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
Market Trend Insights: The Impact of Emerging Developments on the Insurance Busi …
The insurance business process outsourcing industry is gaining significant traction as companies seek more efficient ways to manage insurance operations. With evolving technologies and a growing number of insurers, this market is set for considerable expansion in the coming years. Let's explore the current market valuation, key players, emerging trends, and segmentation details shaping this sector.
Projected Growth and Market Size of the Insurance Business Process Outsourcing Market
The insurance…
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the M …
The marine insurance sector is set to undergo significant expansion in the coming years, driven by technological advancements and evolving global risks. This market is adapting to new challenges and opportunities, reflecting shifts in maritime operations and increasing demands for specialized coverage. Here is an in-depth look at the marine insurance market's size, key players, emerging trends, and the main segments fueling its growth.
Projected Expansion and Market Size of Marine…
Analysis of Key Market Segments Driving the Syndicated Loans Market
The syndicated loans market is poised for substantial expansion in the coming years, driven by a combination of financial trends, investor preferences, and global economic factors. This report explores the projected market size, leading players, notable trends, and segmentation to provide a comprehensive overview of this evolving sector.
Expected Market Size and Growth Trajectory of the Syndicated Loans Market
The syndicated loans market is anticipated to experience rapid growth, reaching…
Market Trend Analysis: The Impact of Emerging Developments on the Remittance Mar …
The digital remittance sector is set for remarkable expansion in the coming years, driven by technological innovations and evolving financial regulations. As cross-border money transfers become more seamless and secure, the industry is positioning itself for impressive growth. Let's explore the projected market size, key players, prevailing trends, and detailed market segments shaping this fast-evolving domain.
Forecasted Market Size and Growth of the Digital Remittance Market
The digital remittance market…
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…
