According to a new report titled, ‘Advanced Structural Carbon Products: Fibers, Foams and Composites,’ available from BCC Research, the structural carbon materials market value in the US reached $2.1 billion in 2011, and the value will be $2.8 billion in 2016, when it grows at a CAGR of 6.3%.
"U.S. MARKET FOR STRUCTURAL CARBON MATERIALS BY USER SEGMENT, 2010 - 2016 ($ MILLIONS)"
The report breaks the structural carbon market in the US into seven sectors: infrastructure, sporting goods, automotive and other ground transport, aerospace and defense, energy, industrial applications, and others.
The aerospace and defense segment is the major segment of the US structural carbon market with a value of roughly $1.1 billion in 2011. This segment is predicted to reach $1.5 billion by 2016 at a CAGR of 6%. The industrial applications segment is estimated to achieve $586 million in 2016 from the 2011 value of $434 million at a CAGR of 6.2%.
The energy segment’s market value in 2011 was $311 million, and the value will grow at a CAGR of 8.2% to achieve approximately $461 million by 2016. The market value of the automotive and other ground transportation segment was nearly $100 million in 2011, and is anticipated to be roughly $127 million, when it grows at a CAGR of 4.9%.
The sporting goods segment will reach $64 million by 2016 from $61 million in 2011, when it increases at a CAGR of 0.8%. In 2011, the infrastructure segment reached a value of $12 million, and is expected to be $18 million by 2016, at a CAGR of 8.8%. The other structural carbon materials segment was valued at $57 million in 2011, and that value will grow at a CAGR of 11.1% to reach $97 million in 2016.
The structural carbon materials industry supplies several products to meet the needs of various applications of mature markets, including aerospace and defense. Technical advancements and works continue for the production of structural carbon technologies for novel applications, which in turn show the way to a new market development. This report discusses the market drivers of the structural carbons industry over the coming five years.