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Global Automotive Carbon Fiber Market Size, Competitive Analysis, Share, Forecast- 2020-2026

12-21-2020 11:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orian Research

Global Automotive Carbon Fiber Market

Global Automotive Carbon Fiber Market

The global market for automotive carbon fiber is projected to have a considerable CAGR of over 8.5% during the forecast period. The market is mainly driven by the increasing application of carbon fiber materials in automotive components, growing g adoption of lightweight vehicles across the globe. Advanced materials are essential for boosting the fuel economy of modern automobiles while maintaining safety and performance. Lightweight composites are crucial to boost the fuel economy and maintain the set safety standards and performance of modern automobiles. To accelerate a lighter object, less energy is needed rather than acceleration of heavier one, therefore lightweight composite materials, such as carbon fiber, deliver a significant potential to increase the efficiency of vehicles. Further, the carbon fiber material is increasingly used in EVs (electric vehicles) that will further provide a significant opportunity to the market.

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The global automotive carbon fiber market is segmented based on raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Among these PAN segment is estimated to hold a significant share in the global automotive carbon fiber market. The low cost and high productivity of the PAN as a precursor for the production of carbon fiber is a key factor for the high share of the PAN in the raw material segment. Based on the fiber type, the market is further classified into virgin carbon fiber and recycled carbon fiber. Based on application the market is further segregated into the interior, exterior, structural assembly, and others.

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Market Segmentation

Global Automotive Carbon Fiber Market by Raw Material

Polyacrylonitrile (PAN)
Petroleum Pitch & Rayon
Global Automotive Carbon Fiber Market by Fiber Type

Virgin Carbon Fiber
Recycled Carbon fiber
Global Automotive Carbon Fiber Market by Application

Interior
Exterior
Structural Assembly
Others (Powertrain Components)
Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific

China
India
Japan
Rest of Asia-Pacific
Rest of the World

Company Profiles

Carbon Revolution Ltd.
DowAksa Advanced Composites Holdings BV
Formosa Plastics Corp.
Hexcel Corp.
Hyosung Corp.
Jiangsu Hengshen Co. Ltd.
Mitsubishi Chemical Holdings Corp.
Muhr Und Bender KG
Nippon Carbon Co. Ltd.
Polar Manufacturing Ltd.
RTP Co.
Solvay SA
SGL Carbon SE
Sigmatex Ltd.
Taekwang Industrial Co. Ltd.
Toray Industries, Inc.
Teijin Ltd.
UMATEX, ROSATOM State Corp.
Weihai Guangwei Composites Co., Ltd.
ZHONGFU SHENYING CARBON FIBER CO., LTD.
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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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