Carbon Fiber in Automotive Market 2019 Global Industry Forecast To 2023. Global Carbon Fiber in Automotive Market Report Segments Carbon Fiber in Automotive Industry by Material Type (Sheet Molding Compound (SMC), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others), Application Type (Exterior, Power Train System, Under Body System, Chassis System, Interior, And Others), Vehicle Type (Passenger Car and Commercial Vehicle), and region.

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Global Carbon Fiber in Automotive Market Highlights:

The carbon fiber in automotive market is segmented based on material type, application type, vehicle type, and region. On the basis of material type, the market is segmented based on Sheet Molding Compound (SMC), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others. LFT is expected to dominate the carbon fiber in automotive market during the forecast period. It is used where there is prime requirement for higher strength, high resistance to chemicals, heat and corrosion. This property of LFT will increase the demand of this segment in future. On the basis of application type, the market has been segmented as exterior, power train system, under body system, chassis system, interior, and others. Exterior segment is expected to dominate the market in future due to increased demand for carbon fire in exterior components.

On the basis of region, the market has been segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the carbon fiber in automotive market in future due to the stringent government regulations for carbon dioxide. The reduction of carbon dioxide is directly related to the overall weight of the passenger and commercial vehicles. The reduction in the weight of the vehicle will result in low carbon dioxide, which will meet the government standard. Many manufacturers in Asia Pacific are developing vehicles with reduced weight so as to meet the stringent regulation. This increase in demand for low weight vehicles will result in the growing demand for carbon fiber in automotive. Europe is expected to be the second largest market due to the growing demand for light weight vehicles. In Europe, Germany is known for its outstanding automotive industry and engineering. The German cars are highly valued due to the innovation, reliability, safety, and design. In Europe, Germany is one of the leading countries for production and sales of vehicles. World class R&D infrastructure, and highly qualified workforce, have created incomparable automotive environment. This will boost the production of automotive vehicle, in future, which will result in increased use of carbon fiber in automotive. North America is expected to be the third largest market in carbon fiber due to factors such as low interest rate and low fuel price, which have allowed the market to grow during the forecast period.

The key players in carbon fiber in automotive market are Toray (Japan), Hexcel (U.S.), Cytec Solvey Group (U.S.), SGL (Germany), DOWAKSA (Turkey), Hyosung Corporation (South Korea), Formosa Plastic Corp (Taiwan), and Holding Company "Composite" (Russia), ZOLTEK (U.S.), Axon (U.K.), Plasan Carbon Composites (U.S.), 3MB Co., Ltd. (Thailand), GURIT (Switzerland), Rivers Carbon Technologies (New Zealand), and Sigmatex Ltd (England).

List Of Tables:

Table 1 Global Carbon Fiber in Automotive Market: By Region, 2018-2023

Table 2 North America Market: By Country, 2019-2023

Table 3 Europe Market: By Country, 2019-2023

Table 4 Asia Pacific Market: By Country, 2019-2023

Table 5 RoW Market: By Country, 2019-2023

Continued…

List Of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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