Carbon Fiber in Automotive Market Research Report - Global Forecast till 2027

Carbon Fiber in Automotive Market Research Report: By Type (Sheet Molding Compound (SMC), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Others), Application (Exterior, Power Train System, Under Body System, Chassis System, Interior And Others) and Region (Asia-Pacific, Latin America, North America, Europe and Middle East & Africa) - Global Forecast till 2027

ID: MRFR/CnM/3947-HCR | February 2021 | Region: Global | 140 pages

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.


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.


Regional Analysis


The Global Carbon Fiber in Automotive Market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


The Asia-Pacific market registered the largest market share in 2018 to positive automotive sales in countries such as China, India, and Japan. High investments from the public and private sectors in the manufacturing of electric vehicles are likely to propel the adoption of  carbon fiber during the forecast period. According to the International Energy Agency, in 2018, the global electric car fleet exceeded 5.1 million, up by 2 million from the previous year and sales of new electric car almost double. In North America, the US has the largest market for automobiles. High demand for second car in the region has negatively impacted the sale of new cars in the region. In addition, consumer attitude toward spending less on new car purchase has slowed the growth of the automotive industry in the region.


Europe is the largest automotive hub with the presence of a large number of automobile producers in the region; this positively influences the market growth—Germany is the leading country-level market. Stringent regulations implemented by (EPA) Environmental Protection Agency has increased the demand for lightweight and fuel-efficient vehicles, thus driving the carbon fiber in automotive industry market in the region during the assessment period.


The market in the Middle East & Africa is likely to grow at a sluggish rate during the forecast period. The Latin American market is expected to exhibit remarkable growth owing to the positive growth avenues in Brazil and Mexico.


Key Players


Some of the key players operating in the global Carbon Fiber in Automotive market are Hexcel Corporation (US), Mitsubishi Chemical Carbon Fiber and Composites Inc. (US), SGL Carbon SE (Germany), Cytec Solvey Group (US), Teijin Limited (Japan), DOWAKSA (US), Formosa Plastic Corp. (Taiwan), ZOLTEK (US), Sigmatex Ltd, and Toray Industries Inc. (Japan).


Segmentation Analysis


The global carbon fiber in the automotive market has been segmented based on type, application, and region.


Based on type, the global carbon fiber in the automotive market has been categorized as sheet molding compound (SMC), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), and others.


Based on the application, the global carbon fiber in the automotive market has been classified as exterior, power train system, under body system, chassis system, interior, and others.


By region, the global carbon fiber in the automotive market has been studied for five key regionsAsia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Target Audience



  • Carbon Fiber in Automotive manufacturers

  • Raw material suppliers

  • Distributors and suppliers of raw materials

  • Potential investors

  • Research institutes

  • Government bodies



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 1,194.97 Million
  CAGR   6.72%(2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hexcel Corporation (US), Mitsubishi Chemical Carbon Fiber and Composites Inc. (US), SGL Carbon SE (Germany), Cytec Solvey Group (US), Teijin Limited (Japan), DOWAKSA (US), Formosa Plastic Corp. (Taiwan), ZOLTEK (US), Sigmatex Ltd, and Toray Industries Inc. (Japan)
  Key Market Opportunities   Policies enforced by regulatory bodies to lower overall vehicle weight
  Key Market Drivers

  • It is used in the automotive industry to manufacture lightweight vehicles.
  • Carbon fiber is used in brakes of racing cars and luxury vehicles


  • Frequently Asked Questions (FAQ) :


    carbon fiber in automotive is expected to touch a value of USD 1,194.97 million by 2025.

    carbon fiber in automotive is expected to register a CAGR of 6.72% from 2019 to 2025.

    Policies enforced by regulatory bodies to lower overall vehicle weight is the major driver of the global carbon fiber in automotive market.

    The APAC region can register the largest market share in the global carbon fiber in carbon fiber in automotive market due to inflow of capital from foreign sources.

    Europe is predicted to dominate the global carbon fiber in automotive due to presence of various automotive hubs.

    ZOLTEK, Toray Industries Inc., Cytec Solvey Group, Formosa Plastic Corp., Sigmatex Ltd, Teijin Limited, DOWAKSA, Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, and SGL Carbon SE are major players of the global carbon fiber in automotive market.

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    2.4 Key Takeaways

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics of the Global Carbon Fiber in Automotive Market

    4.1 Introduction

    4.2 Drivers

    4.3 Restraints

    4.4 Opportunities

    4.5 Challenges

    4.6 Trends/Technology

    5 Market Factor Analysis of the Global Carbon Fiber in Automotive Market

    5.1 Supply Chain Analysis

    5.1.1 Raw Type Suppliers

    5.1.2 Manufacturers/Producers

    5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

    5.1.4 End User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat of New Entrants

    5.2.2 Bargaining Power of Buyers

    5.2.3 Bargaining Power of Suppliers

    5.2.4 Threat of Substitutes

    5.2.5 Intensity of Rivalry

    5.3 Pricing Analysis

    6. Global Carbon Fiber in Automotive Market, by Type

    6.1 Introduction

    6.2 Sheet Molding Compound (SMC)

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast, by Region, 2020-2027

    6.3 Short Fiber Thermoplastic (SFT)

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast, by Region, 2020-2027

    6.4 Long Fiber Thermoplastic (LFT)

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast, by Region, 2020-2027

    6.5 Others

    6.5.1 Market Estimates & Forecast, 2020-2027

    6.5.2 Market Estimates & Forecast, by Region, 2020-2027

    7. Global Carbon Fiber in Automotive Market, by Application

    7.1 Introduction

    7.2 Exterior

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast, by Region, 2020-2027

    7.3 Power Train System

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast, by Region, 2020-2027

    7.4 Under Body System

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast, by Region, 2020-2027

    7.5 Chassis System

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast, by Region, 2020-2027

    7.6 Interior

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast, by Region, 2020-2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020-2027

    7.7.2 Market Estimates & Forecast, by Region, 2020-2027

    8. Global Carbon Fiber in Automotive Market, by Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.3 Market Estimates & Forecast, by Application, 2020-2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, 2020-2027

    8.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.4.3 Market Estimates & Forecast, Application, 2020-2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, 2020-2027

    8.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, 2020-2027

    8.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, 2020-2027

    8.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.6 Italy

    8.3.6.1 Market Estimates & Forecast, 2020-2027

    8.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.7 Spain

    8.3.7.1 Market Estimates & Forecast, 2020-2027

    8.3.7.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.8 UK

    8.3.8.1 Market Estimates & Forecast, 2020-2027

    8.3.8.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.9 Russia

    8.3.9.1 Market Estimates & Forecast, 2020-2027

    8.3.9.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.10 Poland

    8.3.10.1 Market Estimates & Forecast, 2020-2027

    8.3.10.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.11 Rest of Europe

    8.3.11.1 Market Estimates & Forecast, 2020-2027

    8.3.11.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, 2020-2027

    8.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.5 India

    8.4.5.1 Market Estimates & Forecast, 2020-2027

    8.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020-2027

    8.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.7 Australia & New Zealand

    8.4.7.1 Market Estimates & Forecast, 2020-2027

    8.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.8 Rest of Asia-Pacific

    8.4.8.1 Market Estimates & Forecast, 2020-2027

    8.4.8.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5 Middle East & Africa

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.4 GCC

    8.5.4.1 Market Estimates & Forecast, 2020-2027

    8.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.5 Israel

    8.5.5.1 Market Estimates & Forecast, 2020-2027

    8.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.6 North Africa

    8.5.6.1 Market Estimates & Forecast, 2020-2027

    8.5.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.7 Turkey

    8.5.7.1 Market Estimates & Forecast, 2020-2027

    8.5.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.8 Rest of Middle East & Africa

    8.5.8.1 Market Estimates & Forecast, 2020-2027

    8.5.8.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6 Latin America

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.4 Brazil

    8.6.4.1 Market Estimates & Forecast, 2020-2027

    8.6.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.5 Argentina

    8.6.5.1 Market Estimates & Forecast, 2020-2027

    8.6.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.6 Mexico

    8.6.6.1 Market Estimates & Forecast, 2020-2027

    8.6.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.7 Rest of Latin America

    8.6.7.1 Market Estimates & Forecast, 2020-2027

    8.6.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

    11. Company Landscape

    11.1 Introduction

    11.2 Market Strategies

    11.3 Key Development Analysis (Expansion/Mergers & Acquisitions/Joint Venture/New Type Development/Agreement/Investment)

    12. Company Profiles

    12.1 Hexcel Corporation

    12.1.1 Company Overview

    12.1.2 Financial Updates

    12.1.3 Product/Business Segment Overview

    12.1.4 Key Strategies

    12.1.5 Key Developments

    12.1.6 SWOT Analysis

    12.2 Mitsubishi Chemical Carbon Fiber and Composites Inc.

    12.2.1 Company Overview

    12.2.2 Financial Updates

    12.2.3 Product/Business Segment Overview

    12.2.4 Key Strategies

    12.2.5 Key Developments

    12.2.6 SWOT Analysis

    12.3 SGL Carbon SE

    12.3.1 Company Overview

    12.3.2 Financial Updates

    12.3.3 Product/Business Segment Overview

    12.3.4 Key Strategies

    12.3.5 Key Developments

    12.3.6 SWOT Analysis

    12.4 Cytec Solvey Group

    12.4.1 Company Overview

    12.4.2 Financial Updates

    12.4.3 Product/Business Segment Overview

    12.4.4 Key Strategies

    12.4.5 Key Developments

    12.4.6 SWOT Analysis

    12.5 Teijin Limited

    12.5.1 Company Overview

    12.5.2 Financial Updates

    12.5.3 Product/Business Segment Overview

    12.5.4 Key Strategies

    12.5.5 Key Developments

    12.5.6 SWOT Analysis

    12.6 DOWAKSA

    12.6.1 Company Overview

    12.6.2 Financial Updates

    12.6.3 Product/Business Segment Overview

    12.6.4 Key Strategies

    12.6.5 Key Developments

    12.6.6 SWOT Analysis

    12.7 Formosa Plastic Corp.

    12.7.1 Company Overview

    12.7.2 Financial Updates

    12.7.3 Product/Business Segment Overview

    12.7.4 Key Strategies

    12.7.5 Key Developments

    12.7.6 SWOT Analysis

    12.8 ZOLTEK

    12.8.1 Company Overview

    12.8.2 Financial Updates

    12.8.3 Product/Business Segment Overview

    12.8.4 Key Strategies

    12.8.5 Key Developments

    12.8.6 SWOT Analysis

    12.9 Toray Industries Inc.

    12.9.1 Company Overview

    12.9.2 Financial Updates

    12.9.3 Product/Business Segment Overview

    12.9.4 Key Strategies

    12.9.5 Key Developments

    12.9.6 SWOT Analysis

    12.10 Sigmatex Ltd

    12.10.1 Company Overview

    12.10.2 Financial Updates

    12.10.3 Product/Business Segment Overview

    12.10.4 Key Strategies

    12.10.5 Key Developments

    12.10.6 SWOT Analysis

    13. Conclusion

    LIST OF TABLES

    Table 1 Global Carbon Fiber in Automotive Market: by Region, 2020-2027

    Table 2 North America: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table 3 Europe: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table 5 Middle East & Africa: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table 6 Latin America: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table 7 Global Carbon Fiber in Automotive Type Market, by Regions, 2020-2027

    Table 8 North America: Carbon Fiber in Automotive Type Market, by Country, 2020-2027

    Table 9 Europe: Carbon Fiber in Automotive Type Market, by Country, 2020-2027

    Table10 Asia-Pacific: Carbon Fiber in Automotive Type Market, by Country, 2020-2027

    Table11 Middle East & Africa: Carbon Fiber in Automotive Type Market, by Country, 2020-2027

    Table12 Latin America: Carbon Fiber in Automotive Type Market, by Country, 2020-2027

    Table13 Global Carbon Fiber in Automotive Application Market, by Regions, 2020-2027

    Table14 North America: Carbon Fiber in Automotive Application Market, by Country, 2020-2027

    Table15 Europe: Carbon Fiber in Automotive Application Market, by Country, 2020-2027

    Table16 Asia-Pacific: Carbon Fiber in Automotive Application Market, by Country, 2020-2027

    Table17 Middle East & Africa: Carbon Fiber in Automotive Application Market, by Country, 2020-2027

    Table18 Latin America: Carbon Fiber in Automotive by Application Market, by Country, 2016-2025

    Table19 Global Type Market, by Region, 2020-2027

    Table20 Global Application Market, by Region, 2020-2027

    Table21 North America: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table22 North America: Carbon Fiber in Automotive Market, by Type, 2020-2027

    Table23 North America: Carbon Fiber in Automotive Market, by Application, 2020-2027

    Table24 Europe: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table25 Europe: Carbon Fiber in Automotive Market, by Type, 2020-2027

    Table26 Europe: Carbon Fiber in Automotive Market, by Application, 2020-2027

    Table27 Asia-Pacific: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table28 Asia-Pacific: Carbon Fiber in Automotive Market, by Type, 2020-2027

    Table29 Asia-Pacific: Carbon Fiber in Automotive Market, by Application, 2020-2027

    Table30 Middle East & Africa: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table31 Middle East & Africa: Carbon Fiber in Automotive Market, by Type, 2020-2027

    Table32 Middle East & Africa: Carbon Fiber in Automotive Market, by Application, 2020-2027

    Table33 Latin America: Carbon Fiber in Automotive Market, by Country, 2020-2027

    Table34 Latin America: Carbon Fiber in Automotive Market, by Type, 2020-2027

    Table35 Latin America: Carbon Fiber in Automotive Market, by Application, 2020-2027

    LIST OF FIGURES

    FIGURE 1 Global Carbon Fiber in Automotive Market Segmentation

    FIGURE 2 Forecast Research Methodology

    FIGURE 3 Five Forces Analysis of the Global Carbon Fiber in Automotive Market

    FIGURE 4 Supply Chain of the Global Carbon Fiber in Automotive Market

    FIGURE 5 Global Carbon Fiber in Automotive Market, 2020-2027, by Country, 2020

    FIGURE 6 Share of the Global Carbon Fiber in Automotive Market, by Country, 2020-2027

    FIGURE 7 Global Carbon Fiber in Automotive Market Size, by Type, 2020

    FIGURE 8 Share of the Global Carbon Fiber in Automotive Market, by Type, 2020-2027

    FIGURE 9 Global Carbon Fiber in Automotive Market Size, by Application, 2020

    FIGURE10 Share of the Global Carbon Fiber in Automotive Market, by Application, 2020-2027