According to the global continuous fiber composites market report by IMARC Group, the market reached a value of US$ 2.55 Billion in 2022, and it is projected to reach a value of US$ 3.62 Billion by 2028, exhibiting a CAGR of 5.90% during 2023-2028.
Continuous fiber composites represent materials that offer exceptional stiffness and lightweight properties. They can be chopped or milled in form and are composed of glass, carbon, and aramid fibers. These composites are developed from either a thermoset or thermoplastic matrix, depending on the application requirements, including strength, cost, geometry, complexity, etc. They provide a high strength-to-weight ratio, ease of processing, freedom of form, etc., and have recyclable nature. In line with this, continuous fiber composites offer various benefits, such as low maintenance costs, excellent corrosion resistance, lightweight construction, etc. Consequently, they find extensive applications in several industries, including automotive, aerospace, consumer electronics, etc.
Key Industry Trends and Drivers:
The rising demand for clean energy resources is primarily driving the continuous fiber composites market. Additionally, the widespread adoption of lightweight components in the manufacturing of electric vehicles (EVs) and the escalating demand for non-toxic substitutes in the production of asbestos-based friction products are further catalyzing the market growth. Besides this, the growing usage of these composites in industrial processes, including stress corrosion cracking (SCR) processes, cold forming operations, and metal fastening applications, is acting as another significant growth-inducing factor.
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Moreover, continuous fiber composites are used in nacelles, blades, and smaller components of wind turbines, which is positively influencing the global market. Apart from this, the increasing popularity of electrical resistivity materials and flame retardants is also bolstering the market growth. Furthermore, the inflating levels of industrialization and extensive investments in R&D activities by leading manufacturers are anticipated to fuel the continuous fiber composites market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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, etc
Report Segmentation:
The report has been segmented the market into following categories:
Resin Type Insights:
- Thermoset Composite Resins
- Thermoplastic Composite Resins
Product Type Insights:
- Woven Fabric
- Non-Crimp Fabric
- Unidirectional Tape
- Others
Reinforcement Type Insights:
- Glass Fiber Composites
- Carbon Fiber Composites
- Others
Industry Vertical Insights:
- Aerospace
- Automotive
- Power and Energy
- Sports and Leisure
- Consumer Electronics
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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