Automotive Carbon Fiber Composites Market: Trends, Opportunities and Competitive Analysis

Trends, opportunities and forecast in this market to 2021 by application type (exterior, power train system, under body system, chassis system, pressure vessel, interior, and others), material (SMC, LFT, SFT, prepreg layup, RTM, and other thermosets), region (North America, Europe, and APAC/ROW)

Publisher: Lucintel Published: March 2017
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Automotive Carbon Fiber Composites Market: Trends, Opportunities and Competitive Analysis

Report Feature

The future of global automotive composites carbon fiber market looks promising with opportunities in various applications, including exterior, power train system, under body system, chassis system, pressure vessel, interior, and others. Carbon fiber in the global automotive composites market is forecast to grow at a CAGR of 1

0.4% from 2016 to 2021. The major growth drivers for this market are increasing automotive production and growing demand for lightweight materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.  Other major growth drivers include the growing demand for carbon fiber-reinforced plastics (CFRP) in luxury cars, race cars and other high-performance cars. 
 

Emerging trends, which have a direct impact on the dynamics of the automotive composites carbon fiber industry, include development of transformative technologies and material systems to make carbon f

iber parts for mass-volume vehicles. 
 
A total of 130 figures / charts and 36 tables are provided in this 190-page report to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the automotive composites carbon fiber market report, download the report brochure. 
Automotive Carbon Fiber Composites  Industry Trend
Automotive Carbon Fiber Composites Industry Forecast
Growth Opportunities in Automotive Carbon Fiber Composites Industry
The study includes a forecast for global automotive composites carbon fiber market through 2022 segmented by application, material and region as follows:
 
Automotive composites carbon fiber market by Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021): 
  • Interior
  • Exterior
  • Under the body systems
  • Chassis System
  • Power train system 
  • Pressure Vessel
  • Others
Automotive composites carbon fiber market by Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021): 
  • Sheet Molding Compound (SMC) 
  • Short Fiber Thermoplastic (SFT) 
  • Long Fiber Thermoplastic (LFT) 
  • Prepreg 
  • Others
Automotive composites carbon fiber market by Region Type (Value ($M) and Volume (M lbs) from 2010 to 2021)
  • North American
  • Europe
  • Asia Pacific (APAC) and the Rest of the World (ROW)
Toray, Hexcel, Cytec Solvey Group, SGL, DOWAKSA, Hyosung Corporation, Formosa Plastic Corp, and Composite Holding Company are among the major suppliers of carbon fiber in the global automotive composites market. 
 
Based on Lucintel’s comprehensive research, exterior is expected to remain the largest market, and chassis system is expected to show the highest growth rate during the forecast period from 2016 to 2021.  
 
Within carbon fiber market for automotive, sheet molding compound (SMC), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), and prepreg, are the major materials to manufacture automotive components. LFT is expected to remain the largest market by value and volume, mainly driven by applications where high strength-to-weight ratios and high resistance to chemicals, heat and corrosion have prime importance. 
 
Europe is expected to remain the largest market due to growing demand for lightweight, environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for the use of carbon fiber in the automotive industry.

Some of the features of this report:

 
  • Market size estimates: Global automotive composites carbon fiber market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
  • Trend and forecast analysis: Global automotive composites carbon fiber market trend (2010-2015) and forecast (2016-2021) by segments and region.
  • Segmentation analysis: Automotive composites carbon fiber market market size by various applications such as application, and material in terms of value and volume shipment.
  • Growth opportunities: Analysis on growth opportunities in different applications.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of carbon fiber in the global automotive composites suppliers in the global automotive composites market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary 6. Company Profiles of Leading Players

List of Figures

Figure 3.1: Carbon Fiber in the Global Automotive Composites Market ($M) Distribution by Application in 2015 Figure 3.2: Carbon Fiber in the Global Automotive Composites Market ($M) by Application in 2015 Figure 3.3: Carbon Fiber in the Global Automotive Composites Market (Million Pounds) Distribution by Application in 2015 Figure 3.4: Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Application in 2015 Figure 3.5: Carbon Fiber in the Global Automotive Composites Market ($M) Distribution by Material in 2015 Figure 3.6: Carbon Fiber in the Global Automotive Composites Market ($M) by Material in 2015 Figure 3.7: Carbon Fiber in the Global Automotive Composites Market (Million Pounds) Distribution by Material in 2015 Figure 3.8: Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Material in 2015 Figure 3.9: Carbon Fiber in the Global Automotive Composites Market ($ Million) by Region in 2015 Figure 3.10: Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Region in 2015 Figure 3.11: Trends of the Global GDP Growth Rate Figure 3.12: Trends of the Regional GDP Growth Rate at Constant Price Figure 3.13: Trends of the Global Population Growth Rate Figure 3.14: Trends of the Regional Population Growth Rate Figure 3.15: Trends of the Global Light Vehicle Production Growth Rate Figure 3.16: Trends of the Regional Unemployment Rate (2010 to 2015) Figure 3.17: Trends of the Regional Automotive Production Growth Rate Figure 3.18: Trends of Carbon Fiber in the Global Automotive Composites Market from 2010 to 2015 Figure 3.19: Trends of Carbon Fiber in the Global Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.20: CAGR of Carbon Fiber in the Global Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.21: Trends of Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.22: CAGR of Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.23: Trends of Carbon Fiber in the Global Automotive Composites Market ($M) by Material from 2010 to 2015 Figure 3.24: CAGR of Carbon Fiber in the Global Automotive Composites Market ($M) by Material from 2010 to 2015 Figure 3.25: Trends of Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.26: CAGR of Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.27: Trends of Carbon Fiber in the North American Automotive Composites Market from 2010 to 2015 Figure 3.28: Trends of Carbon Fiber in the North American Automotive Composites Market ($M) by Application from 2010 to 2015 (Source: Lucintel) Figure 3.29: CAGR of Carbon Fiber in the North American Automotive Composites Market ($M) by Application from 2010 to 2015 Figure 3.30: Trends of Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.31: CAGR of Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.32: Trends of Carbon Fiber in the North American Automotive Composites ($M) by Material from 2010 to 2015 Figure 3.33: CAGR of Carbon Fiber in the North American Automotive Composites Market ($M) by Material from 2010 to 2015 Figure 3.32: Trends of Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.33: CAGR of Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Material from 2010 to 2015. Figure 3.34: Trends of carbon Fiber in the European Automotive Composites Market from 2010 to 2015 Figure 3.35: Trends of Carbon Fiber in the European Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.36: CAGR of Carbon Fiber in the European Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.37: Trends of Carbon Fiber in the European Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.38: CAGR of Carbon Fiber in the European Automotive Composites (Million Pounds) by Application from 2010 to 2015 Figure 3.39: Trends of Carbon Fiber in the European Automotive Composites ($ Million) by Material from 2010 to 2015 Figure 3.40: CAGR of Carbon Fiber in the European Automotive Composites Market ($M) by Material from 2010 to 2015 Figure 3.41: Trends of Carbon Fiber in the European Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.42: CAGR of Carbon Fiber in the European Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.43: Trends of Carbon Fiber in the APAC/ROW Automotive Composites Market from 2010 to 2015 Figure 3.44: Trends of Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.45: CAGR of Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Application from 2010 to 2015 Figure 3.46: Trends of Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Application from 2010 to 2015 Figure 3.47: CAGR of Carbon Fiber in the APAC/ROW Automotive Composites (Million Pounds) by Application from 2010 to 2015 Figure 3.48: Trends of Carbon Fiber in the APAC/ROW Automotive Composites ($M) by Material from 2010 to 2015 Figure 3.49: CAGR of Carbon Fiber in the APAC/ROW Automotive Composites Market ($M) by Material from 2010 to 2015 Figure 3.50: Trends of Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.51: CAGR of Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Material from 2010 to 2015 Figure 3.52: Forecast for the Global GDP Growth Rate Figure 3.53: Forecast for the Regional GDP Growth Rate Figure 3.54: Forecast for the Global Population Growth Rate Figure 3.55: Forecast for the Regional Population Growth Rate Figure 3.56: Forecast for the Regional Unemployment Rate from 2016 to 2021 Figure 3.57: Forecast for the Global Light Vehicle Production Growth Rate Figure 3.58: Forecast for Carbon Fiber in the Global Automotive Composites Market from 2016 to 2021 Figure 3.59: Forecast for Carbon Fiber in the Global Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.60: CAGR Forecast for Carbon Fiber in the Global Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.61: Forecast for Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.62: CAGR Forecast for Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.63: Forecast for Carbon Fiber in the Global Automotive Composites Market ($M) by Material from 2016 to 2021 Figure 3.64: CAGR Forecast for Carbon Fiber in the Global Automotive Composites Market ($M) by Material from 2016 to 2021 Figure 3.65: Forecast for Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Material from 2016 to 2021 Figure 3.66: CAGR Forecast of Carbon Fiber in the Global Automotive Composites Market (Million Pounds) by Material from 2016 to 2021 Figure 3.67: Forecast for Carbon Fiber in the North American Automotive Composites Market from 2016 to 2021 Figure 3.68: Forecast for Carbon Fiber in the North American Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.69: CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.70: Forecast for Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.71: CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.72: Forecast for Carbon Fiber in the North American Automotive Composites Market ($ Million) by Material from 2016 to 2021 Figure 3.73: CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market ($ Million) by Material from 2016 to 2021 Figure 3.74: Forecast for Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Material from 2016 to 2021 Figure 3.75: CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market (Million Pounds) by Material from 2016 to 2021 Figure 3.76: Forecast for Carbon Fiber in the European Automotive Composites Market from 2016 to 2021 Figure 3.77: Forecast for Carbon Fiber in the European Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.78: CAGR Forecast for Carbon Fiber in the European Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.79: Forecast for Carbon Fiber in the European Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.80: CAGR Forecast for Carbon Fiber in the European Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.81: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market from 2016 to 2021 Figure 3.82: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.83: CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Application from 2016 to 2021 Figure 3.84: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.85: CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Application from 2016 to 2021 Figure 3.86: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Material from 2016 to 2021 Figure 3.87: CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market ($ Million) by Material from 2016 to 2021 Figure 3.88: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Material from 2016 to 2021 Figure 3.89: CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market (Million Pounds) by Material from 2016 to 2021

List of Tables

Table 3.1: Carbon Fiber in the Global Automotive Composites Market Shipments (2010- 2015) Table 3.2: Market Size and CAGR of Carbon Fiber in the Global Automotive Composites Market by Application in Terms of Value and Volume Shipments (2010-2015) Table 3.3: Market Size and CAGR of Carbon Fiber in the Global Automotive Composites Market by Material in Terms of Value and Volume Shipments (2010-2015) Table 3.4: Carbon Fiber in the North American Automotive Composites Market Shipments (2010 – 2015) Table 3.5: Market Size and CAGR of the Carbon Fiber in the North American Automotive Composites Market by Application in Terms of Value and Volume Shipments (2010-2015) Table 3.6: Market Size and CAGR of the Carbon Fiber in the North American Automotive Composites Market by Material in Terms of Value and Volume Shipments (2010-2015) Table 3.7: Trends of Carbon Fiber in the European Automotive Composites Market (2010 -2015) Table 3.8: Market Size and CAGR of Carbon Fiber in the European Automotive Composites Market by Application in Terms of Value and Volume Shipments (2010-2015) Table 3.9: Trends of Carbon Fiber in the APAC/ROW Automotive Composites Market (2010 -2015) Table 3.10: Market Size and CAGR of Carbon Fiber in the APAC/ROW Automotive Composites Market by Application in Terms of Value and Volume Shipments (2010-2015) Table 3.11: Market Size and CAGR of the Carbon Fiber in the APAC/ROW Automotive Composites Market by Material in Terms of Value and Volume Shipments (2010-2015) Table 3.12: Forecast for Carbon Fiber in the Global Automotive Composites Market Shipments (2016- 2021) Table 3.13: Average Growth Rates for One, Three, and Five Years of Carbon Fiber in the Global Automotive Composites Market in Terms of $M Shipment Table 3.14: Market Size and CAGR Forecast for Carbon Fiber in the Global Automotive Composites Market by Application in Terms of Value and Volume Shipments (2016-2021) Table 3.15: Market Size and CAGR Forecast for Carbon Fiber in the Global Automotive Composites Market by Material in Terms of Value and Volume Shipments (2016 to 2021) Table 3.16: Forecast for Carbon Fiber in the North American Automotive Composites Market Shipments (2016- 2021) Table 3.17: Market Size and CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market by Application in Terms of Value and Volume Shipments (2016 to 2021) Table 3.18: Market Size and CAGR Forecast for Carbon Fiber in the North American Automotive Composites Market by Material in Terms of Value and Volume Shipments (2016 to 2021) Table 3.19: Forecast for Carbon Fiber in the European Automotive Composites Market Shipments (2016-2021) Table 3.20: Market Size and CAGR Forecast for Carbon Fiber in the European Composites Market by Application in Terms of Value and Volume Shipments (2016 to 2021) Table 3.21: Market Size and CAGR Forecast for Carbon Fiber in the European Automotive Composites Market by Material in Terms of Value and Volume Shipments (2016 to 2021) Table 3.22: Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market Shipments (2016- 2021) Table 3.23: Market Size and CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market by Application in Terms of Value and Volume Shipments (2016 to 2021) Table 3.24: Market Size and CAGR Forecast for Carbon Fiber in the APAC/ROW Automotive Composites Market by Material in Terms of Value and Volume Shipments (2016 to 2021)

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • What are some of the most promising, high-growth segments in the market by application type (exterior, power train system, under body system, chassis system, pressure vessel, interior, and others), material (SMC, LFT, SFT, prepreg layup, RTM, and other thermosets, region (North America, Europe, and APAC/ROW)?
  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the automotive composites carbon fiber market?
  • What are the business risks and competitive threats in this market?
  • What are the emerging trends in this market and the reasons behind them?
  • What are some of the changing demands of customers in the automotive composites carbon fiber market?
  • What are the new developments in the market? Whichautomotive composites carbon fiber companies are leading these developments?
  • Who are the major automotive composites carbon fiber suppliers? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M & A activity has occurred in the last 5 years and what is its impact on the industry?
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