3 Key Insights on the US$ 35 Billion Opportunity in the Global Carbon Fiber Composites Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by the growing usage of carbon fiber material in automotive, wind power, aerospace, sports goods, and other industries. The Global Carbon Fiber Composites Market is forecasted at approximately US$ 35 Bn by 2028 says Ken Research Study Carbon Fiber is a long, thin strand of material, formed mostly of carbon items. The carbon items are combined in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. Carbon fiber is a polymer and is sometimes called graphite fiber. Carbon fiber is stronger and lighter than steel, which makes it ideal for manufacturing materials for multiple parts such as sports goods, automobile parts, airplane body structures, and others. “Ken Research shares 3 key insights on this high-opportunity market from its latest research study.” 1. Increasing Demand for Carbon Fiber in Aerospace Industry, is a Driving Factor for This Market. According to Ken Research Analysis, the Global Carbon Fiber Composites Market was valued at US$ 12 billion in 2017, it is estimated to be ~US$ 20 billion in 2022 and is forecasted to reach a market size of ~US$ 35 billion opportunities by 2028. As per International Air Transportation Association (IATA), a trade association for the world’s airlines, mentioned in the fact sheet for June 2022, cargo aerospace revenue is US$ 100.08 billion and is estimated to grow by US$ 191 billion from 2019 to 2022. Furthermore, In July 2022, Hexcel announced it has signed a long-term agreement with Dassault to supply carbon fiber prepreg for the falcon 10X program. Carbon fiber is mostly used everywhere in aircraft. For instance, the Boeing 787 Dreamliner passenger plane is composed of 50% composite material by weight, with the major portion of composite material being carbon fiber. The growing aerospace industry is likely to boost the Carbon Fiber Composite Market. 2. Surging Wind Energy Sector, is Likely to Fuel the Carbon Fiber Composites Market Growth. According to the BP Statistical Review of World Energy 2022, a total of 824.9 of wind turbine capacity in gigawatts (GW) was installed worldwide. China held the majority of the market share 39.9%, and the USA covered the 2nd position with 16.1% of total wind turbines installed worldwide. Furthermore, the carbon fiber material is used in the manufacturing of turbine blades, which results in higher efficiency, is lightweight, stiffer, and also provides a lower Levelized cost of energy. Furthermore, increasing government initiatives toward clean energy to reduce carbon emissions and other environmental issues. All these factors combine, will lead to the advancement of the wind energy sector, which is likely to impact positively in the carbon fiber composite market. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTIy 3. High Prices of Carbon Fiber as Compared to Other Materials, are Likely to Hamper this Market. Composites are used in numerous industries including aerospace, automotive, wind energy, industrial, marine, oil, and gas. Carbon fiber composites are highly used in high-performance automobiles, jet fighters, spacecraft, racing cars, and others. Cost of the carbon fiber composites is the major factor restraining the wide spread of material used in industry. Substitute composites of carbon fibers such as glass fiber, aluminum, copper, basalt fiber, and natural fiber, pose a serious threat to the growth of the carbon fiber composite market because of having similar end-use applications and being cost-effective. For more information on the research report, refer to the below link:- Global Carbon Fiber Composites Market Post Views: 5 Tags: Aerospace & Defence Carbon Fiber Composites Market, Africa Global Carbon Fiber Composites Market, Anshan Sinocarb Carbon Fibers Composites Market, Asia Pacific Global Carbon Fiber Composites Market, Automotive Carbon Fiber Composites Market, Carbon Fiber Composites Market, Carbon Fiber Composites Market Trends, Carbon Fiber Composites Raw Material Suppliers, Carbon Fiber Composites VC Investors Virgin Carbon Fiber Composites Market, Carbon Fiber Market, Challenges in Growth of Carbon Fiber Composites Market, Civil Engineering Carbon Fiber Composites Market, Competitors in Carbon Fiber Composites Market, Demand for Carbon Fiber Composites in Industrial Sector, Distributors of Carbon Fiber Composites, Emerging Companies in Carbon Fiber Composites Market, Europe Global Carbon Fiber Composites Market, Global Carbon Fiber Composites End User industry, Global Carbon Fiber Composites Industry, Global Carbon Fiber Composites Market, Global Players in Carbon Fiber Composites, Graphite Fibers Demand, Hexcel Corp Carbon Fiber Composites Market, Hyosung Carbon Fiber Composites Market, Latin America Global Carbon Fiber Composites Market, Leading Players in Carbon Fiber Composites Market, Middle East Global Carbon Fiber Composites Market, Mitsubishi Carbon Fiber Composites Market, Nippon Graphite Fiber Composites Market, North America Carbon Fiber Composites Market, Opportunities in Carbon Fiber Composites Market, Petroleum Pitch Carbon Fiber Composites Market, Polyacrylonitrile (PAN) Carbon Fiber Composites Market, Polyacrylonitrile Carbon Fiber Composites Manufacturers, Rayon Carbon Fiber Composites Market, Recycled Carbon Fiber Composites Market, SGL Carbon Fiber Composites Market, Solway Carbon Fiber Composites Market, Sport Goods Carbon Fiber Composites Market, Startups in Carbon Fiber Composites, Teijin Carbon Fiber Composites Market, Top Carbon Fiber Composites Companies, Top Carbon Fiber Composites Manufacturing Companies, Toray Carbon Fiber Composites Market, USA Global Carbon Fiber Composites Market, Wind Energy Carbon Fiber Composites Market