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CF & CFRP Market 2025-2030: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
CF & CFRP Market 2025-2030: Industry Outlook, Trends Analysis, New Opportunities, and Prospects

Globe and Mail

time14-07-2025

  • Automotive
  • Globe and Mail

CF & CFRP Market 2025-2030: Industry Outlook, Trends Analysis, New Opportunities, and Prospects

The Carbon Fiber (CF) and Carbon Fiber Reinforced Polymer (CFRP) market is witnessing robust growth, driven by rising demand for lightweight, high-strength materials in aerospace, automotive, and wind energy sectors. Leading companies like Toray, Teijin, Mitsubishi Chemical, and Hexcel are expanding capacity and advancing technology, positioning the market for strong global expansion. The CFRP market is projected to grow from USD 22.48 billion in 2025 to USD 35.55 billion by 2030, at a CAGR of 9.6% during the forecast period. This report provides a comprehensive analysis of the market, including CFRP market size, trends, drivers and constraints, competitive aspects, and prospects for future growth. Continuous technological innovation in 3D printing drives growth in the 3D printing metals market. The market for CF & CFRP is influenced by several primary factors, including the presence of numerous manufacturers, government support, and increased carbon fiber production. The rising number of manufacturers worldwide encourages competition and innovation, resulting in the development of lightweight, high-strength CF & CFRP products. The growing demand for electric vehicles and the need for lightweight materials to enhance their range and efficiency have further boosted the demand for CF & CFRP in the automotive industry. Additionally, the increasing trend toward sustainability and eco-friendliness has led to the rising use of CF and CFRP in renewable energy applications, particularly in wind energy for producing long-lasting and durable wind turbines. Download PDF Brochure: PAN dominated the precursor type segment in terms of value in the CF market PAN precursor dominates the CF market due to its superior strength, stability, and higher carbon yield. About 90% of the carbon fiber produced is made from PAN, while the remaining 10% comes from rayon or petroleum pitch. PAN-based carbon fiber is produced from acrylonitrile through a process involving PAN fiber synthesis, flame retardant treatment, carbonization, graphitization, surface treatment, and sizing. The lightweight and high-strength characteristics of PAN-based carbon fiber have led to its extensive use across various applications, such as aircraft brakes, space structures, military and commercial planes, lithium batteries, sporting goods, and structural reinforcement in construction materials. Recycled carbon fiber is expected to grow at the highest CAGR in terms of value in the CF market during the forecasted period In the CF market, the recycled carbon fiber segment is expected to register the highest CAGR due to growing sustainability goals and stricter environmental regulations, which push industries to reduce waste and carbon emissions. It offers a cost-effective alternative to virgin carbon fiber, making it attractive for automotive, aerospace & defense, wind energy, and sporting goods manufacturers. Advancements in recycling technologies have improved the quality and consistency of recycled carbon fiber, expanding its applications. Additionally, companies are seeking lightweight, high-performance materials to enhance fuel efficiency and product durability. The pipe & tank industry is expected to register the second-highest CAGR in terms of value in the CFRP market during the forecast period The pipe & tank segment will register the second-highest growth rate in the CFRP market. As CFRP offers outstanding properties, such as a high strength-to-weight ratio, corrosion resistance, and durability, it makes it an ideal substitute for traditional materials like steel and aluminum in demanding applications. In the oil & gas sector, CFRP pipes and tanks are mostly used to transport crude oil and store high-pressure gases, as they have the ability to withstand harsh environmental conditions like saltwater and corrosive chemicals, further extending shelf life and reducing maintenance costs. CFRP pipes & tanks are also being used in the chemical industry for enhanced resistance to water vapor and mechanical stress in applications like chlorine production by replacing rubber-lined steel tanks. Europe accounted for the second-largest share of the CFRP market in terms of value Europe dominates the CFRP market due to strong demand from the aerospace and automotive industries for improved efficiency and reduced carbon emissions. The CFRP market in Europe is characterized by capacity expansions, joint ventures, and agreements among various leading players. Airbus generates high demand for carbon fiber reinforced plastics. The company's Superjumbo A380 and A350 are constructed with large quantities of CF & CFRP. The recently released A380 is a sizable aircraft made from approximately 30 tons per unit of carbon fiber. Many regional car manufacturers, such as BMW (Germany) and Audi (Germany), now utilize carbon fiber reinforced plastics on a significant scale. The carbon fiber reinforced plastic (CFRP) market in Europe has been experiencing growth and significant demand from various sectors. Europe is home to several prominent automotive manufacturers, aerospace companies, and renewable energy projects, all of which contribute to the increasing adoption of CFRP. CF & CFRP Companies Toray Industries, Inc. (Japan) Toray Industries, Inc. is a Japanese multinational company that specializes in advanced materials and technologies. The company operates across various sectors, including fibers and textiles, performance chemicals, carbon fiber composite materials, and environmental and engineering solutions. It offers carbon fibers and carbon fiber reinforced plastics through its carbon fiber composite materials business segment, which is designed to meet the rigorous demands of aerospace and industrial applications. Toray Industries, Inc. has operations in Japan, China, South Korea, the US, and several European nations. The company's commitment to innovation and sustainability is evident in its ongoing development of advanced carbon fiber technologies and its strategic initiatives to reduce CO2 emissions, aiming for carbon neutrality by 2050. Mitsubishi Chemical Corporation (Japan) Mitsubishi Chemical Corporation, a subsidiary of Mitsubishi Chemical Group Corporation, is a global leader in the chemicals sector, focusing on advancing science and technology. The company operates within five business segments: Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, and Industrial Gases. Through the advanced composites & shapes sub-segment under Specialty Materials, the company offers carbon fiber and carbon fiber products for various applications in the automotive, aerospace & defense, industrial equipment, wind energy, medical, and other industries. Mitsubishi Chemical Corporation has four manufacturing facilities in Japan, along with overseas services in the US, Hong Kong, China, and Germany. It also has a presence in other regions with sales representatives and distribution centers. Teijin Limited (Japan) Teijin Limited is a key player in the global CF & CFRP market. Teijin Carbon Europe GmbH, a principal subsidiary of Teijin Limited, has been manufacturing high-performance carbon fiber under the brand name Tenax. It also offers advanced material solutions, including high-temperature resins, prepreg systems, new fibers, and tailored sizing, among others. Teijin Limited is expanding its global reach by entering into agreements and partnerships with other companies in the market. Additionally, it is acquiring major suppliers to enhance its production capacity to meet the growing demand. The company invests significantly in research & development for new products. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031
Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031

Globe and Mail

time11-07-2025

  • Business
  • Globe and Mail

Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031

The future of the global thermoplastic composites market looks promising with opportunities in the transportation, consumer goods, industrial, and construction market. The global thermoplastic composites material market is expected to reach an estimated $32 billion by 2031 with a CAGR of 5% 2024 to 2031. The major drivers for this market are growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries. According to the recent study the thermoplastic composites market is projected to reach an estimated $32 billion by 2031 with a CAGR of 5% 2024 to 2031. Growth in this market is primarily driven by growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries. Browse 124 figures / charts and 85 tables in this 260 -page report to understand trends, opportunities and forecast in thermoplastic composites market by end use (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World). Lucintel forecasts that transportation by end use will remain the largest end use segment over the forecast period due to increasing demand for lightweight materials SFT thermoplastic composites will remain the largest segment by material over the forecast period due to its wide usage in injection molding part fabrication. Download sample by clicking on thermoplastic composites market Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries. Tencate Advanced Composites, Cytec Solvay Group, Celanese, SABIC, BASF SE, DSM, DuPont, LANXESS/Bond Laminates, Hanwha Corporation, and RTP Company are the major supplier in the thermoplastic composites market. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@ To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard. About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: Tel. +1-972-636-5056 Explore Our Latest Publications Gravity Sensor Market Playing Card Market Pumped Hydroelectric Energy Storage (PHES) Market Spa and Salon Software Market Media Contact Company Name: Lucintel Contact Person: Roy Almaguer Email: Send Email Phone: 972.636.5056 Address: 8951 Cypress Waters Blvd., Suite 160 City: Dallas State: TEXAS Country: United States Website:

Automotive Plastics Market to Reach $76.6 Billion by 2032, Growing at a CAGR of 7.8% from 2025, Says Meticulous Research®
Automotive Plastics Market to Reach $76.6 Billion by 2032, Growing at a CAGR of 7.8% from 2025, Says Meticulous Research®

Yahoo

time29-06-2025

  • Automotive
  • Yahoo

Automotive Plastics Market to Reach $76.6 Billion by 2032, Growing at a CAGR of 7.8% from 2025, Says Meticulous Research®

Market Growth Driven by Lightweight Material Adoption, Cost-Effective Solutions, Advanced Manufacturing Technologies, and Expanding Electric Vehicle Applications REDDING, Calif., June 29, 2025 /PRNewswire/ -- According to a comprehensive market research report titled "Automotive Plastics Market by Type (Thermoplastics, Thermosetting), Process (Injection Molding, Blow Molding, Thermoforming, Compression Molding, Extrusion), Vehicle Type (2-wheelers & 3-wheelers, Passenger Cars, Buses, Trucks), Application (Electrical Components, Powertrain, Engine Bay, Chassis, Interior, Exterior), End User (Conventional Vehicles, Electric Vehicles), & Geography - Global Forecast to 2032", the Automotive Plastics market is projected to reach $76.6 billion by 2032, up from an estimated $44.2 billion in 2025, growing at a robust CAGR of 7.8% during the forecast period. The substantial growth of the automotive plastics market is driven by increasing adoption of lightweight plastic materials amid rising fuel efficiency requirements and environmental regulations. The market's expansion is fueled by cost-effective material solutions, easy replacement capabilities, growing focus on bioplastics and sustainable materials, and expanding applications in electric vehicles across key global markets. The industry is experiencing significant transformation through advanced 3D printing technologies, sophisticated sensor integration capabilities, and development of next-generation sustainable plastic solutions. Leading companies are embracing innovative molding technologies while expanding into emerging electric vehicle markets and developing cutting-edge bio-based plastic alternatives for environmentally conscious automotive manufacturers worldwide. For more comprehensive insights, download the FREE report sample: Revolutionary Market Transformation Through Lightweight Innovation Excellence The automotive plastics market represents a paradigm shift in vehicle manufacturing and sustainability optimization. As automotive industries increasingly prioritize fuel efficiency, emission reduction, and design flexibility, automotive plastics offer a revolutionary solution that addresses the growing demand for lightweight, durable materials with superior performance characteristics across diverse vehicle applications. Market leaders are investing heavily in advanced injection molding technologies and sustainable plastic manufacturing, establishing production capabilities that can deliver scalable, cost-effective automotive plastic solutions. This technological advancement is making sophisticated lightweight plastics increasingly accessible while delivering superior fuel efficiency and design flexibility benefits. Dynamic Growth Across Key Market Segments Based on type, the Thermoplastics segment dominates the market in 2025, capturing approximately 63% of the total market share due to excellent moldability, design flexibility, and recyclability advantages. Within thermoplastics, the Polypropylene (PP) segment leads with approximately 9% of the thermoplastics market, attributed to cost-effectiveness, excellent moldability, and versatility for wide-ranging automotive applications. The Thermoplastics segment is also experiencing the fastest growth, driven by increasing demand for lightweight, recyclable materials. Based on manufacturing process, the Injection Molding segment leads with the largest market share of approximately 51%, reflecting its efficiency for high-volume production, minimal material waste, and ability to create complex plastic components. This segment is anticipated to record the highest growth rate, driven by technological advancements aimed at reducing error rates and improving scalability. Based on vehicle type, the 2-wheelers & 3-wheelers segment accounts for approximately 62% of the market in 2025, attributed to design flexibility requirements, lightweighting properties, cost-effectiveness, and excellent durability under harsh environmental conditions. This segment is also expected to register the highest growth rate during the forecast period. Get Insightful Data on Regions, Market Segments, Customer Landscape, and Top Companies (Charts, Tables, Figures and More) - Strategic Market Opportunities and Innovation Drivers The market presents extraordinary growth opportunities through bioplastics and sustainable material adoption, electric vehicle market expansion, and development of advanced sensor-integrated plastic solutions. Companies are discovering new revenue streams through 3D printing technologies and multi-material solutions while establishing comprehensive sustainable automotive plastic ecosystems. Key market drivers include: Lightweight Material Adoption: Growing emphasis on vehicle weight reduction to meet fuel efficiency standards and environmental regulations driving demand for advanced lightweight plastic solutions Cost-Effective Manufacturing: Rising need for affordable materials that maintain quality and performance while reducing production costs and optimizing manufacturing efficiency Advanced Technology Integration: Expanding use of 3D printing for rapid prototyping, sensor integration capabilities, and customized component production enhancing design flexibility Sustainable Material Innovation: Increasing focus on bioplastics, recyclable materials, and circular economy solutions addressing environmental sustainability requirements Regional Market Leadership and Emerging Growth Asia-Pacific commands the largest market share in 2025 with approximately 48% of the global market, driven by growing vehicle demand, rapid urbanization, increasing consumer preference for advanced vehicle features, and expanding automotive manufacturing infrastructure across key countries including China, Japan, and India. Asia-Pacific also emerges as the fastest-growing region with a projected CAGR of approximately 9% during 2025-2032, propelled by rising urbanization creating demand for fuel-efficient vehicles, increasing integration of advanced technologies, growing electric vehicle adoption, and expanding automotive production capabilities. North America and Europe represent significant markets, supported by stringent fuel efficiency regulations, advanced automotive manufacturing infrastructure, growing electric vehicle adoption, and presence of leading automotive plastic manufacturers with emphasis on innovation and sustainability. Request a customized research analysis tailored to your specific requirements: Dynamic Competitive Landscape Driving Innovation The global automotive plastics market features an innovative competitive ecosystem comprising major chemical companies, specialized automotive plastic manufacturers, and advanced materials technology providers. This diverse landscape fosters rapid technological advancement through sophisticated injection molding technology integration and sustainable plastic material development. Industry leaders are implementing integrated solutions that combine advanced thermoplastic materials with cutting-edge manufacturing processes and sensor integration capabilities. Companies are pursuing strategic partnerships with automotive OEMs while addressing sustainability and performance challenges across different vehicle segments. Immediate Delivery Available | Buy this Research Report (Insights, Charts, Tables, Figures and More) - Market Leaders Shaping Industry Future Key players driving the global automotive plastics market include BASF SE (Germany), Covestro AG (Germany), DuPont de Nemours, Inc. (U.S.), SABIC (Saudi Arabia), Dow Inc. (U.S.), Asahi Kasei Advance Corporation (Japan), Celanese Corporation (U.S.), LANXESS AG (Germany), Akzo Nobel N.V. (Netherlands), Evonik Industries AG (Germany), Adient plc (Ireland), Magna International Inc. (Canada), Momentive Performance Materials, Inc. (U.S.), Daicel Corporation (Japan), and Borealis AG (Austria). These companies are focusing on strategies such as advanced thermoplastic material development, innovative injection molding technology integration, sustainable bioplastic solutions, strategic automotive OEM partnerships, and expansion into emerging electric vehicle markets to strengthen their market position. Latest Industry Developments Recent market developments include: Sustainable Innovation Leadership: Launch of bio-based plastic projects and recycling initiatives transforming automotive industry sustainability with renewable alternatives to petrochemicals Advanced Manufacturing Integration: Introduction of LeanLight concepts featuring 20% fewer components and weight reduction, demonstrating next-generation automotive plastic efficiency Circular Economy Solutions: Implementation of comprehensive recycling programs for end-of-life vehicle components, advancing standardized circular economy practices in automotive manufacturing Market Challenges and Opportunities While the market shows strong growth potential, it faces challenges including complex integration requirements for advanced sensor technologies, varying regulatory standards across global markets, competition from alternative lightweight materials, and technical complexity in sustainable plastic development. However, significant opportunities exist in expanding electric vehicle markets, development of advanced 3D printing technologies and customization capabilities, growing bioplastics and sustainable material adoption, emerging markets with increasing vehicle demand, and rising integration of smart technologies requiring specialized plastic housing solutions. The Electric Vehicles segment is projected to record the highest CAGR during the forecast period, driven by lightweight requirements for battery range optimization, thermal management system applications, battery enclosure and insulation needs, and growing global electric vehicle adoption accelerating specialized plastic demand. Related Reports: Automotive Parts Market by Size, Share, Forecast, & Trends Analysis Automotive Glass Market Size, Share, Growth Report 2032 Automotive Seats Market Size & Share Trends to 2032 Automotive Electronics Market Size & Share, Growth Report 2032 Automotive Lighting Market Size, Share, Growth Report to 2032 About Meticulous Research We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. To find out more, visit or follow us on LinkedIn Contact: Mr. Khushal Bombe Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Email- sales@ Visit Our Website: Connect with us on LinkedIn- Content Source: Logo - View original content to download multimedia: SOURCE Meticulous Market Research Private Limited

Carbon Fiber Market Size Worth $7.46 billion by 2031
Carbon Fiber Market Size Worth $7.46 billion by 2031

Yahoo

time05-06-2025

  • Automotive
  • Yahoo

Carbon Fiber Market Size Worth $7.46 billion by 2031

The carbon fiber market is rapidly expanding, driven by its unique properties like high strength, lightweight, and durability, making it ideal for applications across industries such as automotive, aerospace, sports, and construction. As manufacturers seek to reduce weight and increase performance in vehicles and aircraft, carbon fiber has become a material of choice for enhancing fuel efficiency and structural integrity. US & Canada, June 05, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global carbon fiber market is observing significant growth owing to the growing demand for lightweight materials in the aerospace and defense industry. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the carbon fiber market comprises a vast array of applications that are expected to register growth during the coming years. To explore the valuable insights in the Carbon Fiber Market report, you can easily download a sample PDF of the report - Overview of Report Findings 1. Market Growth: The increasing need for lightweight materials to construct aviation components and parts has significantly boosted the demand for advanced composites. Aircraft manufacturers are making efforts to develop huge primary thermoplastic structures in business jets and commercial aircraft. The use of carbon fiber materials allows manufacturers to lower the weight of airplane parts, subsequently facilitating fuel cost reductions. Thus, the growing demand for lightweight materials in the aerospace & defense industry is driving the carbon fiber market growth. 2. Rising Use of Carbon Fiber in Automotive Industries: Lightweight materials offer excellent potential for increasing vehicle efficiency, as their acceleration requires less energy than heavier ones. According to the Office of Energy Efficiency & Renewable Energy, a 10% decrease in vehicle weight can improve fuel economy by 6–8%. Substituting cast iron and traditional steel components with lightweight materials, such as carbon fiber and polymer composites, can reduce the weight of a vehicle body and chassis by up to 50%, thereby reducing the fuel consumption of a vehicle. Hence, the application of carbon fiber in the automotive sector is growing at a significant pace. 3. High Demand for Green Carbon Fiber: Green carbon fiber provides environmental sustainability, cost-effectiveness, energy efficiency, and lightweight benefits. Thus, green carbon fibers are tremendously used in battery boxes, lift gate systems, pressure vessels, wind turbines, aircraft, sporting goods, etc. The increased demand for lightweight materials in defense, automotive, sporting goods, and aerospace industries further drives the green carbon fiber market growth. Furthermore, the demand for environmentally friendly, easily recyclable fiber and fiber-reinforced composite products is growing due to strict government rules and regulations, propelling the adoption of green carbon fiber. 4. Geographical Insights: In 2023, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. Asia Pacific is expected to register the highest CAGR during the forecast period. For Detailed Carbon Fiber Market Insights, Visit: Market Segmentation Based on raw material, the carbon fiber market is segmented into polyacrylonitrile-based and pitch-based. The polyacrylonitrile-based segment held a larger share of the carbon fiber market in 2024. By fiber type, the carbon fiber market is segmented into virgin and recycled. The virgin segment held a larger share of the carbon fiber market in 2024. By application, the carbon fiber market is segmented into composites and non-composites. The composites segment held a larger share of the carbon fiber market in 2024. By end-use industry, the carbon fiber market is segmented into aerospace and defense, automotive, building and construction, sporting goods, wind energy, textiles, marine, and others. The automotive segment held the largest share of the carbon fiber market in 2024. The carbon fiber market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America. Competitive Strategy and Development Key Players: Major companies operating in the carbon fiber market include DowAksa; Formosa M Co. Ltd.; Hexcel Corporation; Hyosung Advanced Materials; KUREHA CORPORATION; Mitsubishi Chemical Corporation; SGL Carbon; Shanghai Horse Construction Co., Ltd; TEIJIN LIMITED; and TORAY INDUSTRIES INC.. Trending Topics: A high focus on carbon fiber recycling and the growing adoption of carbon fiber in the energy sector Stay Updated on The Latest Carbon Fiber Market Trends: Global Headlines on Carbon Fiber Hyosung Advanced Materials developed ultra-high-tensile carbon fiber. Teijin unveiled Advanced Spread-Tow Carbon Fiber Woven Fabric. Teijin launched a new Carbon Fiber Intermediate Material Brand. Mitsubishi Chemical Corporation had commenced sales of a rapid cure carbon fiber (CF) prepreg. Teijin partnered with Fuji Design in carbon fiber recycling. SGL Carbon and Solvay collaborated to develop highly competitive advanced carbon fiber composites for aerospace primary structures. Purchase Premium Copy of Global Carbon Fiber Market Size and Growth Report (2021-2031) at: Conclusion Carbon fiber is defined as a long, thin strand of material that is made up of carbon atoms and has a diameter of about 0.005 mm to 0.010 mm. Such fibers provide high tensile strength, along with high-temperature tolerance and durability. Carbon fibers possess excellent corrosion resistance, higher stiffness and strength, and longer lifespans than other materials such as aluminum and steel. Hence, these fibers find their application in broad end-use industries. They are used in several applications, such as aerospace & defense, automotive, and construction. However, the high costs of carbon fiber manufacturing processes are limiting the market growth. Further, the increasing adoption of carbon fiber by sporting goods manufacturers across developed and developing countries worldwide is expected to provide lucrative growth opportunities for the carbon fiber market over the forecast period. The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, manufacturers, distributors/suppliers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Talk to Us Directly: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Home - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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