US$ 31BN | Carbon Fibre Composites Market Report By Regional Revenue & Growth Forecast 2019-2025
Category: #tech  By Partha Ray  Date: 2019-08-16
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US$ 31BN | Carbon Fibre Composites Market Report By Regional Revenue & Growth Forecast 2019-2025

Carbon fibre composites market is likely to carve out a successful growth path in the years to come, driven by the huge demand for these composites from the aerospace and automotive sectors. Carbon fibre composites are five times stronger than steel but only one third of its weight, making them viable candidates for building any structure that needs to be durable as well as lightweight. These composites are also used in robotics, defense instruments, race cars, aerospace vehicles, sports equipment and any other component that requires low weight combined with speed, thereby augmenting the already vast expanse of carbon fibre composites industry.

The notion of reducing weight to achieve better fuel efficiency is expected to propel carbon fibre composites market from the automotive sector. Renowned automotive manufacturers like BMW have promptly taken note of the benefits of using carbon fibre composites in aircraft. BMW has also partnered with Boeing to tap into the latter’s expertise in carbon fibre composites usage and is gearing up to become the largest carbon fibre reinforced plastics manufacturer in the automotive industry. It has been often argued that carbon fibre composites are too expensive to be produced and profitably used in the automotive industry.

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 However, customers fond of high-end automobiles, it is observed, are willing enough to pay for the extended price, that can be mainly attributed to the use of carbon composites in automobiles. In consequence, this would have a commendable impact on carbon fibre composites industry share from the automotive domain. It is also prudent to mention that the use of carbon fibres can reduce the cost of production down the line, thus offsetting the upfront material cost of the raw material, which would prove to further provide an impetus to carbon fibre composites industry size.

The notion of reducing weight to achieve better fuel efficiency is expected to propel carbon fibre composites market from the automotive sector. Renowned automotive manufacturers like BMW have promptly taken note of the benefits of using carbon fibre composites in aircraft. BMW has also partnered with Boeing to tap into the latter’s expertise in carbon fibre composites usage and is gearing up to become the largest carbon fibre reinforced plastics manufacturer in the automotive industry. It has been often argued that carbon fibre composites are too expensive to be produced and profitably used in the automotive industry.

 However, customers fond of high-end automobiles, it is observed, are willing enough to pay for the extended price, that can be mainly attributed to the use of carbon composites in automobiles. In consequence, this would have a commendable impact on carbon fibre composites industry share from the automotive domain. It is also prudent to mention that the use of carbon fibres can reduce the cost of production down the line, thus offsetting the upfront material cost of the raw material, which would prove to further provide an impetus to carbon fibre composites industry size.

Fluctuation in prices of raw material has been a major hindrance for the growth of the carbon fibre composite industry, though the expanding supply chain has stabilized the prices of raw materials in recent times. For instance, in 2005 the carbon fibre composites market was dominated only by 3 suppliers. But at present almost 20 competitors are vying for the top position, which affirms the profitable growth path carbon fibre composites industry has traversed until now.

Partial Chapter of the Table of Content:

Chapter 2. Executive Summary

2.1. Carbon fiber composites industry 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. End-use trends

2.1.3. Matrix material trends

2.1.4. Regional trends

Chapter 3. Carbon Fiber Composites Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Profit margin analysis

3.3.4. Distribution channel analysis

3.3.4.1.    OEM

3.3.4.2.    Aftermarket

3.4. Pricing analysis

3.4.1. By region

3.4.1.1.    NA

3.4.1.2.    Europe

3.4.1.3.    APAC

3.4.1.4.    LATAM

3.4.1.5.    MEA

3.4.2. Cost structure analysis

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. EU

3.6.3. China

3.7. Industry impact forces

3.7.1. Growth drivers

3.7.1.1.    North America

3.7.1.2.    Europe

3.7.1.3.    Asia Pacific

3.7.1.4.    LATAM

3.7.1.5.    MEA

3.7.2. Industry pitfalls & challenges

3.8. Innovation & sustainability

3.9. Growth potential analysis

3.10. Porter's analysis

3.11.Competitive landscape, 2016

3.11.1.  Company market share

3.11.2.  Strategy dashboard

3.12.    PESTEL analysis

 

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Fluctuation in prices of raw material has been a major hindrance for the growth of the carbon fibre composite industry, though the expanding supply chain has stabilized the prices of raw materials in recent times. For instance, in 2005 the carbon fibre composites market was dominated only by 3 suppliers. But at present almost 20 competitors are vying for the top position, which affirms the profitable growth path carbon fibre composites industry has traversed until now.

Related Report:

Rapid Self-healing Gel Market Market Size Forecasts | Global Statistics Over 2019-2025

https://www.marketwatch.com/press-release/rapid-self-healing-gel-market-market-2019-by-regional-revenue-trend-and-growth-forecast-2025-2019-08-14

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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