Carbon Fiber Reinforced Metal Composites Market - Forecast(2024 - 2030)

Report Code: CMR 17578 Report Format: PDF + Excel
Carbon Fiber Reinforced Metal Composites Market size is forecast to reach $27.57 billion by 2025, after growing at a CAGR of 10.5% during 2020-2025. Carbon fiber reinforced metal composites are made by dispersing carbon fibers into a metal matrix. They have high specific strength and excellent corrosion resistance owing to its use in various end-use industries like automotive, aerospace, defense, and electronics. Increasing demand for a high-quality product with good durability and strength is driving the growth of carbon fibers reinforced metal composites market globally. Moreover, government regulations to minimize the accidents have increased the demand for carbon fiber reinforced metal composites in the automotive sector which augmented their market growth.

Report Coverage
The report: “Carbon Fiber Reinforced Metal Composites Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Fiber Reinforced Metal Composites Industry.

By Type: Aluminium, Nickel, and Refractory
By End Use: Aerospace and Defense (Solid Rocket Motor Cases, Missile Airframe, Aircraft Components and Others) Automotive (Body frame, Engine Components and Others), Marine (Boat Hulls, Decks, Poles, and Keels), Construction & Infrastructure, Energy (Turbine Blades, Nacelle) and Others
By Geography: North America, South America, Europe, APAC and RoW

Key Takeaways
  • United States has shown significant growth in the carbon fiber reinforced metal composites market due to an increase in demand from applications such as automotive, defense and aviation industries. 
  • Properties such as durability, high tensile strength, flame, and chemical resistance are the major factors driving the growth of carbon fiber reinforced metal composites market.
  • Increasing awareness of safety and security among people has also accelerated the growth of the market.

Type- Segment Analysis
Aluminium segment holds the largest share of more than 35% in carbon fiber reinforced metal composites market in 2019. Carbon fiber reinforced aluminium composites have a high strength-to-weight ratio, lower thermal expansion, excellent creep, and wear & fatigue resistance. Due to exceptional properties of carbon fiber reinforced metal composites, they have replaced cast iron and other materials from various end-use applications, substantially escalating the growth of carbon fiber reinforced metal composites market. 

End Use- Segment Analysis
Based on the application, automotive is the fastest growing segment with a CAGR of 13% during the forecast period. An increase in the need for lightweight material for the automotive and aerospace industries is driving the carbon fiber reinforced metal composites market. Reduction of weight of automobile also lowers the greenhouse gas emissions, thereby accelerating the demand of carbon fiber reinforced metal composites market. After automotive, the aerospace & defense segment has shown significant growth. They are extensively used in aerospace industries because of thermally insulating behavior and their ability to withstand extreme pressure
The outbreak of novel coronavirus (COVID-19) has negatively impacted the automotive industry. Automobile and component manufacturing industries are being shuttered around the world and are facing their biggest downfall. According to China Passenger Car Association (CPCA), car sales in China fell 92% in first half of February 2020. The Decrease in production and sales of automobiles lowers the demand for carbon fiber reinforced metal composites which in turn inhibit their market growth.

Geography- Segment Analysis
North America dominated the carbon fiber reinforced metal composites market with a share of more than 30% in 2019, followed by the Asia Pacific and Europe. Rapid industrialization coupled with an increase in aeronautical activities has driven the growth of carbon fiber reinforced metal composites in developing nations. Carbon fiber reinforced metal composites have shown significant growth in countries like China, Japan and India due to the expansion and strengthening of the defense sector. Moreover, rise in disposable income and high standard of living has also accelerated the use of carbon fiber reinforced composites in the automotive and sports industry for safety & security purposes.

Drivers – Carbon Fiber Reinforced Metal Composites Market

  • Growing demand from end use industries 
Increase in demand from various end-use industries for their high impact resistant, good thermal conductivity, vibrations, and shock absorbent properties has boosted the growth of carbon fiber reinforced metal composites market. Due to their exceptional properties than other materials, they are widely used in aerospace and automotive industries which further fuels the growth of carbon fiber reinforced metal composites market.

Challenges – Carbon Fiber Reinforced Metal Composites Market

  • High Manufacturing Cost and Non biodegradability 
Carbon fiber reinforced metal composites require tons of energy for their production, which further increases their cost as compared to steel or aluminium. Due to their high cost, they are only used in high-quality products such as aircraft, sports car, and defense equipment for better efficiency. Their limitation to high-quality products has hampered the growth of carbon fiber reinforced metal composites market. Additionally, unlike other metals and non-metals carbon fibers reinforced metal composites are non-biodegradable and donot decompose in the landfill. Recycling the carbon fiber is very difficult and requires lot of energy. Thus, long lasting carbon fiber scraps has bad impact on environment and acts as a restraining factor for the growth of high carbon fibers reinforced metal composites market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the carbon fiber reinforced metal composites market. In 2019, the market of carbon fiber reinforced metal composites has been consolidated by the top five players accounting for xx% of the share. Major players in the carbon fiber reinforced metal composites market are Hexcel Corporation, Toray Industries Inc., Mitsubishi Rayon Co. Ltd., SGL Group, Materion Corporation, Owens Corning, Cytec Industries Inc., Teijin Limited, ADMA Products, CPS Technologies, among others. 

Acquisitions/Technology Launches
  • In March 2019, Hexcel has joined forces with Lavoisier Composites for tackling environmental challenges and use composite by-product generated from aerospace sector. 
  • In February 2019, Teijin has acquired Renegade Materials Corporation and expanded carbon fiber intermediate material business for aerospace applications.
  • In September 2018, Materion has collaborated with Plug and Play to explore new opportunities in advanced materials innovation.
  • In December 2018, SGL Group and Fraunhofer IGVC had set up development and manufacturing center for advanced fiber placement technologies in Meitingen. 
  • In April 2018, Teijin expanded their carbon fiber operations in China and Taiwan with the establishment of Teijin Carbon Shanghai Co., Ltd. in Shanghai, China and Teijin Carbon Taiwan Inc. in Taipei, Taiwan.

1. Carbon Fiber Reinforced Metal Composites Market - Market Overview
    1.1 Definitions and Scope
2. Carbon Fiber Reinforced Metal Composites Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Carbon Fiber Reinforced Metal Composites Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Carbon Fiber Reinforced Metal Composites Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Carbon Fiber Reinforced Metal Composites Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Carbon Fiber Reinforced Metal Composites Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Carbon Fiber Reinforced Metal Composites Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Carbon Fiber Reinforced Metal Composites Market – By Type (Market Size -$Million, KT)
    8.1 Aluminium
    8.2 Nickel
    8.3 Refractory
9. Carbon Fiber Reinforced Metal Composites Market – By End Use (Market Size -$Million, KT)
    9.1 Aerospace and Defense
        9.1.1 Solid Rocket Motor Cases
        9.1.2 Missile Airframe
        9.1.3 Aircraft Components
        9.1.4 Others
    9.2 Automotive
        9.2.1 Body Frame
        9.2.2 Engine Components
        9.2.3 Others
    9.3 Marine
        9.3.1 Boat Hulls
        9.3.2 Decks
        9.3.3 Poles and Keels
    9.4 Construction & Infrastructure
    9.5 Energy
        9.5.1 Turbine Blades
        9.5.2 Nacelle
    9.6 Others
10. Carbon Fiber Reinforced Metal Composites Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Netherland
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Carbon Fiber Reinforced Metal Composites Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Carbon Fiber Reinforced Metal Composites Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Carbon Fiber Reinforced Metal Composites Market - List of Key Companies by Country (Premium) 
14. Carbon Fiber Reinforced Metal Composites Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
1.1 Aluminum Market 2023-2030 ($M) - Global Industry Research
1.2 Nickel Market 2023-2030 ($M) - Global Industry Research
1.3 Refractory Market 2023-2030 ($M) - Global Industry Research
2.Global Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 (Volume/Units)
2.1 Aluminum Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Nickel Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Refractory Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
3.1 Aluminum Market 2023-2030 ($M) - Regional Industry Research
3.2 Nickel Market 2023-2030 ($M) - Regional Industry Research
3.3 Refractory Market 2023-2030 ($M) - Regional Industry Research
4.South America Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
4.1 Aluminum Market 2023-2030 ($M) - Regional Industry Research
4.2 Nickel Market 2023-2030 ($M) - Regional Industry Research
4.3 Refractory Market 2023-2030 ($M) - Regional Industry Research
5.Europe Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
5.1 Aluminum Market 2023-2030 ($M) - Regional Industry Research
5.2 Nickel Market 2023-2030 ($M) - Regional Industry Research
5.3 Refractory Market 2023-2030 ($M) - Regional Industry Research
6.APAC Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
6.1 Aluminum Market 2023-2030 ($M) - Regional Industry Research
6.2 Nickel Market 2023-2030 ($M) - Regional Industry Research
6.3 Refractory Market 2023-2030 ($M) - Regional Industry Research
7.MENA Global Carbon Fiber Reinforced Metal Composite Market, By Product Market 2023-2030 ($M)
7.1 Aluminum Market 2023-2030 ($M) - Regional Industry Research
7.2 Nickel Market 2023-2030 ($M) - Regional Industry Research
7.3 Refractory Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
2.Canada Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
3.Mexico Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
4.Brazil Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
5.Argentina Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
6.Peru Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
7.Colombia Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
8.Chile Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
9.Rest of South America Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
10.UK Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
11.Germany Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
12.France Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
13.Italy Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
14.Spain Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
15.Rest of Europe Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
16.China Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
17.India Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
18.Japan Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
19.South Korea Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
20.South Africa Carbon Fiber Reinforced Metal Composites Market Revenue, 2023-2030 ($M)
21.North America Carbon Fiber Reinforced Metal Composites By Application
22.South America Carbon Fiber Reinforced Metal Composites By Application
23.Europe Carbon Fiber Reinforced Metal Composites By Application
24.APAC Carbon Fiber Reinforced Metal Composites By Application
25.MENA Carbon Fiber Reinforced Metal Composites By Application
26.Hexcel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Toray Industry Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Mitsubishi Rayon Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sgl Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Materion Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Owen Corning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cytec Industry Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Adma Product, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Cps Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)