Industry Analysis & Industry Trends
Demand for the industry has been volatile in the past five years as downstream customers reduced production and required less carbon fiber. As the economy began to recover, demand from end-users like aircraft and automobile manufacturers increased, boosting demand for industry products. In the next five years, revenue is anticipated to rise as downstream manufacturing industries expand production and the federal government increases funding for carbon fiber and graphene research.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2018, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to outpace US GDP growth. IVA is forecast to grow at an average annual rate of 7.9% over the period, compared with average GDP growth of 1.8% per year. This contrast indicates that the industry is in the growth stage of its life cycle. The industry is relatively young; although carbon fiber has existed since the late 19th century, graphene was discovered in 2004. Additionally, carbon fiber has become increasingly used by downstream manufacturers as its price has decreased over the past decade.
New developments within the carbon fiber and graphene segments are further supporting industry growth... purchase to read more