Dubai, United Arab Emirates, January 18, 2022 (GLOBE NEWSWIRE) – The carbon molds market To display annual growth in 8.6% In 2022 it will be worth about 279.9 million USD By the end of 2022. Carbon molds can be made using many materials, carbon fiber and graphite are examples of the most common materials used in carbon mold. Carbon dies are used to form carbon composite parts used in a variety of applications.
A recent market study revealed by Future Market Insights revealed that carbon molds market It includes global industry analysis for 2014-2021 and market opportunity assessment for the forecast period 2022-2029. Market study reveals important insights and provides in-depth market analysis for the historical period as well as the forecast period. As per the market assessment in the report, the global carbon briquettes market is expected to witness remarkable growth owing to the increasing demand from the aerospace and automotive industry segments.
|Carbon Briquettes Base Year Market Value (2021A)||US$ 257.8 Mn|
|The estimated market value of carbon briquettes (2022E)||US$ 279.9 Mn|
|Carbon Dioxide Market Forecast Value for the Year (2028F)||US$ 501.4 Mn|
|Compound annual growth rate of value (2022-2028)||8.6||%|
|Collective Value Share: Big 3 Countries (2022E)||54.2||%|
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The global carbon briquettes market has been assessed ~200 million USD In 2018 it is expected to grow with ~9% Compound annual growth rate over the forecast period 2019-2029.
Growing environmental concerns have shifted the trend toward adopting renewable energy. Wind energy has revolutionized the renewable energy sector, due to increased government subsidies. Carbon dies are used to manufacture lightweight carbon fiber wind turbine blades and carbon composites. It is estimated that increasing wind turbine installations and increasing wind power installation projects around the world are driving the demand for carbon briquettes.
Opportunities abound in East Asia and South Asia
East Asia and South Asia, led by China and India respectively, are likely to see significant growth in the commercial and defense aviation sectors. The increase in the military budget will mainly affect the defense aircraft manufacturing activities in the region, and is likely to lead to an increase in the demand for carbon mold. Wind turbine installation has increased significantly in recent years, particularly in China, India and ASEAN countries, which will continue to work for carbon briquettes manufacturers.
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|Historical data available for||2013-2021|
|market analysis||Million dollars in value and tons in volume|
|Main areas covered||North America, Latin America, Europe, South Asia, Eastern Asia, Oceania, Middle East and Africa|
|Main countries covered||US, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Benelux, Russia, ASEAN, India, China, Japan, South Korea, Australia, New Zealand, GCC, Turkey, South Africa|
|Main parts covered||Material type, mold type, application and area|
|An overview of the main companies||
|Report coverage||Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives|
Increased government regulations for the development of fuel-efficient vehicles and aircraft in North America and Europe have increased demand for carbon vehicles. The dominance of the automotive and aviation industries and the increasing reliance on carbon compounds make North America and Europe notable markets for carbon blocks.
Carbon fiber to remain an outstanding material choice
The global Carbon Die market has been segmented on the basis of materials, different types of briquettes, application, along with regions.
- Depending on the material, carbon fiber is expected to remain the preferred material in the coming years, and thereafter occupy a prominent share in the global carbon briquettes market throughout the forecast period.
- On the basis of the mold, it is estimated that the female mold retains more than half of the market share due to its cost-effectiveness.
- The high application potential of carbon template was identified in aerospace and defense, followed by automotive and transportation. The increased incorporation of carbon composites into the automotive and aerospace industries is a major factor responsible for the growth of the carbon briquettes market.
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Carbon Die Market: Manufacturer Insights
According to FMI analysis, the global Carbon Die market is severely segmented with local and regional players playing major roles. Global Carbon Briquettes Market report sheds light on a few of the key industry players in the global Carbon Briquettes Market. Some examples of the major players in the market are MDC Mold & Plastic Co., Ltd. and DEXCRAFT and Xiamen Fengjin Mold Industry Co., Ltd. and Composite Moldings Ltd. and DC Composites, among others.
The study found that the slowdown in car sales in the past few months has changed the situation. However, government spending, tax cuts, subsidies and policies will continue to support the growth of the automotive sector and the carbon block market.
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