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

Published On : Aug 29, 2019

The global carbon fiber composite heating elements market was valued at US$ 3,418.5 Mn in 2018, according to Global Carbon Fiber Composite Heating Elements Market Report, by Product Type (Carbon Fiber Composite Heating Tube, Carbon Fiber Composite Heating Plate, Carbon Fiber Composite Heating Wire, and Others), by Application (Aerospace, Industrial, Commercial, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.

The global carbon fiber composite heating elements market is projected to reach US$ 5,532.9 Mn by 2027, exhibiting a CAGR of 5.6% during the forecast period (2019-2027). Increasing demand for carbon fiber composite heating elements along with advantages offered by these products is expected to increase revenue of global carbon fiber composite heating elements market over the forecast period.

Carbon fiber composites are used as heating elements. For instance, according to the research article, ‘Utilising Implanted Carbon Fibre as a Resistive Heating Element in Wind Turbine Blade Anti-icing Systems’, published in the journal of WIT Transactions on Engineering Sciences in 2013, carbon fiber composites implanted in glass fiber proved to be efficient heating element for de-icing and anti-icing systems for wind turbine blades. This is owing to a number of benefits offered by carbon fiber-based heating elements such as even heating and lightweight nature of carbon fibers compared to other heating elements such as aluminum-based wire or foil.

Moreover, increasing demand for carbon fiber heating garments is expected to provide ample opportunities for players operating in the global carbon fiber composite heating elements market. For instance, in the article ‘Research on application of carbon fiber heating material in clothing’ published in the journal of IOP Conference Series: Earth and Environmental Science in 2017, a review on garments consisting carbon fiber heating elements was reported. According to the same source, carbon fiber provides significant amount of heat when working in a 1.5-12V low voltage area. Therefore, compared with traditional electric heating garment, carbon fiber heating garment is safer and efficient. Furthermore, these garments can be used as outdoor service clothes for armed forces, as gear for high-altitude mountaineering, and as cold storage suits among others.

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Browse 32 market data tables* and 20 figures* on "Carbon Fiber Composite Heating Elements Market” - Global forecast to 2027.

Key Takeaways of the Market:

  • Based on application, industrial segment contributed for over 32.0% of the revenue share in the global carbon fiber composite heating elements market in 2018. Industrial segment offers various applications for carbon fiber composite heating elements such as in transportation, pressure vessels, windmills, and diverse heating requirements in the processing industry. Therefore, rising applications of carbon fiber composite heating elements is expected to drive the segment growth in the near future.
  • Among regions, Europe accounted for the largest revenue share in the global carbon fiber composite heating elements market in 2018. Carbon fiber composite heating elements are used in various applications such as automobile parts, sports goods, and aerospace de-icing. High growth of these industries is projected to drive growth of global carbon fiber composite heating elements market. According to European Automobile Manufacturers Association, in 2018, 19.2 million motor vehicles were produced in European Union in 2018 out of total 98.1 million motor vehicles produced around the world, contributing for around 20% of the global production in the same year.
  • Major players operating in the global carbon fiber composite heating elements market are SGL Group, Solvay, Methode Electronics, Lianyungang O-Yate Lighting Electrical Co. Ltd., Tokai Carbon, GKN Plc, Schunk Group, CFC Carbon Co., Ltd, and Flexel

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