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Growth in Automotive Industry Expected to Drive Global Carbon Fiber-Reinforced Carbon Matrix Composite Market: Ken Research
April 2020

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Carbon Fiber is a polymer and is also known as graphite fiber. It is a lightweight robust material which is nearly five-times tougher and twice stiffer than steel. The carbon fiber is made of crystalline strands of carbon which is used to reinforce the material. The carbon fiber can also as thinner than a strand of human hair and gets strength when warped together like yarn. Carbon fiber is a long, thin component of material made from carbon which is more than 90% of the standard modulus carbon. The carbon fiber is shaped as PAN, pitch, rayon, or other organic fiber in an inert atmosphere to dissociate elements other than carbon. Originally, carbon fibers were not extensively recognized due to its limited compression strength and high price. However, a lot of growth has been made on carbon fiber, and its use is extensive in various end-use industries such as aerospace & defense, automotive, and others.

According to study, “Global Carbon Fiber-Reinforced Carbon Matrix Composite Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the key players operating in the market are Tokai Carbon, Mersen, Chongde Carbon Tech, Toyo Tanso, Messier, Goodrich, Bendix, Goodyear, Dunlop. The Carbon Fiber-Reinforced Carbon Matrix is expected to rise due to high claim for materials with exceptional strength, chemical and corrosion resistance properties. It is still a challenge to use over for large applications owing to its high cost. The automotive industry one of the sectors creating a substantial opportunity for the carbon fiber composites as they are introduced in high-end and luxury cars due to their high cost.

The global carbon fiber-reinforced carbon matrix composite market is segmented into by type and application. Based on type, the market is segmented into PAN based and Pitch type. The PAN-based carbon fiber dominates the overall carbon fiber market is widely appropriate for the aerospace & defense, automotive, sports & recreation, wind energy, and other industries. This fiber has high strength modulus in evaluation to other types of carbon fibers. The PAN-based carbon fiber is most used due to its cost-effectiveness and improved value of fiber shaped. The increase in demands of materials, along with government enterprises for reducing the injurious gas emissions and raise fuel efficiency, is predictable to drive the market for carbon fiber for automotive applications.

The carbon fiber also has high chemical resistance, tensile strength, stiffness, and low thermal expansion and weight properties which makes it appropriate for aerospace application. The carbon fiber is also used for designing, assembling, and manufacturing different types of aircraft. Based on the application market is segmented as industrial, aerospace, defense and others. The carbon fiber composite constituents provide high-performance and weightless features to meet hard industry standards. The carbon fibers offer high modulus and specific strength, fatigue strength, stiffness, and pressure-withstanding the increased capacity. The low thermal expansion coefficient, corrosion resistance, and coupled with other beneficial properties aiding the widely it’s used for automotive and other industrial applications. They also aid in reducing fuel consumption and the reduction of the overall weight of aircraft. In the upcoming years, it is estimated that the future of the market will be optimistic as a result of growth in the automotive industry during the forecast period.

For More Information on the Research Report, refer to below links: -

Global Carbon Fiber-Reinforced Carbon Matrix Composite Industry

Related Reports: –

Global Carbon Fiber-Reinforced Carbon Matrix Composite Market Analysis 2013-2018 and Forecast 2019-2024

Carbon Fiber-Reinforced Carbon Matrix Composite Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249