The prospect of carbon fiber composites in the global Carbon Fiber Composites in Automotive market looks promising with ample of opportunities in the years to come. Upon this, Market Research Future has published a recent report on global Carbon Fiber Composites in Automotive market stating that it is predicted to grow profoundly at a CAGR of 10.6% till the year 2023.
Emerging trends of development of hybrid cars, recyclable carbon fiber have directly impacted in the global automotive industry. The analysts of Market Research Future forecasts that the global Carbon Fiber Composites in Automotive are expected to remain the largest market by value owing to the increasing demand for automotive applications.
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The major player operating in the market of global automotive carbon fibre composites are Cytec Industries (U.S.), SGL Carbon SE (Germany), Toray Industries, Inc. (Japan), ACP Composites, Inc (U.S.), Clearwater Composites, LLC (U.S.), Owens Corning (U.S.), HITCO Carbon Composites Inc (U.S.), Mitsubishi Rayon Carbon Fibber and Composites, Inc. (U.S.), Polar Manufacturing Limited (U.K.) and Rock West Composites (U.S.).
Global Carbon Fiber Composites in Automotive Drivers & Trends
In recent times, the global market for automotive carbon fiber is reported with a considerable upswing when it comes to size and valuation. This is happening due to the continual expansion in the automotive industry around the world. With the rising demand for automobiles, the global market of Carbon Fiber Composites in Automotive is likely to remain robust by registering a high rise over the years to come.
Spotting towards more crucial factors, it is stated that growing demand for carbon fiber-reinforced plastics in leisure cars, race cars, and other high-performance cars is also pushing the market towards growth. The current trend shows that the development of technologies and physical systems to make carbon fiber parts for mass-volume vehicles have a direct impact on the dynamics of the automotive composites carbon fiber industry.
Global Carbon Fiber Composites in Automotive Segmentation
In the reports of MRFR, the global Carbon Fiber Composites in Automotive market has been segmented as product type, application type, and region.
By the mode of product type, the market has been segmented as hand layup, resin transfer molding, vacuum infusion processing, injection molding, compression molding.
By the mode of application, the market includes structural assembly, power train components, interior, exterior, and others.
Regional Analysis: Global Carbon Fiber Composites in Automotive Market
Region wise, Asia Pacific is accounted to be the fastest and largest growing market for Carbon Fiber Composites in Automotive due to countries such as China and India. They are onto the growth path due to the existence of lightweight vehicles as well as enhanced fuel efficiency. With the increased production capacity in terms of volume and new facilities and innovative technological advancements, these are driving the market of Carbon Fiber Composites in Automotive on positive notes over Asia Pacific region and is expected to capture over 45% revenue share through 2023.
On the other hand, Europe region will also grow at a higher CAGR in concern with Carbon Fiber Composites in Automotive market owing to extensive use of composites. There have been stringent regulations regarding carbon emissions from vehicles and due to that increasing R&D investment along with established automobile industry is noticed and will further propel the regional growth over the forecast timeframe.
Complete Report Details of Carbon Fiber Composites in Automotive Market at: https://www.marketresearchfuture.com/reports/automotive-carbon-fiber-composites-market-3116
LIST OF TABLES
TABLE 1 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY PRODUCTION TYPE
TABLE 2 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY APPLICATION
TABLE 3 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY REGIONS
TABLE 4 NORTH AMERICA CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY PRODUCTION TYPE
TABLE 5 NORTH AMERICA CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY APPLICATION
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET: BY PRODUCTION TYPE
FIGURE 3 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET: BY APPLICATION
FIGURE 4 GLOBAL CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET: BY REGION
FIGURE 5 NORTH AMERICA CARBON FIBER COMPOSITES IN AUTOMOTIVE MARKET, BY PRODUCTION TYPE
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