New Report on Carbon Fiber in Automotive Market by Examines Business Planning Research, Industry Share, Size, Growth, & Trends by 2024 | Eminent Players: Zoltek, Axon, Plasan Carbon Composites, GURIT, Rivers Carbon Technologies, Sigmatex
Research N Reports introduces a new research report, titled “Carbon Fiber in Automotive Market”, which gauges the Carbon Fiber in Automotive Market across the world and also analyzes the essential macro and micro-economic factors affecting the progress of the market. The study further evaluates the weaknesses and strengths of the key players operating in the market using SWOT analysis. Additionally, it also studies the drivers and restraints impacting the development of the market in detail. Some of the paramount opportunities in the market have also been highlighted in this report.
Many automotive companies, such as BMW, Audi, GM, Honda and Polestar, are investing in a process to support low-cost carbon fiber manufacturing by signing contracts with manufacturers of carbon fiber materials for mass production. The external sector of applications is expected to lead the automotive carbon fiber market in value and volume. The growth in this market segment may be due to the increasing demand from manufacturers who produce some external components such as fenders, hoods, bumper beams and deck lids on vehicles. Adopting carbon fiber increases the durability of the vehicle, which extends the life of the parts and the vehicle. The external parts of the vehicle, made of composite material, also have a high stiffness, which means minimal damage to the occupants in the event of an accident.
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Profiling Key players: Toray, Hexcel, Cytec Solvey Group, SGL, DOWAKSA, Hyosung Corporation, Formosa Plastic, Zoltek, Axon, Plasan Carbon Composites, GURIT, Rivers Carbon Technologies, Sigmatex, and many more.
Carbon Fiber in Automotive Market Key Product Type:
Carbon Fiber in Automotive Market by Application Type:
The key trends, current restraints and pitfalls, and futuristic opportunities have been merged in a single chapter, which gives a crisp outline of the resources that are likely to drive the market growth. Lack of outright resources for undertaking focused research that results in the accumulation of the most profitable data is one of the most common boundaries of inbound research activities.
Cars have existed for over a century, but the material remains almost the same. Over the last few decades, advanced materials ranging from aluminum and magnesium alloys to carbon fibers have advanced into mass-produced cars. Advanced materials such as carbon fiber are essential to increase the fuel efficiency of modern cars while maintaining performance and safety. Lightweight materials provide the greatest potential for improving vehicle efficiency and fuel economy, as they have less energy to accelerate light objects than heavy objects. If the vehicle weight is reduced by 10%, fuel economy may increase by 6-8%.
BMW has used carbon fiber in its i3 model to significantly reduce the weight of the car. The company sells about 31,000 of the i3 models for one year. BMW and its carbon fiber production partner, the SGL Group, have spent $ 1 billion on establishing a supply chain for CFRP for i3 and i8. Audi also uses carbon fiber to produce the rear wall of the space frame for the A8 sedan. On the supply side, carbon fiber manufacturers will boost their car production capacity to support the adoption of automotive carbon fiber.
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Reasons for Buying this Report:
- Provide advances taking into account the various factors that drive or differentiate the growth of the Market.
2. Helps to accommodate important product segments and future.
3. Provides pinpoint analysis of various competitive dynamics and can stay ahead of market competitors.
4. Helps to make professional decisions through thorough insight into markets and in-depth analysis of market segments.
5. Regional marketing type analysis, international trade type analysis and supply chain analysis are helpful.
6. Market report helps to understand manufacturing cost structure, raw materials and suppliers, manufacturing process, and industrial chain structure.
Table of Contents:
- Global Carbon Fiber in Automotive Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Carbon Fiber in Automotive Market Forecast
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
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