What is Carbon-Carbon Composites?
Carbon-carbon composites are a class of materials made up of a carbon (or graphite) matrix and carbon (or graphite) fibres. Carbon's appealing characteristics are therefore coupled with composites' great strength, flexibility, and toughness. Because it is the only elemental compound, the C/C family is unique. Simple unidirectional fibre reinforced structures to sophisticated woven 3-dimensional structures are all examples of carbon-carbon composites. C/C composites may now be tailored to fulfil complicated design requirements thanks to the wide range of carbon fibres and multidirectional weaving methods presently available. The characteristics may be tailored to different applications by varying the fibre type, lay-up (or fibre-weave), matrix, and composite heat treatment. The increased demand for better materials offering best of both qualities that is higher strength and lighter weight has stimulated the accelerated growth of the carbon-carbon composites market. Asia Pacific is emerging as the fastest growing market due to rapid industrialisation in places like China, India, Vietnam and others.
The market study is broken down by Type (3D, 2.5D and 2D) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Toray Industries Inc. (Japan), Hexcel Corporation (United States), Rock West Composites, Inc. (United States), SGL Carbon SE (Germany), Mitsubishi Chemical Carbon Fiber and Composites, Inc. (Japan), Teijin Limited (Japan), Nippon Carbon Co Ltd. (Japan), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co. Ltd. (China) and Epsilon Composite (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Carbon Composites, Inc. (United States), Plasan Carbon Composites (United States) and Moldex Composites Pvt Ltd (India).
AdvanceMarketAnalytics has segmented the market of Global Carbon-Carbon Composites market by Type, Application and Region.
On the basis of geography, the market of Carbon-Carbon Composites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material , the sub-segment i.e. Polyacrylonitrile will boost the Carbon-Carbon Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Carbon-Carbon Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automotive will boost the Carbon-Carbon Composites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Sekisui Chemical, a Japan based thermoplastic manufacturer has announced acquisition of Aim Aerospace, which is a United States based manufacturer of aerospace components made of carbon composite materials. This has stimulated several Japanese chemical companies to acquire or widen their expertise in carbon fiber and carbon composites. The addition of Aim will also expand both automotive and aerospace markets for Sekisui.
In 2020, Mitsubishi Chemical Corporation, the Japanese multinational chemical corporation has announced acquisition of CFK Valley Stade Recycling GmbH & Co. KG and carboNXT GmbH. Both of the acquired companies are Germany based carbon fiber recycling companies. The acquisition was made by Mitsubishi Chemical Corp. The acquisition is in line with Mistubishi’s aim of contributing towards sustainability cause and promoting its circular economy strategy.
- Aerospace and Defense Account for Largest Market Share
- Advancements in the Materials Technology
- High Demand for Materials with Strong Strength and Lightweight Physical Qualities
- Extensive Applications across Industrial Domains
- Advanced Research and Development of Material Engineering is Required to make Carbon-Carbon Composites Recyclable thus increasing their Sustainability Factor
- High Cost of Carbon-Carbon Composites compared to Regular Metals
- Large Scale Manufacturing to Meet the Growing Demand while Maintaining the Quality of Composites
- Certain Supply Chain Constraints are a Major Concern which Result in Price Fluctuations
Key Target AudienceCarbon-Carbon Composites Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Toray Industries Inc. (Japan), Hexcel Corporation (United States), Rock West Composites, Inc. (United States), SGL Carbon SE (Germany), Mitsubishi Chemical Carbon Fiber and Composites, Inc. (Japan), Teijin Limited (Japan), Nippon Carbon Co Ltd. (Japan), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co. Ltd. (China) and Epsilon Composite (France) etc.
2. Can we have customized study for Carbon-Carbon Composites Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Carbon-Carbon Composites Market by 2026?
Analysts at AMA estimates Carbon-Carbon Composites Market to reach USD Million by 2026.