LONDON, March 30, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by application type (exterior, power train system, under body system, chassis system, pressure vessel, interior, and others), material (SMC, LFT, SFT, prepreg layup, RTM, and other thermosets) region (North America, Europe, and APAC/ROW)
The future of global automotive composites carbon fiber market looks promising with opportunities in various applications, including exterior, power train system, under body system, chassis system, pressure vessel, interior, and others. Carbon fiber in the global automotive composites market is forecast to grow at a CAGR of 10.4% from 2016 to 2021.
The major growth drivers for this market are increasing automotive production and growing demand for lightweight materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions. Other major growth drivers include the growing demand for carbon fiber-reinforced plastics (CFRP) in luxury cars, race cars and other high-performance cars.
Emerging trends, which have a direct impact on the dynamics of the automotive composites carbon fiber industry, include development of transformative technologies and material systems to make carbon fiber parts for mass-volume vehicles
The study includes a forecast for global automotive composites carbon fiber market through 2022 segmented by application, material and region as follows:
Automotive composites carbon fiber market by Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Under the body systems
- Chassis System
- Power train system
- Pressure Vessel
Automotive composites carbon fiber market by Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Sheet Molding Compound (SMC)
- Short Fiber Thermoplastic (SFT)
- Long Fiber Thermoplastic (LFT)
Automotive composites carbon fiber market by Region Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- North American
- Asia Pacific (APAC) and the Rest of the World (ROW)
Toray, Hexcel, Cytec Solvey Group, SGL, DOWAKSA, Hyosung Corporation, Formosa Plastic Corp, and Composite Holding Company are among the major suppliers of carbon fiber in the global automotive composites market.
Based on Lucintel's comprehensive research, exterior is expected to remain the largest market, and chassis system is expected to show the highest growth rate during the forecast period from 2016 to 2021.
Within carbon fiber market for automotive, sheet molding compound (SMC), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), and prepreg, are the major materials to manufacture automotive components. LFT is expected to remain the largest market by value and volume, mainly driven by applications where high strength-to-weight ratios and high resistance to chemicals, heat and corrosion have prime importance.
Europe is expected to remain the largest market due to growing demand for lightweight, environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFE Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate lightweight materials to curb the overall vehicle weight, and this is the key driver for the use of carbon fiber in the automotive industry.
Some of the features of "Growth Opportunities for Carbon Fiber in the Global Automotive Composites Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global automotive composites carbon fiber market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
- Trend and forecast analysis: Global automotive composites carbon fiber market trend (2010-2015) and forecast (2016-2021) by segments and region.
- Segmentation analysis: Automotive composites carbon fiber market market size by various applications such as application, and material in terms of value and volume shipment.
- Growth opportunities: Analysis on growth opportunities in different applications.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of carbon fiber in the global automotive composites suppliers in the global automotive composites market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
Q.1.What are some of the most promising, high-growth segments in the market by application type (exterior, power train system, under body system, chassis system, pressure vessel, interior, and others), material (SMC, LFT, SFT, prepreg layup, RTM, and other thermosets, region (North America, Europe, and APAC/ROW)?
Q.2.Which 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, challenges, and business risks in the automotive composites carbon fiber market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the automotive composites carbon fiber market?
Q.8.What are the new developments in the market? Whichautomotive composites carbon fiber companies are leading these developments?
Q.9.Who are the major automotive composites carbon fiber suppliers? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11.What M & A activity has occurred in the last 5 years and what is its impact on the industry?
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the intermediate manufacturers of carbon fiber in global automotive composites market are Toray, Toho Tenax, Mitsubishi Rayon and others. Some of the manufacturers in this market are Toray, Toho Tenax, Mitsubishi Rayon, Dow-Aksa and others.
Download the full report: https://www.reportbuyer.com/product/4804580/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-the-global-automotive-composites-carbon-fiber-market-300432231.html