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Surging demand for electric vehicles is likely to stimulate innovation in the manufacturing of automotive carbon fibre composites parts, propelling the market over the forecast period.

The global automotive carbon fiber composites parts market is expected to grow from $17.10 billion in 2022 to $20.08 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The global automotive carbon fiber composites parts market size is expected to reach $36.24 billion in 2027 at a CAGR of 15.9%.

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Global Automotive Carbon Fiber Composites Parts Market Segments Include:

• By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
• By Resin: Thermoplastic, Thermoset
• By Application: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global automotive carbon fiber composites parts market in 2021.

Major Market Players in the automotive carbon fiber composites parts market include Plasan Carbon Composites, Faurecia SE, Toray Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites (MCFC), SGL Carbon, Composite Resources.

Product innovation is a major trend that is gaining traction in the automotive carbon fibre composites parts industry. Major players in the automotive carbon fibre composites parts market are working on producing composite materials with beneficial qualities for automobiles. Solvay, a Belgian chemical firm, for example, will launch SolvaLite 714 Prepregs in May 2022. It is a new generation of unidirectional carbon fibre and woven fabric goods pre-impregnated with epoxy resin SolvaLite 714. These cutting-edge prepregs have been specifically created for serial production runs of vehicle components such as body panels with short compression-molding cycle lengths. They also have short cure cycles and extended lifespans.

The Automotive Carbon Fiber Composites Parts Global Market Report 2023  provides a automotive carbon fiber composites parts market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive carbon fiber composites parts market forecast analyzes automotive carbon fiber composites parts market size, automotive carbon fiber composites parts market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Automotive carbon fibre composite parts are those composed of carbon fibre composite material. They are utilised to lighten the vehicle and make it more energy efficient.

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