Automotive Carbon Fiber Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DAT99 | Last Updated On: Mar 31 2020 | No. of Pages: 213 | Available Formats

> Global Automotive Carbon Fiber Market Expected to reach a high CAGR of 8% By 2027: DataM Intelligence

Global Automotive Carbon Fiber Market is segmented By Application (Exterior, Interiors, Structural Assembly, Powertrain Cowl, Others), By Material (Long Fiber Thermoplastic, Short Fiber Thermoplastic, Continuous Carbon Fiber Thermoplastic, Sheet Molding Compound, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Automotive Carbon Fiber Market is expected to grow at a CAGR of 8% during the forecasting period (2020-2027).This is mainly due to increasing demand for fuel-efficient vehicles coupled with rising penetration light-weight electric vehicles in developed countries like the US, the UK, Germany, Norway, and others.

https://msbs-dmi-img.s3.eu-west-2.amazonaws.com/bucketFolder/1568029359577-lg.png

**Source: DataM Intelligence Analysis (2019)

Carbon Fiber is a polymer and is sometimes known as graphite fiber. It is a very strong material that is also very lightweight. Carbon fiber is five-times stronger than steel and twice as stiff. Though carbon fiber is stronger and stiffer than steel, it is lighter than steel; making it the ideal manufacturing material for automotive industry. According to US Department of Energy, carbon fiber composites could reduce passenger car weight by 50%, which would improve fuel efficiency by nearly 35% without compromising the performance of the car or the safety of its passengers. Therefore, rising awareness about benefits of carbon fiber and increased adoption of carbon fiber by manufacturers in automotive industry will further boost growth in the market.

The report covers all the major trends and drivers playing a vital role in the growth of the global Automotive Carbon Fiber market. The global Automotive Carbon Fiber market has been segmented based on region, application, and material.

Global Automotive Carbon Fiber Market Value (USD Mn), 2018-2026

**Source: DataM Intelligence

Market Dynamics

The global Automotive Carbon Fiber market growth is primarily driven by various technological advancements happening in the industry coupled with launch of new and innovative Carbon Fiber for automobiles by the market players. Moreover, growing demand for carbon fiber-reinforced plastics in luxury cars, race cars and other high-performance cars pushing the market towards growth. Technological development and new material systems to make carbon fiber parts for mass-volume vehicles have direct impact on the dynamics of the automotive composites carbon fiber market.

In addition, vehicle production is increasing owing to the rising demand for comfort, rise in penetration and demand for light weight passenger vehicles, government norms regarding pollution & steps taken to implement electric vehicles. Many car companies, such as BMW, Audi, GM, Honda, and Polestar have established agreements with carbon fiber material producers for mass production, and are investing in their processes to support low-cost carbon fiber manufacturing. Therefore, rise in popularity among passenger and commercial vehicles manufacturers and increase in sales of EV is expected to drive the market over the forecast period.

Number of electric cars in circulation (in million) (2013 & 2017)

**Source: DataM Intelligence

However, various microeconomic factors and high initial cost might hinder the market growth. For instance, India’s passenger vehicle industry suffered its worst sales performance in nearly 19 years in 2019; as a slowing economy, higher ownership costs, and floods in some states deterred buyers.

Market Segmentation

By application, the global automotive carbon fiber market is segmented into exteriors, interiors, structural assembly, powertrain cowl, and others (under body system, pressure vessel). In 2018, Exterior segment accounted for the majority share in the global market.  Carbon fiber body panels are used on performance-oriented vehicles because they are approximately twice as rigid, significantly stronger but is much lighter than panels made from steel and is also more rigid, stronger and lighter than aluminum panels. Reduced weight increases the performance as the engine will have less weight to carry and it will get better fuel efficiency.

By material, the global automotive carbon fiber market is segmented into long fiber thermoplastic, short fiber thermoplastic, continuous carbon fiber thermoplastic, sheet molding compound, and others (textile, Prepreg). Carbon fiber-reinforced plastics (CFRPs) are finding their way into new applications as industries demand materials with ever-higher strength-to-weight ratios, corrosion resistance, and workability. The widespread adoption of CFRPs in alternative vehicles such as electric/hybrid and fuel cell vehicles, and CO2 emission regulations mandated by the European and U.S. parliaments are also expected to drive the automotive carbon fiber market globally.

Global Automotive Carbon Fiber Market, by Region, 2018 (% share)

**Source: DataM Intelligence

Geographical Analysis

By geography, the global Automotive Carbon Fiber Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

Global Automotive Carbon Fiber Market, by Region, 2018 (% share)

**Source: DataM Intelligence

In 2018, APAC dominated the global Automotive Carbon Fiber market. In addition, China is the leading country in the region as well as globally. Most of the product demand in Asia Pacific is fulfilled by China, India, South Korea, and Japan. China is the number one automotive market, with 300 million cars on the road (vs. 270 million in the US) and production of 24.8 million vehicles in 2017, compared to 11.2 million in the US, 8.4 million in Japan, almost 5.7 million in Germany, and 4 million and 3.7 million in India and South Korea, respectively.

In North America and Europe, the automotive industry continues to develop composites for light-weighting vehicles, driven by fuel economy and emissions regulations. For instance, EU emissions regulations mandate a mere 95 g/km of CO2 by 2021, with another 15% reduction by 2025, and in 2030, a further 30% reduction from 2021.

To meet the standards for emissions and carbon fiber use, major manufacturers and OEMs in the market have started investing in R&D activities as well as entering into partnerships for technology exchange across borders. For instance, Magna Exteriors formed a joint venture with GAC Component Co. Ltd. (GACC, Guangzhou, China) to begin production of thermoplastic composite (TPC) liftgates for a global automaker's crossover vehicle starting in late 2018.

Kangde Group (Hong Kong) entered an agreement with BAIC Motor to build an Industry 4.0 smart factory in Changzhou to produce CFRP car body and other components beginning in 2019 and scaling to 6 million parts/yr — its 66,000 MT/yr carbon fiber facility in Rongcheng will begin production in 2023.

Competitive Analysis

Global Automotive Carbon Fiber Market is fragmented with the presence of global and regional players in the market. The market players in the Automotive Carbon Fiber market are focusing on expanding through strategic interventions, such as acquisitions, collaborations, expansion and launching advanced products in the Automotive Carbon Fiber market.  To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Automotive Carbon Fiber.

Intense rivalry among top players in the market has started fierce competition at various levels for setting a low price, driving aggressive marketing strategies, and new and innovative product launches as per consumers’ preference.

Some major players in the market are Hexcel Corporation, Mitsubishi Chemical Corporation, SGL Carbon SE, Teijin Limited, Toray Industries Inc., A&P Technology Inc, DowAksa USA LLC, Solvay, Kemrock Industries and Exports Limited, Cytec Industries Inc, and among others.

Compitative Landscape

**Source: DataM Intelligence

Why Purchase the Report?

  • Identify new growth opportunities with In-depth insights for strategic business plans and design innovative strategies for sustainable growth.

  • Comprehensive details on factors that will drive or challenge the growth of market players.

  • Deep Sector-Specific Intelligence

  • Highlights of the competitive landscape

**The global Automotive Carbon Fiber market report would provide access to an approx., 92 market data table,76 figures, and 188  pages.

Target Audience:

  • Automobile manufacturers

  • Industry associations and automotive experts

  • Automotive component manufacturers

  • Automotive technology providers

  • Tier 1, Tier 2, and Tier 3 suppliers

  • Industry Investors/Investment Bankers

 

Table of Contents​​​​​​​

  1. Automotive Carbon Fiber Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Automotive Carbon Fiber Market – Market Definition and Overview

  3. Automotive Carbon Fiber Market – Executive Summary

    1. Market Snippet by Application
    2. Market Snippet by Material
    3. Market Snippet by Region
  4. Automotive Carbon Fiber Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising Demand for Fuel-Efficient Vehicles
      2. Restraints
        1. High cost of carbon fiber
      3. Opportunity Analysis
      4. Impact Analysis
  5. Automotive Carbon Fiber Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Automotive Carbon Fiber Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Exterior*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Interiors
    4. Structural Assembly
    5. Powertrain Cowl
    6. Others
  7. Automotive Carbon Fiber Market – By Material

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      2. Market Attractiveness Index, By Material
    2. Long Fiber Thermoplastic*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Short Fiber Thermoplastic
    4. Continuous Carbon Fiber Thermoplastic
    5. Sheet Molding Compound
    6. Others
  8. Automotive Carbon Fiber Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Colombia
        5. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Australia
        7. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
  9. Automotive Carbon Fiber Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Company Profiles

    1. Toray Industries Inc.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Hexcel Corporation
    3. Mitsubishi Chemical Corporation
    4. SGL Carbon SE
    5. Teijin Limited
    6. A&P Technology Inc
    7. DowAksa USA LLC
    8. Solvay
    9. Kemrock Industries and Exports Limited
    10. Cytec Industries Inc (**List not exhaustive)
  11. Automotive Carbon Fiber Market – Premium Insights

  12. Automotive Carbon Fiber Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables
Table 01 Global Automotive Carbon Fiber Market Value, By Application, 2018,2022 & 2027 ($ Million)
Table 02 Global Automotive Carbon Fiber Market Value, By Material, 2018,2022 & 2027 ($ Million)
Table 03 Global Automotive Carbon Fiber Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 04 Global Automotive Carbon Fiber Market Value, By Application, 2018,2022 & 2027 ($ Million)
Table 05 Global Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 06 Global Automotive Carbon Fiber Market Value, By Material, 2018,2022 & 2027 ($ Million)
Table 07 Global Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 08 Global Automotive Carbon Fiber Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 09 Global Automotive Carbon Fiber Market Value, By Region, 2017-2027 ($ Million)
Table 10 North America Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 11 North America Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 12 North America Automotive Carbon Fiber Market Value, By Country, 2017-2027 ($ Million)
Table 13 South America Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 14 South America Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 15 South America Automotive Carbon Fiber Market Value, By Country, 2017-2027 ($ Million)
Table 16 Europe Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 17 Europe Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 18 Europe Automotive Carbon Fiber Market Value, By Country, 2017-2027 ($ Million)
Table 19 Asia-Pacific Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 20 Asia-Pacific Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 21 Asia-Pacific Automotive Carbon Fiber Market Value, By Country, 2017-2027 ($ Million)
Table 22 Middle East & Africa Automotive Carbon Fiber Market Value, By Application, 2017-2027 ($ Million)
Table 23 Middle East & Africa Automotive Carbon Fiber Market Value, By Material, 2017-2027 ($ Million)
Table 24 Toray Industries Inc.: Overview
Table 25 Toray Industries Inc.: Product Portfolio
Table 26 Toray Industries Inc.: Key Developments
Table 27 Hexcel Corporation: Overview
Table 28 Hexcel Corporation: Product Portfolio
Table 29 Hexcel Corporation: Key Developments
Table 30 Mitsubishi Chemical Corporation: Overview
Table 31 Mitsubishi Chemical Corporation: Product Portfolio
Table 32 Mitsubishi Chemical Corporation: Key Developments
Table 33 SGL Carbon SE: Overview
Table 34 SGL Carbon SE: Product Portfolio
Table 35 SGL Carbon SE: Key Developments
Table 36 Teijin Limited: Overview
Table 37 Teijin Limited: Product Portfolio
Table 38 Teijin Limited: Key Developments
Table 39 A&P Technology Inc: Overview
Table 40 A&P Technology Inc: Product Portfolio
Table 41 A&P Technology Inc: Key Developments
Table 42 DowAksa USA LLC: Overview
Table 43 DowAksa USA LLC: Product Portfolio
Table 44 DowAksa USA LLC: Key Developments
Table 45 Solvay: Overview
Table 46 Solvay: Product Portfolio
Table 47 Solvay: Key Developments
Table 48 Kemrock Industries and Exports Limited: Overview
Table 49 Kemrock Industries and Exports Limited: Product Portfolio
Table 50 Kemrock Industries and Exports Limited: Key Developments
Table 51 Cytec Industries Inc: Overview
Table 52 Cytec Industries Inc: Product Portfolio
Table 53 Cytec Industries Inc: Key Developments 

List of Figures
Figure 01 Global Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 02 Global Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 03 Global Automotive Carbon Fiber Market Share, By Region, 2018 & 2027 (%)
Figure 04 Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 05 Global Automotive Carbon Fiber Market Y-o-Y Growth, By Application, 2018-2027 (%)
Figure 06 Exterior: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 07 Interiors: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 08 Structural Assembly: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 09 Powertrain Cowl: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 10 Others: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 11 Global Automotive Carbon Fiber Market Y-o-Y Growth, By Material, 2018-2027 (%)
Figure 12 Long Fiber Thermoplastic: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 13 Short Fiber Thermoplastic: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 14 Continuous Carbon Fiber Thermoplastic: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 15 Sheet Molding Compound: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 16 Others: Global Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 17 Global Automotive Carbon Fiber Market Y-o-Y Growth, By Region, 2018-2027 (%)
Figure 18 North America Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 19 North America Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 20 North America Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 21 North America Automotive Carbon Fiber Market Share, By Country, 2018 & 2027 (%)
Figure 22 South America Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 23 South America Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 24 South America Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 25 South America Automotive Carbon Fiber Market Share, By Country, 2018 & 2027 (%)
Figure 26 Europe Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 27 Europe Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 28 Europe Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 29 Europe Automotive Carbon Fiber Market Share, By Country, 2018 & 2027 (%)
Figure 30 Asia-Pacific Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 31 Asia-Pacific Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 32 Asia-Pacific Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 33 Asia-Pacific Automotive Carbon Fiber Market Share, By Country, 2018 & 2027 (%)
Figure 34 Middle East & Africa Automotive Carbon Fiber Market Value, 2017-2027 ($ Million)
Figure 35 Middle East & Africa Automotive Carbon Fiber Market Share, By Application, 2018 & 2027 (%)
Figure 36 Middle East & Africa Automotive Carbon Fiber Market Share, By Material, 2018 & 2027 (%)
Figure 37 Toray Industries Inc.: Financials
Figure 38 Hexcel Corporation: Financials
Figure 39 Mitsubishi Chemical Corporation: Financials
Figure 40 SGL Carbon SE: Financials
Figure 41 Teijin Limited: Financials
Figure 42 A&P Technology Inc: Financials
Figure 43 DowAksa USA LLC: Financials
Figure 44 Solvay: Financials
Figure 45 Kemrock Industries and Exports Limited: Financials
Figure 46 Cytec Industries Inc: Financials

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest