WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 28, 2024 /EINPresswire.com/ -- The global automotive carbon fiber market size was valued at $24.13 billion in 2022, and is projected to reach $ 64.05 billion by 2032, growing at a CAGR of 11.16% from 2023 to 2032.
The global automotive carbon fiber market has seen significant growth and change owing to surge in adoption of carbon fiber in automobiles, stringent government regulations on emission norms. However, the high cost of carbon fibers hampers the market growth. In addition, growth in sales of zero emission vehicles presents significant opportunities for market expansion.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A12796
The carbon fibers are widely used in the automobile sector for making automotive components. This is attributed to the fact that aluminum-based carbon fiber possesses high strength to weight ratio and helps in increasing efficiency of vehicles. Rise in production of lightweight vehicles across the globe fuels the demand for carbon fibers in the automotive sector. This is attributed to the fact that vehicles built using materials with low weight and high strength deliver higher mileage and enhance fuel efficiency.
The automotive carbon fiber market is segmented into material, vehicle type, application, sales channel and region. On the basis of material, the market is classified into Polyacrylonitrile (PAN) and Pitch. On the basis of vehicle type, it is categorized into two-wheelers, passenger vehicle and commercial vehicle. By application, the market is divided into structural assembly, powertrain component, interior and exterior. On the basis of sales channel, the market is segmented into OEM and aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In addition, the market is highly competitive, with several key players dominating the industry. Prominent manufacturers focus on innovation, product differentiation, and strategic partnerships to maintain their market positions. Market leaders include companies such as DowAksa Advanced Composite Material Industries Limited, Mitsubishi Chemical Corporation, Toray Industries, Inc., Nippon Graphite Fiber Co., Ltd., Hyosung Advanced Materials, Hexcel Corporation, Teijin Limited, Formosa Plastics Corporation, SGL Carbon, Solvay S.A, among others.
Automotive-grade carbon fiber has progressively replaced traditional materials, on account of their lightweight and high-strength attributes. The product is being increasingly adopted in the production of a variety of automotive components such as interior and extrerior trims, powertrain components and others. Thus, the rapid expansion of the automotive industry across the developing economies, such as China, India, is expected to significantly contribute toward the growth of the automotive carbon fiber market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-carbon-fiber-market/purchase-options
Technological advancements in PAN-based carbon fiber manufacturing processes, such as improvements in precursor materials, processing techniques, and automation, have contributed to increased production efficiency and reduced costs. Furthermore, the automotive industry actively seeks lightweight materials to improve fuel efficiency and reduce emissions. PAN-based carbon fiber offers a viable solution by replacing traditional materials such as steel and aluminium in automotive components. The trend toward electric vehicles further boosts the demand for lightweight, creating growth opportunities for this type of carbon fiber in the automotive sector.
On the basis of vehicle type, the automotive carbon fiber market is divided into two-wheeler, passenger vehicle and commercial vehicle. Two-wheeler segment will create lucrative growth opportunities as they are generally less costly when compared with other vehicle types and serve as an economical option. In addition, two-wheelers serve various riding purposes, which include daily commuting, off-road riding, long-distance travelling, cruising, and others.
๐๐ฎ๐ฌ๐ฌ๐ข๐-๐๐ค๐ซ๐๐ข๐ง๐ ๐๐๐ซ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Geopolitical tensions can create market uncertainties, which can impact investor confidence and business decisions. Companies may become cautious about investing in new projects or expanding their operations, which could slow down the growth of the automotive carbon fiber market.
Governments often respond to geopolitical events by implementing trade restrictions, tariffs, or sanctions. These measures can affect international trade and impose additional costs on imported or exported carbon fiber products. Changes in regulations or trade policies could create challenges for companies operating in the market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A12796
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By vehicle type, the two-wheelers segment is anticipated to exhibit significant growth in the automotive carbon fiber market in the near future.
By material, the polyacrylonitrile (PAN) segment is anticipated to exhibit significant growth in the market in the near future.
By sales channel, the OEM segment is anticipated to exhibit significant growth in the market in the near future.
By application, the structural assembly segment is anticipated to exhibit significant growth in the market in the near future.
By Region, Europe is anticipated to register the highest CAGR during the forecast period.
Key players covered in the automotive carbon fiber market report include DowAksa Advanced Composite Material Industries Limited, Mitsubishi Chemical Corporation, Toray Industries, Inc., Nippon Graphite Fiber Co., Ltd., Hyosung Advanced Materials, Hexcel Corporation, Teijin Limited, Formosa Plastics Corporation, SGL Carbon, Solvay S.A, among others.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
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https://www.alliedmarketresearch.com/brazil-automotive-tire-market-A07485
Europe Rail Glazing Market
https://www.alliedmarketresearch.com/europe-rail-glazing-market-A11460
Recreational Boating Market
https://www.alliedmarketresearch.com/recreational-boating-market
Automotive Diagnostics Market
https://www.alliedmarketresearch.com/automotive-diagnostics-market-A13069
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
The global automotive carbon fiber market has seen significant growth and change owing to surge in adoption of carbon fiber in automobiles, stringent government regulations on emission norms. However, the high cost of carbon fibers hampers the market growth. In addition, growth in sales of zero emission vehicles presents significant opportunities for market expansion.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A12796
The carbon fibers are widely used in the automobile sector for making automotive components. This is attributed to the fact that aluminum-based carbon fiber possesses high strength to weight ratio and helps in increasing efficiency of vehicles. Rise in production of lightweight vehicles across the globe fuels the demand for carbon fibers in the automotive sector. This is attributed to the fact that vehicles built using materials with low weight and high strength deliver higher mileage and enhance fuel efficiency.
The automotive carbon fiber market is segmented into material, vehicle type, application, sales channel and region. On the basis of material, the market is classified into Polyacrylonitrile (PAN) and Pitch. On the basis of vehicle type, it is categorized into two-wheelers, passenger vehicle and commercial vehicle. By application, the market is divided into structural assembly, powertrain component, interior and exterior. On the basis of sales channel, the market is segmented into OEM and aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In addition, the market is highly competitive, with several key players dominating the industry. Prominent manufacturers focus on innovation, product differentiation, and strategic partnerships to maintain their market positions. Market leaders include companies such as DowAksa Advanced Composite Material Industries Limited, Mitsubishi Chemical Corporation, Toray Industries, Inc., Nippon Graphite Fiber Co., Ltd., Hyosung Advanced Materials, Hexcel Corporation, Teijin Limited, Formosa Plastics Corporation, SGL Carbon, Solvay S.A, among others.
Automotive-grade carbon fiber has progressively replaced traditional materials, on account of their lightweight and high-strength attributes. The product is being increasingly adopted in the production of a variety of automotive components such as interior and extrerior trims, powertrain components and others. Thus, the rapid expansion of the automotive industry across the developing economies, such as China, India, is expected to significantly contribute toward the growth of the automotive carbon fiber market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-carbon-fiber-market/purchase-options
Technological advancements in PAN-based carbon fiber manufacturing processes, such as improvements in precursor materials, processing techniques, and automation, have contributed to increased production efficiency and reduced costs. Furthermore, the automotive industry actively seeks lightweight materials to improve fuel efficiency and reduce emissions. PAN-based carbon fiber offers a viable solution by replacing traditional materials such as steel and aluminium in automotive components. The trend toward electric vehicles further boosts the demand for lightweight, creating growth opportunities for this type of carbon fiber in the automotive sector.
On the basis of vehicle type, the automotive carbon fiber market is divided into two-wheeler, passenger vehicle and commercial vehicle. Two-wheeler segment will create lucrative growth opportunities as they are generally less costly when compared with other vehicle types and serve as an economical option. In addition, two-wheelers serve various riding purposes, which include daily commuting, off-road riding, long-distance travelling, cruising, and others.
๐๐ฎ๐ฌ๐ฌ๐ข๐-๐๐ค๐ซ๐๐ข๐ง๐ ๐๐๐ซ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Geopolitical tensions can create market uncertainties, which can impact investor confidence and business decisions. Companies may become cautious about investing in new projects or expanding their operations, which could slow down the growth of the automotive carbon fiber market.
Governments often respond to geopolitical events by implementing trade restrictions, tariffs, or sanctions. These measures can affect international trade and impose additional costs on imported or exported carbon fiber products. Changes in regulations or trade policies could create challenges for companies operating in the market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A12796
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By vehicle type, the two-wheelers segment is anticipated to exhibit significant growth in the automotive carbon fiber market in the near future.
By material, the polyacrylonitrile (PAN) segment is anticipated to exhibit significant growth in the market in the near future.
By sales channel, the OEM segment is anticipated to exhibit significant growth in the market in the near future.
By application, the structural assembly segment is anticipated to exhibit significant growth in the market in the near future.
By Region, Europe is anticipated to register the highest CAGR during the forecast period.
Key players covered in the automotive carbon fiber market report include DowAksa Advanced Composite Material Industries Limited, Mitsubishi Chemical Corporation, Toray Industries, Inc., Nippon Graphite Fiber Co., Ltd., Hyosung Advanced Materials, Hexcel Corporation, Teijin Limited, Formosa Plastics Corporation, SGL Carbon, Solvay S.A, among others.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Automotive Trim Market
https://www.alliedmarketresearch.com/automotive-trim-market-A06296
Brazil Automotive Tire Market
https://www.alliedmarketresearch.com/brazil-automotive-tire-market-A07485
Europe Rail Glazing Market
https://www.alliedmarketresearch.com/europe-rail-glazing-market-A11460
Recreational Boating Market
https://www.alliedmarketresearch.com/recreational-boating-market
Automotive Diagnostics Market
https://www.alliedmarketresearch.com/automotive-diagnostics-market-A13069
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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