Carbon Fiber Resin Market to Surpass US$ 2,377 Million by 2032 Amid Rising Application in Aerospace & Defense Industry

NEW YORK, May 11, 2022 /PRNewswire/ -- With sales expected to grow at a healthy figure of 15.3% CAGR, the carbon fiber resin market value will reach US$ 2,377 Mn over the forecast period (2022-2032).

Carbon resin fiber found its glory due to the first Boeing 787 flight that was installed with 50% composites. It later went on to bring carbon fiber resin into rising focus and fetched its lasting successful run in the market.

Carbon fiber resin owes it surging application to its low strength to weight ratio over other composites. The lasting fame of carbon fiber resins is due to their flexibility and malleability that eliminates the use of X connectors. Thus it is averse to various raw materials being used and can be assembled in a jiffy.

Carbon fibers possess more stiffness and tensile strength than any other metal which contributes to lasting growth. They are 5X times stronger and 2X stiffer than steel while comprising a weight that is one-fourth of steel. Carbon fibers hence portray an attractive market. With an opportunity worth US$ 1866 Mn speaking volumes in comparison to steel, titanium and iron.

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Carbon fiber resins include properties of high thermal and chemical resistance and low thermal expansion. Low weight being their exclusive trait, carbon fibers find extensive application in aerospace and competitive auto sports where each gram makes a difference.

Its natural aversion to chemicals makes carbon fiber resins an ideal fit for gas storage and fuel cells. Its diverse use include windmill blades, pipes and deep water drilling rigs. The diverse applications of carbon fiber resin are contributing towards its soaring popularity. Considering this, the market value is expected to top US$ 2377 Mn by 2032.

Key Takeaways:

Growth Drivers:

Restraints:

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Competitive Landscape:

The global carbon fiber resin market is highly competitive and fragmented in nature with the presence of several leading players. Majority of these players are collaborating with end users to generate more sales and are also focusing on new launches to gain competitive edge.

For instance,

Key Companies Profiled by Fact.MR

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More Valuable Insights on Carbon Fiber Resin Market

In the latest study, Fact.MR reveals key factors expected to boost the growth in global carbon fiber resin market during the forecast period (2022-2032). The survey also provides an in-depth analysis of opportunities and drivers projected to propel sales of carbon fiber resins through detailed segmentation as follows:

Key Questions Covered in the Carbon Fiber Resin Market Report

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