Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Carbon Composites Market Size is Expected to Grow from USD 22.50 Billion in 2023 to USD 45.53 Billion by 2033, at a CAGR of 7.30% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Carbon Composites Market Size, Share, and COVID-19 Impact Analysis, By Matrix (Hybrid, Metal, Ceramic, Carbon, and Polymer), By Process (Prepreg Layup Process, Pultrusion & Winding, Wet Lamination & Infusion Process, Press & Injection Processes, and Others), By Applications (Aerospace and Defense, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine Applications, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Carbon composites are materials made by combining carbon fibers with a polymer matrix like epoxy resin, known for their high strength-to-weight ratio, excellent stiffness, and resistance to corrosion and temperature extremes, widely used in industries like aerospace, automotive, sports equipment, and construction. The carbon composites market is growing due to the increasing shipments of general aviation aircraft. The demand for lightweight, high-strength materials in the aviation industry is increasing, leading to the use of carbon composites in aircraft manufacturing for enhanced aerodynamics and reduced operational costs. This trend is supported by advancements in composite technology and a growing focus on sustainable aviation practices, indicating a significant future for the market. Various government initiatives drive the market for carbon composites. For instance, India has pledged to attain net-zero emissions by the year 2070. Promoting low-carbon development across a range of industries is part of the plan, as is the use of cutting-edge technologies like carbon composites to cut emissions. However, carbon composites are widely used in industries but are expensive due to energy consumption, precursors, and processing time. Advanced polymer matrix composites are more expensive and may hinder market growth.
The polymer segment is predicted to hold the greatest market share through the forecast period.
Based on the matrix, the carbon composite market is classified into hybrid, metal, ceramic, carbon, and polymer. Among these, the polymer segment is predicted to hold the greatest market share through the forecast period. The polymer matrix segment is divided into thermosetting and thermoplastic polymers. The market is dominated by the thermosetting polymer segment, which creates thermoset composites with glass or carbon fibers. These composites have cheap manufacturing costs, excellent strength-to-weight ratios, and resistance to corrosion. Demand has surged due to the increasing use of thermoset composite reinforced with carbon fibers.
The prepreg layup process segment is anticipated to hold the highest market share during the projected timeframe.
Based on the process, the carbon composites market is divided into the prepreg layup process, pultrusion & winding, wet lamination & infusion process, press & injection processes, and others. Among these, the prepreg layup process segment is anticipated to hold the highest market share during the projected timeframe. Prepegs are composite materials containing high-strength reinforcement fiber and thermoset or thermoplastic resin. Common fibers include fiberglass, carbon fiber, or polyaramid. B-staged materials are flexible and can be molded and cut.
The aerospace and defense segment is anticipated to hold the largest market share during the projected timeframe.
Based on the applications, the carbon composites market is divided into aerospace and defense, automotive, wind turbines, sport & leisure, civil engineering, marine applications, and others. Among these, the aerospace and defense segment is anticipated to hold the largest market share during the projected timeframe. In the aerospace industry, carbon composites are being utilized more and more for their ability to reduce weight, provide resistance, provide insulation, and absorb radar.
Asia-Pacific is estimated to hold the largest share of the carbon composites market over the forecast period.
Asia-Pacific is estimated to hold the largest share of the carbon composites market over the forecast period. The aerospace, defense, construction, and sports sectors are anticipated to propel the Asia-Pacific industry's substantial rise in the worldwide carbon composites market, with growing economies like China and India likely to spur expansion. Carbon composite demand is expected to rise due to automobile manufacturing, with India projected to become the world's third-largest aviation market by 2030, surpassing China and the United States, according to IATA's projections.
Europe is predicted to have the fastest CAGR growth in the carbon composites market over the forecast period. The aerospace industry, lightweight electric vehicles, and sustainable manufacturing practices are driving regional prosperity. The market is expanding due to environmental restrictions and increasing customer demand for eco-friendly goods. Germany and the UK have the largest and fastest-growing carbon composites markets in the European region.
Company Profiling
Major key players in the carbon composites market include Solvay, Nippon Carbon Co Ltd., TORAY INDUSTRIES INC., Teijin Aramid BV, Mitsubishi Chemical Holdings Corporation., Carbon Composites Inc., SGL Carbon, Hexcel Corporation, China Composites Group Corporation Ltd, Rockman, Epsilon Composite, and Plasan Carbon Composites, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the carbon composites market based on the below-mentioned segments:
Global Carbon Composites Market, By Matrix
Global Carbon Composites Market, By Process
Global Carbon Composites Market, By Applications
Global Carbon Composites Market, By Regional Analysis
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