Carbon Fiber Composites Market to exceed $31bn by 2024

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Carbon Fibre Composites Market PDF Report
Product Analysis, Size, Industry Share by 2024
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• Overview

• Carbon Fibre Composites Market, one of the
  pronounced verticals of polymers and advanced
  materials domain, over the years, has witnessed a
  commendable surge with regard to its application
  arena.
• The worldwide carbon fibre composites industry
  in 2016 held a revenue of USD 16 billion, driven
  by its efficiency oriented demand from myriad
  end-use sectors, profoundly the aerospace and
  automotive.
• The rising trend of reducing overall vehicle
  weight and improving fuel efficiency, as per
  reports, has been one of the most crucial factors
  propelling carbon fibre composites market demand
  in these sectors.
• Moreover, superior material properties including
  high strength to weight ratio, low maintenance,
  and outstanding resistance to high temperatures
  have garnered massive proceeds for the industry
  over the years. In terms of market size, Global
  Market Insights, Inc. projects the overall carbon
  fibre composites market to register a demand over
  290 kilo tons by 2024.

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• Considering the material development and demand,
  carbon fibre composites industry has scored its
  major commercial success in the aerospace market.
  Aircraft industry giants such as Boeing and
  Airbus had been rigorously experimenting with
  carbon fibre composites for several years,
  however, the material was never used for huge
  structures such as the body or wings.
• Nonetheless, the scenario gradually changed with
  the Boeing 787 Dreamliner, which made use of
  carbon fibre composites for the main structure,
  accounting for about 50 of total weight of the
  plane.
• Speaking along similar line, another aircraft
  manufacturer major Airbus, followed the
  footsteps, with its A350 XWB and A380 widebody
  platforms that significantly accelerated the use
  of carbon composites to reduce fuel consumption
  and emissions as well as propagated longer design
  life and lower maintenance.

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Composites Market _at_ https//bit.ly/2mfgG8i
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peaking of the carbon fibre composites industry
potential in other application sectors, the
automotive industry is growing in similar fashion
as the aerospace, and is anticipated to exhibit
the highest growth rate of 13 over 2017-2024. It
is prudent to note that despite having a plethora
of niche applications in the field of aerospace,
fibre composites are gradually inching toward
being deployed in vehicle production, as the
automotive sector seems eager to embrace these
products for highly efficient and robust
automobile development in the future. Reasons to
Buy This Report Carbon Fibre Composites
Market,size forecast by product
application Growth in military and commercial
aerospace sector High carbon fibre demand from
commercial aircrafts can be attributed to
increased flight affordability,
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Competitive Trends

• The notable industries in Carbon Fibre Composites
  Market
• are
• TorayZoltek,
• SGL
• Toho
• MRC
• Rock West Composites
• Hexcel

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Rights Reserved www.fractovia.org
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