#carbon fiber market share

[industrynewsupdates]

Global Expansion of Carbon Fiber Market: Analysis and Insights

The global carbon fiber market size is estimated to reach USD 10.68 billion by 2030, registering a CAGR of 10.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing adoption of carbon fiber in the automotive and aerospace industry.

The increasing demand for commercial aviation due to rising disposable income and globalization has catered to the growth of the aerospace industry over the last few years. This trend is likely to continue over the coming years as well. Moreover, the rise in demand for sports and leisure applications due to the increasing population, particularly in the Asia Pacific region, is also likely to propel the demand for carbon fiber in the market.

The carbon fiber market has witnessed forward integration by various raw material manufacturers. In-house production and utilization of carbon fiber help manufacturers cut down on logistics costs and directly cater to end-use product manufacturers, thereby increasing profitability. Carbon fiber applications depend on the grade used and, ultimately, on the quality of the precursor.

Gather more insights about the market drivers, restrains and growth of the Carbon Fiber Market

Carbon Fiber Market Report Highlights

• On the basis of raw materials, the polyacrylonitrile (PAN) segment led the market with a revenue share of 96.4% in 2024. The automotive industry’s increasing shift toward electric vehicles (EVs) is driving the demand for PAN-based Carbon Fiber.

• The large tow segment is forecasted to grow at a rate of 10.3% from 2025 to 2030. This growth is due to the growing adaption of carbon fiber across several application industries due to its higher strength-to-weight ratio and its advantages over conventional materials, including metals and alloys.

• The aerospace & defense segment accounted for the largest revenue share of 32.2% in 2024. The Aerospace & defense sector requires lightweight and robust materials for usage in aircraft, rockets, satellites, and missiles as it assists in improving the performance by reducing the weight of the overall structure.

• The Europe region dominated the global market with a share of 31.9% in 2024. The presence of aerospace giants such as Airbus and Boeing in Europe and North America has propelled the regional demand for carbon fiber.

• The growing concerns regarding the consumption rates of non-renewable energy sources have driven the demand for fuel-efficient vehicles. This is forecasted to propel the demand for carbon fiber in the automotive application segment over the coming years.

Browse through Grand View Research's Specialty Glass, Ceramic & Fiber Industry Research Reports.

• The global fiberglass market size was valued at USD 12.34 billion in 2024 and is projected to grow at a CAGR of 6.7% from 2025 to 2030. 

• The global geosynthetic clay liner market size was valued at USD 468.1 million in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2030.

Carbon Fiber Market Segmentation

Grand View Research has segmented the global carbon fiber market based on raw material, tow size, application, and region:

Carbon Fiber Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• PAN Based

• Pitch Based

Carbon Fiber Tow Size Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Small Tow

• Large Tow

Carbon Fiber Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Aerospace & Defense

• Wind Turbines

• Sports/Leisure

• Molding & Compound

• Construction

• Pressure Vessel

• Others

Carbon Fiber Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o Japan

o Taiwan

• Central & South America

o Brazil

• MEA

Order a free sample PDF of the Carbon Fiber Market Intelligence Study, published by Grand View Research.

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Carbon Fiber Market - Forecast (2024 - 2030)

Carbon Fiber Market Overview

Carbon Fiber Market size is forecast to reach $15.3 billion by 2030, after growing at a CAGR of 11% during 2024-2030. Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. Growing demand for lightweight products from aerospace & defense, automotive, and wind energy industries and minimizing carbon emissions are driving the market growth. Whereas, the growing building and construction sector in the emerging country is also driving the market growth. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth. The carbon fiber market is witnessing a significant trend with an increased adoption in the automotive industry. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, carbon fiber composites offer a lightweight alternative to traditional materials. This shift is driven by the demand for electric and hybrid vehicles, where minimizing weight is crucial for optimizing energy efficiency and extending battery range. Carbon fiber's high strength-to-weight ratio contributes to improved vehicle performance and structural integrity. Moreover, advancements in manufacturing processes and cost reductions are making carbon fiber more economically viable for mass-produced automobiles. This trend signals a transformative shift in the automotive sector, with carbon fiber playing a pivotal role in the development of next-generation, sustainable transportation solutions. A notable development in the carbon fiber market is the increasing focus on sustainable production methods. With rising environmental concerns and a push for eco-friendly materials, carbon fiber manufacturers are exploring ways to minimize the environmental impact of their production processes. Innovations include the use of bio-based precursors, recycling of carbon fiber waste, and energy-efficient manufacturing techniques. This trend aligns with global efforts to achieve carbon neutrality and reduce the overall carbon footprint of industries. Sustainable carbon fiber production not only addresses environmental concerns but also caters to the growing demand for green products in various sectors, including aerospace, automotive, and renewable energy. As sustainability becomes a key consideration for businesses and consumers alike, the carbon fiber market is evolving to meet these changing expectations and contribute to a more environmentally responsible future.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 

Carbon Fiber Market Report Coverage

The report: “Carbon Fiber Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Fiber Industry. 

By Raw Material: Polyacrylonitrile Based (PAN), Pitch Based (Mesophase Pitch Based, and Petroleum Pitch Based), and Others (Ultra High Elastic Modulus (UHM), High Elastic Modulus (HM), and Low Elastic Modulus (LM)).

By Tow Type: Continuous, and Chopped.

By Application: Composite, Non-Composite, Molding Compound, Woven Fabric, and Others.

By End-Use Industry: Aerospace & Defense (Fighter Jets, Armored Vehicles, Commercial Jets, Rotorcraft, Satellites, and Others), Automotive (Interior, Exterior, and Others), Sporting Goods (Tennis Rackets, Golf Club, Hockey Sticks, Archery, Others), Energy and Power (Wind, Solar, and Others), Building & Construction (Residential, Commercial, and Others), Marine, Healthcare, Electric & Electronic, and Others.

By Geography: North America, South America, Europe, Asia-Pacific, and Middle East & Africa

Key Takeaways

Europe will continue to have the major share of total worldwide wind energy carbon fiber demand during the forecast period owing to its renewable energy targets and use of offshore wind capacity.

High price of carbon fiber is one of the factors that’s hindering the markets growth.

COVID-19 will hinder the markets growth, as the end use industry are facing a slow growth, hence reducing the demand for carbon fiber.

Carbon Fiber Market Segment Analysis - By Raw Material

Polyacrylonitrile Based (PAN) segment held the largest share of more than 65% in the carbon fiber market in 2023. The PAN based component offers various benefits like low density, high strength, high modulus, high-temperature resistance, wear resistance, corrosion resistance, fatigue resistance, creepage resistance, electric conduction, heat conduction, and far-infrared radiation. These properties of PAN make it suitable to use across various end-use industries like the aerospace & aviation industry, automotive industry, wind turbines, anti-flame materials & clothes, and sports equipment. Thus, growth in these end-use industries further drive the market growth.

Carbon Fiber Market Segment Analysis - By Tow

Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2023. Continuous tow is the most widely used tow, due to its weight, compatibility with resins, and various range of sizing available for optimal processing. These are heavy tows with 50,000 filaments, each of these tows have heavy mechanical properties, which can be transferred to the finished products and components to enhance their properties such as strength, durability and structural properties. Furthermore, Continuous tows provide cost advantage, especially when used in a high-volume process, increases the reliability of the end product, enhance production efficiency and can be merged with all thermoset and thermoplastic resin systems. Continuous tow also makes carbon fiber far superior to glass and aramid fibers because of their added strength & stiffness and are used in manufacturing wind turbines, industrial, and automotive manufacturing. Therefore, these properties & advantages of continuous tow will further drive its demand in the market.

Carbon Fiber Market Segment Analysis - By Application

Composite segment held the largest share of more than 55% in 2023 and is forecasted to be the most utilized application of carbon fiber. The high strength, high thermal & electrical conductivity, light weight, and high modulus properties of composite makes them suitable to use across aerospace & defense, automotive, sports, and wind turbine industry, which are ideal for its growth. According to a 2022 report released by Aerospace Industries Association (AIA), in 2022 American aerospace & defense industry export amounted for $100.4 billion, which rose by 11.2 percent from 2021. The other industry driving the markets growth is automobile industry. For instance, a report released by Indian Brand Equity Foundation (IBEF) in 2023, In the first quarter of 2023-24, total production of passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles was 6.01 million units. Furthermore, the growing demand for BMW i3 is also driving the market growth. As the BMW i3 is still the only car with a significant amount of carbon composite content.

[econmarketresearch]

The carbon fiber market revolves around the production, distribution, and application of carbon fiber materials known for their exceptional strength, lightweight properties, and durability. Carbon fibers are composed of carbon atoms bonded together, offering high tensile strength, stiffness, and resistance to temperature and corrosion.

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Exploring the Carbon Fiber Prepreg Market: Trends, Advantages, and Future Outlook

Introduction

The Carbon Fiber Prepreg Market is experiencing robust growth, driven by the increasing demand for lightweight, durable, and high-performance materials across various industries. Carbon fiber prepreg, a composite material made from carbon fibers pre-impregnated with a resin system, offers exceptional strength-to-weight ratio, stiffness, and corrosion resistance. This article delves into the current trends, advantages, and future prospects of the carbon fiber prepreg market.

What is Carbon Fiber Prepreg?

Carbon fiber prepreg is a pre-impregnated material where carbon fibers are combined with a thermoset or thermoplastic resin. This combination ensures uniform resin distribution and eliminates the need for additional resin during the manufacturing process. The material is stored in a refrigerated state to prevent premature curing, ensuring optimal performance and ease of use in various applications.

Current Market Trends

1. Growing Demand in Aerospace and Defense: The aerospace and defense sectors are major drivers of the carbon fiber prepreg market. The need for lightweight and high-strength materials to enhance fuel efficiency and performance in aircraft and defense equipment has significantly boosted the adoption of carbon fiber prepreg.

For a comprehensive analysis of the market drivers:- https://univdatos.com/report/carbon-fiber-prepreg-market/

2. Automotive Industry Adoption: The automotive industry is increasingly using carbon fiber prepreg to reduce vehicle weight, improve fuel efficiency, and enhance performance. High-end sports cars and electric vehicles (EVs) particularly benefit from the material's properties, leading to its growing demand.

3. Expansion in Wind Energy Sector: The wind energy sector is another key contributor to the carbon fiber prepreg market growth. Carbon fiber prepreg is used in the manufacturing of wind turbine blades, offering superior strength and reduced weight, which increases the efficiency and lifespan of the turbines.

4. Innovations in Manufacturing Processes: Advancements in manufacturing processes, such as automated fiber placement (AFP) and automated tape laying (ATL), are enhancing the production efficiency and quality of carbon fiber prepreg. These innovations are making the material more accessible and cost-effective for various industries.

5. Sustainability and Recycling: The push for sustainable materials and recycling solutions is influencing the carbon fiber prepreg market. Research and development efforts are focused on creating recyclable prepreg materials and improving recycling processes, aligning with global sustainability goals.

Advantages of Carbon Fiber Prepreg

1. High Strength-to-Weight Ratio: Carbon fiber prepreg offers an exceptional strength-to-weight ratio, making it ideal for applications where reducing weight without compromising strength is crucial. This property is particularly valuable in aerospace, automotive, and sporting goods industries.

2. Durability and Corrosion Resistance: The material's inherent resistance to corrosion and environmental degradation ensures longevity and reliability in harsh conditions. This makes it suitable for marine, infrastructure, and industrial applications.

3. Consistent Quality and Performance: Pre-impregnated with resin, carbon fiber prepreg provides consistent quality and performance. The controlled resin content ensures optimal mechanical properties and reduces the risk of manufacturing defects.

4. Ease of Use: Carbon fiber prepreg simplifies the manufacturing process by eliminating the need for additional resin application. This reduces processing time and labor costs, making it an efficient choice for high-volume production.

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Future Prospects

The future of the carbon fiber prepreg market looks promising, driven by several key factors:

1. Increased Use in Electric Vehicles (EVs): As the EV market expands, the demand for lightweight materials to improve battery efficiency and vehicle range will drive the adoption of carbon fiber prepreg. Manufacturers are increasingly integrating this material into EV components to enhance performance.

2. Advancements in Material Science: Ongoing research and development in material science are expected to yield new formulations and resin systems for carbon fiber prepreg. These advancements will further improve the material's properties and expand its application range.

3. Emerging Markets: The growth of emerging markets in Asia-Pacific, Latin America, and the Middle East presents significant opportunities for the carbon fiber prepreg market. The increasing industrialization and infrastructure development in these regions will boost the demand for high-performance materials.

4. Sustainability Initiatives: The focus on sustainability and environmental regulations will drive innovations in recyclable and eco-friendly carbon fiber prepreg. The development of sustainable manufacturing processes and materials will enhance the market's growth prospects.

Conclusion

The Carbon Fiber Prepreg Market is set for substantial growth, fueled by its exceptional properties and wide-ranging applications across various industries. As technology advances and the demand for lightweight, durable, and high-performance materials increases, carbon fiber prepreg will continue to play a pivotal role in shaping the future of manufacturing and engineering. With a strong focus on sustainability and innovation, the market is poised to meet the evolving needs of modern industries and contribute to a more efficient and sustainable future.

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Carbon Fiber Reinforced Plastic Market - Forecast(2024 - 2030)

Carbon Fiber Reinforced Plastic Market Overview:

Carbon fiber reinforced plastic market size is forecast to reach $30.5 billion by 2030, after growing at a CAGR of 9.41% during 2024-2030, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end-use industries such as automotive, aerospace, wind energy, and others. This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel-efficient and lightweight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period

Report Coverage

The report: “Carbon Fiber Reinforced Plastic (CFRP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the carbon fiber reinforced plastic (CFRP) Industry. 

By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

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Key Takeaways

Europe dominates the carbon fiber reinforced plastic (CFRP) market, owing to the increasing demand and production of lightweight vehicles in the region. According to OICA, in 2018 the production of light commercial vehicles has increased by 2.5 % in Europe.

The carbon fiber reinforced plastics are being widely used to manufacture sport equipment such as golf shafts, bicycles, skis, surfboards, helmets, racquets, hockey sticks, baseball bats and several other products. Its low maintenance cost and corrosion resistance properties are the major factor driving the market in the sports sector.

The properties associated with CFRP such as good conductivity, flame resistance, high strength and vibration damping has facilitated their inclusion in several electrical and electronic products such as household appliances, audio systems, enclosures, electrical installations, interconnects, brushes and EMI shielding.

The X-Ray permeability, biological inertness coupled with high strength has paved the way for CFRP applications in Medical sector. Imaging equipment, orthopedics and surgical outfits are some of the common medical devices that employ CFRP.

Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as automotive, defense, and aerospace has been negatively affected, which is hampering the carbon fiber reinforced plastic (CFRP) market growth.

By Type – Segment Analysis

The thermosetting segment held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019, owing to the superior characteristics of thermosetting CFRP over thermoplastic CFRP. Unlike thermoplastics, they retain their strength and shape even when heated. This makes thermosetting plastics well-suited to the production of permanent components and large, solid shapes. Furthermore, these components have outstanding high strength-to-weight ratio performance, enhanced dielectric strength, low thermal conductivity. Thus, thermoset CFRP find their use in varied applications owing to their heat resistant characteristics, excellent dimensional and chemical stability properties when exposed to high heat and more. 

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By Application – Segment Analysis 

The defense application held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 and is growing at a CAGR of 9.42%, owing to its ability to reduce a weight of an object to a large extent while providing superior strength. Thus, there is an increasing demand of carbon fiber reinforced plastics from the defense industries to manufacture specialty components for missile systems, radar panels, body armors, helmets, rocket motor casing, artificial limbs, ballistics, nuclear submarine, propulsion systems and many more. Some of the materials used in military composites include Kevlar, fiberglass and carbon fiber. Countries like Russia, India and Japan are increasingly using composites in submarines, jets, sonar domes and truck components. U.S., U.K., India, and China are the major spenders on defense equipment and maintenance of army. M80 Stileto is the largest U.S. naval vessel built using carbon-fiber composites. Armored vehicles have conventionally used steel armor for protection; however, weight of these large trucks creates logistical problems. Therefore, the adoption of CFRP is increasing in these vehicles. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage, and tail. The need for agility at the time of sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials, which is anticipated to propel the carbon fiber reinforced plastic market during the forecast period.

By Geography – Segment Analysis

Europe region held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 up to 34%, owing to the increasing defense, and aerospace sectors in the region. The CFRP are particularly attractive to defense applications because of their exceptional strength, better stiffness-to-density ratios and superior physical properties. Also, CFRP provides relatively stronger and stiffer fibers in a tough resin matrix. According to International Trade Administration (ITA), the Norwegian Government presented a core defense spending budget of USD 6.9 billion in 2019. The Norwegian defense budget accounted for 1.62% of Norway’s GDP in 2018. French civil aerospace industry in 2018 grew to €50.36 billion, out of total non-consolidated aerospace and defense aerospace revenues of €65.4 billion. This is a 1.2% increase over 2017. Also, France has put forth an agreement with the U.K government of $2.1 billion to build a prototype combat drone, which will further boost CFRP market growth. Thus, the increasing aerospace and defense industry in Europe is likely to influence the growth of the carbon fiber reinforced plastic market in Europe.

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

As a consequence of drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize the renewable energy sources like wind power is growing. The wind power sector is increasing, as use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. The modern wind turbine are being increasingly used in wind power sector as they are cost-effective, more reliable and have scaled up in size to multi-megawatt power ratings. Wind Energy installations in APAC increased by 23.6%. This region is set to witness high growth for wind energy equipment and materials majorly driven by commitments of government of India and China towards green energy. Carbon fiber reinforced plastic is used primarily in the spar, or structural element, of wind blades longer than 45m/148 ft, both for land-based and offshore systems. Carbon fiber has known benefits for reducing wind turbine blade mass due to the significantly improved stiffness, strength, and fatigue resistance per unit mass compared to fiberglass. Due to the increasing adoption of wind power energy source, the demand for the carbon fiber reinforced plastic is also increasing, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

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Stringent Government Regulation on Emission

Carbon fiber reinforced plastics are being extensively used in the automotive industries to reduce fuel consumption as well as emissions and to manufacture lightweight vehicles. Several governments across the world have imposed stringent standard emission and fuel economy regulations for vehicles. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as carbon fiber reinforced plastics to assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulation for light-duty cars such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission standards sets fuel consumption standards for the vehicles. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period. 

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

The cost of the carbon fiber reinforced plastics is at times supposedly higher. When compared with other traditional materials such as steel and aluminum, lightweight materials such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP) are costly. Composites of carbon fiber cost almost 1.5 to five times more than steel. High cost of fiber production inhibits large volume deployment. Therefore, precursor and processing costs need to be reduced. The high price of carbon fibers in many applications constrains the potential use of composites. Hence, the high cost of carbon fiber reinforced plastics may hinder with the carbon fiber reinforced plastics market growth during the forecast period. However, cost effective production methods coupled with high volume processing, assembly techniques and automation processes will lead to reduction of price in the near future. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the carbon fiber reinforced plastic (CFRP) market. In 2019, the market of carbon fiber reinforced plastic (CFRP) has been consolidated by the top five players accounting for 40% of the share. Major players in the carbon fiber reinforced plastic (CFRP) market are SGL Carbon SE, Teijin Ltd., Toray Industries Inc., Cytec Industries Inc., Mitsubishi Rayon Co. Ltd., Farmosa Plastics Corporation, Nippon Carbon Co. Ltd., DowAksa Advanced Composites Holdings BV, Hexcel Corporation, and Hyosung Advanced Materials.

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Acquisitions/Technology Launches

In May 2016, Dowaska, Under secretariat of Defense Industries (SSM) and Turkish Aerospace Industries (TAI) have jointly opened The DowAksa Global Composites Center with an objective to advance Turkey’s carbon fiber and other reinforcement composites manufacturing mainly for aerospace applications in both defense and commercial aviation and the infrastructure, marine, wind energy and transportation sector.

In March 2018, Toray Industries, Inc. developed a new fabrication technology for Carbon Fiber Reinforced Plastics that enables both improved dimensional accuracy and energy savings.

In November 2018, Toray Industries, Inc. developed new carbon fibers that realized both higher tensile strength and tensile modulus named “TORAYCA® MX series”.

In September 2019, Teijin Limited acquired Benet Automotive, a leading automotive composite and component supplier in the Czech Republic. The acquisition benefits Teijin’s composite technologies business.

In December 2019, SGL Carbon and Solvay entered into a joint development agreement to develop composite materials based on large-tow intermediate modulus carbon fiber for aerospace primary structures.

In May 2020, Toray Industries, Inc. developed a high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing. Toray announced to push ahead with research and development to commercialize the fiber and pellets within the next three years.

[rohanisblog]

Global carbon fiber in wind turbine rotor blade market was valued at US$ 2,972.46 million in 2022 and is projected to attain a market valuation of US$ 5,398.89 million by 2031 at a CAGR of 7% during the forecast period 2023–2031.

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Automotive Carbon Fiber Rims Market Analysis: Forecasted Market Size, Top Segments, And Largest Region

The latest report by Fortune Business Insight Research Company Insights, titled Global Automotive Carbon Fiber Rims Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Automotive Carbon Fiber Rims Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as technological advancements and consumer preferences on the automotive carbon wheels market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving automotive industry. 

The overall size and growth of the global automotive industry play a significant role in the demand for vehicle carbon fibre rims.

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Market Size And Growth Forecast:

The automotive Automotive Carbon Fiber Rims Market size has grown strongly in recent years. in the historic period can be attributed to vehicle production growth, stringent automotive safety standards, consumer demand for noise reduction, increasing emphasis on vehicle aesthetics, and globalization of automotive supply chains.

The Automotive Carbon Fiber Rims Market size is expected to see strong growth in the next few years. It will grow in the forecast period & can be attributed to rise in autonomous vehicle adoption, stringent environmental regulations, demand for enhanced weather resistance, focus on energy-efficient vehicles, and innovations in seal manufacturing processes. Major trends in the forecast period include advancements in sealing technologies, the development of self-healing seals, customization for luxury and premium vehicles, integration of advanced materials, and collaborations for innovation.

Major Automotive Carbon Fiber Rims Market Manufacturers covered in the market report include:

BBS Kraftfahrzeugtechnik AG (Germany), HRE Performance (U.S), Enkei Corporation (Japan), Vossen Wheels (Netherlands), ADV.1Wheels (U.S), Forgeline Motorsports (U.S), Carbon Revolution(Australia), ESE Carbon Company (U.S.), CARBON REVOLUTION (Australia), DYMAG GROUP LIMITED (U.K).

This growth is driven by several factors, such as increasing vehicle production, growing demand for electric vehicles, increasing need for advanced rims to comply with safety regulations, and stringent vehicle regulations.

What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

The market is driven by factors such as the increasing demand for lightweight and high-performance automotive components to enhance fuel efficiency and reduce carbon emissions. Advancements in carbon fibre technology, coupled with growing consumer preference for premium and customized vehicles, are also significant drivers. However, challenges such as high manufacturing costs and limited adoption in mass-market vehicles may hinder market growth. Opportunities lie in collaborations between automotive manufacturers and carbon fibre suppliers to develop innovative and cost-effective solutions for various vehicle segments.

Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter's Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Market Segmentation by Geography includes:

∆ North America: U.S., Canada, and Mexico

∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

∆ South America: Brazil, Argentina, and Rest of Latin America

∆ Middle East & Africa: GCC Countries, South Africa, and the Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Carbon Fiber Rims Market?

► Who are the prominent players in the Global Automotive Carbon Fiber Rims Market?

► What is the consumer perspective in the Global Automotive Carbon Fiber Rims Market?

► What are the key demand-side and supply-side trends in the Global Automotive Carbon Fiber Rims Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Carbon Fiber Rims Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Carbon Fiber Rims Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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The Recycled Carbon Fiber Market is expected to reach USD 155.92 million in 2023 and grow at a CAGR of 13.65% to reach USD 295.63 million by 2028. Toray Industries Inc., Procotex, Vartega Inc., Gen 2 Carbon Limited, Sigmatex are the major companies.

[cmipooja]

Global Viscose Staple Fiber Market Is Estimated To Witness High Growth Owing To Increasing Demand For Sustainable Fibers

The global Viscose Staple Fiber market is estimated to be valued at USD 12.34 billion in 2022 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Viscose Staple Fiber is a type of regenerated cellulose fiber that is primarily used in the textile industry. It is made from wood pulp or cotton linters and is known for its softness, breathability, and absorbency. Viscose Staple Fiber offers several advantages such as excellent drape, good color retention, and high moisture regain. These properties make it suitable for various applications including apparel, home textiles, non-woven fabrics, and industrial textiles. The growing demand for sustainable fibers is one of the key drivers for the Viscose Staple Fiber market. With increasing environmental concerns and the need for eco-friendly alternatives, there has been a shift towards more sustainable materials in the textile industry. Viscose Staple Fiber is considered a sustainable choice as it is made from renewable sources and is biodegradable. Market Key Trends: One key trend in the Viscose Staple Fiber market is the increasing adoption of recycled viscose fibers. Recycled viscose fibers are produced from post-consumer waste or pre-consumer waste generated during the production process. These fibers offer similar properties to virgin viscose fibers but have a lower environmental impact. The use of recycled viscose fibers helps in reducing waste generation, conserving resources, and minimizing carbon footprint. For example, Aditya Birla Chemicals, a leading player in the Viscose Staple Fiber market, offers a range of sustainable fibers including Birla Viscose Eco and Birla Viscose EcoSoft. These fibers are made from pre-consumer waste generated during the production of virgin viscose fibers. They have the same quality as virgin fibers but with a reduced environmental impact. PEST Analysis: Political: The Viscose Staple Fiber market is influenced by political factors such as government regulations on environmental protection and labor laws. Regulatory policies aimed at reducing carbon emissions and promoting sustainable production practices can impact the overall market dynamics. Economic: Economic factors such as GDP growth, disposable income, and consumer spending patterns play a significant role in the demand for Viscose Staple Fiber. A growing economy and increasing disposable income drive the demand for textiles and consequently, the Viscose Staple Fiber market. Social: Changing consumer preferences towards sustainable and eco-friendly products is a major social trend that impacts the Viscose Staple Fiber market. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are opting for products that align with their values. Technological: Technological advancements in the manufacturing process of Viscose Staple Fiber have helped increase production efficiency and improve product quality. Innovations such as closed-loop production processes and the use of solvent recovery systems have contributed to reducing the environmental footprint of Viscose Staple Fiber production. Key Takeaways: 1: The Global Viscose Staple Fiber Market Size is expected to witness high growth, exhibiting a CAGR of 4.3% over the forecast period, due to increasing demand for sustainable fibers. Consumers' preference for eco-friendly textiles is driving the adoption of Viscose Staple Fiber in various applications. 2: Asia Pacific is the fastest-growing and dominating region in the Viscose Staple Fiber market. The region is a major textile manufacturing hub, with countries like China, India, and Bangladesh contributing significantly to the market growth. The rising population, growing middle-class income, and favorable government policies are driving the demand for textiles in the region.

[chemicalsmaterialsnews]

Recycled Carbon Fiber Market: Sustainable Solutions for a Greener Future

The size of the recycled carbon fiber market will power at a compound annual growth rate of 7.9% during 2022-2030, to touch a value of USD 310.3 million by 2030.

Carbon fiber is mainly used in making lightweight components such as, spacecraft and aircraft parts, golf club shafts, racing car bodies, bicycle frames, automobile springs, fishing rods, sailboat masts, and many others.

The automotive and transportation category witnessed a CAGR of 10% in the years to come. This is owing to increased cooperation between automotive manufacturers and RCF producers.

Recycled carbon fiber composites are highly malleable and can be molded into any shape. Major automotive manufacturers like BMW and Volvo, are heavily investing on this malleable material to produce premium and luxury vehicles.

The U.S. Department of Energy's Vehicle Technologies have discovered that integrating bio-based epoxies and an anhydride hardener into carbon fiber components can develop an entirely recyclable material.

This advancement allows the recycling process, termed as methanolysis, by creating materials that are more easily degradable at room temperature without compromising the quality of the fiber.

Moreover, the manufacturing of recycled carbon fiber has helped in improving recycling technologies, this includes refining the techniques such as, alignment, consolidation and forming, which is important for manufacturing products with own choice of properties.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/recycled-carbon-fiber-market/report-sample

The chopped carbon fiber category accounted for approximately 70% share in the industry and it will maintain its dominance in the future as well. This is owing to the heavy consumption of this variant because of its affordability and sustainability.

Europe captured the largest revenue share in the recycled carbon fiber market of around 50%. This is due to the escalating automotive and aerospace industries in the region.

Technological advancements like composite reprocessing and mechanical recycling, surging requirement for RCF globally, and increasing use of RCF in renewable energy sector are factors powering the industry to reach great heights in the years to come.

[medicaldevicesindustrynews]

Unraveling the Marvels of Recycled Carbon Fiber: Sustainable Innovation at its Finest

There is no quarrel that carbon fibre is eco-friendly and displays a longer life cycle. However, carbon fibre uses nearly 12 times more power in its making compared with steel. This substantial power intensiveness has directed to heavy releases of greenhouse gases. Thus, the recycling process can be one of the most suitable ways to decrease this environmental effect while fulfilling worldwide…

[mostlysignssomeportents]

Tesla's Dieselgate

Elon Musk lies a lot. He lies about being a “utopian socialist.” He lies about being a “free speech absolutist.” He lies about which companies he founded:

https://www.businessinsider.com/tesla-cofounder-martin-eberhard-interview-history-elon-musk-ev-market-2023-2 He lies about being the “chief engineer” of those companies:

https://www.quora.com/Was-Elon-Musk-the-actual-engineer-behind-SpaceX-and-Tesla

He lies about really stupid stuff, like claiming that comsats that share the same spectrum will deliver steady broadband speeds as they add more users who each get a narrower slice of that spectrum:

https://www.eff.org/wp/case-fiber-home-today-why-fiber-superior-medium-21st-century-broadband

The fundamental laws of physics don’t care about this bullshit, but people do. The comsat lie convinced a bunch of people that pulling fiber to all our homes is literally impossible — as though the electrical and phone lines that come to our homes now were installed by an ancient, lost civilization. Pulling new cabling isn’t a mysterious art, like embalming pharaohs. We do it all the time. One of the poorest places in America installed universal fiber with a mule named “Ole Bub”:

https://www.newyorker.com/tech/annals-of-technology/the-one-traffic-light-town-with-some-of-the-fastest-internet-in-the-us

Previous tech barons had “reality distortion fields,” but Musk just blithely contradicts himself and pretends he isn’t doing so, like a budget Steve Jobs. There’s an entire site devoted to cataloging Musk’s public lies:

https://elonmusk.today/

But while Musk lacks the charm of earlier Silicon Valley grifters, he’s much better than they ever were at running a long con. For years, he’s been promising “full self driving…next year.”

https://pluralistic.net/2022/10/09/herbies-revenge/#100-billion-here-100-billion-there-pretty-soon-youre-talking-real-money

He’s hasn’t delivered, but he keeps claiming he has, making Teslas some of the deadliest cars on the road:

https://www.washingtonpost.com/technology/2023/06/10/tesla-autopilot-crashes-elon-musk/

Tesla is a giant shell-game masquerading as a car company. The important thing about Tesla isn’t its cars, it’s Tesla’s business arrangement, the Tesla-Financial Complex:

https://pluralistic.net/2021/11/24/no-puedo-pagar-no-pagara/#Rat

Once you start unpacking Tesla’s balance sheets, you start to realize how much the company depends on government subsidies and tax-breaks, combined with selling carbon credits that make huge, planet-destroying SUVs possible, under the pretense that this is somehow good for the environment:

https://pluralistic.net/2021/04/14/for-sale-green-indulgences/#killer-analogy

But even with all those financial shenanigans, Tesla’s got an absurdly high valuation, soaring at times to 1600x its profitability:

https://pluralistic.net/2021/01/15/hoover-calling/#intangibles

That valuation represents a bet on Tesla’s ability to extract ever-higher rents from its customers. Take Tesla’s batteries: you pay for the battery when you buy your car, but you don’t own that battery. You have to rent the right to use its full capacity, with Tesla reserving the right to reduce how far you go on a charge based on your willingness to pay:

https://memex.craphound.com/2017/09/10/teslas-demon-haunted-cars-in-irmas-path-get-a-temporary-battery-life-boost/

That’s just one of the many rent-a-features that Tesla drivers have to shell out for. You don’t own your car at all: when you sell it as a used vehicle, Tesla strips out these features you paid for and makes the next driver pay again, reducing the value of your used car and transfering it to Tesla’s shareholders:

https://www.theverge.com/2020/2/6/21127243/tesla-model-s-autopilot-disabled-remotely-used-car-update

To maintain this rent-extraction racket, Tesla uses DRM that makes it a felony to alter your own car’s software without Tesla’s permission. This is the root of all autoenshittification:

https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon

This is technofeudalism. Whereas capitalists seek profits (income from selling things), feudalists seek rents (income from owning the things other people use). If Telsa were a capitalist enterprise, then entrepreneurs could enter the market and sell mods that let you unlock the functionality in your own car:

https://pluralistic.net/2020/06/11/1-in-3/#boost-50

But because Tesla is a feudal enterprise, capitalists must first secure permission from the fief, Elon Musk, who decides which companies are allowed to compete with him, and how.

Once a company owns the right to decide which software you can run, there’s no limit to the ways it can extract rent from you. Blocking you from changing your device’s software lets a company run overt scams on you. For example, they can block you from getting your car independently repaired with third-party parts.

But they can also screw you in sneaky ways. Once a device has DRM on it, Section 1201 of the DMCA makes it a felony to bypass that DRM, even for legitimate purposes. That means that your DRM-locked device can spy on you, and because no one is allowed to explore how that surveillance works, the manufacturer can be incredibly sloppy with all the personal info they gather:

https://www.cnbc.com/2019/03/29/tesla-model-3-keeps-data-like-crash-videos-location-phone-contacts.html

All kinds of hidden anti-features can lurk in your DRM-locked car, protected from discovery, analysis and criticism by the illegality of bypassing the DRM. For example, Teslas have a hidden feature that lets them lock out their owners and summon a repo man to drive them away if you have a dispute about a late payment:

https://tiremeetsroad.com/2021/03/18/tesla-allegedly-remotely-unlocks-model-3-owners-car-uses-smart-summon-to-help-repo-agent/

DRM is a gun on the mantlepiece in Act I, and by Act III, it goes off, revealing some kind of ugly and often dangerous scam. Remember Dieselgate? Volkswagen created a line of demon-haunted cars: if they thought they were being scrutinized (by regulators measuring their emissions), they switched into a mode that traded performance for low emissions. But when they believed themselves to be unobserved, they reversed this, emitting deadly levels of NOX but delivering superior mileage.

The conversion of the VW diesel fleet into mobile gas-chambers wouldn’t have been possible without DRM. DRM adds a layer of serious criminal jeopardy to anyone attempting to reverse-engineer and study any device, from a phone to a car. DRM let Apple claim to be a champion of its users’ privacy even as it spied on them from asshole to appetite:

https://pluralistic.net/2022/11/14/luxury-surveillance/#liar-liar

Now, Tesla is having its own Dieselgate scandal. A stunning investigation by Steve Stecklow and Norihiko Shirouzu for Reuters reveals how Tesla was able to create its own demon-haunted car, which systematically deceived drivers about its driving range, and the increasingly desperate measures the company turned to as customers discovered the ruse:

https://www.reuters.com/investigates/special-report/tesla-batteries-range/

The root of the deception is very simple: Tesla mis-sells its cars by falsely claiming ranges that those cars can’t attain. Every person who ever bought a Tesla was defrauded.

But this fraud would be easy to detect. If you bought a Tesla rated for 353 miles on a charge, but the dashboard range predictor told you that your fully charged car could only go 150 miles, you’d immediately figure something was up. So your Telsa tells another lie: the range predictor tells you that you can go 353 miles.

But again, if the car continued to tell you it has 203 miles of range when it was about to run out of charge, you’d figure something was up pretty quick — like, the first time your car ran out of battery while the dashboard cheerily informed you that you had 203 miles of range left.

So Teslas tell a third lie: when the battery charge reached about 50%, the fake range is replaced with the real one. That way, drivers aren’t getting mass-stranded by the roadside, and the scam can continue.

But there’s a new problem: drivers whose cars are rated for 353 miles but can’t go anything like that far on a full charge naturally assume that something is wrong with their cars, so they start calling Tesla service and asking to have the car checked over.

This creates a problem for Tesla: those service calls can cost the company $1,000, and of course, there’s nothing wrong with the car. It’s performing exactly as designed. So Tesla created its boldest fraud yet: a boiler-room full of anti-salespeople charged with convincing people that their cars weren’t broken.

This new unit — the “diversion team” — was headquartered in a Nevada satellite office, which was equipped with a metal xylophone that would be rung in triumph every time a Tesla owner was successfully conned into thinking that their car wasn’t defrauding them.

When a Tesla owner called this boiler room, the diverter would run remote diagnostics on their car, then pronounce it fine, and chide the driver for having energy-hungry driving habits (shades of Steve Jobs’s “You’re holding it wrong”):

https://www.wired.com/2010/06/iphone-4-holding-it-wrong/

The drivers who called the Diversion Team weren’t just lied to, they were also punished. The Tesla app was silently altered so that anyone who filed a complaint about their car’s range was no longer able to book a service appointment for any reason. If their car malfunctioned, they’d have to request a callback, which could take several days.

Meanwhile, the diverters on the diversion team were instructed not to inform drivers if the remote diagnostics they performed detected any other defects in the cars.

The diversion team had a 750 complaint/week quota: to juke this stat, diverters would close the case for any driver who failed to answer the phone when they were eventually called back. The center received 2,000+ calls every week. Diverters were ordered to keep calls to five minutes or less.

Eventually, diverters were ordered to cease performing any remote diagnostics on drivers’ cars: a source told Reuters that “Thousands of customers were told there is nothing wrong with their car” without any diagnostics being performed.

Predicting EV range is an inexact science as many factors can affect battery life, notably whether a journey is uphill or downhill. Every EV automaker has to come up with a figure that represents some kind of best guess under a mix of conditions. But while other manufacturers err on the side of caution, Tesla has the most inaccurate mileage estimates in the industry, double the industry average.

Other countries’ regulators have taken note. In Korea, Tesla was fined millions and Elon Musk was personally required to state that he had deceived Tesla buyers. The Korean regulator found that the true range of Teslas under normal winter conditions was less than half of the claimed range.

Now, many companies have been run by malignant narcissists who lied compulsively — think of Thomas Edison, archnemesis of Nikola Tesla himself. The difference here isn’t merely that Musk is a deeply unfit monster of a human being — but rather, that DRM allows him to defraud his customers behind a state-enforced opaque veil. The digital computers at the heart of a Tesla aren’t just demons haunting the car, changing its performance based on whether it believes it is being observed — they also allow Musk to invoke the power of the US government to felonize anyone who tries to peer into the black box where he commits his frauds.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/07/28/edison-not-tesla/#demon-haunted-world

This Sunday (July 30) at 1530h, I’m appearing on a panel at Midsummer Scream in Long Beach, CA, to discuss the wonderful, award-winning “Ghost Post” Haunted Mansion project I worked on for Disney Imagineering.

Image ID [A scene out of an 11th century tome on demon-summoning called 'Compendium rarissimum totius Artis Magicae sistematisatae per celeberrimos Artis hujus Magistros. Anno 1057. Noli me tangere.' It depicts a demon tormenting two unlucky would-be demon-summoners who have dug up a grave in a graveyard. One summoner is held aloft by his hair, screaming; the other screams from inside the grave he is digging up. The scene has been altered to remove the demon's prominent, urinating penis, to add in a Tesla supercharger, and a red Tesla Model S nosing into the scene.]

Image: Steve Jurvetson (modified) https://commons.wikimedia.org/wiki/File:Tesla_Model_S_Indoors.jpg

CC BY 2.0 https://creativecommons.org/licenses/by/2.0/deed.en

[industryinsightsandanalysis]

Recycled Carbon Fiber Market: Sustainability and Innovation Driving Growth

The recycled carbon fiber market is gaining momentum as industries seek sustainable alternatives to traditional materials. Recycled carbon fiber, known for its lightweight, high-strength, and cost-effective properties, is finding increasing applications across various sectors, including automotive, aerospace, construction, and sports equipment. As environmental concerns and resource efficiency become paramount, the market for recycled carbon fiber is poised for substantial growth. This article explores the current trends, key drivers, applications, and future outlook of the recycled carbon fiber market.

Market Overview

The global recycled carbon fiber market was valued at approximately USD 150 million in 2022 and is projected to reach USD 350 million by 2030, growing at a CAGR of around 11.5% during the forecast period. This growth is driven by the rising demand for sustainable materials, advancements in recycling technologies, and increasing applications in high-performance industries.

Key Drivers

1. Environmental Sustainability: As industries strive to reduce their environmental footprint, the demand for sustainable materials like recycled carbon fiber is increasing. Recycled carbon fiber offers a greener alternative to virgin carbon fiber, significantly reducing waste and lowering energy consumption during production.

2. Cost Efficiency: Recycled carbon fiber is more cost-effective than virgin carbon fiber, making it an attractive option for industries looking to optimize costs without compromising on performance. The lower price point is particularly beneficial for sectors like automotive and construction, where cost considerations are critical.

3. Technological Advancements: Innovations in recycling technologies are enhancing the quality and performance of recycled carbon fiber. Improved processes for fiber recovery and treatment are resulting in higher-quality recycled fibers that can compete with virgin fibers in demanding applications.

4. Regulatory Pressures: Governments and regulatory bodies worldwide are implementing stricter regulations to promote recycling and reduce landfill waste. These regulations are driving the adoption of recycled materials, including carbon fiber, across various industries.

For a comprehensive analysis of the market drivers:- https://univdatos.com/report/recycled-carbon-fiber-market/

Applications

Recycled carbon fiber is used in a variety of applications across multiple industries:

- Automotive: The automotive industry is a significant consumer of recycled carbon fiber, using it to produce lightweight, high-strength components that improve fuel efficiency and reduce emissions. Applications include interior and exterior parts, structural components, and under-the-hood parts.

- Aerospace: In the aerospace industry, weight reduction is critical for improving fuel efficiency and performance. Recycled carbon fiber is used in the manufacture of aircraft interiors, secondary structures, and other non-critical components where cost savings are essential.

- Construction: The construction sector uses recycled carbon fiber for reinforcing concrete and other building materials. Its high strength-to-weight ratio enhances the durability and longevity of structures while reducing overall weight.

- Sports Equipment: Recycled carbon fiber is increasingly used in the production of sports equipment such as bicycles, tennis rackets, and golf clubs. Its lightweight and high-strength properties enhance the performance and durability of these products.

- Consumer Goods: The consumer goods sector is also adopting recycled carbon fiber for various applications, including electronics, luggage, and outdoor gear. Its aesthetic appeal and performance benefits make it an attractive material for high-end products.

Regional Insights

The recycled carbon fiber market is geographically diverse, with significant growth observed in North America, Europe, and Asia-Pacific.

- North America: The North American market is driven by the automotive and aerospace industries' demand for sustainable materials. The presence of major manufacturers and advancements in recycling technologies also contribute to market growth.

- Europe: Europe is a significant player in the recycled carbon fiber market, with strong regulatory frameworks promoting recycling and sustainability. Countries like Germany, the UK, and France are leading in the adoption of recycled carbon fiber in various applications.

- Asia-Pacific: The Asia-Pacific region is experiencing rapid market growth, fueled by expanding industrial activities and increasing awareness of sustainability. China, Japan, and South Korea are key markets, with significant demand from the automotive and construction sectors.

For a sample report, visit:- https://univdatos.com/get-a-free-sample-form-php/?product_id=34471

Future Prospects

The future of the recycled carbon fiber market looks promising, with several trends expected to shape its trajectory:

- Increased Adoption in High-Performance Industries: As the quality of recycled carbon fiber continues to improve, its adoption in high-performance industries like aerospace and automotive is expected to increase. These industries will benefit from the material's cost efficiency and sustainability.

- Expansion in Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, are expected to drive significant demand for recycled carbon fiber. Growing industrial activities and rising environmental awareness in these regions will contribute to market expansion.

- Focus on Circular Economy: The emphasis on circular economy practices will drive the development and use of recycled carbon fiber. Companies will increasingly focus on creating closed-loop systems that minimize waste and maximize resource efficiency.

- Technological Innovations: Ongoing research and development will lead to further advancements in recycling technologies, enhancing the quality and performance of recycled carbon fiber. Innovations in fiber recovery, processing, and treatment will expand its application scope.

In conclusion, the recycled carbon fiber market is set for robust growth, driven by the increasing demand for sustainable materials, cost efficiency, and technological advancements. As industries continue to prioritize sustainability and resource efficiency, recycled carbon fiber will play a crucial role in shaping the future of materials science and industrial production.

Contact Us:

UnivDatos Market Insights

Email - contact@univdatos.com

Contact Number - +1 9782263411

Website -www.univdatos.com

[actu24hp]

Global Recycled Carbon Fiber Market Overview by Industry Size, Share, Future Trends, Growth Factors To 2028

The most recent research study provides a thorough investigation of the worldwide Recycled Carbon Fiber Market for the years 2022-2028, which is useful for companies of any size regardless of their sales. This survey investigation takes into account the significant market and industry strategy for COVID-19 in the years to come. The research that Recycled Carbon Fiber conducted on the market…

[solicotanks]

1966: The Genesis of Solico Group

In 1966, Solico Group emerged onto the scene, catering to the flourishing construction industry in the UAE. The company's initial focus was on delivering cutting-edge Composite products, laying the groundwork for its subsequent global expansion and the introduction of groundbreaking solutions like Solico Tanks.

1984: Pioneering Water Storage Solutions

A watershed moment occurred in 1984 when Solico introduced a revolutionary water storage solution – hot-pressed GRP panel-type water tanks. By partnering with the esteemed Japanese brand Bridgestone, Solico swiftly captured market share, transforming conventional water storage practices towards cleaner and healthier alternatives. This strategic collaboration, coupled with a robust global marketing initiative, marked a paradigm shift in the industry.

2000: Innovation, Growth, and a New Manufacturing Hub

After years of innovation, commercial success, and expansion, Solico relocated to a state-of-the-art 220,000 sq ft manufacturing facility in Jebel Ali, Dubai, in 2000. This move facilitated an expansion of product offerings and processes, incorporating Polyurethane molding, SMC hot-press compression molding, and thermoforming. Solico earned acclaim as a supplier of premium OEM products to globally recognized brands.

2001: Diversification into Boat Manufacturing

In 2001, Solico diversified its portfolio by launching the boat business division ASIS. Leveraging expertise in fiber wet and pre-preg lay-up processes, this venture yielded successful products, including rigid inflatable boats for renowned brands like Zodiac, ASIS, and Ocean Craft Marine.

2003: Expanding Manufacturing Capacities

Rapid expansion led Solico to embark on the second phase of its manufacturing facility in 2003, significantly increasing production capacities to accommodate future projects.

2004: SWS Board Technology and Sports Manufacturing Leadership

The launch of SWS Board Technology in 2004 marked Solico's entry into the water sports business, specializing in compression molding and Polyurethane molding. The company played a pivotal role in designing and manufacturing OEM products for globally respected sports brands.

2012: Next-Generation GRP Panel-Type Water Tanks

In 2012, Solico introduced a hot-press SMC manufacturing plant for its advanced GRP panel-type water tanks. The brand Solico Tanks was officially launched, signaling a new chapter in the group's illustrious history.

2016: Golden Jubilee Celebration

In 2016, Solico Group celebrated its 50th anniversary, a testament to five decades of remarkable achievements. The company had become one of the world's most esteemed suppliers and OEM manufacturers of quality molded composite products, with a strong focus on the American and European markets.

2019: Third-Phase Facility Expansion

Solico Group initiated the third-phase expansion of its manufacturing facility in 2019, increasing it to an impressive 400,000 ft2. This expansion aimed to meet the escalating demand for its diverse range of products and services.

2020: Commitment to Sustainability

In 2020, Solico Group underscored its commitment to sustainability by installing solar panels on the roof of its Jebel Ali manufacturing facility. This initiative aimed to reduce the company's carbon footprint and align with eco-friendly practices.

2023: Advancements in Research and Development

Since the inception of Solico Tanks, continuous investments in research and development have expanded the product range and enhanced product effectiveness. The company now boasts the capability to design and manufacture 6-meter-high water tanks with varying seismic classes, ensuring secure water supplies in some of the world's most vulnerable regions.

[umadeochake]

Automotive Wheels Market Quantitative and Qualitative Analysis | Industry Challenges and Forecast till 2037

Research Nester assesses the growth and market size of the global automotive wheels market, anticipated to be on account of rising sales of lightweight vehicles with the growing need for advanced features

Research Nester’s recent market research analysis on “Automotive Wheels Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and an overview of the global automotive wheels market in terms of market segmentation by material type, vehicle type, end user, and by region.

Growing need for lightweight vehicles with advanced features to Promote Global Market Share of the Automotive Wheels Market

The global automotive wheels market has witnessed remarkable growth in recent years owing to the rising demands for enhanced vehicle performance, safety measures, and efficient technology. Manufacturers strive to incorporate innovation and advanced techniques into the wheel that offer an outstanding overall driving experience for consumers by making the vehicle fuel-efficient with apt vehicle handling methods and advanced features.

Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-6439

Some of the key growth factors and challenges of the global automotive wheels market include:

Growth Drivers:

Growing focus on vehicle safety and performance

Expanding global vehicle production

Challenges:

The fluctuations in raw material prices pose a critical challenge for the automotive wheels market as the changes in the key materials such as aluminum, steel, alloys, and carbon fiber can compel manufacturers to modify their pricing strategies clubbed with negotiation with consumers.

The aluminum segment is expected to register a significant CAGR during the forecast period owing to increasing inclination towards lightweight vehicles with advanced features and availability of a wide range of wheel types including customized designs, and enhanced safety measures.

Request for Customization @ https://www.researchnester.com/customized-reports-6439

By region, the Asia Pacific automotive wheels market is to generate the highest revenue of 33.2% by the end of 2037 owing to the region's consistently expanding production base, the existence of prominent players clubbed with rising demand for passenger and commercial vehicles. The favorable business dynamics have attracted foreign investments, fostering growth and innovation in the market. For instance, Ronal Group inaugurated a new facility in Shiyan, China in 2022, with an investment of 33.2 million to produce high-quality aluminum, catering to fulfill the increasing inclination towards premium vehicles.

This report also provides the existing competitive scenario of some of the key players of the Ronal Group, Enkei Corporation, TOPY Industries Limited, Rane Group, MRF Limited, Wheels India, and others.

Access the detailed report @ https://www.researchnester.com/reports/automotive-wheel-market/6439

About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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AJ Daniel

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