CARBON FIBER COMPOSITE HEATING ELEMENTS MARKET ANALYSIS

Carbon Fiber Composite Heating Elements MarketSize and Trends

Global carbon fiber composite heating elements market was valued at US$ 4,254.1 Million in 2022 in terms of revenue, exhibiting a CAGR of 6.98% during the forecast period (2023 to 2030) and expected to grow at US$ 7,295.7 Million by 2030.

Carbon fiber composite heating elements are lightweight and strong fiber-reinforced elements that contain carbon fiber. Carbon fiber composites can be potential alternatives to other metal-based heating elements such as aluminum, owing to properties such as lightweight, high temperature tolerance, and high tensile strength. As a result, carbon fiber composites have a wide range applications as industrial and commercial heaters, and also in the aerospace industry for de-icing purposes.

Market Trends

Growing demand for ceramic matrix composites in emerging countries

Demand for ceramic matrix composites has increased significantly in growing Asia Pacific nations such as Thailand, China, India and Singapore which is projected to fuel market expansion. To fight growing fuel consumption and prices, these emerging countries are attempting to implement fuel-efficient aero engines and car modules based on ceramic matrix composites. Aside from that, ceramic matrix advanced composites are used in engine parts such as combustor liners, blades, nozzles, and shrouds. The reduced operational and administrative expenses of the aircraft result from better fuel economy. The high economic process in these nations, in addition to high urbanization, industrialization, and rising living standards, plays a critical role in the adoption of fuel-efficient cost-cutting machinery.

Figure 2. Global Carbon Fiber Composite Heating Elements Market value Share (%), By Application, 2021