Let's talk!

Blogs » Business » Carbon Fiber in Automotive Market Size and Forecast 2027

Carbon Fiber in Automotive Market Size and Forecast 2027

  • Market Overview

    The global carbon fiber market has been segmented on the basis of raw material, form, type, application, and region.

    By raw material, the global carbon fiber market has been classified into PAN, pitch, and rayon. Among these, the PAN was the largest and the fastest growing segment in 2017. The segment is expected to maintain its dominance during the review period, owing to the high-performance characteristics offered such as high specific strength and high temperature tolerance, which result in better performance, high yield, and better processing of carbon fiber.

    Based on form, the global Carbon Fiber in Automotive Market Size has been divided into composite and non-composite. The composite segment held the largest market share in 2021, due to its wide use in the automotive and aerospace defense industries.

    On the basis of type, the global carbon fiber market has been segmented into continuous, long, and short carbon fibers. The long carbon fiber is high in demand in the construction industry. Thus, with the growth of the construction industry, the long carbon fiber segment is expected to witness healthy growth during the review period.

    The global market on the basis of application has been divided into automotive, aerospace defense, wind turbines, sports equipment, molding compounding, construction, pressure vessels, and others. The aerospace defense segment held the largest share in the global carbon fiber market in 2017. It is expected to continue its dominance during the review period. However, the automotive segment closely follows the aerospace defense segment in terms of share. The aerospace defense industry uses carbon fibers on a large scale, due to its durability, lightweight, and high performance. Carbon fiber-based products are widely used in remote areas by the defense industry, and heavyweight products are generally avoided. It is used in the manufacturing of parts of aircraft, due to the high tensile strength and resistance to chemicals and extreme weather conditions.

    Market players

    Some of the major players operating in the global carbon fiber market are Toray Industries, Inc (Japan), Teijin Limited (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan), HYOSUNG (South Korea), Cytec Industries Inc. (US), DowAksa (US), OJSC «SvetlogorskKhimvolokno» (Belarus), Taekwang Industrial Co., Ltd (South Korea), Nippon Graphite Fiber Co., Ltd. (Japan), Formosa Plastics Corporation (US), Carbon Mods (US), and Kureha Corporation (Japan).

    Regional Analysis

    Global Carbon Fiber in Automotive Market Analysis has been spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East Africa. North America held the largest share in the global carbon fiber market in 2017, owing to the abundant use of carbon fiber in the automotive and aerospace defense industries. Asia-Pacific held the second-largest, but was the fastest growing market for carbon fibers in 2017 and is projected to follow the same trend during the forecast period. The European and Latin American markets are expected to grow at considerable and moderate rates, respectively, during the forecast period. The Middle East African market is projected to witness sluggish growth during the review period.

    About Market Research Future:

    At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.


    Market Research Future®

    99 Hudson Street,5Th Floor

    New York, New York 10013

    United States of America


    +1 628 258 0071(US)

    +44 2035 002 764(UK)

    Email: sales@marketresearchfuture.com 

    Website: https://www.marketresearchfuture.com 

Recent Blog Entries

  • A Server Virtualization Engineer partitions a physical server by using software into several smaller virtual servers to boost server resources. Besides, this individual also helps to ensure that space is saved, allowing many resources to use the same space. By doing so, they improve network performa...
  • October 29, 2018
    Posted by Deylr eylrod
  • We welcome the many gamers at our website; players can discover us to get cash of clans’ limitless gems and hacks. The coc hack tool is a strategy application for mobile device at present! We construct our coc hack tool for both android and iOS gadget, it is established by specialize industr...
  • One on the great "you was able to make it moments" to be described as a rookie must be in the event you notice your name employing a Madden video games. Would you play you because you in Madden? Would that certainly be considered a sign of narcissism reely more than the moment being proud of merely ...
  • The gaming companies are enduring a summer swoon, as being the industry-tracking NPD Group today announced its June retail sales figures, showing shrinking revenues year-over-year overall.Even with grim news with the industry overall, there was clearly some individual winners. Take-Two Interactive f...
View All