Automotive Carbon Fiber Composites Market Global Segmentation and Major Key Players Analysis 2023
The booming automotive industry is also opening the skies for the growth of automotive carbon fiber composites markets. The new research report about the global automotive carbon fiber composites market published by Market Research Future (MRFR) measures proliferation for this market at 10.6% CAGR between 2017 and 2023.
Monitoring the market structure, this report mensurates the future growth potential of the market. It characterizes the strategies of the major market players in the market and aids the competitive developments like research & developments (R&D), new product developments, mergers & acquisitions, and joint ventures, in the market.
The predominant factors enhancing the global automotive carbon fiber composites market growth include the adoption of new technologies and growing demand for carbon fiber-reinforced plastics in luxury cars. The third factor driving the market growth is the popularity of race cars and many other high-performance cars. Development of material systems and transformative technologies to make carbon fiber parts for mass-volume vehicles can also strengthen the market growth. However, the high cost of manufacturing composite materials can hamper market growth.
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Market Segmentation
The global automotive carbon fiber composites market segmentation covers application and production type. MRFR is analyzing the features of these segments to understand market trends.
The application-based segmentation of this market covers interior, exterior, power train components, structural assembly, and others.
Based on production type, the market has been segmented into compression molding, hand lyup, injection molding, resin transfer molding, and vacuum infusion processing.
Regional Segmentation
The regional segmentation of the global automotive carbon fiber composites market covers Asia Pacific, North America, Europe, and Rest of the World (RoW).
The Asia Pacific is largest as well as the fastest-growing regional market as China and India due to features like enhanced fuel efficiency and lightweight vehicles. Increased production capacity in terms of technological advancement and product volume is also boosting the market. Japan is the third most important country-specific market in this region. Other countries of the Asia Pacific region also aid revenue growth in this market.
North America is a primal regional market due to the established automotive sector, technological advancement, strong manufacturing sector, heavy sales as well as use of automotive vehicles, and presence of many key market players. Biggest revenue-generating country-specific markets in this region are the USA and Canada.
Europe is another major regional market due to the reasons the same as in North America. The predominant country-specific markets in this region are France, Germany, Spain, and the UK. Other countries in Europe also generate sizable revenue.
Key Players
Major players in the global automotive carbon fiber composites market include ACP Composites, Inc (USA), Clearwater Composites, LLC (USA), Cytec Industries (USA), HITCO Carbon Composites Inc (USA), Mitsubishi Rayon Carbon Fiber & Composites Inc. (USA), Owens Corning (USA), Polar Manufacturing Limited (UK), Rock West Composites (USA), SGL Carbon SE (Germany), and Toray Industries, Inc. (Japan).
Latest Industry News
SGL Carbon has delivered its millionth composite leaf spring to Sweden-based Volvo Cars. The leaf spring has been manufactured at the Innkreis site in Austria. 17 JUL 2019
Michelman is set to introduce visitors to the JEC Forum Chicago Conference & Business Meetings to its portfolio of fiber-sizing solutions that help industry exploit the benefits of composites. Fiber sizings offered by Michelman are available for a variety of application types. They can improve the fiber-polymer interface adhesion. 20 JUN 2019
Offered by EFC International, the Bulge Control Technology is being used by BBA to manufacture the rivet nuts to attach carbon fiber and composite panels in automotive. BCT River Nut is a light-weighting solution. Not only BCT Rivet Nuts have ultra-high-strength, but they are also engineered to prevent cracking or delamination of carbon fiber panels. 17 JUL 2019
Teijin Limited is set to acquire Benet Automotive S.R.O. from Jet Investment. Benet Automotive S.R.O. is a leading automotive composite and component supplier in the Czech Republic. Headquartered in Mlada Boleslav, the Czech Republic is a tier-one supplier of composite components to the automotive industry. It offers advanced technologies for carbon-fiber-reinforced plastic molding and glass-fiber-reinforced plastic molding. It also offers services regarding the painting and assembly of vehicles. 4 JUL 2019
Complete Report Details of Automotive Carbon Fiber Composites Market at: https://www.marketresearchfuture.com/reports/automotive-carbon-fiber-composites-market-3116
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