The Automotive Carbon Fiber Composites Parts Global Market Report 2023, provides comprehensive information on the automotive carbon fiber composites parts market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Automotive Carbon Fiber Composites Parts Market’s Growth:
As per The Business Research Company’s Automotive Carbon Fiber Composites Parts Global Market Report 2023, the global automotive carbon fiber composites parts market size is expected to grow from $17.10 billion in 2022 to $20.08 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive carbon fiber composites parts market size is expected to reach $36.24 billion in 2027 at a CAGR of 15.9%.
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Product innovation is the key trend gaining popularity in the automotive carbon fiber composites parts market. Major companies operating in the automotive carbon fiber composites parts market are focusing on developing composite materials that offer advantageous properties for automobiles. For instance, in May 2022, Solvay, a Belgium-based chemical company, launched SolvaLite 714 Prepregs. It is a new generation of unidirectional carbon fibre and woven fabric goods that have already been pre-impregnated with epoxy resin SolvaLite 714. These cutting-edge prepregs have been specially designed for manufacturing automobile components, such as body panels, at quick compression-molding cycle durations in serial production runs. They also have quick cure cycles and long outlives.
The automotive carbon fiber composites parts market is segmented:
1) By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
2) By Resin: Thermoplastic, Thermoset
3) By Application: Original Equipment Manufacturer (OEM), Aftermarket
Europe was the largest region in the automotive carbon fiber composites parts market in 2022.
The table of contents in TBRC’s automotive carbon fiber composites parts market report includes:
- Executive Summary
- Automotive Carbon Fiber Composites Parts Market Characteristics
- Automotive Carbon Fiber Composites Parts Market Trends And Strategies
- Automotive Carbon Fiber Composites Parts Market – Macro Economic Scenario
- Automotive Carbon Fiber Composites Parts Market Size And Growth
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- Africa Automotive Carbon Fiber Composites Parts Market
- Automotive Carbon Fiber Composites Parts Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Automotive Carbon Fiber Composites Parts Market
- Automotive Carbon Fiber Composites Parts Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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