Carbon Composites Market Segmentation:
Matrix Segment Analysis
Polymer segment is anticipated to capture around 53% carbon composites market share by the end of 2035. This growth will be seen due to its higher adaptability in various applications. In contrast to 1163 kg of iron and steel, an average vehicle uses 150–300 kg of plastics and plastic composites; as of late, it has been moving around 15-20% of the car's overall weight or more than 2,000 pieces and materials of various sizes and forms.
Although up to 13 various polymers may be utilized in a single car model, just three kinds of plastics fabricate about 66 % of the total plastics utilized in a car polypropylene (32%), polyurethane (17 %), PVC (16 %).
Application Segment Analysis
By the end of 2035, aerospace & defense segment is predicted to dominate around 46% carbon composites market share. The increasing expansion of the aerospace and defense sector will help this segment to advance.
Its supremacy is the outcome of the fact that carbon composites are massively used in making lightweight aviation and defense equipment. According to the Oklahoma Commerce Government Association, the state is home to about 1,100 aerospace organizations, including manufacturers, MRO, R&D, the military, and others.
End-Use Segment Analysis
In carbon composites market, automotive segment is projected to hold over 35% revenue share by the end of 2035. This growth will be noticed due to the increasing expansion of the automotive industry globally and the rising use of carbon composites to make lightweight engines. Global auto sales will rise overall, but by 2030, the yearly growth rate is predicted to fall from the 3.6 percent seen over the previous five years to about 2 percent.
Our in-depth analysis of the global carbon composites market includes the following segments:
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