Electric Vehicle Motor Industry Global Market Size, Share, Trends Report 2018
Carbon Fiber
Market For Automotive Analysis From 2018 To 2023. Global Carbon Fiber Market
For Automotive by Material Type (Sheet Molding Compound (SMC), Short Fiber
Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others),
Application Type (Exterior, Power Train System, Under Body System, Chassis
System, Interior, And Others), Vehicle Type (Passenger Car and Commercial
Vehicle), and region.
Get Sample Copy of Carbon Fiber
Market For Automotive Report - Global Forecast to 2023 at: https://www.marketresearchfuture.com/sample_request/5390
Global Carbon Fiber Market For
Automotive Highlights:
The factors
supporting the growth of carbon fiber in automotive, are increased safety in
the vehicle, growing technology development, increase in the sales of vehicle,
and rise in government regulations to meet fuel efficiency of the vehicle. The
growing technology for light weight material is expected to drive the market in
the future. The lightweight materials help increase the fuel efficiency and the
performance of the vehicle. This increased performance will drive vehicle
purchase, which will drive the market. There has been an increase in the
government regulations to meet the fuel efficiency of the vehicle. The
Institute for Advanced Composites Manufacturing Innovation (IACMI) has aimed to
decrease the cost of composite fiber to reduce the overall cost of the
automotive components. Increase in vehicle sales is also expected to drive the
carbon fiber in automotive market during the forecast period. The increase in
sales of vehicle will result in growing demand of carbon fiber in the vehicle
due to the light weight property. This increase demand will result in the growth
of the market in future.
The carbon
fiber in automotive market is segmented based on material type, application
type, vehicle type, and region. On the basis of material type, the market is
segmented based on Sheet Molding Compound (SMC), Short Fiber Thermoplastic
(SFT), Long Fiber Thermoplastic (LFT), Prepreg, and Others. LFT is expected to
dominate the carbon fiber in automotive market during the forecast period. It
is used where there is prime requirement for higher strength, high resistance
to chemicals, heat and corrosion. This property of LFT will increase the demand
of this segment in future. On the basis of application type, the market has
been segmented as exterior, power train system, under body system, chassis
system, interior, and others. Exterior segment is expected to dominate the
market in future due to increased demand for carbon fire in exterior
components.
On the basis
of region, the market has been segmented into North America, Asia Pacific,
Europe, and Rest of the World. Asia Pacific is expected to dominate the market
in future due to the rise in production of passenger and commercial vehicles in
emerging countries such as India, China, and Japan. Europe is expected to be
the second largest market for carbon fiber due to an increase in demand for
light weight vehicle body parts. The stringent government regulations in Europe
for developing environmental sustainable composite materials, is expected to
drive the carbon fiber market in future. North America, where automobile
manufacturers will continue to see an increase in the sales of the passenger
cars is expected to be the third largest market due to growing demand for vehicle
production. The increase in demand of the new vehicles will enable the growth
of the auto components suppliers. This increase in demand of passenger cars,
will result in high demand for standard components in the vehicle. This will
result in the growth of the market in future.
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Fiber Market For Automotive – Global Market Report @ https://www.marketresearchfuture.com/reports/carbon-fiber-automotive-market-5390
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