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

Report Code: PMI376219 | Publish Date: May 2024 | No. of Pages: 180

Global Continuous Fiber Composites Market Overview

Continuous Fiber Composites Market was valued at US$ 2.9 Billion in 2024 and is projected to grow at a CAGR of 8.4% to reach US$ 6 Billion by 2034.

Continuous fiber composites are a different material that offers superior combination of stiffness and lightweight. They are also easy to process, freely formable, and recyclable. Due to their features, such as stiffness, lightweight, etc., continuous fiber composites have gained popularity in many fields, such as aerospace, automotive industry, military, electronics and so on. Composite is one of the most versatile materials with the combination of different resins, fibers, and core materials. The different manufacturing processes availability further raises the complexity of these materials. Also, there are different forms of fibers including chopped, continuous, and milled, whose selection is based on different requirements of applications including part strength, part cost, part complexity, and part geometry. 

Global Continuous Fiber Composites Market Dynamics

The continuous fiber composites market is driven by increasing organic growth of composite rich end-use industries including automotive and aerospace & defense. In addition, introduction of stringent government regulations regarding the fuel efficiency enhancements and the carbon emission reductions is also boosting growth of the target market. Moreover, superior performance of continuous fiber composites over traditional metals includes steel and aluminum is expected to fuel growth of the target market over the forecast period.  Both carbon fibers as well as glasses are increasingly used in various applications, owing to their distinct advantages. However, high cost of carbon fibers may hamper growth of the target market over the forecast period. Nevertheless, major key players are working closely with composite industry stakeholders with regards to increasing the composites content in their upcoming vehicle models. For instance; BMW launched BMW i3 vehicle using carbon composite passenger cell. It is the world’s first mass-produced model with high carbon composites content in the auto industry.

Global Continuous Fiber Composites Market Segmentation

The continuous fiber composites market is segmented based on form type, resin type, reinforcement type, end-use industry type, and region.

On the basis of form type, the global continuous fiber composites market is segmented into non-crimp fabrics, woven fabrics, unidirectional tape, and others. Woven fabric form type is projected to maintain its dominance over the forecast period. This is mainly attributed due to high usage in various end-use industries including wind energy, electronics, and automotive. On the basis of resin type, the target market is classified into thermoplastic composites and thermoset composites. Based on reinforcement type, the target market is segmented into carbon fiber composites, glass fiber composites, and other composites. Glass fiber composite segment is anticipated to remain the most dominant segment of the global market over the forecast period, due to its advantages such as low cost, good mechanical performance, and excellent corrosion and abrasion resistance. On the basis of end-user, the global market is segmented into automotive, aerospace & defense, wind energy, sporting goods, electronics, and others. Wind energy segment is dominating the global market owing to increasing wind turbine installation across the globe. Wind spinners, blades, and nacelles are the major composite used in the wind energy and largely fabricated with glass fiber composites using continuous fiber composites.

Based on region the continuous fiber composites market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is likely to remain the largest market over the forecast period, driven by China, India, and Japan. High automobile production, high installations of wind turbines, high electronic parts manufacturing, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and the opening of assembly plants of Boeing and Airbus in China are some of the major factors driving the demand for continuous fiber composites in the region. Europe is likely to witness the highest growth, owing to aerospace & defense and automotive industries. Europe is the industrial capital of premium and electric vehicles where advanced composites are significantly gaining traction. Growing production rates of the A350XWB and A320 family including neo versions are further likely to drive the demand for continuous fiber composites of the region in the near future.

Continuous Fiber Composites Market, By Form Type:

  • Non-Crimp Fabrics
  • Woven Fabrics
  • Unidirectional Tape
  • Others

Continuous Fiber Composites Market, By Resin Type:

  • Thermoplastic Composites
  • Thermoset Composites

Continuous Fiber Composites Market, By Reinforcement Type:

  • Carbon Fiber Composites
  • Glass Fiber Composites
  • Other Composites

Continuous Fiber Composites Market, By End-user industry:

  • Automotive
  • Aerospace & Defense
  • Wind Energy
  • Sporting Goods
  • Electronics
  • Others

Continuous Fiber Composites Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Continuous Fiber Composites Market, By Form Type
      • Middle East & Africa Continuous Fiber Composites Market, By Resin Type
      • Middle East & Africa Continuous Fiber Composites Market, By Reinforcement Type
      • Middle East & Africa Continuous Fiber Composites Market, By End-user industry Type
      • Middle East & Africa Continuous Fiber Composites Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Continuous Fiber Composites Market, By Form Type
      • Latin America Continuous Fiber Composites Market, By Resin Type
      • Latin America Continuous Fiber Composites Market, By Reinforcement Type
      • Latin America Continuous Fiber Composites Market, By End-user industry Type
      • Latin America Continuous Fiber Composites Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Continuous Fiber Composites Market, By Form Type
      • Asia Pacific Continuous Fiber Composites Market, By Resin Type
      • Asia Pacific Continuous Fiber Composites Market, By Reinforcement Type
      • Asia Pacific Continuous Fiber Composites Market, By End-user industry Type
      • Asia Pacific Continuous Fiber Composites Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific                                                                                                                                                                      
    • Europe
      • Europe Continuous Fiber Composites Market, By Form Type
      • Europe Continuous Fiber Composites Market, By Resin Type
      • Europe Continuous Fiber Composites Market, By Reinforcement Type
      • Europe Continuous Fiber Composites Market, By End-user industry Type
      • Europe Continuous Fiber Composites Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Continuous Fiber Composites Market, By Form Type
    • North America Continuous Fiber Composites Market, By Resin Type
    • North America Continuous Fiber Composites Market, By Reinforcement Type
    • North America Continuous Fiber Composites Market, By End-user industry Type
    • North America Continuous Fiber Composites Market, By Country
      • U.S.
      • Canada

Global Continuous Fiber Composites Market Key Players

The key players operating the continuous fiber composites market involves Celanese Corporation, Huntsman Corporation, Chomarat, Cytec Solvay Group, Gurit Holding AG, Johns Manville, Hexcel Corporation, Daimler AG, ElringKlinger AG, and Ford Motor Company. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

Global Continuous Fiber Composites Market Company Profile

  •  Celanese Corporation *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
  • Huntsman Corporation
  • Chomarat
  • Cytec Solvay Group
  • Gurit Holding AG
  • Johns Manville
  • Hexcel Corporation
  • Daimler AG
  • ElringKlinger AG
  • Ford Motor Company

“*” marked represents similar segmentation in other categories in the respective section.

FAQs

Continuous Fiber Composites Market was valued at US$ 2.9 Billion in 2024 and is projected to grow at a CAGR of 8.4% 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.

The Continuous Fiber Composites Market is driven by factors such as the increasing demand for lightweight and high-strength materials, advancements in composite manufacturing technologies, and applications in aerospace, automotive, and construction industries.

The high production costs associated with continuous fiber composites, challenges in recycling and waste management, and the need for specialized manufacturing equipment.

The report covers regions globally, focusing on areas with significant industrial and technological advancements. It's crucial to refer to the latest reports for updated information on the dominant region in the 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.