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North America is expected to be the largest market of carbon fibre composites for prosthetics. Over 39.1% of sales in this market are contributed by North America , led by the U.S. Sales of carbon fibre composites for prosthetics in Asia Pacific are expected to account for over 20.7% of sales in 2022.

NEWARK, Del. , Aug. 9, 2022 /PRNewswire/ -- The global carbon fibre composites market is anticipated at US$ 18.6 Billion in 2021. Due to the increasing adoption of carbon fiber composite materials in aerospace and automotive sectors, owing to several advantages are provided by these materials, thereby, garnering US$ 37.8 Billion in 2032, recording a CAGR of 6.5% from 2022-2032. The market is likely to secure US$ 19.81 Billion in 2022.

Continuous breakthroughs in advanced carbon fibre composites, such as Carbon Fiber Reinforced Thermoplastic (CFRTP), as well as their vastly increased use in high-volume vehicles, will propel industry growth.  Carbon fibre composites' unique characteristics, such as extreme strength, lightweight, corrosion resistance, equitable chemical reactivity, X-ray transparency, thermal conductivity, and low coefficient of thermal expansion, have elevated their relevance in heavy-duty applications.

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A matrix material is utilized in a wide range of industries to provide adequate physical, thermal, mechanical, and electrical properties. Notably, favourable regulatory norms to lessen vehicular emissions are expected to aid the growth of the carbon fibre composites market during the analysis period.

Key Takeaways from the Market Study

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"To achieve the modifying demands of consumers, manufacturers are making significant investments in the carbon fibre composites. Heavy investments aid in the technological development and offer a wide range of benefits, which is estimated to positively impact the market in the forecast period."

Key players in the global carbon fibre composites market include Toray+Zoltek, SGL, Toho, MRC, Hexcel, Rock West Composites, Solvay, and Hengshen, among others. Recent key developments among players are:

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Key Segments Covered In The Carbon Fiber Composites Industry Survey

Carbon Fiber Composites Market by End Use:

Carbon Fiber Composites Market by Matrix Material:

Carbon Fiber Composites by Region:

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Future Market Insights, in its new offering, presents an unbiased analysis of the global carbon fiber composites market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis by End-Use (Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine), and Matrix Material (Polymer [Thermosetting, Thermoplastics], Carbon, Ceramic, Metal, Hybrid) & Region (North America , Europe , Asia-Pacific , Middle East & Africa , and Latin America ).

About the Chemicals & Materials Division at Future Market Insights

The chemicals & materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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