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Global Carbon Fiber Composite Heating Element Market growing at a CAGR of 5.9% from 2023 to 2030

Category : Materials And Chemicals | Published Date : Aug 2023

Key Market Overview

Consegic Business Intelligence analyzes that the carbon fiber composite heating element market is predicted to grow at a compound annual growth rate of 5.9% from 2023 to 2030 and is expected to reach USD 6,835.70 million in 2030 which was valued at USD 4,360.00 million in 2022.

The report highlights the increasing adoption of carbon fiber composite heating elements in industrial applications, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the carbon fiber composite heating element market.

Global Carbon Fiber Composite Heating Element Market By Overview

Global Carbon Fiber Composite Heating Element Market

The carbon fiber composite heating element market is bifurcated into product type and application. Based on product type, the market is segmented into carbon fiber composite heating tubes, carbon fiber composite heating plates, carbon fiber composite heating wires, and others. In 2022, the carbon fiber composite heating tubes segment dominate in the overall carbon fiber composite heating element market. The application segment is categorized into aerospace, industrial, building & construction, and others. In 2022, the industrial segment accounted for the highest market share in the carbon fiber composite heating element market.

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Market Dynamics

Driver:

 

  • The rising adoption of carbon fiber composite heating elements in industrial applications is boosting market growth.
  • Booming construction activities is favoring the carbon fiber composite heating elements market growth.

 

Restraints:

  • The high cost of carbon fiber composite heating elements is restraining the market growth at the global level.

Market Segmentation:

Report Attributes Report Details
By Product Type Carbon Fiber Composite Heating Tubes, Carbon Fiber Composite Heating Plates, Carbon Fiber Composite Heating Wires, and Others
By Application Aerospace, Industrial, Building & Construction, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Solvay S.A., SGL Group, CFC Carbon Co., Ltd, and Tokai Carbon which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the carbon fiber composite heating element market is expected to witness substantial growth in the coming years due to the growing investment in new carbon fiber composite heating element range in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • Solvay S.A.
  • SGL Group
  • CFC Carbon Co., Ltd
  • Tokai Carbon
  • Schunk Group
  • Premium Graphite Pvt. Ltd.
  • Reliance Industries Ltd.
  • Toyo Tanso Co.,Ltd.
  • Hexcel Corporation
  • ADENTE Advanced Engineering Technologies