Continuous Fiber Composites Market is estimated to be US$ 6 billion by 2034; Rising Demand for Lightweight Materials to Propel Market Growth

Published Date: June 2024

Continuous Fiber Composites are advanced composite materials that consist of a continuous fiber reinforcement embedded in a matrix material. Unlike traditional composites, where the fibers are discontinuous or randomly oriented, continuous fiber composites feature uninterrupted fibers running throughout the structure. This arrangement provides exceptional strength, stiffness, and durability to the composite material. The manufacturing process of continuous fiber composites involves impregnating the fibers with a liquid resin matrix, which is then cured to solidify the composite structure.

Continuous fiber composites have found applications in a wide range of industries beyond aerospace and automotive. Industries such as wind energy, sporting goods, construction, and marine have recognized the benefits of continuous fiber composites and are incorporating them into their products. The versatility and adaptability of continuous fiber composites have opened up new market opportunities and driven their rapid growth.

The report Continuous Fiber Composites Market, By Form Type (Non-Crimp Fabrics, Woven Fabrics, Unidirectional Tape, and Others), By Resin Type (Thermoplastic Composites and Thermoset Composites), By Reinforcement Type (Carbon Fiber Composites, Glass Fiber Composites, and Other Composites), By End-use Industry Type (Automotive, Aerospace & Defense, Wind Energy, Sporting Goods, Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In May 2023, Orbital Composites has launched its latest product “Orbital e-” it is an affordable yet highly capable robotic Additive Manufacturing (AM) system tailor-made for education and research customers. A six-axis robotic arm, a sizable 1.2m x 1.2m build platform, and the ability to use aerospace-grade thermoplastic filaments are just a few of the typical features offered by the Orbital e-. The system has Orb OS, a cutting-edge real-time robot control software, which improves the printing process' precision and accuracy.

  • In August 2022, Trelleborg launches low-friction thermoplastic composite bearing. A dual-layer bearing with a low-friction PEEK liner that also serves as an impermeable sealing surface, the HiMod Advanced Composite Bearing Plus also has 50% less sliding friction and improved wear performance.
  • In September 2022, NCC launched U.K. initiative to industrialize continuous carbon fiber reclamation. An important step towards achieving net-zero goals, the NCC launches a three-year program to quickly improve and scale industrial continuous carbon fibre recycling.

Analyst View:

The demand for lightweight materials is projected to continue growing across industries such as aerospace, automotive, and transportation. Continuous fiber composites offer a compelling solution with their high strength-to-weight ratio, enabling substantial weight savings and improved fuel efficiency. As industries prioritize light weighting initiatives, the demand for Continuous Fiber Composites Market is expected to rise.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Continuous Fiber Composites Market, By Form Type (Non-Crimp Fabrics, Woven Fabrics, Unidirectional Tape, and Others), By Resin Type (Thermoplastic Composites and Thermoset Composites), By Reinforcement Type (Carbon Fiber Composites, Glass Fiber Composites, and Other Composites), By End-use Industry Type (Automotive, Aerospace & Defense, Wind Energy, Sporting Goods, Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Continuous Fiber Composites Market was valued at US$ 2.9 Billion in 2024 and is projected to grow at a CAGR of 8.40% to reach US$ 6 Billion by 2034. Continuous Fiber Composites Market is segmented based on Form Type, Resin Type, Reinforcement Type, End-use Industry Type and Region.

  • Based on Form Type, Continuous Fiber Composites Market is segmented into Non-Crimp Fabrics, Woven Fabrics, Unidirectional Tape, and Others.
  • Based on Resin Type, Continuous Fiber Composites Market is segmented into Thermoplastic Composites and Thermoset Composites.
  • Based on Reinforcement Type, Continuous Fiber Composites Market is segmented into Carbon Fiber Composites, Glass Fiber Composites, and Other Composites.
  • Based on End-use Industry Type, Continuous Fiber Composites Market is segmented into Automotive, Aerospace & Defense, Wind Energy, Sporting Goods, Electronics, and Others.
  • By Region, the Continuous Fiber Composites Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Continuous Fiber Composites Market:

The prominent players operating in the Continuous Fiber Composites Market includes, Celanese Corporation, Huntsman Corporation, Chomarat, Cytec Solvay Group, Gurit Holding AG, Johns Manville, Hexcel Corporation, Daimler AG, ElringKlinger AG, and Ford Motor Company.

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