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Carbon Fiber in Automotive Market

Carbon Fiber in Automotive Market Size, Share & Trends Analysis Report

Carbon Fiber in Automotive Market

Published
Report ID : AIMR 1619
Number of pages : 300
Published Date : Mar 2024
Category : Materials
Delivery Timeline : 48 hrs

Global Carbon Fiber in Automotive Market Overview

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.

Key Companies in the Carbon Fiber in Automotive market include

  • 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)

Carbon Fiber in Automotive Industry Developments

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 Market Segmentation

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

 
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

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