The Carbon Fiber in Automotive Market Size was valued at USD 2.77 Billion in 2022. The Carbon Fiber in the Automotive industry is projected to grow from USD 9.1 Billion in 2023 to USD 6.1 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.45% during the forecast period (2023 - 2030). The rising upcoming development in the fields of automobiles, aerospace & defense, and wind energy industries shall augment the market growth. Growing automotive demand, along with an increasing need for lightweight vehicles, is anticipated to drive the overall market. The need for fuel-efficient vehicles and strict government regulations regarding carbon emissions are key factors driving the industry outlook.
Hexcel Corporation (US)
Mitsubishi Chemical Carbon Fiber and Composites Inc. (US)
SGL Carbon SE (Germany)
Cytec Solvay Group (US)
Teijin Limited (Japan)
DOWAKSA (US)
Formosa Plastic Corp. (Taiwan)
ZOLTEK (US)
Sigmatex Ltd
Toray Industries Inc. (Japan)
In August 2020, Mitsubishi Chemical Corporation completed the acquisition of CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT, two German carbon fiber recycling companies.
In February 2020, The ANAND Group collaborated with FAR-UK for the development of carbon fiber composites and for reducing carbon emissions. FAR-UK manufactures and designs lightweight structural composite solutions.
Carbon Fiber in Automotive Application Outlook
Exterior
Chassis System
Interior
Pressure Vessel
Power Train System
Underbody System
Carbon Fiber in Automotive Material Outlook
Textile
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Prepreg
Carbon Fiber in Automotive Regional Outlook
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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