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Global Automotive Carbon Fiber Composites Parts Market Growth Prospects, Future Industry Landscape 2032 | Plasan Carbon Composites, Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites (MCFC)
Automotive Carbon Fiber Composites Parts Global Market Report
The Business Research Company's Automotive Carbon Fiber Composites Parts Global Market Report 2023 identifies the Surging demand for electric vehicles is significantly contributing to the automotive carbon fiber composites parts market going forward. Electric vehicles refer to vehicles that have an electric motor capable of drawing power from a battery and having the ability to receive external charging. Parts made from carbon fiber composites are used in electric vehicles to reduce weight and in turn, minimize the vehicle's energy consumption.
The global automotive carbon fiber composites parts market size is expected to grow from $17.10 billion in 2022 to $20.08 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive carbon fiber composites parts market size is expected to reach $36.24 billion in 2027 at a CAGR of 15.9%.
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Major players in the automotive carbon fiber composites parts market are Plasan Carbon Composites, Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites (MCFC), SGL Carbon, Composite Resources, Hexcel Corporation, Teijin Limited, Bucci Composites, CBS Composites, Cobra Advanced Composites, TOPKEY Excellence In Composites, Action Composite Technology Limited, Zhongfu Shenying Carbon Fiber Xining Co. Ltd., HengruiGroup, Martec Composite, and Gigantex Corporation.
A key trend in the Automotive Carbon Fiber Composites Parts market includes the Product innovation is the key trend gaining popularity in the automotive carbon fiber composites parts market. Major companies operating in the automotive carbon fiber composites parts market are focusing on developing composite materials that offer advantageous properties for automobiles.
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The Automotive Carbon Fiber Composites Parts market is segmented -
1) By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
2) By Resin: Thermoplastic, Thermoset
3) By Application: Original Equipment Manufacturer (OEM), Aftermarket
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Automotive Carbon Fiber Composites Parts market.
The Business Research Company's "Global Automotive Carbon Fiber Composites Parts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Carbon Fiber Composites Parts Market Include:
1. Executive Summary
2. Automotive Carbon Fiber Composites Parts Market Characteristics
3. Automotive Carbon Fiber Composites Parts Market Trends And Strategies
4. Automotive Carbon Fiber Composites Parts Market - Macro Economic Scenario
5. Automotive Carbon Fiber Composites Parts Market Size And Growth
……
27. Automotive Carbon Fiber Composites Parts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Carbon Fiber Composites Parts Market
29. Automotive Carbon Fiber Composites Parts Market Future Outlook and Potential Analysis
30. Appendix
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