Carbon Fiber Resin Market Report

The global Carbon Fiber Resin market is expected to benefit from surge in the demand for high performance composites from the end-use industries such as aerospace, defense, sporting goods, wind energy, and automotive. It has been observed that manufacturers are making significant investments in the development of advanced Carbon Fiber Resins to meet the requirements of the end users.

The Carbon Fiber Resin market has been undergoing novel product launches since past few years. For instance, Huntsman Advanced Materials has lately added four new products to its evolving portfolio of high-performance adhesives and composites systems. They include EPOCAST 1648, EPOCAST 1649-1, ARALDITE 2050, and ARALDITE 2051.

Manufacturers to Launch New Resin Systems to Enhance the Productivity

Huntsman Corporation, BASF SE, Polynt S.P.A., 3M Company, Ashland Inc., Olin Corporation, Hexion Inc., Aliancys AG, Alpha Owens-Corning, and Kukdo Chemical Co. Ltd. are some of the major players studied in this report. Manufacturers are taking up various strategic initiatives such as product innovation, partnerships, capacity expansion, research and development, and collaborations to increase their market share.

For instance, Huntsman Corporation, a key manufacturer, has introduced a new RIMLINE® HC+ PU resin system that provides significant benefits for the automotive interior vehicle design as well as efficiency. Good adhesion profile and high resistance to temperature are some of the key features of this system.

High Demand for Lightweight Composite Components to Emerge as a Key Driver in the Market

Demand for lightweight and strong composite components is on the rise among the end-user industries, thereby supporting the growth of the Carbon Fiber Resin market. Aerospace and automobile industries are the major contributors to the overall market growth. Benefits such as lightweight, high strength, chemical and corrosion resistance, electrical conductivity, and stiffness associated with Carbon Fiber Resins may create robust demand in the near future.

Market Segmentation

By Resin Type

●  Thermoset

●  Thermoplastic

By Raw Material

●  Polyacrylonitrile [PAN]

●  Pitch

By Application

●  Aerospace & Defense

●  Wind Energy

●  Automotive

●  Sports Equipment

●  Electrical & Electronics

●  Marine

●  Construction

The market analysts have predicted that application of Carbon Fiber Resin is expected to increase in the aerospace and defense industry for the manufacturing of aerospace exterior and interior parts owing to its lightweight. The automotive industry is expected to emerge as a key end-user industry in the years to come. Thermoset resin type is expected to gain traction in the end-user industries due to its high strength and resistance to high temperature. Detailed analysis of the contribution of the raw materials to the market size is also mapped in this report.

By Region

Strong presence of leading players is offering growth opportunities for the Carbon Fiber Resin market in North America. In addition, the aerospace & defense industry is increasingly demanding high performance resins, which could support the growth of the Carbon Fiber Resin market in this region. Asia Pacific may witness considerable growth in the forthcoming years on account of increasing investment in the aviation industry. Countries such as China and India are the major contributors to the regional market growth. Europe may emerge as a lucrative regional market in the coming years.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.