Market Summary
Research Methodology on Carbon Fiber Automotive Market
INTRODUCTION
The Carbon Fiber Automotive Market is expected to reach 4.5 million tons by 2026. This market is driven by developments in the automotive industry, attractive properties of carbon fiber, a wide range of applications and advancements in producing carbon fiber with improved properties.
This research report analyses the market size of Carbon Fiber Automotive globally, regionally and individually. It also identifies competitive strategies adopted by key market players and intends to analyze the competitive landscape, value chain assessment and market dynamics including drivers, challenges, trends, opportunities and Porter’s Five Forces Analysis.
RESEARCH METHODOLOGY
This section covers the research methodology adopted for the Carbon Fiber Automotive Market report. The research methodology adopted for this report includes both primary and secondary research.
Primary Research:
The primary research methodology adopted to collect data are interviews with industry experts. Both quantitative and qualitative interviews have been conducted. The qualitative interviews mainly covered the understanding of the trends, and macro and micro-economic factors, which will likely influence the growth of the market.
Secondary Research:
Secondary research has been used to identify and collect detailed information on the carbon fiber automotive market. Extensive research has been conducted to analyze the market size, growth rate, market trends, competitive landscape and outlook. The sources of information gathered through secondary research include industry association magazines, newsletters, whitepapers, databases, company financial reports and annual reports, corporate presentations, industry analyst reports and other available sources.
MARKET SIZE ESTIMATION
The market size estimation of the Carbon Fiber Automotive Market has been conducted using the top-down and bottom-up approach. The bottom-up approach has been employed to deduce the global market size of Carbon Fiber Automotive, from the revenue of key players and their market share. The top-down approach has been employed to appraise the size of other individual markets. The dataset has been triangulated based on industry players’ revenues, production capacity and industry trends & developments. The economic and non-economic factors affecting the Carbon Fiber Automotive Market have been evaluated to estimate the market size.
MARKET STATUS
The global Carbon Fiber Automotive Market has been segmented into North America, Europe, Asia-Pacific and the rest of the world.
Europe held the largest market share in 2022, and is expected to continue this trend in the forecast period, owing to the increasing competition in the automotive industry and the advancements in technology.
Asia Pacific is expected to have the fastest growth rate because of the increasing demand in the automotive sector. Key countries including China, Japan, India and South Korea are expected to grow at a rapid pace.
North America has also grown at an impressive pace due to the shift in preference for luxury cars.
The Carbon Fiber Automotive Market in the rest of the world is expected to grow at a steady rate due to the lack of a well-established carbon fiber market base.
ANALYSIS
The Carbon Fiber Automotive Market is analyzed through Porter's Five Forces Analysis. This analysis helps in identifying the potential of buyers and suppliers and understanding the competition in the market.
It also reveals the value chain analysis, market and regional segmentation, market dynamics, pricing analysis and changing market trends, drivers and restraints.
The Carbon Fiber Automotive Market has been studied for different types, applications, major regions and major players.
CONCLUSION
The Carbon Fiber Automotive Market has seen significant growth over the past few years, owing to the increasing demand in the automotive, aerospace and defence sectors. The market is expected to witness even faster growth during the forecast period, due to the rising preference for lightweight materials and the ongoing developments in the carbon fiber automotive market. The market is likely to be driven by the increasing competition in the automotive, aerospace and defence industries, attractive properties of carbon fiber and advancements in producing carbon fiber with improved properties.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 6.09 Billion |
Market Size 2024 | USD 6.49 Billion |
Market Size 2032 | USD 10.91 Billion |
Compound Annual Growth Rate (CAGR) | 6.70% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Application, Material, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | 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, and Toray Industries Inc. (Japan) |
Key Market Opportunities | Policies enforced by regulatory bodies to lower overall vehicle weight. |
Key Market Dynamics | It is used in the automotive industry to manufacture lightweight vehicles. Carbon fiber is used in the brakes of racing cars and luxury vehicles. |
Major Players
Carbon Fiber in Automotive Application Outlook (USD Billion, 2018-2030)
Exterior
Chassis System
Interior
Others
Carbon Fiber in Automotive Material Outlook (USD Billion, 2018-2030)
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Carbon Fiber in Automotive Regional Outlook (USD Billion, 2018-2030)
North America Outlook (USD Billion, 2018-2030)
North America Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
North America Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
US Outlook (USD Billion, 2018-2030)
US Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
US Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
CANADA Outlook (USD Billion, 2018-2030)
CANADA Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
CANADA Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Europe Outlook (USD Billion, 2018-2030)
Europe Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Europe Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Germany Outlook (USD Billion, 2018-2030)
Germany Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Germany Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
France Outlook (USD Billion, 2018-2030)
France Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
France Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
UK Outlook (USD Billion, 2018-2030)
UK Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
UK Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
ITALY Outlook (USD Billion, 2018-2030)
ITALY Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
ITALY Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
SPAIN Outlook (USD Billion, 2018-2030)
Spain Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Spain Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Rest Of Europe Outlook (USD Billion, 2018-2030)
REST OF EUROPE Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
REST OF EUROPE Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Asia-Pacific Outlook (USD Billion, 2018-2030)
Asia-Pacific Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Asia-Pacific Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
China Outlook (USD Billion, 2018-2030)
China Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
China Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Japan Outlook (USD Billion, 2018-2030)
Japan Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Japan Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
India Outlook (USD Billion, 2018-2030)
India Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
India Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Australia Outlook (USD Billion, 2018-2030)
Australia Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Australia Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
Rest of Asia-Pacific Low-Profile Additives by Application
Exterior
Chassis System
Interior
Others
Rest of Asia-Pacific Low-Profile Additives by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Rest of the World Outlook (USD Billion, 2018-2030)
Rest of the World Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Rest of the World Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
- Middle East Outlook (USD Billion, 2018-2030)
Middle East Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Middle East Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Africa Outlook (USD Billion, 2018-2030)
Africa Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Africa Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Latin America Outlook (USD Billion, 2018-2030)
Latin America Carbon Fiber in Automotive by Application
Exterior
Chassis System
Interior
Others
Latin America Carbon Fiber in Automotive by Material
TEXTILE
Long Fiber Thermoplastic (LFT)
Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Others
Leave a Comment