Global Carbon Fiber In Automotive Composites Market 2024-2028
The carbon fiber in automotive composites market is forecasted to grow by USD 173.1 mn during 2023-2028, accelerating at a CAGR of 5.72% during the forecast period. The report on the carbon fiber in automotive composites market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by excellent properties exhibited by carbon fiber, stringent regulations in automotive industry, and increased automobile production capacity in apac.
Technavio's carbon fiber in automotive composites market is segmented as below:
By Application
- Exterior components
- Interior components
- Structural and powertrains
- Chassis systems
- Others
By Material
- Long fiber thermoplastic
- Sheet moulding compound
- Prepreg
- Short fiber thermoplastic
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the developments in automotive industry as one of the prime reasons driving the carbon fiber in automotive composites market growth during the next few years. Also, increasing demand for fuel-efficient vehicles and growing demand for cfrp will lead to sizable demand in the market.
The report on the carbon fiber in automotive composites market covers the following areas:
- Carbon fiber in automotive composites market sizing
- Carbon fiber in automotive composites market forecast
- Carbon fiber in automotive composites market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon fiber in automotive composites market vendors that include ACP Composites Inc., China Composites Group Corp. Ltd., DowAksa, Formosa Plastics Corp., Hexcel Corp., HP Composites S.p.A. , Hyosung Corp., Knauf Industries, Kureha Corp., Mitsubishi Chemical Group Corp., Muhr und Bender KG, Plasan Sasa Ltd., Revchem Composites Inc., SAERTEX GmbH and Co.KG, Saudi Basic Industries Corp., SGL Carbon SE, Shenzhen KIY Carbon Co. Ltd., Solvay SA, Teijin Ltd., and Toray Industries Inc.. Also, the carbon fiber in automotive composites market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.