Carbon Fibre Composites Market Trend to 2024 Profiling SGL, Toray+Zoltek, Toho, Rock West Comp., MRC, Solvay

Carbon Fibre Composites Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Poland, Spain, China, Japan, India, South Korea, Australia, Taiwan and etc,), Application Development status, Price Trend, Competitive Market Share & Forecast, 2017 – 2024.

Global carbon fiber composites market share is expected to exceed 290 kilo tons till 2024. Strong product outlook from aerospace and defense sector owing to its light weight and superior strength will drive industry growth during the forecast timeframe. Increasing demand for products improving the overall fuel efficiency of the aircraft will further support the industry demand. Carbon Fiber Composites Market is estimated to surpass USD 31 billion by 2024; according to a new research report.

Request a Sample Copy of Global Carbon Fibre Composites Market Research Report @ https://www.marketstudyreport.com/request-a-sample/701832/?utm_source=OPR&utm_medium=SP

Increasing penetration in various end-use industries such as automotive, wind turbines, sports & leisure, construction and marine will contribute significantly towards the business growth. Recycling issues faced by the manufacturer along with supply chain management may hamper the carbon fiber composites market. Producers are focusing on improving their distribution to suffice its increasing demand.

Key players such as Boeing and Airbus are utilizing composite at over 50% by aircraft weight for their recent commercial aircrafts. Reducing price of the commodity will further increase its penetration in mid-range passenger cars. Higher durability along with enhanced strength will replace the traditional materials with these composites.

Strong application outlook of ceramic segment from construction industry will drive the product demand. Superior wear and tear resistance along with excellent thermal stability are the major factors positively influencing the product penetration.

Polymer matrix material is expected to hold major volume share of around 60% by 2024. Low processing time along with good formability of the product are the key properties propelling the carbon fiber composites market from 2017 to 2024. Additionally, extended shelf life offers bulk buying that will further support the industry.

Aerospace and defense sector dominate the industry, contributing over 30% volume share in 2016. The sector requires superior quality product owing to the need of enhanced properties such as high strength to weight ratio and temperature resistance.

North America carbon fiber composites market is expected to contribute over 35% by 2024 owing to strong presence of major aerospace manufacturers in the region. Moreover, replacing conventional aircraft with efficient light weight aircrafts will support the industry growth.

Automotive industry is expected to account for considerable volume share and will exhibit highest growth at over 13% till 2024. Rising usage of the components offering superior strength along with light weight will support the carbon fiber composites market growth.

Europe will witness significant growth during the forecast timeframe owing to strong demand from automotive sector. Stringent government regulations towards usage of lightweight materials in the vehicles that improves efficiency by reducing fuel consumption will support the growth.

Asia pacific carbon fiber composites market is anticipated to witness highest growth at over 12% up to 2024. Presence of major manufacturers in the region particularly in China, Japan, South Korea and Taiwan will positively influence the revenue generation. Further, propelling end use industries including automotive and aerospace will further drive the demand.

SGL, Toray+Zoltek, Toho, Rock West Comp., MRC and Solvay are among the few major players in the carbon fiber composites market. Other key manufactures include Hexcel, Aksa, Hyongsung, Zhongu-Shenying, Hengshen Fib. Mat. and Sonstige. Manufacturers are focusing on enhancing the production capacity to cope up with the escalation demand.

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/carbon-fibre-composites-market/?utm_source=OPR-SP

Mergers and acquisitions is the key strategy adopted by the carbon fiber composites manufacturers that offers them a competitive edge. For instance, in March 2014, Toray acquired Zoltek to achieve a leading position in the market. Moreover, price reduction is another move adopted by producers to penetrate in various end-use industry.

Data Tables
TABLE 1 Global carbon fiber composites market 360º synopsis, 2013 - 2024
TABLE 2 Global carbon fiber composites market, 2013 - 2016, (kilo tons)
TABLE 3 Global carbon fiber composites market, 2017 - 2024, (kilo tons)
TABLE 4 Global carbon fiber composites market, 2013 - 2016, (USD Million)
TABLE 5 Global carbon fiber composites market, 2017 - 2024, (USD Million)
TABLE 6 Global carbon fiber composites market estimates by region, 2013 - 2016 (kilo tons)
TABLE 7 Global carbon fiber composites market estimates by region, 2017 - 2024 (kilo tons)
TABLE 8 Global carbon fiber composites market estimates by region, 2013 - 2016 (USD Million)
TABLE 9 Global carbon fiber composites market estimates by region, 2017 - 2024 (USD Million)
TABLE 10 Global carbon fiber composites market estimates by end-use, 2013 - 2016 (kilo tons)
TABLE 11 Global carbon fiber composites market estimates by end-use, 2017 - 2024 (kilo tons)
TABLE 12 Global carbon fiber composites market estimates by end-use, 2013 - 2016 (USD Million)
TABLE 13 Global carbon fiber composites market estimates by end-use, 2017 - 2024 (USD Million)
TABLE 14 Global carbon fiber composites market estimates by matrix material, 2013 - 2016 (kilo tons)
TABLE 15 Global carbon fiber composites market estimates by matrix material, 2017 - 2024 (kilo tons)
TABLE 16 Global carbon fiber composites market estimates by matrix material, 2013 - 2016 (USD Million)
TABLE 17 Global carbon fiber composites market estimates by matrix material, 2017 - 2024 (USD Million)

Order a copy of this premium research report @ https://www.marketstudyreport.com/securecheckout/paymenta/701832?msfpaycode=sumsf?utm_source=OPR&utm_medium=SP

Related Reports: -
Global and Chinese Production chemicals Industry, 2018 Market Research Report
The 'Global and Chinese Production chemicals Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Production chemicals industry with a focus on the Chinese market. The report provides key statistics on the market status of the Production chemicals manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
https://www.marketstudyreport.com/reports/global-and-chinese-production-chemicals-industry-2018-market-research-report/?utm_source=RR-SP

More Report @ https://factsweek.com/author/chetan/

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
News:https://www.marketstudyreport.com/category/news-releases/
More Report at:http://reports.algosonline.com/

This release was published on openPR.