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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