Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Carbon Fiber Wrap market is driven by a dynamic mix of multiple factors that shape its growth, predominantly more intensive demand for lightweight and high-strength materials across different industries. Carbon fibre wraps designation that includes products like carbon fiber reinforced polymers (CFRP) is unrivalled for purposes such as aircrafts, automotive industry and infrastructure.
The dynamics of the carbon fiber wraps market occur more and more to the aerospace business. Carbon fibre wraps have unsurpassed benefits, especially outstanding structural strength-weight ratio and corrosion resistance as one of the choices of quality for structures of an aircraft for the aerospace industry. The need to improve the fuel economy of an aircraft and High-grade carbon fiber wraps used for aerospace devices make it’s necessary in the Aircraft design and manufacturing process.
The market dynamics of carbon fiber are to a large extent defined by regulative standards and environmental aspects of carbon fiber Wrap production. The adoption of provincial safety and emission regulations, along with the developing attention to sustainability issues, largely determines the selection and use of carbon fiber wraps in all areas of production. The industry come to face tougher regulatory scrutiny with regard to the environmental effects of materials, directly developing biodegradable and recyclable carbon fiber solutions in order to comply with the stringent requirements.
Although cost efficiency is only one of the multiple drivers that make an impact on market dynamics within the Carbon Fiber Wrap industry, it plays a notable role. Industries need to save cost and at the same time they should not compromise with performance, and manufacturers search the way to maintain a balance between manufacture´s cost and the efficiency of their carbon fiber industries. This approach entails zeroing in on the cost factor, which eventually becomes the main priority for both producers and consumers, in as much as this drives innovation and nurtures competition in the market.
The global economy is the gardens of the current state of the Carbon Fiber Wraps market is, in turn, affected by divers factors in the world economy. Both short and medium term fluctuations in the economic factors may be used as indicator in the forecast of activities of the manufacturing industry, infrastructures and automotive sector which are involved in the carbon fiber wrapping works. Nevertheless, continued use of these coverings is seen as an incentive especially in very important applications such as in automobile manufacturing and aerospace engineering, and so from a broader scope this factor is useful in curbing down the escalating economic turbulences in the market.
Technological developments with this effect add new challenges to the industry which manufactures Carbon Fiber Wrap. Perpetual research and development crusades are what gives rise to the arrival of innovative C-Fiber formulations with admirable traits, including enhanced properties, greater flexibility, and ease of use. Technology has a great impact to the consumer’s needs and trends strive the manufacturers to compete intensely thus bringing market growth through the new and expanding sectors.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Type, End-Use Industry, Region |
Carbon Fiber Wrap Market Highlights:
Carbon Fiber Wrap Market Overview:
Carbon Fiber is composed of carbon atoms that are bonded together to form a long chain having a diameter of 5-10 µm.  The carbon atoms are bonded together in microscopic crystals that are mostly aligned parallel to the long axis of fiber. The crystal alignment makes the fiber incredibly strong for its size, which enables its several applications where high strength-weight ratio is required. Besides this, carbon fiber also shows several properties, such as excellent durability & impact resistance, high chemical resistance, low CTE (Coefficient of Thermal Expansion), X-ray transparency, low thermal and electrical conductivity, dampens sound by absorbing sound waves, and design flexibility.
Carbon Fiber Wrap is one of the form of applying Carbon Fiber. Global Carbon Fiber Wrap Market has witnessed a prospective growth in the past decade. Owing to the unique properties exhibited by carbon fiber, carbon fiber wrap has several applications in automobiles, consumer electronics, sports components, concrete structures, wind turbines, aerospace & defense, and others. Automobiles, consumer electronics, and sports components use carbon fiber wrap in the form of prepreg or sticker to modify the existing look while giving it a stylish new look. The rapid development in the sports industry has increased the demand for carbon fiber wrap, which has been a major driving factor. The automotive industry is considered the fastest growing application sector. Construction industry uses carbon fiber wraps to strengthen the concrete structure by simply wrapping the degraded parts with carbon fiber wraps by wet lay-up process. Carbon fiber wraps are a cost-effective and innovative solution for restoring the world’s infrastructure. Besides this, other end-user sectors such as wind energy, aerospace & defense, offshore are also taking advantage of the properties and design possibilities of carbon fiber wraps. However, a major restraint to the global carbon fiber wrap market is the high price of carbon fiber, and the long production cycle.
List of Key Players in the Carbon Fiber Wrap Market
- 3M
- DowAksa
- SGL Group – The Carbon Company
- Cytec Solvay Group
- AXEVINYL
- Sika group
- Metrorestyling.com
- Grafityp UK Limited
- Slickwraps, Inc.
- Rvinyl.com, Inc.
- Vartega Inc.
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- TORAY INDUSTRIES, INC.
Carbon Fiber Wrap Market-Segmentation
The global carbon fiber wrap market is segmented based on type of lay-up process, end-use industry, and region.
On the basis of the type of lay-up, the global carbon wrap market is segmented into wet carbon fiber lay-up and pre-impregnated carbon fiber lay-up
On the basis of the end-use industry, the global carbon fiber wrap market is segmented into automobile, consumer goods, construction, sports, aerospace & defense, wind energy, and others.
On the basis of the region, the global carbon fiber wrap market is segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
Global Carbon Fiber Wrap Market, by End-Use Industry 2017, (%)
Source: MRFR Analysis
Regional Analysis
The global carbon fiber wrap market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Geographically, Europe emerged as the largest market for carbon fiber wrap in 2017, followed by Asia Pacific, Middle East, and North America. In Europe, carbon fiber wrap market is estimated to have steady growth on account of robust presence of automotive manufacturers, specifically in Italy, U.K., Germany, Spain, France, and Russia. Asia Pacific is estimated to witness healthy growth over the forecast period, during 2017 to 2027. The demand for carbon fiber wraps is estimated to raise in various economies of Asia Pacific such as China, India, Japan, Taiwan, Malaysia, Thailand, Singapore, Australia, and South Korea. The major market driver in Asia Pacific is the consumer preference of carbon fiber wrap-based automobiles parts, such as car hood, rear wing, car interiors, motorcycle, laptops, and mobiles, and sporting materials, such as golf shafts, racquets, skis, snowboards, hockey sticks, fishing rods, bats, and bicycles. Furthermore, rapid commercial construction activities to support the growing economies of developing countries provide a major boost to the carbon fiber wrap market. The North America carbon fiber wrap market is projected to witness above-average growth with a healthy CAGR over the assessment period due to the strong growth of aerospace industry along with increasing commercial construction activities in this region. In North America the market is further categorized into Canada and U.S, among which, the U.S accounted for more than half of the total regional market share of carbon fiber wrap on account of large defense budget along with high adoption rate from aerospace industry. Furthermore, various countries of Latin America and the Middle East & Africa are expected to witness above-average growth in carbon fiber wrap on account of increasing disposable income and increasing in sales of passenger cars, specifically in Brazil and Mexico as well as growing institutional, commercial, and residential construction activities in Saudi Arabia, Kuwait, Qatar, and UAE.Recent DevelopmentJan 2022 - One of three projects selected in the Carbon Fibre Challenge Phase II competition organized by Alberta Innovates and the Clean Resource Innovation Network is being led by the Department of Chemical and Petroleum Engineering at the University of Calgary's Schulich School of Engineering. The three-phase competition aims to speed up the development of carbon fiber made from Alberta's abundant oil sands bitumen, a black viscous mixture of hydrocarbons obtained naturally or as a leftover from petroleum distillation. The team wants to develop high-end carbon fibers that meet industry standards for usage in body components, wheels and rims, interior finishes, and other items in the automotive and airline industries.
Intended Audience
- Carbon fiber wrap market manufacturers
- Traders and distributors of carbon fiber wrap
- Production process industries
- Potential Investors
- Raw material suppliers
- Nationalized laboratoryÂ
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
