December 18, 2018
WELLESLEY, Mass., Dec 18, 2018 –Softening prices and the specter of price fixing are two factors influencing the American advanced structural carbon products market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 6.4% through 2023, when it is expected to reach nearly $3.9 billion, according to the report “The U.S. Market for Advanced Structural Carbon Products: Fibers, Foams and Composites.”
Major players in the market mentioned in this report include Honeywell (HON), Toray (TRYIF), Touchstone, Goodrich, Hexcel (HXL), Cytec, Aerospace Composite Products, Boeing (BA), Fiber Materials, General Motors (GM) and Morgan Advanced Materials (MGAM).
“The structural carbon materials industry serves mature markets such as defense and aerospace, with a wide variety of products satisfying the requirements of well-established applications,” the report notes. “However, continuous technical innovations and efforts to make structural carbon technologies available for new applications, at affordable prices, are leading to the development of new markets. Corporations in the structural carbons industry need to understand the significance of these trends to manage their enterprise and resources effectively.”
Market Opportunities Include Wind Energy, Emerging Structural Materials
The market has several exciting prospects on the horizon, according to the report. The chief prospect is the U.S. government’s backing of wind energy generation, which relies heavily on structural carbons. Increasing levels of penetration by structural carbons into sectors such as wind energy turbines and civil construction will boost consumption significantly. Meanwhile, emerging structural materials such as carbon foams will allow the market to expand the scope of its commercial applications in the future.
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The U.S. Market for Advanced Structural Carbon Products: Fibers, Foams and Composites( AVM038G )
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