Automotive Carbon Thermoplastic Market Analysis, Development, and Forecast by 2031

MARKET INTRODUCTION

Automotive carbon thermoplastic is a composite material made of carbon fiber and plastic. The carbon fiber is combined with one or two polymers to form a unique product that will be used in the manufacturing of strong and light weighted automotive parts. These thermoplastic materials are applied for designing the exterior and interior parts of the car. Automotive carbon thermoplastic has the added advantage of being highly resistant to deformation and to both acid and alkaline corrosion. Its potential for helping to meet demands for energy saving and CO2 reduction in the automotive field has drawn increasing attention over the past few years.

MARKET DYNAMICS

The automotive carbon thermoplastic market has witnessed significant growth owing to factors such as an increase in demand for fuel-efficient vehicles and reduced weight and parts consolidation. Moreover, emissions regulations are forcing OEMS's attention toward carbon fiber composites. This further provides a significant opportunity for the key players operating in the automotive carbon thermoplastic market over the forecast period. However, high material cost of carbon fiber and indigestion and concerns about recyclability are projected to hamper the overall growth of the automotive carbon thermoplastic market.

MARKET SCOPE

The "Global Automotive Carbon Thermoplastic Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive carbon thermoplastic market with detailed market segmentation by resin type, application and geography. The global automotive carbon thermoplastic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive carbon thermoplastic market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive carbon thermoplastic market is segmented on the basis of resin type and application. On the basis of resin type, the automotive carbon thermoplastic market is segmented into Polyamide (PA), Polypropylene (PP), Polyphenylene Sulfide (PPS), Polyetherimide (PEI), Polyether Ether Ketone (PEEK) and Polycarbonate (PC). Based on application the global automotive carbon thermoplastic market is divided into exterior, interior, chassis, powertrain and UTH. The exterior segment is divided into body-in-white, hood, roof, door, fenders, front-end, deck lid, and others. The interior segment is divided into seating, dashboard, and others. The chassis segment is further bifurcated into suspensions, wheels, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive carbon thermoplastic market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive carbon thermoplastic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive carbon thermoplastic market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive carbon thermoplastic market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive carbon thermoplastic market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive carbon thermoplastic market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive carbon thermoplastic in the global market. Below mentioned is the list of few companies engaged in the automotive carbon thermoplastic market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive carbon thermoplastic market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  BASF SE
  
•  Celanese Corporation
  
•  Cytec Industries, Inc.
  
•  E. I. Du Pont De Nemours and Company
  
•  Gurit Holding AG
  
•  Quickstep Holdings Limited
  
•  Saudi Basic Industries Corporation (SABIC)
  
•  SGL Group-The Carbon Company
  
•  Teijin Ltd.
  
•  Tencate
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Carbon Thermoplastic Report Scope