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Carbon Fiber Composites Market by Resin, Metal, Aerospace, Industrial Materials and Ceramics Applications for 2024 - Emerging Trends, Industry Forecast, Segmentation and Top Technologies
Carbon Fiber Composites Market
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Carbon fibre composites market from aerospace industry is expected to account for largest share to 2024. Growth in military and commercial aerospace sector will primarily drive the segment size. High carbon fibre demand from commercial aircrafts can be attributed to increased flight affordability, which has led to growth in air passenger traffic worldwide. This rise in passenger traffic will further support the segment dominance over the next eight years.
Summary
Key Content of Chapters (Including and can be customized)
Part 1: Market Overview, Development, and Segment by Type, Application & Region
Part 2: Global Market by company, Type, Application & Geography
Part 3-4: Asia-Pacific Market by company, Type, Application & Geography
Part 5-6: Europe Market by company, Type, Application & Geography
Part 7-8: North America Market by company, Type, Application & Geography
Part 9-10: South America Market by company, Type, Application & Geography
Part 11-12: Middle East & Africa Market by company, Type, Application & Geography
Part 13: Company information, Sales, Cost, Margin etc.
Part 14: Conclusion
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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. The sector requires superior quality product owing to the need of enhanced properties such as high strength to weight ratio and temperature resistance.
Market by Type
- Carbon Fiber-Resin Composite
- Carbon Fiber-Metal Composite
- Carbon Fiber-Ceramics Composite
Market by Application
- Aerospace
- Sports/Leisure
- Industrial Materials
Asia pacific carbon fiber composites market is anticipated to witness highest growth to 2024. Presence of major manufacturers in the region particularly in China, Japan, South Korea and Taiwan will positively influence the revenue generation. Global advanced polymer composites market size is primarily driven by increasing product demand from the aerospace industry. Superior mechanical properties such as stiffness, strength, abrasion resistance and excellent fatigue, of the product make it suitable to find applications in the aerospace industry.
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Composites are most widely used as a replacement for steel on account of their higher strength to weight ratio. Presently, a substantial number of vehicles use conventional fuel technologies such as petrol and diesel. This has led to a rise in demand for fuel-efficient vehicles. Increasing environmental concerns and stringent regulations regarding pollution control have forced automotive manufacturers to use advanced technologies and develop vehicles to reduce pollution.
Key Companies
- Toray
- Teijin
- MRC
- Zoltek
- Mitsubishi Rayon
- Formosa Plastics
- SGL Group
- Toho Tenax
North America carbon fibre composites market size is anticipated to continue its dominance till 2024. Established aerospace industry has led to increased aircraft deliveries across the region, fostering the industry growth. Presence of established aerospace industry leaders in the U.S. will further support the region’s dominance. With continuous R&D activities in aerospace & defence sector in the U.S., the industry demand is expected to showcase tremendous increase over the coming years.
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