Global Carbon Fiber Composite Heating Elements Market to Reach US$ 5,532.9 Mn by 2027 – Coherent Market Insights

SEATTLE--()--The global carbon fiber composite heating elements market was valued at US$ 3,418.5 Mn in 2018, and is projected to exhibit a CAGR of 5.6% over the forecast period (2019–2027), in terms of revenue.

Key Trends and Analysis of the Global Carbon Fiber Composite Heating Elements Market:

Global carbon fiber composite heating elements market is expected to witness significant growth over the forecast period. Increasing demand for carbon fiber composites from various end-use industries such as industrial and household heaters is expected to boost the revenue of global carbon fiber composite heating elements market over the forecast period.

Request Sample Pages of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1789

Carbon fiber composites have industrial as well as commercial application as heating elements. Growing demand from end-use industries for application in industrial and household heaters and de-icing in the aerospace industry is expected to drive growth of the global carbon fiber composite heating elements market over the forecast period.

The aerospace industry is experiencing significant growth in worldwide, which is expected to boost demand for carbon fiber composite heating elements globally. For instance, according to the report published in 2017 by the Aerospace and Defense Industries Association of Europe, the aerospace and defense industry in Europe experienced 35% growth in sales between 2010 and 2016. According to the same report, the total turnover of the Europe-based aerospace and defense industry increased from US$ 170 Bn in 2010 to US$ 248.77 Bn in 2016. Therefore, growth of end-use industries across the globe is expected to increase demand for carbon fiber composites during the forecast period.

However, high cost of carbon fiber composites as compared to other materials such as aluminum and steel is projected restrain growth of the global carbon fiber composites heating elements market over the forecast period

Buy this Report Now (For Single user License) @ https://www.coherentmarketinsights.com/insight/buy-now/1789

Key Market Takeaways:

  • The global carbon fiber composite heating elements market is expected to exhibit a CAGR of 5.6% during the forecast period in terms of revenue. The global carbon fiber composite heating elements market is expected witness high growth, owing to various advantages offered by carbon fiber composite heating elements such as high versatility.
  • Based on product type, in 2018, carbon fiber composite heating plate segment accounted for the largest share of over 43.0%, in terms of revenue in global carbon fiber composite heating elements market, owing to various advantages offered by these heating plates. Major benefits of using carbon fiber composite heating plates include better thermal control, designed for free movement, maximum reliability, and minimum weight.
  • Among regions, Europe accounted for the largest revenue share in 2018 and contributed for around 29.0% of the revenue share in the global carbon fiber composite heating elements market. The regional growth is driven by high presence of key players coupled with increasing carbon fiber recycling operations carried out by various players in the region. For instance, ELG Carbon Fibre (Coseley, U.K.) is engaged in carbon fiber recycling, and has a plant with 1,500-metric ton capacity, and is expanding its operations worldwide.
  • Key companies operating in global carbon fiber composite heating elements market include, SGL Group, Solvay, Methode Electronics, Lianyungang O-Yate Lighting Electrical Co. Ltd., Tokai Carbon, GKN Plc, Schunk Group, CFC Carbon Co., Ltd, and Flexel

Report Segmentation:

  • Global Carbon Fiber Composite Heating Elements Market, By Product Type:
    • Carbon Fiber Composite Heating Tube
    • Carbon Fiber Composite Heating Plate
    • Carbon Fiber Composite Heating Wire
    • Others
  • Global Carbon Fiber Composite Heating Elements Market, By Application:
    • Aerospace
    • Industrial
    • Commercial
    • Others
  • Global Carbon Fiber Composite Heating Elements Market, By Region:
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Czech Republic
      • Switzerland
      • Denmark
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • South Korea
      • Australia
      • Rest of Asia pacific
    • Middle East & Africa
      • Middle East
      • Africa
  • Company Profiles

 

Contacts

Mr. Raj Shah
Coherent Market Insights
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

Contacts

Mr. Raj Shah
Coherent Market Insights
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com