Trends, opportunities and forecast to 2023 by end use industry (aerospace/defense, transportation, and others)
According to a new market report published by Lucintel, the future of the South Africa carbon composites market looks good with opportunities in aerospace/defense, transportation, and other industries. The end product market such as fuselage components, helicopter rotor blade, car & bike wheels, fuel tanks made with carbon composites in South Africa is forecast to grow at a CAGR of 2.7% from 2018 to 2023.
Browse 44 market data Tables and 56 Figures spread through 115 Pages and in-depth TOC on "South African Carbon Composites Market" www.lucintel.com/south-africa-carb…sites-market.aspx
In this market, aerospace/defense, transportation, sporting goods, and marine are the major end use industries. Lucintel forecasts that aerospace/defense is expected to remain the largest segment by both value and volume.
The aerospace/defense segment is expected to witness the highest growth during the forecast period supported by growing export of composite components in advanced aircraft designs.
Carbon fiber market includes both forms of material which are consumed directly as well as intermediate materials. Prepreg and fabric are the leading forms of carbon fiber intermediate materials.
In terms of material, carbon fiber prepreg is expected to remain the largest segment due to its growing application area in aerospace/defense.
In South Africa, small tow carbon fiber holds the major share by volume and is expected to witness the highest growth over the forecast period.
Some of the strategic initiatives adopted for the growth of carbon composites market in South Africa are developing alliances across the supply chain, and creating an attractive business environment for global corporate investment. Toray Industries Inc., Gurit, SEARTEX GmbH & Co.
KG., TenCate Advanced Composites, Hexcel Corporation, SGL Carbon Group, and Teijin are among the major suppliers of carbon fiber, fabric, and prepreg in South Africa.
The study includes a forecast for the South Africa carbon composites market, as follows:
Carbon composites end product Market by End Use Industry [Value ($M)] shipment analysis for 2012 – 2023]:
Carbon fiber prepreg market by End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:
Carbon fiber fabric market by End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]:
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