Carbon Thermoplastics Market Size Report, Industry Share, Analysis, Growth, 2030

Carbon Thermoplastics Market

Carbon Thermoplastics Market In Automotive: By Application (Exterior,Interior, Powertrain & UTH, and Chassis), By Resin Type (Polycarbonate (Pc), Polyphenylene Sulfide (Pps), Polyether Ether Ketone (Peek), Polyamide (Pa), Polyetherimide (Pei), And Polypropylene (Pp)), and By Region – Global, and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-598 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 642.39 Million USD 1571.48 Million 11.83% 2022

Description

The Global Carbon Thermoplastics Market in Automotive 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 is estimated to be worth USD 1571.48 Million by 2030

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Global Carbon Thermoplastics Market in Automotive: 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, make 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 Carbon Thermoplastics Market in Automotive: Growth Factors

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

Global Carbon Thermoplastics Market in Automotive: Report Scope

Report Attributes Report Details
Report Name Carbon Thermoplastics Market In Automotive Research Report
Market Size in 2022 USD 642.39 Million
Market Forecast in 2030 USD 1571.48 Million
Growth Rate CAGR of 11.83%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Toray Industries Inc., BASF SE, Saudi Basic Industries Corporation, Celanese Corporation, SGL Group, and Gurit Holding Ag. Other key players in the global market are Teijin Ltd., Cytec Solvay, the Dow Chemical Company, Quickstep Holdings Limited, and Tencate.
Segments Covered By Application, By Resin Type, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Carbon Thermoplastics Market in Automotive: Segmentation

The global market is segmented on the basis of application 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. 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, 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).

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Global Carbon Thermoplastics Market in Automotive: Regional Analysis

Asia Pacific holds the largest market share in the global carbon thermoplastics market in automotive. 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 auto components industry in this region is expected to fuel the global carbon thermoplastics market in automotive in the coming years. Asia Pacific has become a global sourcing hub for automotive industries.

Global Carbon Thermoplastics Market in Automotive: Competitive Players

Some of the major players in the global carbon thermoplastics market in automotive are Toray Industries Inc., BASF SE, Saudi Basic Industries Corporation, Celanese Corporation, SGL Group, and Gurit Holding Ag. Other key players in the global market are Teijin Ltd., Cytec Solvay, the Dow Chemical Company, Quickstep Holdings Limited, and Tencate.

The global carbon thermoplastics market in automotive is led by players like:

  • Toray Industries Inc.
  • BASF SE
  • Saudi Basic Industries Corporation
  • Celanese Corporation
  • SGL Group
  • and Gurit Holding Ag.

Other key players in the global market are

  • Teijin Ltd.
  • Cytec Solvay
  • the Dow Chemical Company
  • Quickstep Holdings Limited
  • Tencate.

The global carbon thermoplastics market in automotive 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)

Global Carbon Thermoplastics Market in Automotive: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, 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 in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Carbon thermoplastics are thermoplastic composites using carbon fibres. This creates a lightweight, robust, and durable material with good mechanical qualities. Carbon thermoplastics are rigid, light, chemically resistant, and heat-moldable. Aerospace, automotive, sports equipment, and consumer items use lightweight, high-performance materials like these.

Changing consumer preferences for carbon thermoplastics in automotive may drive the global carbon thermoplastics market in automotive in the near future.

The Global Carbon Thermoplastics Market was valued at USD 642.39 Million in 2022 and is expected to expand at a CAGR of 11.83% in 2023-2030 to USD 1571.48 Million by 2030.
 

Some of the major players in the global carbon thermoplastics market in automotive are Toray Industries Inc., BASF SE, Saudi Basic Industries Corporation, Celanese Corporation, SGL Group, and Gurit Holding Ag. Other key players in the global market are Teijin Ltd., Cytec Solvay, the Dow Chemical Company, Quickstep Holdings Limited, and Tencate.

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