Composites have been gaining importance in a number of applications since the last decade. Carbon fiber materials, also known as graphite fiber, are very strong but lightweight material. These specialty materials are around 5X stronger than steel and are increasingly used in the automotive industry. Automotive carbon fiber materials are manufactured by the polyacrylonitrile (PAN), rayon or pitch-based processes.
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PAN-based automotive carbon fiber materials offers excellent strength and high stiffness. An Automotive Carbon Fiber materials can be used in a number of interior, exterior or under-the-hood automotive applications. Every gram of weight counts, lighter the automotive, better the automotive performance and fuel economy. Globally, automotive manufacturers have been spending millions of dollars on technological advancement and have been consistently focusing on high performance materials in the automotive manufacturing, which has led to a surge in demand for automotive carbon fiber materials.
Some of the key players in the Automotive Carbon Fiber materials market are:
Cytec Engineered Materials (Solvay SA)
Nippon Graphite Fiber Corporation
Mitsubishi Rayon Co. Ltd.
The U.S. has set a goal to reach an average fuel economy of 54.4 miles-per-gallon by 2025. This will drive automotive producers to seek Automotive Carbon Fiber materials that are not only light and strong but are also easy to fabricate. The trend of electric vehicles and hybrid cars is also on rise. Companies like Volvo aims for 50% of sales to be electric by 2025. These cars use more percentage of plastics as compared to their metal counter-parts. Government initiatives along with stringent regulations have led manufacturers develop electric vehicles, which will use the Automotive Carbon Fiber materials further driving the growth in the market.
Crucial insights in the Automotive Carbon Fiber Materials Market research:
Underlying macro- and microeconomic factors impacting the growth of the Automotive Carbon Fiber Materials Market.
Basic overview of the Automotive Carbon Fiber Materials, including market definition, classification, and applications.
Scrutinization of each Automotive Carbon Fiber Materials Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Automotive Carbon Fiber Materials across various industries.
Important regions and countries offering lucrative opportunities to Automotive Carbon Fiber Materials Market stakeholders.
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