Global Carbon Fibre Composites Market Analysis, 2024-2030

Carbon fibre composites consists of a polymer matrix and a reinforcement that contains carbon fibres. They are 5 to 10 micrometres in diameter and consist of carbon atoms mostly. They are most preferably used to reinforce composite materials and particularly the class of materials known as carbon fibre. Carbon fibre composites are polymers and are sometimes known as graphite fibre.

Almost anything could be made using the carbon fibre composites. They are mainly used for manufacturing tubing, bike frames, propeller blades, car components, aircraft wings and automotive drive shafts. Furthermore, these have found use in the manufacturing of musical instruments, various sports goods, firearms, etc. They are widely used because they make vehicles and components very lightweight and strong, which improves the overall strength of the product they are used in.

The report on global carbon fibre composites market represent insight on current market scenario by conducting more than 280 hours of secondary and primary research. As per the report, the global carbon fibre composites market is expected to cross the levels of US $ xxxx billion by 2023 as compared to US $ xxx billion in 2017, thereby registering a growth of xx% per annum.

As these carbon fibres are light in weight and have several properties like high stiffness, high tensile strength, high chemical resistance, and high-temperature tolerance. They also have very low thermal expansion, and due to these reasons, carbon fibre composites have become very famous in the aerospace, automotive, military and recreational uses. They can be moulded into any shape or size. It just takes a permanent mould over which the carbon fibre can be poured, and a coating of plastic is used to cover it for a bit. Therefore, one can get a carbon fibre composites in almost any shape and size with its extensive beneficial properties.

Yes, carbon fibre composites might be a wonder product, but it has its shares of downsides also, i.e. it generates excess waste for landfill and causes an increase in pollution with increasing waste in its use. Unless swift actions are taken this wonderful material will cause some new troubles for the entire world in the form of piles of trash. US and Europe are the two major regions where the carbon fibre composites are in very high demand, and these regions are making the best use of this material. But it is the U.S. which is ahead amongst these two regions, for it is making much higher progress in the market for carbon fibre composites.

Acordis BV, Aertex Group, Airbus, Baycomp, BFG Composites, BIP, BMW and Cytec are some key companies in the global carbon fibre composites market.

Our Approach

The research process begins with the bifurcation of different market segments of global carbon fibre composites market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across carbon fibre composites industry value chain. Market Krystal have conducted more than 35 interviews for this study, details of which are mentioned below:

By company type:

Manufacturers (25%), Suppliers (20%), Consumers (25%), Researchers (20%), Independent industry consultant (10%)

By geography:

North America (45%), Asia (25%), Europe (30%)

By designation:

Top level (30%), Operation level (40%), Mid-level (30%)

Contents of the report:

• Insight on the carbon fibre composites industry dynamics
• Estimation of the current global carbon fibre composites market size in terms of value and volume
• Global carbon fibre composites market breakup based on matrix material (polymer (thermoplastic & thermosetting), ceramic, metal, carbon, hybrid), end-user (automotive, aerospace, marine, wind turbines, sport & leisure, and others) and geography (North America, Europe, Asia-Pacific, Middle-East, Africa, Latin America)
• Substantiated global carbon fibre composites market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of carbon fibre composites industry value chain