The report gives the clear picture of current scenario which includes historical and projected Carbon Fiber Market For Automotive size, Share, industry growth, trends in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
Report analyzes by Carbon Fiber Market For Automotive 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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Carbon Fiber Market For Automotive Infrastructure Key Players Studied In Report: 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).
Market Scenario:
A carbon fiber is composed of carbon atoms with about 5 to 10 micrometers in diameter. There are various advantages of using carbon fiber in automotive, which include high stiffness, high tensile strength, reduced weight, and tolerance at high temperature. These properties of carbon fiber have resulted in its increased use in the automotive industry. However they are more expensive than other materials. 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.
They are usually composed with other materials to form a composite. The composition with other materials increases the capability of the materials. Carbon fibers are about five times stronger than steel and other materials. This property encourages the automotive manufacturers to use carbon fiber in increasing the performance of the vehicle. 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. The wide spread use of carbon fiber is expected to drive the market in future.
The carbon fiber has various applications such as the exteriors, power train system, under body system, chassis system, and the interior. The increase in use of carbon fiber in automotive industry, is expected to drive the market in near future. 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.
Market Segmentation:
The carbon fiber in automotive market is segmented based on material type, application type, vehicle type, and region.
Based on 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.
Based on 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.
Regional Analysis:
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.
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.
Intended Audience:
- Carbon Fiber Market For Automotive manufacturers
- Carbon Fiber Market For Automotive Suppliers
- Research and Development (R&D) Companies
Major Table Of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumption
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Carbon Fiber Market For Automotive, By Charging Type
4.1 Introduction
4.2 AC Charging
4.3 DC Charging
5 Global Carbon Fiber Market For Automotive, By Connector
5.1 Introduction
5.2 CHAdeMO
5.3 Combined Charging System
5.4 Others
6 Global Carbon Fiber Market For Automotive, By Application
6.1 Introduction
6.2 Residential
6.3 Commercial
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