Carbon Fiber Composites Market Overview and Analysis by 2023
Global Carbon Fiber Composites Market, By Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, Compression Molding), By Application (Structural Assembly, Power Train Components, Interior, Exterior and other) and Region- Forecast 2017-2023.
(firmenpresse) - Carbon Fiber Composites Market Insights
The global market of Carbon Fiber Composites around the world is growing rapidly. Carbon fibers are molded with other materials such as plastic resin and graphite to form carbon fiber composite. It is the fastest-growing automotive composite driven by its high demand for chassis & powertrain components application. Technological advancement and heavy investments for automobiles are helping Carbon Fiber Composites market. Increasing vehicle production, growing implementation of environmental regulations are some of the major factors contributing to growth of the global Carbon Fiber Composites market. Carbon Fiber Composites market is consequently high in Asia-pacific, with China and India expected to be the most promising markets.
The global Carbon Fiber Composites market stating that it is predicted to grow profoundly at a CAGR of 10.6% till the year 2023.
Key Players
The major player operating in the market of global Carbon Fiber Composites are Cytec Industries (U.S.), SGL Carbon SE (Germany), Toray Industries, Inc. (Japan), ACP Composites, Inc (U.S.), Clearwater Composites, LLC (U.S.), Owens Corning (U.S.), HITCO Carbon Composites Inc (U.S.), Mitsubishi Rayon Carbon Fibber and Composites, Inc. (U.S.), Polar Manufacturing Limited (U.K.) and Rock West Composites (U.S.).
Drivers & Trends
In recent times, the global Carbon Fiber Composites Market is reported with a considerable upswing when it comes to size and valuation. This is happening due to the continual expansion in the automotive industry around the world. With the rising demand for automobiles, the global market of Carbon Fiber Composites is likely to remain robust by registering a high rise over the years to come.
Segmentation
In the reports of MRFR, the global Carbon Fiber Composites market has been segmented as product type, application type, and region.
By the mode of product type, the market has been segmented as hand layup, resin transfer molding, vacuum infusion processing, injection molding, compression molding.
By the mode of application, the market includes structural assembly, power train components, interior, exterior, and others.
Regional Analysis
Region wise, Asia Pacific is accounted to be the fastest and largest growing market for Carbon Fiber Composites due to countries such as China and India. They are onto the growth path due to the existence of lightweight vehicles as well as enhanced fuel efficiency. With the increased production capacity in terms of volume and new facilities and innovative technological advancements, these are driving the market of Carbon Fiber Composites on positive notes over Asia Pacific region and is expected to capture over 45% revenue share through 2023.
On the other hand, Europe region will also grow at a higher CAGR in concern with Carbon Fiber Composites market owing to extensive use of composites. There have been stringent regulations regarding carbon emissions from vehicles and due to that increasing R&D investment along with established automobile industry is noticed and will further propel the regional growth over the forecast timeframe.
Access Full Report (at) https://www.marketresearchfuture.com/reports/automotive-carbon-fiber-composites-market-3116
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Datum: 01.04.2020 - 15:38 Uhr
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Date of sending: 1/04/2020
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