Closed Mold Carbon Fiber Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 5.7 Billion by 2033, exhibiting a CAGR of 9.9% from 2026 to 2033.
The global Closed Mold Carbon Fiber market was valued at approximately USD 3.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. This growth is primarily driven by increasing demand from industries such as automotive, aerospace, and wind energy, where lightweight, high strength materials are crucial. The markets expansion can also be attributed to advancements in closed molding technologies that offer cost effective, scalable, and high quality production processes for carbon fiber composites. The closed molding process helps in reducing material waste and improving the structural integrity of carbon fiber components, making it an attractive option for manufacturers. As a result, the market is anticipated to reach around USD 8.5 billion by 2030.
Regionally, North America and Europe are currently the dominant markets for closed mold carbon fiber, owing to the presence of major automotive and aerospace companies that actively invest in lightweight composite materials. North America accounted for nearly 35% of the global market share in 2022, with strong growth projected at a CAGR of 12.1%. Europe followed closely, with a market share of approximately 30%, driven by the automotive and wind energy sectors. The Asia Pacific region is expected to witness the highest growth rate, with a CAGR of 13.5%, fueled by growing industrialization and rising demand for electric vehicles and renewable energy solutions. The Latin American and Middle Eastern markets are also expected to experience steady growth, albeit at a relatively slower pace compared to other regions.
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A. Schulman
Strongwell Corporation
Continental Structural Plastics Inc
Core Molding Technologies
Royal TenCate NV
Menzolit GmbH
GKN
NitPro Composites
Harper International
Master Composites
Inc
Element6 Composites
Kangde Xin Composite Material Group Co.
Ltd
Weihai Guangwei Composites Co.
Ltd
Zhongfu Shenying Carbon Fiber Co.
Ltd
Sinofibers Technology Co.
Ltd
Jiangsu Hengshen Co.
Ltd
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Closed Mold Carbon Fiber Market
Open Mold
Closed Mold
Carbon Fiber
Glass Fiber
Aerospace & Defense
Automotive
Sports & Recreation
Wind Energy
Marine
Construction
Others
Automotive
Aerospace
Marine
Sports Equipment
Construction
Wind Energy
Resin Transfer Molding (RTM)
Vacuum Assisted Resin Transfer Molding (VARTM)
Compression Molding
Injection Molding
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Closed Mold Carbon Fiber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Closed Mold Carbon Fiber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Closed Mold Carbon Fiber Market, By Type
6. Global Closed Mold Carbon Fiber Market, By Application
7. Global Closed Mold Carbon Fiber Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Closed Mold Carbon Fiber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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