The global composites market size is projected to grow at a CAGR of 6.3% between 2019 and 2026.
New York, United States – June 30, 2020 /MarketersMedia/ —
Carbon fiber is fibers about 5-10 microns in diameter and consists mainly of carbon atoms. With high stiffness, high tensile strength, low weight, high chemical resistance, high-temperature tolerance, low thermal expansion, and other advantages. Carbon fibers are mostly combined with other materials to form carbon fiber composite (CFC). These features have increased the need for carbon fiber in aerospace, civil engineering, military, and sports. Rising demand for overall weight reduction is a major driver of the carbon fiber composites market. However, they are relatively expensive compared to similar fibers like glass fiber or plastic fiber, but they have great potential for productivity, effectiveness, efficiency, and availability in terms of benefits and functions.
Due to its lightweight and strength, the aerospace and defense industry’s strong product prospects will drive the industry’s growth during the forecast period. Increasing demand for products improving the overall fuel efficiency of the aircraft will further support the industry demand. Major companies such as Boeing and Airbus use composite material for more than 50% of the weight of their commercial aircraft. Falling commodity prices will further increase the penetration of mid-range passenger cars. Greater durability and enhanced strength will supersede traditional materials. To build the IT infrastructure throughout the nation and to achieve efficient network connectivity reliability this depends on carbon fiber composites, and perhaps the key driving factor for the carbon fiber composites market. Carbon fibers are also in great demand in the automobile industry owing to their lightweight and strength; therefore, the demand for carbon fiber composite is expected to increase significantly in the near future.
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The Major Players Profiled in This Report Include:
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each type, primarily split into:
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Other Fiber Composites
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each application/end users, primarily divided into:
Aerospace & defense
Construction & Infrastructure
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With ongoing research and development activities in the U.S. aerospace and defense industries, the Carbon Fiber Composites industry demand is expected to grow significantly in the coming years. Europe will achieve significant growth during the forecast period due to strong demand in the automotive industry. This growth is supported by the government’s strict regulations governing the use of lightweight materials in vehicles, which will increase efficiency by reducing fuel consumption.
Growth in the Asia-Pacific region is expected to exceed 12%. Substantial growth in the automotive industry throughout the region, coupled with significant investment in the aviation industry, will drive growth in the region. These investments will provide high growth prospects for the carbon fiber composites market until 2026.
Carbon Fiber Composites Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Carbon Fiber Composites Market by Types
Chapter 4 Segmentation of Carbon Fiber Composites Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Carbon Fiber Composites Market in Major Countries
Chapter 7 North America Carbon Fiber Composites Landscape Analysis
Chapter 8 Europe Carbon Fiber Composites Landscape Analysis
Chapter 9 Asia Pacific Carbon Fiber Composites Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Carbon Fiber Composites Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 Toray Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Teijin Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3.1 MRC Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered in This Report:
Which Trends Are Causing These Developments?
Who Are the Global Key Players in Carbon Fiber Composites Market? What’ s Their Company Profile, Their Product Information, Contact Information?
What Was Global Market Status of Carbon Fiber Composites Market? What Was Capacity, Production Value, Cost, and PROFIT of Carbon Fiber Composites Market?
What’s Market Analysis of Carbon Fiber Composites Market by Taking Applications and Types in Consideration?
What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What About Import and Export?
What Is Carbon Fiber Composites Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact on Carbon Fiber Composites Market? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
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