The US automotive carbon fiber market is estimated to grow significantly during the forecast period. The US homes several numbers of automakers including Ford, Hyundai, Nissan, Toyota, General Motors, Honda, Tesla, and Proterra among others. As per the International Organization for Motor Vehicle Manufacturers, the overall vehicle production of the US stood at nearly 11 million in 2019. Overall, the US is the second-largest market, across the globe, for vehicle sales and production. The automotive industry in the US is highly inclined towards innovation. New R&D initiatives are transforming the industry and creating significant opportunities for market players. The rising use of recycled carbon fiber in the manufacturing of lightweight automotive parts is a key factor in creating the demand for the carbon fiber market in the country.
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US automotive carbon fiber market is segmented based on raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Automotive Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
US Automotive Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
US Automotive Carbon Fiber Market by Application
- Interior
- Exterior
- Structural Assembly
- Others( Powertrain Components )
Company Profiles
- DowAksa Advanced Composites Holdings BV
- Formosa Plastics Corp.
- Hexcel Corp.
- Mitsubishi Chemical Holdings Corp.
- Nippon Carbon Co. Ltd.
- RTP Co.
- Solvay SA
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
The Report Covers
- Comprehensive research methodology of the US automotive carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US automotive carbon fiber market.
- Insights about market determinants which are stimulating the US automotive carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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