Carbon Fiber Composites Market | Exactitude Consultancy Reports

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The global carbon fiber composites market is expected to grow at a 6% CAGR from 2023 to 2029. It is expected to reach above USD 27.91 billion by 2029 from USD 17.66 billion in 2022.

Carbon Fiber Composites Market Overview
Combining carbon fibers with a polymer matrix to form carbon fiber composites results in a lightweight, robust material. Carbon atoms are bound together in a long, thin crystal structure to form carbon fibers. The fibers can be several centimeters long and normally have a diameter of 5 to 10 micrometers.

The polymer matrix serves as a smooth surface and holds the carbon fibers together. Due to their high strength-to-weight ratio, carbon fiber composites are perfect for usage in industries where weight reduction is crucial, including aerospace and defense, automotive, wind energy, and sports and leisure. Additionally, they exhibit high chemical and corrosion resistance as well as thermal and electrical conductivity. By modifying the qualities of the fibers, the polymer matrix, and the manufacturing process, carbon fiber composites can have specific properties.

Segment Analysis
Global Carbon Fiber Composites Market by End-Use is divided into Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine

Due to the widespread use of these materials in aircraft components such as airframe structures, floor panels, and landing gears, the aerospace & defense segment has the largest market share and is predicted to generate the highest level of revenue in the market. The corrosion and fatigue-resistant properties of aircraft parts can be improved by the use of carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP).

Global Carbon Fiber Composites Market by Matrix Material is divided into Polymer [Thermosetting, Thermoplastics], Carbon, Ceramic, Metal, and Hybrid.

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