Transparency Market Research Releases The Global Carbon Fiber Market, Which Is Expected To Exceed US $3 Billion 400 Million.

The company released a new market report entitled "2018-2026 year global carbon fiber market industry analysis, scale, share, growth, trend and forecast".

According to the report, it is estimated that the value of the global carbon fiber market will reach more than US $3 billion 400 million by 2026, and the composite annual growth rate will reach 6.8% from 2018 to 2026.

The composite manufacturing industry uses carbon fiber to manufacture various end use components such as automobiles and pportation, aerospace and defense.

Increased demand for vehicle lightweight to control carbon dioxide emissions

Compared with traditional steel and injection molded automobile parts, carbon fiber has many advantages in structure and weight.

Carbon fiber has the characteristics of high rigidity, tensile strength, temperature resistance, light weight and thermal expansion.

Therefore, these are a good choice in automobile manufacturing.

Carbon fiber is mainly used for automotive interior, such as dashboard, pmission lever and dashboard, and external applications such as gate posts, vent and fuel tank covers.

Compared with traditional steel, CFRP has excellent impact resistance.

The steel absorbs about 35J / kg of energy, while the carbon fiber composite absorbs almost two times the energy.

Therefore, in addition to reducing weight, carbon fiber is also better protected in vehicles.

Carbon fiber is widely used in racing cars, super sports cars and mid - and high-end sports cars, such as Chevrolet's Corvette.

Due to the recent development of the market, carbon fiber is used more and more in BMW and Mercedes Benz.

Stringent government regulations on fuel efficiency and additional safety regulations are expected to increase their use in light vehicles.

This in turn has promoted the development of the carbon fiber market.

This trend is expected to continue in the forecast period.

By the end of 2010, the percentage of composite materials used in aircraft increased to nearly 40%.

By 2015, the utilization of composite materials will increase to more than 50% of the total weight of aircraft.

Carbon fiber is used to manufacture various aircraft parts.

The global aerospace industry is expected to develop rapidly in the forecast period.

Due to the increase in aircraft production, it is expected that the composite will be combined.

In particular, the consumption of CFRP will increase during the forecast period.

In the past few years, glass fiber composites have been widely used in the aerospace industry.

However, due to the limitations of fiberglass properties, the latest development of carbon fiber composites and the growing demand for lightweight and high strength materials, the use of carbon fibers will increase significantly during the forecast period.

Over 50% of Airbus A350 XWB and Boeing 787 fuselage are made of carbon fiber composites.

The growth of demand for aerospace applications is expected to drive the development of the carbon fiber market in the forecast period.

In terms of consumption and revenue, the Asia Pacific region dominated carbon fiber in 2017.

It is expected to continue to maintain its dominant position in the forecast period.

China and Japan are global carbon.

The main manufacturers and consumers.

Due to the existence of major manufacturing facilities such as automobiles and shipbuilding, Japan has a large share of the carbon fiber market in the Asia Pacific region and the world.

European carbon market is expected to grow at a high growth rate due to the increased use of carbon fiber in the automotive and pportation applications.

In addition, due to the increased use of carbon fibers in North American aircraft parts, North America is expected to create profitable opportunities for the global carbon fiber market.

In Latin America, Brazil was the main consumer of carbon fiber in 2017.

Due to the low utilization of carbon fiber in the Middle East and Africa, the carbon fiber market in the region may develop at a slow rate during the forecast period.