A recent market study on the carbon mold market by Future Market Insights includes a global industry analysis for the years 2014 to 2021 and a market opportunity evaluation for the projection period of 2022 to 2029. The market study offers insightful information and a thorough market analysis for both the historical and forecasted periods. According to the market assessment in the study, rising demand from the aircraft and automotive production sectors is expected to propel the global market for carbon mold to significant growth.
The global carbon mold market is expected to grow at an estimated 8.6% CAGR from 2022 to 2029, with a market value of roughly US$ 279.9 Mn by 2022’s end.
The trend towards the use of renewable energy has changed as a result of growing environmental concerns. Due to growing government support, wind energy has transformed the renewable energy sector. Lightweight wind turbine blades made of carbon fiber and carbon composites are produced using carbon mold. The need for carbon mold is anticipated to rise as wind turbine installations and wind energy installation projects expand globally.
Get 30% Discount Before it’s Gone – Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10470
Opportunities Abound in East Asia and South Asia
East Asia and South Asia, led by China and India respectively, are likely to witness substantial growth in commercial as well as defense aerospace sectors. Increasing military budget will primarily affect the defense aircraft manufacturing activities in the region, and it is likely to lead to upsurge in the demand for carbon mold. Installation of wind turbines has increased significantly in recent years, especially in China, India, and ASEAN countries, which will continue to work to the advantage of the carbon mold manufacturers.
Increasing government regulations for the development of fuel-efficient vehicles and aircrafts in North America and Europe, have increased the demand for carbon composites. Predominance of automotive and aerospace industries and increasing adoption of carbon composites make North America and Europe prominent markets for carbon molds.
Carbon Fiber to Remain a Prominent Material Choice
The global carbon mold market has been categorized on the basis of material, different types of mold, and application, along with regions.
- Based on material, carbon fiber is projected to remain the material of choice in the upcoming years, and subsequently hold a prominent share in the global carbon mold market throughout the forecast period.
- On the basis of mold, the female mold is estimated to hold more than half of the market share owing to its cost effectiveness.
- High application potential of carbon mold has been identified in aerospace & defense, followed by automotive & transportation. Increasing incorporation of carbon composites in automotive & aerospace industries is a prime factor responsible for the carbon mold market growth.
Carbon Mold Market: Manufacturer Insights
According to the FMI analysis, the global carbon mold market is heavily fragmented with local and regional players playing key roles. The global carbon mold market report sheds light on few of the key industry players in the global carbon mold market. Some of the examples of key players in the market are MDC Mould & Plastic Co., Ltd., DEXCRAFT, Xiamen Fengjin Mold Industry Co., Ltd., Composite Mouldings Ltd., and DC Composites, among others.
Ask Us Your Questions About This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-10470
Key Segments
Material Type
- Carbon Fiber
- Graphite
- Others
Mold Type
- Male
- Female
Application
- Aerospace & Defense
- Automotive & Transportation
- Electronics
- Energy
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
- Emerging Countries
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com