IMARC Group, a leading market research company, has recently releases report titled “Continuous Fiber Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023–2028.” The study provides a detailed analysis of the industry, including the global continuous fiber composites market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Continuous Fiber Composites?
Continuous fiber composites are advanced materials that are composed of reinforcing fibers embedded in a matrix material that offers a high-strength and lightweight composite structure. They are manufactured from various materials, such as carbon, glass, aramid, polymer, metal, or ceramic. Besides this, they provide enhanced mechanical properties, such as high tensile strength, stiffness, and impact and corrosion resistance. As a result, continuous fiber composites are widely utilized in the aerospace, automotive, electronics, construction, power and energy, and sports industries across the globe.
How Big Is the Continuous Fiber Composites Market?
The global continuous fiber composites market size reached US$ 2.55 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.62 Billion by 2028, exhibiting a growth rate (CAGR) of 5.90% during 2023-2028.
Global Continuous Fiber Composites Market Trends and Drivers:
At present, the rising adoption of continuous fiber composites in the automotive industry for manufacturing various components of electric vehicles (EVs) represents one of the primary factors strengthening the market growth. Besides this, the growing demand for continuous fiber composites due to the increasing focus on environmental sustainability among individuals around the world is offering a positive market outlook. Moreover, the rising popularity of electrical resistivity materials and flame retardants in the electronics industry is supporting the growth of the market. Apart from this, the increasing demand for lightweight and fuel-efficient materials in the aerospace industry is impelling the growth of the market. Furthermore, the rising adoption of fuel-efficient solutions among individuals is contributing to the growth of the market.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Resin Type Insights:
Product Type Insights:
Reinforcement Type Insights:
Industry Vertical Insights:
Regional Insights:
The report provides a comprehensive analysis of the industry key players listed below:
Celanese Corporation, Chomarat Textiles Industries, Gurit Holding AG, Hexcel Corporation, Johns Manville Corporation, Lanxess AG, Owens Corning Corporation, Saertex GmbH & Co. KG, Solvay S.A, Toray Industries Inc
Key highlights of the Report:
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