Carbon Fiber Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Matrix Material (Polymer, Carbon, Ceramics, Metal, Hybrid), By End Use (Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCarbon Fiber Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Matrix Material (Polymer, Carbon, Ceramics, Metal, Hybrid), By End Use (Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine, Others), By Region and Competition
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 19.87 billion |
| CAGR (2023-2028) | 6.15% |
| Fastest Growing Segment | Polymer |
| Largest Market | Asia Pacific |
Market Overview
Key Market Drivers
Rising Demand of Carbon Fiber Composites in Aerospace Industry
Increasing Demand of Carbon Fiber Composites in Automotive Industry
Rising Demand of Carbon Fiber Composites in Wind Turbine Industry
Key Market Challenges
High Production Costs and Supply Chain Vulnerabilities Poses a Significant Obstacle to Market Expansion
Standardization and Certification
Key Market Trends
Advancements in Manufacturing Technologies
Sustainable and Eco-Friendly Composites
Expansion of Carbon Fiber Composites in Construction
Segmental Insights
Matrix Material Insights
End Use Insights
Regional Insights
Recent Developments
- In June 2022, Hexcel Corporation has secured a long-term contract from Sikorsky, a subsidiary of Lockheed Martin, to provide advanced composite structures for the CH-53K King Stallion heavy-lift helicopter program.
- In November 2021, Hexcel
Corporation and Fairmat announced an agreement to build the capability to
recycle carbon fiber prepreg from Hexcel European operations for reuse in
composite panels sold into commercial markets.
- In April 2021, Japan Polychem
Corporation, a fully-owned subsidiary of Mitsubishi Chemical Corporation, has
completed the acquisition of Japan Polypropylene Corporation (JPP) Group
entities. As part of this transaction, they have also taken over the
polypropylene compound (PPCP) business and the FUNCSTER thermoplastic resin
reinforced with long glass fiber business previously managed by JPP.
- In January 2019, Teijin Industry
has revealed its plan to supply TENAXPUD as an advanced intermediate composite
material for primary structural components in Boeing aircraft. The expanding
aerospace sector, coupled with increased collaboration among industry
participants, is expected to drive the demand for carbon fiber composites.
Key Market Players
- Toray Industries Inc
- SGL Carbon SE
- Mitsubishi Chemical Carbon Fiber and Composites,
Inc.
- Hexcel Corporation
- Rock West Composites, Inc.
- Teijin Limited
- Solvay S.A.
- DowAksa Advanced Composites Holdings BV
- Nippon Graphite Fiber Co., Ltd.
- Hyosung Advanced Materials
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