Global Continuous Fiber Composites Market Share
The continuous fiber composites market is divided into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa based on geographic factors. Under the projection period, Asia-Pacific is anticipated to continue being the largest market, led by China, India, and Japan. Some of the main factors driving the demand for continuous fiber composites in the region are high car production, high wind turbine installations, high electronic parts manufacturing, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and the opening of Boeing and Airbus assembly plants in China. Europe will probably grow fastest because of the aerospace, defense, and automotive sectors. Europe is the hub for sophisticated composites in the luxury and electric vehicle industries, rapidly gaining popularity. Increasing output rates of the A350XWB and A320 family, particularly the neo variants, are also anticipated to fuel the region's need for continuous fiber composites shortly.