Press release
Carbon Fiber Market to Grow at 9.4% CAGR through 2031, Supported by Greater Emphasis on Sustainability
Carbon Fiber Market Size, Share, Growth Analysis, By Raw material(Pan-based Carbon Fiber, and Pitch-based Carbon Fiber (Petroleum-based Pitch Carbon Fiber, and Coal-based Pitch Carbon Fiber)), By Fiber Type(Virgin Carbon Fiber, and Recycled Carbon Fiber), By Modulus(Standard Modulus, Intermediate Modulus, and High Modulus), By Product Type(Continuous Carbon Fiber, Long Carbon Fiber, and Short Carbon Fiber), By Region - Industry Forecast 2024-2031Carbon Fiber Market [https://www.skyquestt.com/report/carbon-fiber-market] size was valued at USD 4.12 Billion in 2022 and is poised to grow from USD 4.51 Billion in 2023 to USD 9.25 Billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
Carbon fiber market is emerging progressively backed by increasing demand for light materials, increased focus on sustainability, and continuous advancements in technologies. It is developing as a high-performing and versatile material with increased uses in numerous industries. Its exceptional qualities make it ideal to be used in industries like sports equipment, automotive, aerospace, and more.
Download a detailed overview:
https://www.skyquestt.com/sample-request/carbon-fiber-market
In the engineering domain, traditional techniques are increasingly replaced by composite materials owing to their best mechanical nature. Among many such materials, carbon fiber-strengthened composites promised impressive growth. They are called the king of the material realm owing to notable electrical, chemical, thermal, and mechanical features and optimal strength-to-weight ratio. In the automobile industry, manufacturers are actively preferring carbon fiber-strengthened composites to decrease the weight of vehicles, improve performance, and enhance fuel efficiency. The aerospace industry is dependent on carbon fiber for weight-saving and strength features. The demand for low-weight materials in this sector is another major market driver. Moreover, in renewable energy, carbon fiber holds key importance mainly inwindenergy. With the increasing demand for energy sources, the demand for ideal materials like carbon fiber is also aggressively increasing. This trend is projected to intensify demand for wind and solar applications.
Advanced Forms of Fiber-Reinforced Polymers to Expand Applications in Diverse Sectors
Lately, lightweight materials have gained popularity in fabricating multiple parts in industrial applications, mainly in aerospace and automotive. Precisely, fiber-strengthened polymer composites, abbreviated as FRP have emerged progressively displaying themselves as the practical substitute to heavy components. The fresh and improved forms of fiber-strengthened polymers or fiber-reinforced polymers are expanding every year with more applications and advantages to the manufacturers. Composites are being used in a wide range of industries and domains as their uses are growing more valuable and more beneficial than ever. Concerning the developments of FRPs, the advancements are proportionally growing. There are a few fresh properties and some improvements for resin system's performance, the polymers and more.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/carbon-fiber-market
* Fairmat and Hexcel Corporation announced a 10-year contract in May 2024 to reprocess carbon fiber composite materials. The merger will do this from Hexcel Salt Lake City to be reused in materials that will be further sold in different markets.
* The MCG Group or Mitsubishi Chemical Group announced in February 2024 that it developed a quality heat-resistant CMC ceramic matrix composite with the help of pitch-enabled carbon fibers. This will offer heat resistance up to 1500 degrees C with application in space industry.
* Toray Industries in October 2023 announced that it will expand French subsidiary production building. The new Toray Carbon Fibers Europe S.A. will be mainly used for regular tow* high- and medium-modulus carbon fibers.
* SGL Carbon presented a novel 50k carbon fiber at JEC, top international composites show in March 2023. The SIGRAFIL Registered C T50-4.9/235 carbon fiber will be equal to hi-strength needs for common pressure vessel designs and presents better elongation ability.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/carbon-fiber-market
Emphasis on Sustainability and Performance to Help Carbon Fiber Progress Remarkably
In conclusion, carbon fiber is seeing remarkable growth and modifications in the present scenario, supported by its incomparable characteristics and flexibility. It is at the forefront of modernization whilemaintaining its applicability in aerospace applications, lightweight uses in automotive, sports equipment, manufacturing improvements, renewable energy, and more. As industries are actively focusing on performance and sustainability, carbon fiber will continue its dominance as a highly efficient, sustainable, and lightweight alternative in future.
Related Reports:
Artificial Intelligence Market [https://www.skyquestt.com/report/artificial-intelligence-market]
Visit Our Website: https://www.skyquestt.com/
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=carbon-fiber-market-to-grow-at-94-cagr-through-2031-supported-by-greater-emphasis-on-sustainability]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/carbon-fiber-market
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Carbon Fiber Market to Grow at 9.4% CAGR through 2031, Supported by Greater Emphasis on Sustainability here
News-ID: 3595451 • Views: …
More Releases from ABNewswire
![BMX Sherbrooke Acquires Freshpark's Pump Track on a Cart, Enhancing Local BMX Experience](https://cdn.open-pr.com/X/9/X906824445_g.jpg)
BMX Sherbrooke Acquires Freshpark's Pump Track on a Cart, Enhancing Local BMX Ex …
BMX Sherbrooke has acquired a Freshpark Pump Track on a Cart, thanks to a grant from Ville de Sherbrooke and donations from supporters. This portable, commercial-grade track allows lanes and a starting gate to be set up in minutes, offering long-lasting, affordable equipment with less liability. It will enhance local youth programs and the BMX experience, supporting active lifestyles and providing a versatile solution for schools, parks, and recreation centers.
Sherbrooke,…
![Freshpark Ramps Delivered to Tseshaht First Nation Youth with Support from Nations Skate Youth and Vans Checkerboard Fund](https://cdn.open-pr.com/X/9/X906387481_g.jpg)
Freshpark Ramps Delivered to Tseshaht First Nation Youth with Support from Natio …
Freshpark ramps were recently delivered to the Tseshaht First Nation youth, thanks to Nations Skate Youth and the Vans Checkerboard Fund. These commercial-grade, portable ramps offer long-lasting and affordable solutions for youth programs with less liability. This initiative supports Nations Skate Youth's mission to bring skateparks to Indigenous communities, fostering creativity and engagement for kids in schools, parks, and recreation centers.
Port Alberni, BC - In an exciting new development for…
![Julia Haart and Liev Schreiber Raised Vital Funds for Ukrainian Children](https://cdn.open-pr.com/X/9/X906126702_g.jpg)
Julia Haart and Liev Schreiber Raised Vital Funds for Ukrainian Children
Image: https://www.abnewswire.com/uploads/3f433f1fc6afcd47cf7393594d1cd4da.png
East Hampton, NY - A special fundraising event, organized by Mriya Gallery over Labor Day weekend raised $31,380 to support children affected by the war in Ukraine. The funds will benefit BlueCheck Ukraine, an organization co-founded by Liev Schreiber and supported by former Doctors Without Borders leaders, filmmakers, and social entrepreneurs.
Guests enjoyed a diverse collection, including Ukrainian art pieces from Mriya Gallery and Rukh art Hub, private works by…
![Super Clean Machine: A Trusted Partner for Superior Power Washing Services](https://cdn.open-pr.com/X/9/X906459845_g.jpg)
Super Clean Machine: A Trusted Partner for Superior Power Washing Services
Maintaining the cleanliness and aesthetic appeal of your property, whether residential or commercial, is crucial to making a lasting impression. One of the most efficient ways to achieve this is through professional power washing. Super Clean Machine, a top-tier power washing company, is dedicated to providing high-quality power washing services tailored to meet the unique needs of each customer.
Maintaining the cleanliness and aesthetic appeal of your property, whether residential or…
More Releases for Fiber
Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028.
Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing…
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence…
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025
Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025
Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025
Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025
Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and…
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and…
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the…
Concrete Fiber Market Growth Study by Type [Synthetic Concrete Fiber, Steel Conc …
Fiber reinforced concrete involves the use of fibrous material to increase the structural integrity of concrete. Fibers are typically used in concrete to control cracking and faults that occur due to the shrinkage of plastic and evaporation of water during hardening stage of concrete. Concrete fibers are majorly used in different end-user industries such as residential, commercial, industrial, building, and construction. Moreover, fibers add tensile strength and toughness in concrete…