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Carbon Fibre Composites Market Share

Report ID: GMI2180
Published Date: Jul 2022
Report Format: PDF

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Carbon Fibre Composites Market Share

Key players operating in the carbon fiber composites industry include:

Toray+Zoltek
SGL
Toho
MRC
Hexcel
Rock West Composites
Hengshen.

Industry players engage in strategic acquisitions to gain competitive advantage and increase their revenue generation. For instance, in July 2018, Toray Industries, Inc. announced the acquisition of TenCate Advanced Composites Holding B.V., increasing its product portfolio and expanding its high service temperature applications.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Global market for carbon fibre composites is slated to surpass USD 30 billion by 2030 and could witness around 6% CAGR through 2022-2030, with increased usage in automotive, marine, wind energy and aerospace applications.

Carbon fibre composites market share from polymer materials segment is expected to be over USD 20 billion by 2030, with growing use of thermosetting polymers in aerospace and military products.

It is projected that aerospace and defense applications will account for almost 60% revenue share of global carbon fibre composites industry by 2030, with the demand for these materials in making aircraft floor panels, airframe structure, landing gears and other components.

Carbon fibre composites market share in North America is estimated to surpass 55 Kilo tons by 2030, due to a strong presence of leading aircraft manufacturers, aerospace firms, and increased R&D spending towards advanced materials development.

Major companies providing carbon fibre composites globally include Rock West Composites, MRC, Toray+Zoltek, Hengshen, Hexcel, and SGL, among some others.