Carbon Fiber
in Automotive Market Overview to 2023:
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.
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.
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.
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
Top 10
Key Players:
ü
Toray
ü
Hexcel
ü
Cytec Solvey Group
ü
SGL
ü
DOWAKSA
ü
Hyosung Corporation
ü
Formosa Plastic Corp
ü
Holding Company "Composite"
ü
ZOLTEK
ü
Axon
ü
Plasan Carbon Composites
ü
3MB Co., Ltd.
ü
GURIT
ü
Rivers Carbon Technologies
ü
Sigmatex Ltd
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.
Get
Complete Research Report Here @ https://www.marketresearchfuture.com/reports/carbon-fiber-automotive-market-5390
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