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Carbon Fibre Composites Market

Carbon Fibre Composites Market

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Carbon Fibre Composites Market

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  1. Carbon Fibre Composites Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2024 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Carbon Fibre Composites Industry • Global carbon fiber composites market size is slated to surpass an annual valuation of US$31 billion by 2024, with rising penetration in aerospace and automotive applications. • Carbon fiber composites market also known as carbon fiber-reinforced polymer (CFRP) composites, are among the most popular structural materials used today. These high-performance materials possess a unique set of properties that make them stand out from other composite materials. CFRP composites are up to five times stronger and twice as stiff as steel, while at the same time being fairly lighter than steel, making it the desired choice of material for structural elements. Carbon fiber composite materials are extremely popular in myriad industries including aerospace, marine, automotive, civil engineering, wind turbines, and sports and leisure. • Over the past few decades, carbon fiber composites have increasingly found their way into automotive and aerospace applications. Their exceptional physical properties make them ideal for modern aircraft and auto designs which mainly focus on enhancing fuel-efficiency and weight reduction. Numerous companies in the aerospace and automaking business are relying on carbon fiber composite suppliers for upcoming projects. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • For instance, in May 2020, Classic Recreations announced a partnership with CFRP composite manufacturer SpeedKore Performance for the recreation of the iconic 1967 Shelby. With this partnership, the recreated Shelby GT500CR models will feature CFRP bodies for the first time. Following the GT500CR, Classic Recreations plans to launch CFRP-bodied Shelby Cobra in the future. • MDA Corporation is another key CFRP market player prominently using carbon fiber materials in its satellite parts including single-beam and multi-beam antenna systems, and composite-intensive satellite antenna subsystems. • Toray Advanced Composites is a key supplier of carbon fiber composites market for MDA Corporation, which specializes in commercial space intelligence and communications applications. • In March 2020, Toray was selected by OceanGate Inc. to supply aerospace-grade carbon fiber composites for use in the production of new carbon fiber pressure vessels to be used in deep-sea manned submersibles. The production of these new pressure vessels is expected to begin later in 2020. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/2180 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • COVID-19 impact and future opportunities • The global COVID-19 pandemic has forced automakers globally to temporarily halt or postpone auto production. In addition, travel restriction in most countries has resulted in a sharp decline in air travel. These trends are likely to affect carbon fiber composites market demand in the near future. • However, increased manufacturing efforts from automakers and a strong demand for lightweight and fuel-efficient vehicles will bolster the market outlook. In addition, increased expenditure in aerospace & defense and marine sectors will offer promising growth opportunities to carbon fiber composites market. Request for customization:https://www.gminsights.com/roc/2180 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Toray+Zoltek, SGL, Toho, MRC, Rock West Composites, and Hexcel are among the prominent players in the carbon fiber composites industry. Other notable players include Solvay, Zhongu-Shenying, Aksa, Hengshen Fib. Mat., Hyongsung, and Sonstige. The industry participants focus on extensive R&D activities and geographic expansion to enhance their product line. For instance, in September 2017, Hexcel launched a multi-axial infused materials (MAXIM) R&D project worth USD 10 million for producing solutions for large aerospace and automotive composite structures. The company also expanded its manufacturing unit in Leicester, UK. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Carbon Fibre Composites Market@ https://www.gminsights.com/industry-analysis/carbon-fibre-composites-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2180 Request for customization: https://www.gminsights.com/roc/2180 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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