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Automotive Carbon Fiber Market 2019 Growth Opportunities, Global Industry Analysis To 2023 By Size, Share, And Trends
Automotive Carbon Fiber Market 2019 Global Industry Outlook To 2023 Report, explores comprehensive information on Global Automotive Carbon Fiber Market detailed overview from 2019 to 2023. Automotive Carbon Fiber Market is expected to grow at CAGR of around 10.55%. Global Automotive Carbon Fiber Market is segmented based on material type, application type, vehicle type, and region.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) are the Automotive Carbon Fiber Market key companies Analyzed in report.
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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 factors supporting the growth of carbon fiber in automotive, are increased safety in the vehicle, growing technology development, increase in the sales of vehicle, and rise in government regulations to meet fuel efficiency of the vehicle. The growing technology for light weight material is expected to drive the market in the future. The lightweight materials help increase the fuel efficiency and the performance of the vehicle. This increased performance will drive vehicle purchase, which will drive the market. There has been an increase in the government regulations to meet the fuel efficiency of the vehicle.
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
On the basis of region, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market in future due to the rise in production of passenger and commercial vehicles in emerging countries such as India, China, and Japan. Europe is expected to be the second largest market for carbon fiber due to an increase in demand for light weight vehicle body parts. The stringent government regulations in Europe for developing environmental sustainable composite materials, is expected to drive the carbon fiber market in future. North America, where automobile manufacturers will continue to see an increase in the sales of the passenger cars is expected to be the third largest market due to growing demand for vehicle production. The increase in demand of the new vehicles will enable the growth of the auto components suppliers. This increase in demand of passenger cars, will result in high demand for standard components in the vehicle. This will result in the growth of the market in future.
List Of Tables:
TABLE 9 EUROPE AUTOMOTIVE CARBON FIBER, BY DRIVE TYPE 2011-2027, (MILLION) 22
TABLE 10 EUROPE AUTOMOTIVE CARBON FIBER, BY DRIVE TYPE 2011-2027, (MILLION) 22
TABLE 11 MIDDLE EAST AUTOMOTIVE CARBON FIBER, BY DRIVE TYPE 2011-2027, (MILLION) 23
TABLE 12 AFRICA AUTOMOTIVE CARBON FIBER, BY DRIVE TYPE, 2011-2027, (MILLION) 23
TABLE 13 EUROPE AUTOMOTIVE CARBON FIBER 2011-2027, ($MILLION) 24
TABLE 14 EUROPE AUTOMOTIVE CARBON FIBER, BY COUNTRY 2011-2027, ($MILLION) 25
TABLE 15 GERMANY AUTOMOTIVE CARBON FIBER, BY VEHICLE TYPE 2011-2027, ($MILLION) 25
Continued…
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