast period.
Market
Segmentation
The Market Research Future Report
provides an inclusive segmental analysis of the global carbon fiber wrap market
based on end use industry and type of lay-up.
By type of lay-up, the carbon
fiber wrap market is segmented into pre-impregnated carbon fiber lay-up and wet
carbon fiber lay-up.
By end use industry, the carbon
fiber wrap market is segmented into wind energy, sports, aerospace and defense,
construction, consumer goods, automobile, and others. Of these, the automobile
industry will have a major share in the market over the forecast period.
Regional
Analysis
By region, the global carbon fiber
wrap market report covers the growth opportunities and recent trends across
Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle
East and Africa (MEA). Of these, Europe is likely to lead the market over the
forecast period for the presence of top automotive manufacturers in Russia,
France, Spain, Germany, and the UK.
The carbon fiber wrap market in
the APAC region is predicted to have healthy growth over the forecast period
for its growing demand in the region’s various economies such as South Korea,
Thailand Australia, Singapore, Malaysia, Taiwan, Japan, India, and China.
Besides, preference of consumers for automobile parts that is carbon fiber
wrap-based such as mobiles, laptops, motorcycle, car interiors, rear wing, car
hood, and sporting materials like bicycles, bats, hockey sticks,fishing rods, ,
snowboards, skis, racquets, and golf shafts, and rapid commercial construction
activities for supporting the developing countries growing economies are also
adding market growth.
The carbon fiber wrap market in
North America is predicted to have healthy growth over the forecast period for
rising commercial construction activities and the rapidly growing aerospace
industry. The US is the key contributor in the region for increasing adoption
rate from the aerospace industry and large defense budget.
The carbon fiber wrap market in
Latin America and the MEA is predicted to have stable growth over the forecast
period for growing residential, commercial, and institutional construction
activities in the UAE, Qatar, Kuwait, and Saudi Arabia, rising sales of
passenger cars in Mexico and Brazil, and increasing disposable income.
Key Players
Notable players profiled in the
carbon fiber wrap market report include TORAY INDUSTRIES, INC., Mitsubishi
Chemical Carbon Fiber and Composites, Inc., Vartega Inc., Rvinyl.com, Inc.,
Slickwraps, Inc., Grafityp UK Limited, Metrorestyling.com, Sika Group,
AXEVINYL, Cytec Solvay Group, SGL Group – The Carbon Company, DowAksa, and
3M.
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