Carbon Fiber in Automotive Composites Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

Carbon fiber is a light-weight material that has high-strength characteristics. It can be designed for improved performance in automotive applications. Carbon fiber offers superior functional, structural, or cosmetic properties. Major carbon fiber manufacturers are striving to meet the vehicle OEMs, system suppliers, and customers' needs and expectations. Major car companies, such as Audi, BMW, Honda, and GM have established agreements with carbon fiber manufacturers for mass production and are heavily investing in their processes for low-cost carbon fiber manufacturing.

MARKET DYNAMICS

The flourishing automotive industry fuels the carbon fiber in the automotive composites market. In addition to this, rising demand for lightweight materials in race cars, luxury cars, and other high-performance cars is propelling the market demand. Carbon fiber in the automotive composites market is anticipated to increase during the forecast period. Companies are establishing new partnerships and launching new carbon fiber technologies to produce automotive components. This, in turn, is aiding the growth of carbon fiber in the automotive market.

MARKET SCOPE

The "Global Carbon Fiber in Automotive Composites Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the carbon fiber in automotive composites market with detailed market segmentation by production type, application and geography. The global carbon fiber in automotive composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carbon fiber in automotive composites market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global carbon fiber in automotive composites market is segmented on the basis of production type and application. On the basis of production type, carbon fiber in automotive composites market is classified into hand layup, resin transfer molding, vacuum infusion processing, injection molding, compression molding. On the basis of application, market is segmented into structural assembly, power train components, interior, exterior and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon fiber in automotive composites market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The carbon fiber in automotive composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the carbon fiber in automotive composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the carbon fiber in automotive composites market in these regions.

MARKET PLAYERS

The reports cover key developments in the carbon fiber in automotive composites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from carbon fiber in automotive composites market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the carbon fiber in automotive composites market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carbon fiber in automotive composites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aksa Akrilik Kimya Sanayii .
  
•   Cytec Industries Incorporated
  
•   Hexcel Corporation
  
•   Hyosung Corporation
  
•   Mitsubishi Chemical Carbon Fiber and Composites Inc.
  
•   SABIC
  
•   SGL Carbon SE
  
•   Teijin Limited
  
•   Toray Industries
  
•   ZOLTEK Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Carbon Fiber in Automotive Composites Report Scope