123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Opportunities For Carbon Fiber In The Global Automotive Market Is Expected To Grow At A Cagr Of 7.9%

By Author: Lucintel
Total Articles: 48

According to a new market report published by Lucintel, the future of carbon fiber in the global automotive market looks promising with opportunities in the exterior, interior, chassis, powertrain, and under body system market. Carbon fiber in the global automotive market is expected to grow at a CAGR of 7.9% from 2018 to 2023. The major growth drivers for this market are increasing automotive production and growing demand for lightweight material due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.
Carbon fiber is used as roving as well as in form of intermediate materials such as textile, prepreg, and compounds (LFT, SMC, and SFT). Lucintel forecasts that the carbon fiber textile is expected to remain the largest market by value and volume due to increasing demand in automotive exterior applications.
Within this market, exterior will remain the largest application by value and volume due to increasing usage of carbon fiber in hood, fender, panel, roof, front end module, and wind shield. Lucintel predicts that the demand for carbon fiber in chassis application is expected to experience the highest growth in the forecast period.
Europe is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing production of luxury and sports car. 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 reduce the vehicle weight.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of hybrid, low cost, and recyclable carbon fiber for automotive market. SGL, Toray, Mitsubishi Rayon, Toho Tenax, Formosa Plastic, Hexcel, Cytec, DOWAKSA, Hyosung Corporation, and Composite Holding are among the leading suppliers of carbon fiber in the global automotive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of carbon fiber in the global automotive market by application, by material, and by region, and has come up with a comprehensive research report “Growth Opportunities of Carbon Fiber in Global Automotive Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.

The study includes market trends and forecasts for carbon fiber in the global automotive market segmented by application, material, and region as follows:
By Application (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
• Exterior
• Chassis system
• Interior
• Pressure vessel
• Power train system
• Under body system
• Others
By Material (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
• Textile
• Long Fiber Thermoplastic (LFT)
• Sheet Molding Compound (SMC)
• Short Fiber Thermoplastic (SFT)
• Prepreg
• Other
By Region (Volume (M lbs) and $M shipment analysis for 2012 to 2023):
• North America
• Europe
• Asia Pacific (APAC)/ Rest of the World (ROW)
This 254 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:
Q.1.What are some of the most promising, high-growth of carbon fiber in the global automotive composites market by application (exterior, power train system, under body system, chassis system, pressure vessel, interior and others), by material (SMC, LFT, SFT, Prepreg and RTM and Other thermoset, regional (North America, Europe APAC/ROW), and region (North America, Europe, APAC/ROW) and why?
Q.2.Which application segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are emerging trends in this market and reasons behind them?
Q.7.What are some changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10.What are some of the competitive products in this market and how great of a threat do they pose for loss of market share through product substitution?
Q.11.What M & A activities have transpired in the last 5 years in this market and how have they affected the industry?

Total Views: 276Word Count: 775See All articles From Author

Business Articles

1. 3 High-end Cheap 250cc Dirt Bikes For Sale You Can Consider Any Time

2. Why Choose Printed Greaseproof Paper
Author: Todd Peovski

3. Checkout For The Best And Affordable Repairing Service For Htc One M8 In Uk
Author: HTC Repairer

4. Improve Cash Flow By Outsourcing Billing In Optometry
Author: Steve Martin

5. Guide To Choose Best Combined Bearings Manufacturer
Author: psforkliftparts

6. Fulfill The Industrial Needs By Using Best Bearing
Author: psforkliftparts

7. Dimitris Cosvogiannis | Dimitris Kosvogiannis’s Professional Awards And Recognition
Author: Dimitris Cosvogiannis

8. Get All Kind Of Repairing & Replacement Services For Htc One M8 At Reliable Price In Uk
Author: HTC Repairer

9. Buy Industrial Applications From The Manufacturers At A Cheaper Price
Author: needlerollerbearing

10. Why Needle Bearing Becomes Necessary In Industry
Author: needlerollerbearing

11. Wastewater Treatment Nz Is Something That We Need To Consider First While Talking About Protecting T
Author: Rabin Ryan

12. Employee Eligibility For Promotion And Ongoing Departmental Enquiry
Author: Lahiri Associates

13. Get Htc 10 Screen Replacement And All Type Of Related Issues At Affordable Price In Uk
Author: HTC Repairer

14. Ostomy Bag Market 2018 Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Anal
Author: jeffry Hoffman

15. Ultra-fine Ath Market 2018 Overview, Industry Top Manufactures, Industry Size & Forecast 2023
Author: jeffry Hoffman

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: