Press release
Future of the Automotive Carbon Fiber Composites Parts Market: Trends, Innovations, and Key Forecasts Through 2034
Automotive Carbon Fiber Composites Parts Market Size
Automotive Carbon Fiber Composites Parts Market Size Growth Forecast: What to Expect by 2025?
In recent years, we have witnessed a swift expansion in the market size of automotive carbon fiber composites parts. It is projected to escalate from $22.96 billion in 2024 to $26.7 billion in 2025, with a compound annual growth rate (CAGR) of 16.3%. The substantial growth experienced in the historical period can be ascribed to factors such as weight reduction in vehicles, increased demand for electric vehicles, sports and luxury vehicles, stricter emission standards, as well as racing and motorsports.
How Will the Automotive Carbon Fiber Composites Parts Market Size Evolve and Grow by 2029?
In the coming years, the automotive carbon fiber composites parts market is predicted to experience swift expansion. It is projected to climb to $48.38 billion by 2029, with a compound annual growth rate (CAGR) of 16.0%. The projected growth for this period can be traced back to factors such as electric and hybrid vehicle adoption, stricter fuel efficiency standards, extensive use in structural components, mass production, economies of scale, and the demand for advanced driver assistance systems (ADAS). The forecast period will witness key trends such as increased adoption in electric vehicles (EVs), advancements in manufacturing processes, integration into structural components, alliances and partnerships, cost-saving initiatives, and emphasis on recycling and sustainability.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-carbon-fiber-composites-parts-global-market-report
What Drivers Are Propelling the Growth of Automotive Carbon Fiber Composites Parts Market Forward?
The heightened interest in electric vehicles is playing a significant role in boosting the automotive carbon fiber composites parts market. The term 'electric vehicles' encompasses all vehicles that function on an electric motor, sourcing power from a battery with the feature to receive external charging. Carbon fiber composites parts, which reduce vehicle weight and thereby decrease energy consumption, are extensively used in electric vehicles. For example, the U.S. Energy Information Administration, a government agency based in the US, reported in November 2023 that the proportion of new light-duty vehicle sales attributed to battery-electric vehicles (BEVs) had reached 17.7% in the third quarter of 2023. The total new vehicle sales, in which BEVs had a 16.0% share, showed an increase from 12.5% in 2022 and 9.0% in 2021. Consequently, this growing desire for electric vehicles is set to fuel the automotive carbon fiber composite parts market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9504&type=smp
Which Emerging Trends Are Transforming the Automotive Carbon Fiber Composites Parts Market in 2025?
The focus of key players in the automotive carbon fiber composites parts market is shifting towards product innovation. These major market players are honing in on the development of composite materials with beneficial properties for vehicles. A specific example of this was in May 2022 when Solvay, a chemical company based in Belgium, unveiled SolvaLite 714 Prepregs. This state-of-the-art product is a new generation of pre-impregnated unidirectional carbon fiber and woven fabric goods with SolvaLite 714 epoxy resin. These advanced prepregs are specially designed for the creation of car parts, like body panels, through fast compression-molding cycles in mass production stages. In addition, they possess rapid cure cycles and longevity.
What Are the Key Segments in the Automotive Carbon Fiber Composites Parts Market?
The automotive carbon fiber composites parts market covered in this report 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), After market
Subsegments:
1) By Brake Discs: Solid Brake Discs, Ventilated Brake Discs
2) By Brake Pads: Semi-Metallic Brake Pads, Organic Brake Pads, Ceramic Brake Pads
3) By Battery Housing: EV Battery Enclosures, Hybrid Battery Housing
4) By Mirror Housing: Side Mirror Casings, Rearview Mirror Casings
5) By Chassis: Structural Chassis Components, Lightweight Chassis Frames
6) By Pillars: A-Pillars, B-Pillars, C-Pillars
7) By Other Types: Body Panels, Interior Components, Structural Reinforcements
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9504&type=smp
Who Are the Key Players Shaping the Automotive Carbon Fiber Composites Parts Market's Competitive Landscape?
Major companies operating in the automotive carbon fiber composites parts market include Plasan Carbon Composites Inc., Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites, SGL Carbon, Composite Resources Inc., Hexcel Corporation, Teijin Limited, BUCCI COMPOSITES S.p.A., CBS Composites, Cobra Advanced Composites Co. Ltd., TOPKEY Excellence In Composites, Action Composite Technology Limited, Zhongfu Shenying Carbon Fiber Xining Co. Ltd., Jiangsu Hengrui Pharmaceuticals Co. Ltd., Martec Spa, Gigante Technologies Pvt. Ltd., Cytec Industries Incorporated, ACP Composites Inc., Clearwater Composites LLC, Owens Corning, HITCO Carbon Composites Inc., Polar Manufacturing Limited, Rock West Composites Inc., Zoltek Companies Inc., Gurit Holding AG, Solvay S.A., Continental Structural Plastics Inc., Magna International Inc., Toho Tenax Co. Ltd., Formtech Composite Limited, Quantum Composites Inc., PlastiComp Inc., TenCate Advanced Composites, Fiberforge Corporation, Albany Engineered Composites Inc., BASF SE, DSM Composite Resins AG
What Geographic Markets Are Powering Growth in the Automotive Carbon Fiber Composites Parts Market?
Europe was the largest region in the automotive carbon fiber composites parts market in 2024. The regions covered in the automotive carbon fiber composites parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9504
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future of the Automotive Carbon Fiber Composites Parts Market: Trends, Innovations, and Key Forecasts Through 2034 here
News-ID: 4088779 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Composite
Composite Rebar Market
The "Composite Rebar Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Composite Rebar Market, 2024-2031
Verified Market Research's most recent report, "Composite Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Construction Composite Market: Building for the Future with Advanced Composite M …
Coherent Market Insights added the statistic report, titled "Construction Composite Market Recent Trends, In-depth Analysis, Size and Forecast 2023-2030". The Construction Composite report includes an overview of the competitive landscape, geographic segmentation, innovation, and future developments, as well as a collection of tables and data. An examination of the competitive landscape reveals information about each vendor, including company profile, total revenue (financials), market potential, global presence, revenue, market share, pricing,…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix…
Global Composite Springs Market 2018-2025 MW Industries, Liteflex LLC, IFC Compo …
Market study on Global Composite Springs Market 2018 Research Report presents a professional and complete analysis of Global Composite Springs Market on the current market situation.
Report provides a general overview of the Composite Springs industry 2018 including definitions, classifications, Composite Springs market analysis, a wide range of applications and Composite Springs industry chain structure. The 2018's report on Composite Springs industry offers the global Composite Springs development history,…
