Segmentation, Major Trends, and Competitive Overview of the Automotive Carbon Fiber Composites Parts Market

The automotive carbon fiber composites parts market is set for impressive growth as the automotive industry increasingly adopts lightweight and high-performance materials. Rising demand for electric vehicles and stricter environmental regulations are driving advancements and innovations within this sector. Let's explore the market size, leading players, key trends, and segmentation shaping its future trajectory.

Market Size Forecast and Growth Factors in the Automotive Carbon Fiber Composites Parts Market
This market is projected to expand rapidly, reaching a value of $53.92 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.4%. Several factors contribute to this robust growth outlook, including the push to optimize electric vehicle range, stringent carbon emission policies, scaling up of advanced manufacturing processes, enhanced battery safety standards, and efforts to lower the cost of composite materials. Key trends supporting this growth include increased application of lightweight designs, broader use of carbon fiber composites in EV structural components, adoption of sophisticated resin technologies, expansion of battery housing uses, and a focus on improving structural strength.

Download a free sample of the automotive carbon fiber composites parts market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9504&type=smp

Top Players Steering the Automotive Carbon Fiber Composites Parts Market
The competitive landscape of this market features a range of prominent companies such as Plasan Carbon Composites Inc., Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites, SGL Carbon, Composite Resources Inc., Hexcel Corporation, Teijin Limited, and BUCCI COMPOSITES S.p.A. Additional key participants include CBS Composites, Cobra Advanced Composites Co. Ltd., TOPKEY Excellence In Composites, Action Composite Technology Limited, Zhongfu Shenying Carbon Fiber Xining Co. Ltd., Martec Spa, Gigante Technologies Pvt. Ltd., and Cytec Industries Incorporated. Also notable are 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, and DSM Composite Resins AG.

Strategic Acquisition Enhancing Market Position
In November 2023, RECARO Automotive North America Inc., a US-based leader in premium automotive seat manufacturing, completed the acquisition of C12 Technology for an undisclosed sum. This move is aimed at strengthening RECARO's position in the high-performance seating segment by leveraging C12 Technology's advanced capabilities in material innovation and production methods. C12 Technology specializes in software solutions tailored for the design and manufacturing of carbon fiber composite automotive parts, positioning RECARO to benefit from cutting-edge technological expertise.

View the full automotive carbon fiber composites parts market report:
https://www.thebusinessresearchcompany.com/report/automotive-carbon-fiber-composites-parts-global-market-report

Innovations Accelerating Growth in Automotive Carbon Fiber Composites
Leading players in the market are pushing the envelope by developing rapid integrated molding technologies to boost manufacturing efficiency and reduce component weight. This method simultaneously shapes, thermosets, molds, and bonds a carbon fiber-reinforced foam core with a prepreg skin within a single mold. The process aligns foam expansion with prepreg curing, enabling faster production cycles and eliminating the need for adhesive bonding. For example, in March 2023, Japan-based Toray Industries, Inc. introduced a rapid integrated molding process for carbon fiber reinforced polymer (CFRP) mobility parts. This innovation allowed the production of a large automotive roof panel measuring 1.2 meters by 1.2 meters with a thickness of 2.3 millimeters in just five minutes - a speed ten times faster than traditional autoclave methods. The panels demonstrated excellent mechanical properties, including strength, elastic modulus, and impact resistance, while weighing roughly half as much as comparable steel parts. Such advancements contribute significantly to lightweight vehicle design and help extend the driving range of electric vehicles by cutting down component weight.

Segmentation Breakdown of the Automotive Carbon Fiber Composites Parts Market
The market segmentation covered in this report includes the following classifications:
1) By Type: Brake Discs, Battery Housing, Mirror Housing, Chassis, Pillars, and Other Types
2) By Resin: Thermoplastic and Thermoset
3) By Application: Original Equipment Manufacturer (OEM) and Aftermarket

Further subcategories include:
- Brake Discs divided into Solid Brake Discs and Ventilated Brake Discs
- Battery Housing split into EV Battery Enclosures and Hybrid Battery Housing
- Mirror Housing categorized as Side Mirror Casings and Rearview Mirror Casings
- Chassis segmented into Structural Chassis Components and Lightweight Chassis Frames
- Pillars segmented into A-Pillars, B-Pillars, and C-Pillars
- Other Types consisting of Body Panels, Interior Components, and Structural Reinforcements

This detailed segmentation offers a comprehensive perspective on the diverse product types, material bases, and usage applications within the automotive carbon fiber composites parts market.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.