Market Overview:

Carbon fiber is obtained from strong and thin crystalline filaments of carbon; these are used to enhance the strength of material. Carbon fiber can be combined with polymers, ceramic, cement, and metal for different applications. Carbon-reinforced polymers are significantly used in the automotive industry to manufacture lightweight vehicles to reduce fuel consumption and emission. Carbon fiber is used in brakes of racing cars and luxury vehicles.

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According to MRFR analysis, the Global Carbon Fiber in Automotive Market is projected to reach over USD 1,194.97 million in 2025 at a CAGR of 6.72% during the forecast period. Properties of carbon fiber—such as lightweight, high-temperature resistance, high endurance to corrosion, and oxidation—fuel the demand for carbon fiber in automobile applications. The increasing focus on minimizing vehicle weight to improve the performance and efficiency of the vehicles has resulted in the replacement of heavy metals and other materials with suitable lightweight materials such as carbon fiber. The demand for lightweight materials is also supported by the stringent regulations for environmental protection by regulatory bodies such as the US Environmental Protection Agency, European Legislation, and Bharat Stage Emission Standards. These factors are expected to positively impact the growth of the global carbon fiber in automotive market during the forecast period.

Top 10 Key Players:

• Hyosung Corporation
• Formosa Plastic Corp
• Holding Company "Composite"
• ZOLTEK
• Axon
• Plasan Carbon Composites
• 3MB Co., Ltd.
• Toray
• Hexcel
• Cytec Solvey Group
• SGL
• DOWAKSA
• GURIT
• Rivers Carbon Technologies
• Sigmatex Ltd

Scope of the Report

This study provides an overview of the global Carbon Fiber In Automotive Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carbon Fiber in Automotive market by its material type, application type, vehicle type, and region

By Material Type

• Sheet Molding Compound (SMC)
• Short Fiber Thermoplastic (SFT)
• Long Fiber Thermoplastic (LFT)
• Prepreg
• Others

By Application Type

• Exterior
• Power Train System
• Under Body System
• Chassis System
• Interior
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

The report for Carbon Fiber in Automotive Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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