Global Carbon Fiber Composites In Automotive Market Size By Application, By Material, By Geographic Scope And Forecast

Carbon Fiber Composites In Automotive Market Scope

In the auto industry, the use of carbon composites is mostly used in racecars, high-end performance vehicles, and some high-end luxury vehicles. Although the wind-energy and aerospace industries dominate usage carbon fiber composites in automotive have large growth potential. Carbon fibers are the major load-bearing components in most of such composites. Epoxy is the most frequently used polymer matrix with carbon fibers. Polyester, polysulfone, polyimide, and thermoplastic resins are also used in carbon fiber composites. The use of composites continues to grow, the composite materials industry will grow at a faster rate than most industries during the next decade.

The market study is being classified, by Application (Racecars, High-End Performance Vehicles and High-End Luxury Vehicles) and major geographies with the country-level break-up.

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Market Trend

• Manufacturers are Adopting Light Material for Overall Weight Reduction of the Vehicle
• Glass and Carbon Fiber Is another Innovation That Has Gained Popularity in the Automobile Industry

Market Drivers

• Rising Use of Carbon Fibre Reinforced Plastics (CFRP) in Luxury Car
• Recyclable Carbon Fiber Have Directly Impacted In the Global Automotive Industry due to Development of Hybrid Cars

Opportunities

• The Succession of Auto OEM/fiber Supplier Partnerships Formed over the Past Few Years
• Manufacturers Are Focusing On Developing Low-Cost Carbon Fiber Composites through Recycling Strategies

Restraints

• High Cost of Carbon Fiber Composited as compare to Metals

The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at HTF MI predicts that United States Vendors will contribute to the maximum growth of Global Carbon Fiber Composites In the Automotive market throughout the predicted period.

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Some of the key companies/manufacturers profiled in the report

• ZOLTEK Corporation (United States)
• Cytec Industries (United States)
• SGL Carbon SE (Germany)
• Toray Industries, Inc. (Japan)
• ACP Composites, Inc (United States)
• Clearwater Composites, LLC (United States)
• Owens Corning (United States)
• HITCO Carbon Composites Inc (United States)
• Mitsubishi Rayon Carbon Fiber and Composites, Inc. (United States)
• Polar Manufacturing Limited (United Kingdom)
• Rock West Composites (United States)

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HTF Market Intelligence Consulting Private Limited

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