Automotive Carbon Fiber Market By Material (Polyacrylonitrile , Pitch), By Vehicle Type, By Sales Channel, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

"The automotive carbon fiber market is expected to experience a significant growth rate of 11.16% from 2023-2032 due to the surge in adoption of carbon fiber in automobiles." - Allied Market Research.

Significant factors impacting the growth of the automotive carbon fiber market include adoption of carbon fiber in automobiles, stringent government regulations on emission norms. However, the high cost of carbon fibers hampers market growth. In addition, growth in sales of zero emission vehicles presents significant opportunities for market expansion.

Enhancing the fuel efficiency of automobiles along with maintaining safety and performance relies significantly on advanced materials. The potential for increased vehicle efficiency lies in the use of lightweight materials, as it requires less energy to accelerate a lighter object compared to a heavier one. A 10% decrease in vehicle weight has the potential to yield a 6%-8% improvement in fuel economy. Carbon fibers are lighter compared to steel and aluminium due which it is replacing the same for vehicle part production.

The market is experiencing growth driven by a rising need for vehicle stability on roads and a focus on enhancing the durability and performance of vehicles to ensure efficient fuel consumption across the regions. Additionally, strict pollution regulations in North America and Europe have compelled manufacturers to incorporate lightweight materials in the production process, thereby bolstering market growth.

Increase in global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in major cities have created a significant demand for electric vehicles. This involves the use of electric vehicles that do not use gas and are more economical than conventional vehicles. Carbon fibers are widely used to manufacture parts of the electric vehicles such as clutch plates, breaks, and other parts as it saves energy reduces emissions. An electric vehicle converts over 50% of the electrical energy from the grid to power at the wheels, whereas the gas-powered vehicle only manages to convert about 17%-21% of the energy stored in gasoline.

PAN-based carbon fiber materials are preferred for use in the automotive industry owing to their high strength, low heat expansion, moisture absorption, lightweight, specific strength, ease of use, and thermal conductivity. There is no significant growth in technology used to manufacture PAN precursors and carbon fibers, and thus there is high scope for improvement in process and product areas. This factor is expected to enhance the overall market demand for PAN-based carbon fiber market.

The demand for fuel-efficient vehicles has increased recently, owing to the rise in the price of petrol and diesel. This is due to depleting fossil fuel reserves and growth in tendency of companies to gain maximum profit from oil reserves. Thus, these factors give rise to the need for advanced fuel-efficient technologies, leading to a surge in demand for carbon fiber for vehicle parts production.

The automotive carbon fiber market is segmented into material, vehicle type, application, sales channel and region. On the basis of material, the market is classified into Polyacrylonitrile (PAN) and Pitch. On the basis of vehicle type, it is categorized into two-wheelers, passenger vehicle and commercial vehicle. By application, the market is divided into structural assembly, powertrain component, interior and exterior. On the basis of sales channel, the market is segmented into OEM and aftermarket. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players covered in the report include: DowAksa Advanced Composite Material Industries Limited, Mitsubishi Chemical Corporation, Toray Industries, Inc., Nippon Graphite Fiber Co., Ltd., Hyosung Advanced Materials, Hexcel Corporation, Teijin Limited, Formosa Plastics Corporation, SGL Carbon, Solvay S.A.

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Technology Trend Analysis
Brands Share Analysis
SWOT Analysis

Key Market Segments

By Sales Channel

OEM
Aftermarket

By Application

Structural Assembly
Powertrain Components
Interior and Exterior

By Material

Polyacrylonitrile (PAN)
Pitch

By Vehicle Type

Two-Wheeler
Passenger Vehicle
Commercial Vehicle

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Rest Of The Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle-East
- Africa

Key Market Players:

TORAY INDUSTRIES, INC.
Hexcel Corporation
Solvay S.A.
Mitsubishi Chemical Corporation
TEIJIN LIMITED.
Nippon Graphite Fiber Co., Ltd.
DowAksa Advanced Composites Holdings BV
HYOSUNG ADVANCED MATERIALS
SGL Carbon
Formosa Plastics Corporation

Product Code: A12796

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Surge in adoption of carbon fiber in automobiles
  - 3.4.1.2. Stringent government regulations on emission norms
- 3.4.2. Restraints
  - 3.4.2.1. High cost of carbon fibres along with non-biodegradability
- 3.4.3. Opportunities
  - 3.4.3.1. Growth in sales of zero emission vehicle
  - 3.4.3.2. Demand for lightweight material in vehicle production

CHAPTER 4: AUTOMOTIVE CARBON FIBER MARKET, BY MATERIAL

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Polyacrylonitrile (PAN)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Pitch
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: AUTOMOTIVE CARBON FIBER MARKET, BY VEHICLE TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Two-Wheeler
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Passenger Vehicle
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Commercial Vehicle
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: AUTOMOTIVE CARBON FIBER MARKET, BY SALES CHANNEL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. OEM
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Aftermarket
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: AUTOMOTIVE CARBON FIBER MARKET, BY APPLICATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Structural Assembly
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Powertrain Components
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Interior and Exterior
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country

CHAPTER 8: AUTOMOTIVE CARBON FIBER MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Material
- 8.2.3. Market size and forecast, by Vehicle Type
- 8.2.4. Market size and forecast, by Sales Channel
- 8.2.5. Market size and forecast, by Application
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Material
  - 8.2.6.1.2. Market size and forecast, by Vehicle Type
  - 8.2.6.1.3. Market size and forecast, by Sales Channel
  - 8.2.6.1.4. Market size and forecast, by Application
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Material
  - 8.2.6.2.2. Market size and forecast, by Vehicle Type
  - 8.2.6.2.3. Market size and forecast, by Sales Channel
  - 8.2.6.2.4. Market size and forecast, by Application
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Market size and forecast, by Material
  - 8.2.6.3.2. Market size and forecast, by Vehicle Type
  - 8.2.6.3.3. Market size and forecast, by Sales Channel
  - 8.2.6.3.4. Market size and forecast, by Application
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Material
- 8.3.3. Market size and forecast, by Vehicle Type
- 8.3.4. Market size and forecast, by Sales Channel
- 8.3.5. Market size and forecast, by Application
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. Germany
  - 8.3.6.1.1. Market size and forecast, by Material
  - 8.3.6.1.2. Market size and forecast, by Vehicle Type
  - 8.3.6.1.3. Market size and forecast, by Sales Channel
  - 8.3.6.1.4. Market size and forecast, by Application
  - 8.3.6.2. UK
  - 8.3.6.2.1. Market size and forecast, by Material
  - 8.3.6.2.2. Market size and forecast, by Vehicle Type
  - 8.3.6.2.3. Market size and forecast, by Sales Channel
  - 8.3.6.2.4. Market size and forecast, by Application
  - 8.3.6.3. France
  - 8.3.6.3.1. Market size and forecast, by Material
  - 8.3.6.3.2. Market size and forecast, by Vehicle Type
  - 8.3.6.3.3. Market size and forecast, by Sales Channel
  - 8.3.6.3.4. Market size and forecast, by Application
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Market size and forecast, by Material
  - 8.3.6.4.2. Market size and forecast, by Vehicle Type
  - 8.3.6.4.3. Market size and forecast, by Sales Channel
  - 8.3.6.4.4. Market size and forecast, by Application
  - 8.3.6.5. Rest Of The Europe
  - 8.3.6.5.1. Market size and forecast, by Material
  - 8.3.6.5.2. Market size and forecast, by Vehicle Type
  - 8.3.6.5.3. Market size and forecast, by Sales Channel
  - 8.3.6.5.4. Market size and forecast, by Application
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Material
- 8.4.3. Market size and forecast, by Vehicle Type
- 8.4.4. Market size and forecast, by Sales Channel
- 8.4.5. Market size and forecast, by Application
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Material
  - 8.4.6.1.2. Market size and forecast, by Vehicle Type
  - 8.4.6.1.3. Market size and forecast, by Sales Channel
  - 8.4.6.1.4. Market size and forecast, by Application
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Market size and forecast, by Material
  - 8.4.6.2.2. Market size and forecast, by Vehicle Type
  - 8.4.6.2.3. Market size and forecast, by Sales Channel
  - 8.4.6.2.4. Market size and forecast, by Application
  - 8.4.6.3. India
  - 8.4.6.3.1. Market size and forecast, by Material
  - 8.4.6.3.2. Market size and forecast, by Vehicle Type
  - 8.4.6.3.3. Market size and forecast, by Sales Channel
  - 8.4.6.3.4. Market size and forecast, by Application
  - 8.4.6.4. South Korea
  - 8.4.6.4.1. Market size and forecast, by Material
  - 8.4.6.4.2. Market size and forecast, by Vehicle Type
  - 8.4.6.4.3. Market size and forecast, by Sales Channel
  - 8.4.6.4.4. Market size and forecast, by Application
  - 8.4.6.5. Rest of Asia-Pacific
  - 8.4.6.5.1. Market size and forecast, by Material
  - 8.4.6.5.2. Market size and forecast, by Vehicle Type
  - 8.4.6.5.3. Market size and forecast, by Sales Channel
  - 8.4.6.5.4. Market size and forecast, by Application
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Material
- 8.5.3. Market size and forecast, by Vehicle Type
- 8.5.4. Market size and forecast, by Sales Channel
- 8.5.5. Market size and forecast, by Application
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Market size and forecast, by Material
  - 8.5.6.1.2. Market size and forecast, by Vehicle Type
  - 8.5.6.1.3. Market size and forecast, by Sales Channel
  - 8.5.6.1.4. Market size and forecast, by Application
  - 8.5.6.2. Middle-East
  - 8.5.6.2.1. Market size and forecast, by Material
  - 8.5.6.2.2. Market size and forecast, by Vehicle Type
  - 8.5.6.2.3. Market size and forecast, by Sales Channel
  - 8.5.6.2.4. Market size and forecast, by Application
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Market size and forecast, by Material
  - 8.5.6.3.2. Market size and forecast, by Vehicle Type
  - 8.5.6.3.3. Market size and forecast, by Sales Channel
  - 8.5.6.3.4. Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Mitsubishi Chemical Corporation
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. TORAY INDUSTRIES, INC.
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
10.3. Hexcel Corporation
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
10.4. SGL Carbon
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
10.5. TEIJIN LIMITED.
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
10.6. DowAksa Advanced Composites Holdings BV
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
10.7. Formosa Plastics Corporation
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
10.8. HYOSUNG ADVANCED MATERIALS
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
10.9. Nippon Graphite Fiber Co., Ltd.
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
10.10. Solvay S.A.
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance