Automotive Carbon Thermoplastic Market Size, Industry Share, Analysis, Growth, 2030

What is Automotive Carbon Thermoplastic Market Size?

The Global automotive carbon thermoplastic market size was estimated at USD 642.39 Million in 2022, and it is anticipated to grow at a CAGR of 11.83% in 2023-2030 and is estimated to be worth USD 1571.48 Million by 2030

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Global Automotive Carbon Thermoplastic Market: Overview

Carbon thermoplastics in the automotive sector are extensively preferred owing to properties such as design flexibility, lightweight, durability, and uniform surface. It helps to reduce vibrations, noise, and weight, engine covers, single-piece clutch cylinders, gear-lever housing, accelerator and parking brake pedals, air intake manifolds, shift control cables, and fuel system and cooling system components. Carbon thermoplastics are most useful in enhancing fuel efficiency and reducing vehicle weight. Carbon thermoplastics are also used in roofs, body-in-white, trunk-lid or deck-lid, doors, hoods, fenders, and others.

Global Automotive Carbon Thermoplastic Market: Growth Factors

Changing consumer preferences for carbon thermoplastics in automotive may drive the global automotive carbon thermoplastic market soon. Increasing disposable income of middle-class people also positively influences the global market. In addition, the rising standard of living is projected to propel the global automotive carbon thermoplastic market in the future. Moreover, the higher spending power of the people in the automotive sector is expected to drive the automotive carbon thermoplastic market. Conversely, the huge rise in the prices of the material may restrain the growth of high-end car production in the automotive carbon thermoplastic market.

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Global Automotive Carbon Thermoplastic Market: Report Scope

Global Automotive Carbon Thermoplastic Market: Segmentation

The global market is segmented based on applications such as the exterior, interior, powertrain & UTH, and Chassis. Of these, the exterior application is the leading segment in the global market. Powertrain & UTH is another growing application segment at the fastest rate. The exterior application segment is further sub-segmented as front-end, hood, body-in-white, fenders, roof, deck lid, door, and others.

However, interior applications are sub-fragmented as seating, dashboard, and others. Moreover, the chassis application segment is sub-classified as suspensions, wheels, and others.

Based on resin type, the global market is bifurcated as polycarbonate (PC), polyphenylene sulfide (PPS), polyether ether ketone (PEEK), polyamide (PA), polyetherimide (PEI), and polypropylene (PP).

Global Automotive Carbon Thermoplastic Market: Regional Analysis

Asia Pacific holds the largest market share in the global automotive carbon thermoplastic market. Owing to growth in the automotive industry and stable economic growth, the global market is anticipated to boost in the future.

However, developing infrastructure and the auto components industry in this region are expected to fuel the global automotive carbon thermoplastics market in the coming years. Asia Pacific has become a global sourcing hub for automotive industries.

Global Automotive Carbon Thermoplastic Market: Competitive Players

Some of the major players in the global automotive carbon thermoplastic market are;

• Toray Industries Inc.
• BASF SE
• Saudi Basic Industries Corporation
• Celanese Corporation
• SGL Group
• Gurit Holding Ag
• Teijin Ltd.
• Cytec Solvay
• the Dow Chemical Company
• Quickstep Holdings Limited
• Tencate

The global automotive carbon thermoplastic market is segmented as follows:

By Application 

• Exterior
• Interior
• Powertrain & UTH 
• Chassis

By Resin Type 

• Polycarbonate (Pc)
• Polyphenylene Sulfide (Pps)
• Polyether Ether Ketone (Peek)
• Polyamide (Pa)
• Polyetherimide (Pei)
• Polypropylene (Pp)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies to fortify their foothold in the market.