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Automotive Carbon Thermoplastic Market worth $958.80 million by 2030, growing at a CAGR of 9.24% - Exclusive Report by 360iResearch
Automotive Carbon Thermoplastic Market | 360iResearch
The Global Automotive Carbon Thermoplastic Market to grow from USD 516.34 million in 2023 to USD 958.80 million by 2030, at a CAGR of 9.24%.
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Automotive carbon thermoplastics, also known as carbon fiber-reinforced thermoplastics (CFRTP), are advanced materials characterized by their lightweight, superior strength, and durability. They are increasingly used in the automotive industry to decrease vehicle weight and enhance fuel efficiency without compromising performance or safety. Integrating carbon thermoplastics aligns with the automotive industry's shift towards sustainable materials and practices. The primary applications of automotive carbon thermoplastics are found in manufacturing interior, exterior, and structural components of vehicles. Major end-use segments include the production of chassis, powertrain systems, wheels, and body panels. A growing demand for lightweight automotive components and advanced composites may offer cost or performance advantages in certain applications. Rising emphasis on eco-friendly manufacturing practices and materials enhances carbon thermoplastics' performance and reduces cost. Price volatility associated with the production of automotive carbon thermoplastic and certain environmental effects related to automotive carbon thermoplastic are hampering market growth. Increasing the introduction of novel automotive carbon thermoplastics with improved properties represents significant growth opportunities. Moreover, growing potential with an expanding focus on electric vehicles is creating opportunities in the automotive carbon thermoplastic market.
The Asia-Pacific region, spearheaded by China, Japan, and India, is a rapidly growing market for automotive carbon thermoplastics owing to the increasing demand for lightweight and fuel-efficient vehicles. Consumers in this region are highly cost-sensitive, yet there is a growing awareness and preference for environmentally friendly vehicles. This dichotomy has spurred manufacturers to invest in innovative materials such as carbon thermoplastics that balance cost with performance and sustainability. In the Americas, specifically the United States and Canada, stringent regulations on vehicle emissions have driven the demand for automotive carbon thermoplastics. The consumer purchasing behavior in this region shows a strong inclination towards vehicles that offer fuel efficiency and reduced carbon footprint without compromising performance. This has necessitated significant investment in research and development of advanced materials. Within the European Union, stringent environmental regulations and high consumer demand for greener transportation solutions have pressured automotive OEMs to innovate. This has led to a surge in investment for research into lightweight materials, including carbon thermoplastics, and a steady stream of new patents, primarily from Germany, France, and Italy, countries with a strong automotive manufacturing pedigree. As for the Middle East and Africa, while the market is still nascent, there is significant potential for growth due to the increasing automobile sales and a budding recognition of the benefits of weight reduction in vehicles for both performance and environmental reasons.
Market Segmentation & Coverage:
This research report categorizes the Automotive Carbon Thermoplastic Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Resin Type, market is studied across Polyamide (PA), Polycarbonate (PC), Polyetherimide (PEI), Polyphenylene Sulfide (PPS), and Polypropylene (PP). The Polyetherimide (PEI) is projected to witness significant market share during forecast period.
Based on Raw Material, market is studied across PAN-based Carbon Fibers and PITCH-based Carbon Fibers. The PITCH-based Carbon Fibers is projected to witness significant market share during forecast period.
Based on Application, market is studied across Exterior, Interior, and Powertrain & UTH. The Powertrain & UTH is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.01% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Carbon Thermoplastic Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Carbon Thermoplastic Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Carbon Thermoplastic Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., Asahi Kasei Corporation, Avient Corporation, BASF SE, Celanese Corporation, CHIMURA SANGYO Co., Ltd., CompLam Material Co., Ltd., CQFD Composites, CTech-LLC, Ensinger Inc., Exxon Mobil Corp., Hexagon AB, Jiangsu Aimi Tech Co., Limited, Kingfa Sci. & Tech. Co. Ltd., LANXESS AG, MaruHachi Group, Mitsubishi Chemical Corporation, Okutani Ltd., RLZ Motorsports, Saudi Arabian Oil Co., SGL Carbon SE, Solvay SA, Sumika Polymer Compounds (Europe) Ltd, Teijin Limited, and TORAY INDUSTRIES, INC..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Carbon Thermoplastic Market, by Resin Type
7. Automotive Carbon Thermoplastic Market, by Raw Material
8. Automotive Carbon Thermoplastic Market, by Application
9. Americas Automotive Carbon Thermoplastic Market
10. Asia-Pacific Automotive Carbon Thermoplastic Market
11. Europe, Middle East & Africa Automotive Carbon Thermoplastic Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Carbon Thermoplastic Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Carbon Thermoplastic Market?
3. What is the competitive strategic window for opportunities in the Automotive Carbon Thermoplastic Market?
4. What are the technology trends and regulatory frameworks in the Automotive Carbon Thermoplastic Market?
5. What is the market share of the leading vendors in the Automotive Carbon Thermoplastic Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Carbon Thermoplastic Market?
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