Lucintel’s latest market report analyzed that carbon fiber in the global automotive provides attractive opportunities in the exterior, interior, chassis, powertrain, and under body system market. The carbon fiber in the global automotive market is expected to grow at a CAGR of 3.2%. In this market, a textile is the largest segment by material, whereas exterior is largest by application. The development of hybrid, low cost, and recyclable carbon fiber for automotive market provides strategic growth path in this market.
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Based on material, the carbon fiber in the global automotive market is segmented into textile, SMC, LFT, SFT, prepreg, and other. The textile segment accounted for the largest share of the market in 2020 due to increasing demand in automotive exterior applications.
Browse in-depth TOC on “Carbon Fiber in the Global Automotive Market”
184 – Tables
103 – Figures
254 – Pages
The carbon fiber in the global automotive market is marked by the presence of several big and small players. Some of the prominent players offering carbon fiber in the global automotive include SGL, Toray, Mitsubishi Rayon, Toho Tenax, Formosa Plastic, Hexcel, Cytec, DOWAKSA, Hyosung Corporation, and Composite Holding.
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