Global Carbon Fiber Market For Automotive Growth is attributed to factors such as increased safety in the vehicle, growing technology development, increase in the sales of vehicle, and rise in government regulations to meet fuel efficiency of the vehicle. The growing technology for light weight material is expected to drive the market in the future.
Carbon Fiber Market For Automotive Key Companies Analyzed:
Toray (Japan), Hexcel (U.S.), Cytec Solvey Group (U.S.), SGL (Germany), DOWAKSA (Turkey), Hyosung Corporation (South Korea), Formosa Plastic Corp (Taiwan), and Holding Company “Composite” (Russia), ZOLTEK (U.S.), Axon (U.K.), Plasan Carbon Composites (U.S.), 3MB Co., Ltd. (Thailand), GURIT (Switzerland), Rivers Carbon Technologies (New Zealand), and Sigmatex Ltd (England).
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Global Carbon Fiber Market For Automotive Highlights:
Report analyzes Pressure Vessel Industry by Material Type (Sheet Molding Compound (SMC), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others), Application Type (Exterior, Power Train System, Under Body System, Chassis System, Interior, And Others), Vehicle Type (Passenger Car and Commercial Vehicle), and region.
Increase in vehicle sales is also expected to drive the carbon fiber in automotive market during the forecast period. The increase in sales of vehicle will result in growing demand of carbon fiber in the vehicle due to the light weight property. This increase demand will result in the growth of the market in future.
Report covers Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
Regional Analysis:
Geographically, the global Carbon Fiber Market For Automotive span across regions namely, Asia Pacific, Europe, North America, and the Rest-of-the-World.
Asia Pacific is expected to dominate the carbon fiber in automotive market in future due to the stringent government regulations for carbon dioxide. The reduction of carbon dioxide is directly related to the overall weight of the passenger and commercial vehicles. The reduction in the weight of the vehicle will result in low carbon dioxide, which will meet the government standard. Many manufacturers in Asia Pacific are developing vehicles with reduced weight so as to meet the stringent regulation. This increase in demand for low weight vehicles will result in the growing demand for carbon fiber in automotive.
Europe is expected to be the second largest market due to the growing demand for light weight vehicles. In Europe, Germany is known for its outstanding automotive industry and engineering. The German cars are highly valued due to the innovation, reliability, safety, and design. In Europe, Germany is one of the leading countries for production and sales of vehicles. World class R&D infrastructure, and highly qualified workforce, have created incomparable automotive environment. This will boost the production of automotive vehicle, in future, which will result in increased use of carbon fiber in automotive.
North America is expected to be the third largest market in carbon fiber due to factors such as low interest rate and low fuel price, which have allowed the market to grow during the forecast period.
Market Segments Analysis:
The carbon fiber in automotive market is segmented based on material type, application type, vehicle type, and region.
On the basis of material type, the market is segmented based on Sheet Molding Compound (SMC), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others. LFT is expected to dominate the carbon fiber in automotive market during the forecast period. It is used where there is prime requirement for higher strength, high resistance to chemicals, heat and corrosion. This property of LFT will increase the demand of this segment in future.
On the basis of application type, the market has been segmented as exterior, power train system, under body system, chassis system, interior, and others. Exterior segment is expected to dominate the market in future due to increased demand for carbon fire in exterior components.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
Table 1 Global Carbon Fiber Market For Automotive: By Region, 2017-2023
Table 2 North America Carbon Fiber Market For Automotive: By Country, 2017-2023
Table 3 Europe Carbon Fiber Market For Automotive: By Country, 2017-2023
Table 4 Asia Pacific Carbon Fiber Market For Automotive: By Country, 2017-2023
Table 5 RoW Carbon Fiber Market For Automotive: By Country, 2017-2023
Table 6 Global Carbon Fiber Market For Automotive, By Technology, By Regions, 2017-2023
Continued…
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL CARBON FIBER IN AUTOMOTIVE MARKET SHARE, BY MATERIAL TYPE, 2016 (%)
FIGURE 9 GLOBAL CARBON FIBER IN AUTOMOTIVE MARKET, BY MATERIAL TYPE, 2015-2023 (USD MILLION)
FIGURE 10 GLOBAL CARBON FIBER IN AUTOMOTIVE MARKET SHARE, BY APPLICATION TYPE, 2016 (%)
Continued…
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