Automotive Carbon Thermoplastic Market by Resin Type, Raw Material, Application

Description

List of Tables

[184 Pages Report] The Automotive Carbon Thermoplastic Market size was estimated at USD 516.34 million in 2023 and expected to reach USD 562.25 million in 2024, at a CAGR 9.24% to reach USD 958.80 million by 2030.

Global Automotive Carbon Thermoplastic Market

KEY MARKET STATISTICS
Base Year [2023]	USD 516.34 million
Estimated Year [2024]	USD 562.25 million
Forecast Year [2030]	USD 958.80 million
CAGR (%)	9.24%

Automotive Carbon Thermoplastic Market - IMG1

Automotive carbon thermoplastics, also known as carbon fiber-reinforced thermoplastics (CFRTP), are advanced materials characterized by their lightweight, superior strength, and durability. They are increasingly used in the automotive industry to decrease vehicle weight and enhance fuel efficiency without compromising performance or safety. Integrating carbon thermoplastics aligns with the automotive industry's shift towards sustainable materials and practices. The primary applications of automotive carbon thermoplastics are found in manufacturing interior, exterior, and structural components of vehicles. Major end-use segments include the production of chassis, powertrain systems, wheels, and body panels. A growing demand for lightweight automotive components and advanced composites may offer cost or performance advantages in certain applications. Rising emphasis on eco-friendly manufacturing practices and materials enhances carbon thermoplastics' performance and reduces cost. Price volatility associated with the production of automotive carbon thermoplastic and certain environmental effects related to automotive carbon thermoplastic are hampering market growth. Increasing the introduction of novel automotive carbon thermoplastics with improved properties represents significant growth opportunities. Moreover, growing potential with an expanding focus on electric vehicles is creating opportunities in the automotive carbon thermoplastic market.

Regional Insights

The Asia-Pacific region, spearheaded by China, Japan, and India, is a rapidly growing market for automotive carbon thermoplastics owing to the increasing demand for lightweight and fuel-efficient vehicles. Consumers in this region are highly cost-sensitive, yet there is a growing awareness and preference for environmentally friendly vehicles. This dichotomy has spurred manufacturers to invest in innovative materials such as carbon thermoplastics that balance cost with performance and sustainability. In the Americas, specifically the United States and Canada, stringent regulations on vehicle emissions have driven the demand for automotive carbon thermoplastics. The consumer purchasing behavior in this region shows a strong inclination towards vehicles that offer fuel efficiency and reduced carbon footprint without compromising performance. This has necessitated significant investment in research and development of advanced materials. Within the European Union, stringent environmental regulations and high consumer demand for greener transportation solutions have pressured automotive OEMs to innovate. This has led to a surge in investment for research into lightweight materials, including carbon thermoplastics, and a steady stream of new patents, primarily from Germany, France, and Italy, countries with a strong automotive manufacturing pedigree. As for the Middle East and Africa, while the market is still nascent, there is significant potential for growth due to the increasing automobile sales and a budding recognition of the benefits of weight reduction in vehicles for both performance and environmental reasons.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Carbon Thermoplastic Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Carbon Thermoplastic Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Carbon Thermoplastic Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., Asahi Kasei Corporation, Avient Corporation, BASF SE, Celanese Corporation, CHIMURA SANGYO Co., Ltd., CompLam Material Co., Ltd., CQFD Composites, CTech-LLC, Ensinger Inc., Exxon Mobil Corp., Hexagon AB, Jiangsu Aimi Tech Co., Limited, Kingfa Sci. & Tech. Co. Ltd., LANXESS AG, MaruHachi Group, Mitsubishi Chemical Corporation, Okutani Ltd., RLZ Motorsports, Saudi Arabian Oil Co., SGL Carbon SE, Solvay SA, Sumika Polymer Compounds (Europe) Ltd, Teijin Limited, and TORAY INDUSTRIES, INC..

Market Segmentation & Coverage

This research report categorizes the Automotive Carbon Thermoplastic Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
- Polyamide (PA)
- Polycarbonate (PC)
- Polyetheretherketone (PEEK)
- Polyetherimide (PEI)
- Polyphenylene Sulfide (PPS)
- Polypropylene (PP)
Raw Material
- PAN-based Carbon Fibers
- PITCH-based Carbon Fibers
Application
- Exterior
- Interior
- Powertrain & UTH
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Carbon Thermoplastic Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Carbon Thermoplastic Market?

3. What are the technology trends and regulatory frameworks in the Automotive Carbon Thermoplastic Market?

4. What is the market share of the leading vendors in the Automotive Carbon Thermoplastic Market?

5. Which modes and strategic moves are suitable for entering the Automotive Carbon Thermoplastic Market?

Product Code: MRR-E83E208B080E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Automotive Carbon Thermoplastic Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for lightweight automotive components
  - 5.1.1.2. Rising emphasis on eco-friendly manufacturing practices and materials
- 5.1.2. Restraints
  - 5.1.2.1. Price volatility associated with the production of automotive carbon thermoplastics
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing introduction of novel automotive carbon thermoplastics with improved properties
  - 5.1.3.2. Growing potential with an expanding focus on electric vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Certain environmental effects associated with automotive carbon thermoplastic
5.2. Market Segmentation Analysis
- 5.2.1. Resin Type: Growing demand for polyetherimide (PEI) for addressing weight reduction challenges in automotive industry
- 5.2.2. Raw Material: Significant usage of PITCH-based carbon fibers to produce high-modulus fibers that meet the specific demands of the automotive industry
- 5.2.3. Application: Rising application of carbon thermoplastic in interior components prioritize passenger safety and high-quality finish
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Automotive Carbon Thermoplastic Market, by Resin Type

6.1. Introduction
6.2. Polyamide (PA)
6.3. Polycarbonate (PC)
6.4. Polyetheretherketone (PEEK)
6.5. Polyetherimide (PEI)
6.6. Polyphenylene Sulfide (PPS)
6.7. Polypropylene (PP)

7. Automotive Carbon Thermoplastic Market, by Raw Material

7.1. Introduction
7.2. PAN-based Carbon Fibers
7.3. PITCH-based Carbon Fibers

8. Automotive Carbon Thermoplastic Market, by Application

8.1. Introduction
8.2. Exterior
8.3. Interior
8.4. Powertrain & UTH

9. Americas Automotive Carbon Thermoplastic Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Carbon Thermoplastic Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Carbon Thermoplastic Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Asahi Kasei collaborates on continuous carbon fiber reclamation development
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. Avient Launches Automotive-Specific Grades within its reSound REC Recycled Content TPEs Portfolio
- 12.3.3. Investment & Funding
  - 12.3.3.1. Hypetex raises GBP 1.25 million equity investment for colored carbon fiber

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Arkema S.A.
- 13.1.2. Asahi Kasei Corporation
- 13.1.3. Avient Corporation
- 13.1.4. BASF SE
- 13.1.5. Celanese Corporation
- 13.1.6. CHIMURA SANGYO Co., Ltd.
- 13.1.7. CompLam Material Co., Ltd.
- 13.1.8. CQFD Composites
- 13.1.9. CTech-LLC
- 13.1.10. Ensinger Inc.
- 13.1.11. Exxon Mobil Corp.
- 13.1.12. Hexagon AB
- 13.1.13. Jiangsu Aimi Tech Co., Limited
- 13.1.14. Kingfa Sci. & Tech. Co. Ltd.
- 13.1.15. LANXESS AG
- 13.1.16. MaruHachi Group
- 13.1.17. Mitsubishi Chemical Corporation
- 13.1.18. Okutani Ltd.
- 13.1.19. RLZ Motorsports
- 13.1.20. Saudi Arabian Oil Co.
- 13.1.21. SGL Carbon SE
- 13.1.22. Solvay SA
- 13.1.23. Sumika Polymer Compounds (Europe) Ltd
- 13.1.24. Teijin Limited
- 13.1.25. TORAY INDUSTRIES, INC.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing