Automotive Carbon Thermoplastic Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMPC3622 | Last Updated On: Aug 31 2021 | No. of Pages: 180 | Available Formats

> Global Automotive Carbon Thermoplastic Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Automotive Carbon Thermoplastic Market is segmented By Material Type (Polyamide, Polyurethane, Polypropylene, Polyethylene, Acrylonitrile-butadiene-styrene copolymer (ABS), Polyvinyl Chloride, Polycarbonate, Others), By Application (Exterior, Interior, Chassis, Powertrain & UTH), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

The global Automotive Carbon Thermoplastic market size was worth USD XX billion in 2020 and is estimated to reach USD XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Carbon fiber is an advanced material that is ten times stronger than steel at only a quarter of its weight. Carbon fiber reinforced Thermoplastic (CFRP) is a composite material made of carbon fiber and plastic.

The material has the added advantage of being highly defiant to deformation and both acid and alkaline corrosion. In addition, its potential to meet demands for energy saving and CO2 reduction in the automotive field has drawn increasing attention.

Moreover, the development and application of carbon thermoplastics (CFRPs) for automotive weight reduction and strict CO2 emissions have increased significantly in recent years, aiming towards mass production opportunities

Source: DataM Intelligence Analysis (2021)

Market Dynamics

Increasing environmental and economic concerns are driving the carbon thermoplastic in automotive

The automotive industry is one of the primary sources of global CO2 emissions. For instance, as per United States Environmental Protection Agency (EPA), a typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year. Therefore, automotive companies have focused their research on technologies that reduce these emissions, which has led to the development of low-emission and high-efficiency internal combustion engines, hybrid engines, fuel cell engines, and electric motors. 

Furthermore, weight reduction is important in all automotive applications. For instance, as reported by Japan's Ministry of Transport, decreasing the weight of a single automobile by 100 kg reduces its CO2CO2 emissions by an average of 20 g/km. 

Thus, the development and application of carbon thermoplastics (CFRPs) for automotive weight reduction and strict CO2 emissions have increased significantly in recent years, aiming towards mass production opportunities. For instance, in February 2020, Covestro AG, a German company, developed a new composite technology to produce thin, lightweight, high-strength, aesthetic parts for vehicles that reduce fuel consumption and CO2 emissions or increase the range of electric cars. The technology is based on Continuous Fiber-Reinforced Thermoplastic Polymers (CFRTP) and is marketed under the name Maezio™. 

Henceforth, there is a growing demand for carbon thermoplastic replacing high-tension steel and other materials in EVs, hybrid vehicles and other next-generation eco-cars.

The high production cost of composite thermoplastic is hindering the market

Thermoplastics are much more difficult to impregnate reinforcing fiber because the thermoplastic resin is naturally in a solid-state. Therefore, the resin must be heated to the melting point, and pressure is required to impregnate fibers, and the composite must then be cooled under this pressure. The process is complex and very different from the conventional way of manufacturing thermoset composite. The process requires special tooling, technique, and equipment, many of which are expensive. 

For instance, according to the current market conditions, the price per pound of carbon fiber raw material can vary from 5 to 25 times the price of fiberglass. Compared with steel, the high cost of the materials is even more prominent.

Henceforth, despite composites' excellent performance, carbon fibers are not widely used in product production because of their high cost. 

Segment Analysis

Based on resin type, the automotive carbon thermoplastic market is segmented into Polyamide, Polyurethane, Polypropylene, Polyethylene, Acrylonitrile-butadiene-styrene copolymer (ABS), Polyvinyl Chloride, Polycarbonate and others.

Polyamides, also known as Nylon, are the major engineering and high-performance thermoplastics class because of their good balance of properties. The material exhibits high temperature and electrical resistances. Hence, they are widely used in automotive & transportation markets. For instance, around 12% of thermoplastic parts and components in the automotive industry are manufactured and developed from polyamide.

Recent product developments and launches cater to the demand for polyamides in the market. For instance, Rhodia, a French company, launched a polyamide-based polyamide 610, partially called Technyl eXten, made from castor oil. Technyl eXten is a high-performing polyamide with similar characteristics to polyamide 12 for car companies seeking greener options.

Moreover, DuPont has developed Zytel PLUS, a new family of polyamide products with improved durability that can double the life of thermoplastic components exposed to hot, chemically aggressive and humid environments.

Besides, BASF uses polyamide in transmission beams where it has replaced aluminum in BMW's 5 Series Gran Turismo 550i. Ultramid polyamide and Elastollan PU are used for a crash-active engine cover with an integrated air filter for the 7 series.

Geographical Analysis

Europe is expected to dominate the automotive carbon thermoplastic owing to increased regulation over CO2 emissions and demand for electric vehicles

The European Commission, the European Council and the European Parliament set binding carbon dioxide (CO2) emission targets for new passenger cars and light commercial vehicles for 2025 and 2030. The targets aim to reduce the average CO2 emissions from new cars by 15% and 37.5% in 2025 and 2030, respectively.

Moreover, Europe is buying electric vehicles rapidly and has overtaken China as the world’s biggest EV market. The government subsidies and dozens of new cars and hybrids encourages consumers. As per The Wall Street Journal, Europe’s share of global new electric car sales nearly doubled to 43% last year, while China and the U.S. lost market share. Moreover, sales of plug-in electric vehicles in Europe rose 137% to 1.4 million vehicles last year, outpacing China, which recorded a 12% increase to 1.3 million.

Hence, European companies are more into developing and manufacturing carbon thermoplastic for automotive driven by the growing electric vehicles and stringent regulation over carbon emissions. For instance, DSM, a Netherlands-based company, launched carbon fibers based on DSM’s EcoPaXX® polyamide 410 (PA 410), Akulon® polyamide 6 (PA 6) and Stanyl® polyamide 46 (PA 46). These will facilitate significant weight reduction in automobile body and chassis parts.

In addition, DSM is a partner in the 4-year ENLIGHT project, which includes car companies such as Jaguar Cars, Renault, Volkswagen and Volvo. Part of the European Union’s Seventh Framework Programme, ENLIGHT aims to accelerate the technological development of a portfolio of materials, which together offer a strong potential to reduce weight and overall carbon footprint in medium-to-high volume electric vehicles that could reach the market between 2020 and 2025.

 

Competitive Landscape

The Automotive Carbon Thermoplastic market is moderately competitive with presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Covestro AG, DuPont, BASF SE, DSM, Rhodia, SABIC, LANXESS, Teijin Ltd, Celanese Corporation, Toray Industries among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the automotive carbon thermoplastic market globally.

Covestro AG

Overview: Covestro AG is a German company that produces a variety of polyurethane and polycarbonate-based raw materials. The company is headquartered in Leverkusen, Germany.

Product Portfolio: Covestro AG offers Apec®, a heat-resistant thermoplastic, is ideal for applications in the automotive. The material can comfortably withstand high temperatures up to 150°C according to UL 746B and short-term exposure up to 200 °C.

Key Developments:

  • In February 2020, Covestro AG developed a new composite technology to produce thin, lightweight, high-strength, aesthetic parts for vehicles that reduce fuel consumption and CO2 emissions or increase the range of electric cars. The technology is based on Continuous Fiber-Reinforced Thermoplastic Polymers (CFRTP) and is marketed under the name Maezio™.

Why Purchase the Report?

  • Visualize the composition of the Automotive Carbon Thermoplastic market segmentation by resin type, application and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in Automotive Carbon Thermoplastic market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Automotive Carbon Thermoplastic market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Automotive Carbon Thermoplastic market report would provide an access to an approx. 53 market data tables, 48 figures and 220 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Table of Contents

  1. Global Automotive Carbon Thermoplastic Market Methodology and Scope

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

  3. Global Automotive Carbon Thermoplastic Market – Executive Summary

    1. Market Snippet by Resin Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Global Automotive Carbon Thermoplastic Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increasing Environmental and Economic Concerns
      2. Restraints:
        1. The High Production Cost of Composite Thermoplastic
      3. Opportunity
      4. Impact Analysis
  5. Global Automotive Carbon Thermoplastic Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Pricing Analysis
    4. Regulatory Analysis
    5. Reimbursement Analysis
    6. Unmet Needs
  6. Global Automotive Carbon Thermoplastic Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Automotive Carbon Thermoplastic Market – By Material Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      2. Market Attractiveness Index, By Resin Type
    2. Polyamide*
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Polyurethane
    4. Polypropylene
    5. Polyethylene
    6. Acrylonitrile-butadiene-styrene copolymer (ABS)
    7. Polyvinyl Chloride
    8. Polycarbonate
    9. Others
  8. Global Automotive Carbon Thermoplastic 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 (%)
        1. Body-in-white
        2. Hood
        3. Roof
        4. Door
        5. Fenders
        6. Front-end
        7. Deck Lid
        8. Others
    3. Interior
      1. Seating
      2. Dashboard
      3. Others
    4. Chassis
      1. Suspensions
      2. Wheels
      3. Others
    5. Powertrain & UTH
  9. Global Automotive Carbon Thermoplastic 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 Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. 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 Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. 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 Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10. Global Automotive Carbon Thermoplastic Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Global Automotive Carbon Thermoplastic Market- Company Profiles

    1. Covestro AG*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. DuPont
    3. BASF SE
    4. DSM
    5. Rhodia
    6. SABIC
    7. LANXESS
    8. Teijin Ltd
    9. Celanese Corporation
    10. Toray Industries(*LIST NOT EXHAUSTIVE)
  12. Global Automotive Carbon Thermoplastic Market – Premium Insights

  13. Global Automotive Carbon Thermoplastic Market – DataM

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

List of Tables & Figures

List of Tables

Table 1 Global Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020, 2024 & 2028 (US$ Million)

Table 2 Global Automotive Carbon Thermoplastic Market Value, By Application, 2020, 2024 & 2028 (US$ Million)

Table 3 Global Automotive Carbon Thermoplastic Market Value, By Region, 2020, 2024 & 2028 (US$ Million)

Table 4 Global Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020, 2024 & 2028 (US$ Million)

Table 5 Global Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 6 Global Automotive Carbon Thermoplastic Market Value, By Application, 2020, 2024 & 2028 (US$ Million)

Table 7 Global Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 8 Global Automotive Carbon Thermoplastic Market Value, By Region, 2020, 2024 & 2028 (US$ Million)

Table 9 Global Automotive Carbon Thermoplastic Market Value, By Region, 2020-2028 (US$ Million)

Table 10 North America Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 11  North America Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 12 North America Automotive Carbon Thermoplastic Market Value, By Country, 2020-2028 (US$ Million)

Table 13 South America Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 14 South America Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 15 South America Automotive Carbon Thermoplastic Market Value, By Country, 2020-2028 (US$ Million)

Table 16 Europe Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 17  Europe Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 18 Europe Automotive Carbon Thermoplastic Market Value, By Country, 2020-2028 (US$ Million)

Table 19 Asia-Pacific Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 20 Asia-Pacific Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 21 Asia-Pacific Automotive Carbon Thermoplastic Market Value, By Country, 2020-2028 (US$ Million)

Table 22 Middle East & Africa Automotive Carbon Thermoplastic Market Value, By Resin Type, 2020-2028 (US$ Million)

Table 23 Middle East & Africa Automotive Carbon Thermoplastic Market Value, By Application, 2020-2028 (US$ Million)

Table 24 Covestro AG: Overview

Table 25 Covestro AG: Product Portfolio

Table 26 Covestro AG: Key Developments

Table 27 DuPont: Overview

Table 28 DuPont: Product Portfolio

Table 29 DuPont: Key Developments

Table 30 BASF SE: Overview

Table 31 BASF SE: Product Portfolio

Table 32 BASF SE: Key Developments

Table 33 DSM: Overview

Table 34 DSM: Product Portfolio

Table 35 DSM: Key Developments

Table 36 Rhodia: Overview

Table 37 Rhodia: Product Portfolio

Table 38 Rhodia: Key Developments

Table 39 SABIC: Overview

Table 40 SABIC: Product Portfolio

Table 41 SABIC: Key Developments

Table 42 LANXESS: Overview

Table 43 LANXESS: Product Portfolio

Table 44 LANXESS: Key Developments

Table 45 Teijin Ltd: Overview

Table 46 Teijin Ltd: Product Portfolio

Table 47 Teijin Ltd: Key Developments

Table 48 Celanese Corporation: Overview

Table 49 Celanese Corporation: Product Portfolio

Table 50 Celanese Corporation: Key Developments

Table 51 Toray Industries: Overview

Table 52 Toray Industries: Product Portfolio

Table 53 Toray Industries: Key Developments

List of Figures

Figure 1  Global Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 2 Global Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 3 Global Automotive Carbon Thermoplastic Market Share, By Region, 2020 & 2028 (%)

Figure 4 Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 5 Global Automotive Carbon Thermoplastic Market Y-o-Y Growth, By Resin Type, 2020-2028 (%)

Figure 6 Polyamide: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 7  Polyurethane: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 8 Polypropylene: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 9 Polyethylene: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 10 Acrylonitrile-butadiene-styrene copolymer (ABS): Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 11  Polyvinyl Chloride: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 12 Polycarbonate: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 13 Sub18: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 14 Global Automotive Carbon Thermoplastic Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 15 Exterior: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 16 Interior: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 17  Chassis: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 18 Powertrain & UTH: Global Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 19 Global Automotive Carbon Thermoplastic Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 20 North America Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 21 North America Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 22 North America Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 23 North America Automotive Carbon Thermoplastic Market Share, By Country, 2020 & 2028 (%)

Figure 24 South America Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 25 South America Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 26 South America Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 27 South America Automotive Carbon Thermoplastic Market Share, By Country, 2020 & 2028 (%)

Figure 28 Europe Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 29 Europe Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 30 Europe Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 31 Europe Automotive Carbon Thermoplastic Market Share, By Country, 2020 & 2028 (%)

Figure 32 Asia-Pacific Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 33 Asia-Pacific Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 34 Asia-Pacific Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 35 Asia-Pacific Automotive Carbon Thermoplastic Market Share, By Country, 2020 & 2028 (%)

Figure 36 Middle East & Africa Automotive Carbon Thermoplastic Market Value, 2020-2028 (US$ Million)

Figure 37 Middle East & Africa Automotive Carbon Thermoplastic Market Share, By Resin Type, 2020 & 2028 (%)

Figure 38 Middle East & Africa Automotive Carbon Thermoplastic Market Share, By Application, 2020 & 2028 (%)

Figure 39 Covestro AG: Financials

Figure 40 DuPont: Financials

Figure 41 BASF SE: Financials

Figure 42 DSM: Financials

Figure 43 Rhodia: Financials

Figure 44 SABIC: Financials

Figure 45 LANXESS: Financials

Figure 46 Teijin Ltd: Financials

Figure 47 Celanese Corporation: Financials

Figure 48 Toray Industries: Financials

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