Market Overview:
The global carbon fiber in the automotive composites market is estimated to be valued at US$ 2,362.8 Mn by 2018 and is projected to reach US$ 5,711.5 Mn by 2030, registering a CAGR of 10.9% from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, long fiber thermoplastic (LFT) dominates the global carbon fiber in automotive composites market with a share of more than 60%.
Product Definition:
Definition: Carbon fiber is a high-performance composite material made of very thin fibers of carbon. The fibers are extremely strong and lightweight, and can be molded into complex shapes. Carbon fiber is used in a variety of applications, including automotive composites, sporting goods, wind turbines, and medical implants.
Usage: Automotive composites manufacturers use carbon fiber to create products such as body panels, spoilers, and other exterior components that need to be both strong and light. Weight savings from using carbon fiber can improve fuel economy and performance.
Long Fiber Thermoplastic:
Long fiber thermoplastic is a new term in the industry and it has been used to refer to any thermoplastic that can be woven, knitted or extruded into very long fibers. The most common types of long fiber thermoplastics are polyethylene (PE), polypropylene (PP), polystyrene (PS) and acrylonitrile butadiene styrene (ABS).
Short Fiber Thermoplastic:
Short fiber thermoplastic is a type of thermoplastic material that contains short fibers. The fibers are generally less than one-third of an inch long and are usually made from synthetic materials such as polyester, nylon, or polypropylene. Short fiber thermoplastics have high strength and stiffness which makes them useful in manufacturing automotive composites.
Application Insights:
The use of carbon fiber in the automotive industry has witnessed a paradigm shift due to its ability to reduce overall vehicle weight. Increasing focus on reducing fuel consumption and emissions coupled with rising demand for lightweight vehicles is expected to drive the product demand over the forecast period.
Carbon fibers are used in various interior components such as airbags, seat belts, steering wheels, instrument panels and footpads among others. The growing importance of these products in safety standards is expected to have a positive impact on market growth over the forecast period. Increasing application scope of CFRP materials for manufacturing body structures that support heavy loads is projected to propel market growth over the coming years.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing automotive production in countries, such as China and India. In 2017, Asia Pacific accounted for a share of 29% of global vehicle production. Increasing demand for carbon fiber reinforced plastics from various applications in automobiles has led to an increase in its consumption across this region.
The growing adoption of lightweight materials with superior strength properties will continue driving the product demand across this region. Moreover, favorable government regulations aimed at promoting electric vehicles are expected to boost industry growth over the next eight years.
Growth Factors:
- Increasing demand for lightweight vehicles to improve fuel efficiency and reduce emissions
- Growing popularity of carbon fiber composites in luxury and performance cars
- Rising demand from the aerospace industry for advanced materials that can withstand high temperatures and stress
- Development of new manufacturing technologies that make carbon fiber composites more affordable and accessible to a wider range of consumers
- Growing awareness of the benefits of using carbon fiber composites in automotive applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber in the Automotive Composites Market Research Report
By Type
Long Fiber Thermoplastic, Short Fiber Thermoplastic
By Application
Interior Components, Exterior Components, Chassis Systems, Structural and Powertrains
By Companies
Solvay, Mitsubishi Chemical, Toray Industries, TEIJIN, Hexcel, Protech Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber in the Automotive Composites Market Report Segments:
The global Carbon Fiber in the Automotive Composites market is segmented on the basis of:
Types
Long Fiber Thermoplastic, Short Fiber Thermoplastic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interior Components, Exterior Components, Chassis Systems, Structural and Powertrains
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- Mitsubishi Chemical
- Toray Industries
- TEIJIN
- Hexcel
- Protech Composites
Highlights of The Carbon Fiber in the Automotive Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long Fiber Thermoplastic
- Short Fiber Thermoplastic
- By Application:
- Interior Components
- Exterior Components
- Chassis Systems
- Structural and Powertrains
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Fiber in the Automotive Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbon fiber is a material made from carbon atoms in a matrix. The matrix can be any type of material, but the most common is epoxy resin. Carbon fiber has many properties that make it an attractive choice for automotive composites, including high strength and stiffness, low weight, and good thermal conductivity.
Some of the key players operating in the carbon fiber in the automotive composites market are Solvay, Mitsubishi Chemical, Toray Industries, TEIJIN, Hexcel, Protech Composites.
The carbon fiber in the automotive composites market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber in the Automotive Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbon Fiber in the Automotive Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber in the Automotive Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbon Fiber in the Automotive Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbon Fiber in the Automotive Composites Market Size & Forecast, 2020-2028
4.5.1 Carbon Fiber in the Automotive Composites Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber in the Automotive Composites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long Fiber Thermoplastic
5.2.2 Short Fiber Thermoplastic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Interior Components
6.2.2 Exterior Components
6.2.3 Chassis Systems
6.2.4 Structural and Powertrains
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber in the Automotive Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbon Fiber in the Automotive Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long Fiber Thermoplastic
9.6.2 Short Fiber Thermoplastic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Interior Components
9.10.2 Exterior Components
9.10.3 Chassis Systems
9.10.4 Structural and Powertrains
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long Fiber Thermoplastic
10.6.2 Short Fiber Thermoplastic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Interior Components
10.10.2 Exterior Components
10.10.3 Chassis Systems
10.10.4 Structural and Powertrains
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long Fiber Thermoplastic
11.6.2 Short Fiber Thermoplastic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Interior Components
11.10.2 Exterior Components
11.10.3 Chassis Systems
11.10.4 Structural and Powertrains
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long Fiber Thermoplastic
12.6.2 Short Fiber Thermoplastic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Interior Components
12.10.2 Exterior Components
12.10.3 Chassis Systems
12.10.4 Structural and Powertrains
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long Fiber Thermoplastic
13.6.2 Short Fiber Thermoplastic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Interior Components
13.10.2 Exterior Components
13.10.3 Chassis Systems
13.10.4 Structural and Powertrains
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbon Fiber in the Automotive Composites Market: Competitive Dashboard
14.2 Global Carbon Fiber in the Automotive Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 Mitsubishi Chemical
14.3.3 Toray Industries
14.3.4 TEIJIN
14.3.5 Hexcel
14.3.6 Protech Composites
