Market Overview:

Carbon fiber is material that is composed of carbon atoms with diameter of about 5 to 10 micrometers. Carbon fiber offers many properties, which includes light weight, high strength-to-weight ratio, very high modulus elasticity-to-weight ratio, high strength, and corrosion resistance. There have been efforts to introduce carbon fiber in mass production for passenger cars, which include companies such as Ford, and General Motors. Some of the concept cars are also making extensive use of carbon fiber composites so as to make the vehicle light weight. In India, the National Aeronautical Laboratory (NAL) has developed technology for the production of carbon fiber.

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The wide spread use of carbon fiber is expected to drive the market in future. Carbon Fiber is five times stronger than metal, which is heavier in weight. The heavy weight of metal reduces the efficiency of vehicle makes it less likely for the car manufacturers to use it.  The light weight property of carbon fiber makes it easier to adopt in car manufacture. The  various applications of carbon fiber are vehicle exterior, power train system, under body system, chassis system, and interior. The increased use of carbon fiber in exterior components is expected to drive the market in near future.

Scope of the Report

This study provides an overview of the global carbon fiber in automotive market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carbon Fiber in Automotive market by its material type, application type, vehicle type, and region

By Material Type

Sheet Molding Compound (SMC)
Short Fiber Thermoplastic (SFT)
Long Fiber Thermoplastic (LFT)
Prepreg
Others
By Application Type

Exterior
Power Train System
Under Body System
Chassis System
Interior
Others
By Vehicle Type

Passenger Cars
Commercial Vehicles
By Region
North America
Europe
Asia Pacific
Rest of the World
The report for Carbon Fiber in Automotive Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Top 10 Key Players:

Formosa Plastic Corp
Holding Company "Composite"
ZOLTEK
Axon
Plasan Carbon Composites
3MB Co., Ltd.
Toray
Hexcel
Cytec Solvey Group
SGL
DOWAKSA
Hyosung Corporation
GURIT
Rivers Carbon Technologies
Sigmatex Ltd
Regional Analysis

North America accounted for the largest market share for carbon thermoplastic composites in 2016. The growth of the carbon thermoplastic composites market in this region is attributed to the growing demand from the aerospace and automotive industry due to the growing demand for fuel-efficient products to reduce the environmental issues. Growing marine industry is also driving the market growth as a result of increasing demand for lightweight products by the U.S. Federal Government. Increasing use of renewable energy due to fluctuating crude oil prices is propelling the market for CFRTP in this region.

Europe is another prominent market for the CFRTP due to increasing R&D in the aerospace & defense industry for expanding the scope of aerospace industry beyond LLC products. Targets set by the European Union to reduce the level of carbon emission by the vehicles is expected to boost the product demand in this region.

The Asia Pacific is witnessing a significant growth in the carbon thermoplastic composites due to the growing aerospace and automotive industry. For instance, according to the Indian Brand Equity Foundation, around 550 commercial aircraft in India are in operation as of now. Also, passenger vehicle production in India is expected to reach up to 10 million by 2020. Additionally, DowAksa has opened the DowAksa global composites center in turkey of manufacturing advanced fiber reinforced composites mainly for the defense & commercial aviation.

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