Press release
Carbon Composites Market Report 2024 - Carbon Composites Market Size And Analysis
Carbon Composites Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18985&type=smp
According to The Business Research Company's, The carbon composites market size has grown strongly in recent years. It will grow from $19.27 billion in 2023 to $20.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to regulatory and standards development, government regulations, sports equipment evolution, infrastructure and construction, and the rise of electric vehicles.
The carbon composites market size is expected to see strong growth in the next few years. It will grow to $27.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand for high-performance materials, increasing consumer electronics, increasing awareness of sustainability and lifecycle impacts, increasing new aerospace programs, and increasing automotive safety standards. Major trends in the forecast period include expansion into 3D printing, topology optimization, greater integration of AI and machine learning, green chemistry and biocomposites, and in-situ curing and manufacturing.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/carbon-composites-global-market-report
Market Drivers and Trends:
The expansion of the automotive industry is expected to propel the growth of the carbon composites market going forward. The automotive industry refers to the economy sector that designs, develops, manufactures, and sells motor vehicles. The expansion of the automotive industry is due to increasing global demand for personal mobility and significant advancements in electric vehicle (EV) technologies. Carbon composites help the automotive reduce vehicle weight, which improves fuel efficiency, accelerates performance, and reduces emissions while maintaining high strength and durability. For instance, in February 2024, according to the Society of Motor Manufacturers and Traders, a UK-based trade association, the British car manufacturing output surged by 21.0% to 82,997 units in January 2024, with export volumes rising 11.6% and electrified vehicle production increasing by 4.5% to 29,590 units. Therefore, the expansion of the automotive industry is driving the growth of the carbon composites market.
Major companies operating in the carbon composites market are focusing on developing advanced materials, such as carbon fiber-based heat-resistant ceramic matrix composites, to enhance performance and durability in extreme environments. Carbon fiber-based heat-resistant ceramic matrix composites (CMCs) are advanced materials designed to combine carbon fibers' high strength and stiffness with the thermal and chemical stability of ceramic matrices. For instance, in February 2024, Mitsubishi Chemical Group, a Japan-based chemical corporation, launched a high heat-resistant ceramic matrix composite (CMC) that can withstand temperatures up to 1,500 °C, utilizing pitch-based carbon fibers instead of traditional ceramic fibers. This innovative material maintains its strength after prolonged exposure to extreme heat, making it suitable for aerospace applications, particularly in reusable space transportation systems.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Northrop Grumman Corporation, Mitsubishi Chemical Holdings Corporation, 3M Company, Toray Industries Inc., Solvay S.A., Teijin Limited, GKN Aerospace Services Limited, Zhongfu Shenying Carbon Fiber Co Ltd., Epsilon Composite SAS, Hexcel Corporation, TPI Composites Inc., Freudenberg Performance Materials, Mersen S.A., Kordsa Global, SGL Carbon SE, Rockman Industries Limited, Hexagon Composites, SAERTEX GmbH and Co. KG, Mubea Fahrwerksfedern GmbH, CFC Carbon Co Ltd., Toyo Tanso Co Ltd., Advanced Composites Inc., Dowaksa Advanced Composites, China Composites Group Corporation Ltd., Carbon Composites Inc.
Carbon Composites Market 2024 Key Insights:
• The carbon composites market size is expected to see strong growth in the next few years. It will grow to $27.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Increasing Expansion Of The Automotive Industry Is Driving The Growth Of The Carbon Composites Market.
• Advancements In Carbon Composites Enhanced Market Growth
• Asia-Pacific was the largest region in the carbon composites market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=18985&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Carbon Composites Market Report 2024 - Carbon Composites Market Size And Analysis here
News-ID: 3722371 • Views: …
More Releases from The Business research company
Analysis of Segmentation, Market Dynamics, and Competitive Landscape in the Robo …
The robotic arm technology designed for space applications is rapidly advancing, driven by increasing demand for sophisticated operations beyond Earth's atmosphere. As space missions become more complex, the need for precise, autonomous robotic arms is growing, opening new avenues for satellite servicing, construction, and maintenance in orbit. Here's an in-depth look at the market size, key players, emerging trends, and segmentations shaping the future of robotic arms for space.
Robotic Arm…
Leading Companies Advancing Innovation and Growth in the Reusable Rocket Market
The reusable rocket market is gaining remarkable momentum as innovations and growing commercial interest drive its expansion. With increasing adoption by satellite operators and advances in technology, this sector is set to experience substantial growth by 2030. Let's explore the current market size, key players, emerging trends, and how the industry is shaping up for the future.
Projected Market Growth for Reusable Rockets by 2030
The reusable rocket market is anticipated…
Analysis of Segments and Major Growth Areas in the Rapid Prototyping Market for …
The aerospace and defense sectors are increasingly relying on rapid prototyping technologies to accelerate innovation and improve efficiency. This market is gaining momentum, driven by advancements in manufacturing methods and growing demands for high-precision components. Let's explore the current market valuation, key players, emerging trends, and major segments shaping the rapid prototyping industry within aerospace and defense.
Projected Market Growth and Size in Rapid Prototyping for Aerospace and Defense
The rapid…
Key Strategic Developments and Emerging Changes Shaping the Radar System Market …
The radar system market is on track for significant expansion as it adapts to technological advances and growing demand across various sectors. With the increasing integration of cutting-edge radar solutions in both commercial and defense applications, this industry is poised for notable growth through 2030. Let's explore the current market size, key drivers, major players, emerging trends, and segment dynamics shaping this evolving field.
Projected Growth and Market Size Outlook for…
More Releases for Composite
Composite Veneering System Market Advanced Composite Technologies Through 2034
Rising Preference for Natural-Looking Dental Restorations and High-Performance Veneering Materials Accelerates Global Adoption
Pune, India - Exactitude Consultancy - The Global Composite Veneering System Market is expanding rapidly as dental professionals increasingly choose advanced composite-based veneering materials over traditional porcelain veneers. Composite veneering systems-known for their durability, aesthetics, cost-effectiveness, and minimally invasive application-have become essential in cosmetic dentistry for smile corrections, restorative enhancements, and chairside veneer fabrication.
Teaser / Snippet
Composite veneering systems…
Composite Rebar Market
The "Composite Rebar Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Composite Rebar Market, 2024-2031
Verified Market Research's most recent report, "Composite Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Construction Composite Market: Building for the Future with Advanced Composite M …
Coherent Market Insights added the statistic report, titled "Construction Composite Market Recent Trends, In-depth Analysis, Size and Forecast 2023-2030". The Construction Composite report includes an overview of the competitive landscape, geographic segmentation, innovation, and future developments, as well as a collection of tables and data. An examination of the competitive landscape reveals information about each vendor, including company profile, total revenue (financials), market potential, global presence, revenue, market share, pricing,…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix…
