Lucintel forecasts that aerospace/defense is expected to remain the largest segment by both value and volume. The aerospace/defense segment is expected to witness the highest growth during the forecast period supported by growing export of composite components in advanced aircraft designs. #SouthAfricaCarbonCompositesMarket, #CarbonCompositesMarket, #CompositesMarket, #CarbonMarket

1. South Africa Carbon Composites Report 2018-
2023: Trends, Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by End Use
Industry
Aerospace/defense, transportation, and others
Top Companies Name
Toray Industries Inc., Gurit, SEARTEX GmbH & Co. KG., TenCate
Advanced Composites, Hexcel Corporation, SGL Carbon Group, and Teijin
others.
Trend Growth Rate and CAGR 2.7%
Key Industry Forecast
The carbon composites in South Africa is forecast to grow at a CAGR of
2.7% from 2018 to 2023.
Key Industry Driver
Driver: Fuselage components, helicopter rotor blade, car & bike wheels,
fuel tanks made with carbon composites in South Africa.
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3. Industry Overview
Market Size
• The carbon composites in South Africa is
forecast to grow at a CAGR of 2.7% from
2018 to 2023.
• In this South Africa carbon composites market,
aerospace/defense, transportation, sporting
goods, and marine are the major end use
industries.
CAGR (2018-23) 2.7%
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Industry Performance : Forecast