Global Automotive Carbon Thermoplastic Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Carbon Thermoplastic Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Automotive Carbon Thermoplastic market finds that the global Automotive Carbon Thermoplastic market reached a value of USD 1101.09 million in 2022. It’s expected that the market will achieve USD 2894.87 million by 2028, exhibiting a CAGR of 17.48% during the forecast period.

Limitations

The manufacturing cost of carbon thermoplastics is high, especially carbon fiber, one of its raw materials, and the production cost is high. Few players participate in this business. Higher manufacturing costs make carbon thermoplastics primarily used in high-end and custom cars. Higher manufacturing costs have discouraged price-sensitive consumers, which has also limited the development of the carbon thermoplastic industry.
Due to the outbreak of the COVID-19 virus, the global economy has been severely affected, and the automotive carbon thermoplastic industry is no exception. The epidemic situation in Europe and the United States, which is the main consumer region, is severe. Some of these countries have declared blockades, suspension of work and school, and people are restricted from being able to go out at home. Not only is the production process of the automotive carbon thermoplastics industry affected, the purchase intention of downstream customers is also greatly reduced, and the entire production chain is negatively affected.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are Toray, Teijin, Mitsubishi Rayon with the revenue market share of 19.69%, 13.71% and 12.66% in 2019.

Zoltek is a materials company headquartered in St. Louis, MO that engages in the development, manufacture, and marketing of commercial carbon fiber for various applications. Their primary customers are in the sectors of wind energy, alternative energy, lightweight automobiles, construction and infrastructure, and oil exploration.

Teijin Limited is a Japanese chemical, pharmaceutical and information technology company. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT products.

Segmentation Overview:

Among different product types, Polyphenylene Sulfide segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Interior segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Carbon Thermoplastic market covered in Chapter 3:

Teijin
Mitsubishi Rayon
Solvay
Hexcel
SGL
Toray
Celanese
SABIC

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Carbon Thermoplastic market from 2018 to 2029 is primarily split into:

Polyphenylene Sulfide
Polyether Ether Ketone
Polycarbonate
Polyetherimide
Polyamide
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Carbon Thermoplastic market from 2018 to 2029 covers:

Exterior
Interior
Chassis
Powertrain & UTH

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)