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Global Automotive Carbon Thermoplastic Market to reach USD 1266.60 million by the end of 2030.

Global Automotive Carbon Thermoplastic Market Size study & Forecast, by Resin Type (PA, PEEK, PPS, PC, PP, Others), by Application (Exterior, Interior, Chassis, Powertrain & UTH) and Regional Analysis, 2023-2030

Product Code: ALTAMC-25765558
Publish Date: 20-12-2023
Page: 200

Global Automotive Carbon Thermoplastic Market is valued at approximately USD 459.91 million in 2022 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2023-2030. Automotive Carbon Thermoplastic refers to a class of materials used in the automotive industry that combines carbon fibers with a thermoplastic polymer matrix. This combination results in a lightweight and high-strength material with specific properties suitable for various automotive applications. Carbon thermoplastics offer advantages such as reduced weight, enhanced fuel efficiency, improved mechanical performance, and potential cost savings. The Automotive Carbon Thermoplastic Market is expanding because of factors such as the rising demand for emission-free electric vehicles and the growing demand for energy-efficient vehicles. As a result, the demand for Automotive Carbon Thermoplastic has progressively increased in the international market during the forecast period 2023-2030.

Carbon thermoplastics play a crucial role in addressing the weight challenges associated with batteries in electric vehicles. The lightweight nature of these materials helps offset the heavy weight of battery packs, contributing to overall efficiency and performance. According to Statista, in 2022 plug-in electric light sales accounted for 10.2 million units. Furthermore, about 2.9 million new plug-in hybrid electric cars were sold worldwide in 2022. Plug-in hybrid electric vehicle sales accounted for around 28.4% of electric vehicle sales in 2022. Another important factor that drives the Automotive Carbon Thermoplastic Market is the increasing demand for energy-efficient vehicles. The automotive industry is witnessing a rise in the production of hybrid and plug-in hybrid vehicles. Carbon thermoplastics play a crucial role in these vehicles by contributing to weight reduction, which is especially important to offset the additional weight of batteries in hybrid systems. In addition, as per Statista, in 2021, The Lucid Air G Touring AWD model emerged as the energy efficiency leader in the large automobile market, outperforming all light passenger vehicles with a range of 131 miles per gallon petrol equivalent. Moreover, increasing focus on reduced weight and parts consolidation in the automobile industry and rising technological advancement in Automotive Carbon Thermoplastic are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of carbon fiber and recyclability of composite components is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Carbon Thermoplastic Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing presence of established automobile manufacturers, industrial expansion, and technological developments in the automotive industry in the region. The region’s dominant performance is anticipated to propel the overall demand for Automotive Carbon Thermoplastic. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as stringent government regulations towards vehicle safety and lightweight components in the region.

Major market player included in this report are:
Solvay S.A.
Avient Corporation
Celanese Corporation
Toray Industries, Inc
Mitsubishi Chemical Group Corporation
Asahi Kasei Corporation
CompLam Material Co., Ltd
Ensinger GmbH
Jiangsu QIYI Technology Co., Ltd

Recent Developments in the Market:
Ø In February 2021, BASF enhanced its Ultramid Advanced polyphthalamide portfolio by introducing carbon-fiber reinforced grades with fillings ranging from 20 to 40%. These advanced materials offer a multitude of advantages, including the creation of exceptionally lightweight components. They have the capability to replace aluminum and magnesium in various applications without compromising stiffness and strength. Furthermore, these materials exhibit electrical conductivity that can be advantageous in manufacturing components for electronic devices, automotive systems, or any other application that requires both structural integrity and electrical conductivity.

Global Automotive Carbon Thermoplastic Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Resin Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Resin Type

By Application
Powertrain & UTH

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Automotive Carbon Thermoplastic Market, by Region, 2020-2030 (USD Million)
1.2.2. Automotive Carbon Thermoplastic Market, by Resin Type, 2020-2030 (USD Million)
1.2.3. Automotive Carbon Thermoplastic Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Carbon Thermoplastic Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Carbon Thermoplastic Market Dynamics
3.1. Automotive Carbon Thermoplastic Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for emission free electric vehicles Growing demand of energy efficient vehicles
3.1.2. Market Challenges High cost of carbon fibre Recyclability of composite components
3.1.3. Market Opportunities Increasing focus on reduced weight and parts consolidation in automobile industry Rising technological advancement in Automotive Carbon Thermoplastic
Chapter 4. Global Automotive Carbon Thermoplastic Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Carbon Thermoplastic Market, by Resin Type
5.1. Market Snapshot
5.2. Global Automotive Carbon Thermoplastic Market by Resin Type, Performance – Potential Analysis
5.3. Global Automotive Carbon Thermoplastic Market Estimates & Forecasts by Resin Type 2020-2030 (USD Million)
5.4. Automotive Carbon Thermoplastic Market, Sub Segment Analysis
5.4.1. PA
5.4.2. PEEK
5.4.3. PPS
5.4.4. PC
5.4.5. PP
5.4.6. Others
Chapter 6. Global Automotive Carbon Thermoplastic Market, by Application
6.1. Market Snapshot
6.2. Global Automotive Carbon Thermoplastic Market by Application, Performance – Potential Analysis
6.3. Global Automotive Carbon Thermoplastic Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Automotive Carbon Thermoplastic Market, Sub Segment Analysis
6.4.1. Exterior
6.4.2. Interior
6.4.3. Chassis
6.4.4. Powertrain & UTH
Chapter 7. Global Automotive Carbon Thermoplastic Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Automotive Carbon Thermoplastic Market, Regional Market Snapshot
7.4. North America Automotive Carbon Thermoplastic Market
7.4.1. U.S. Automotive Carbon Thermoplastic Market Resin Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Automotive Carbon Thermoplastic Market
7.5. Europe Automotive Carbon Thermoplastic Market Snapshot
7.5.1. U.K. Automotive Carbon Thermoplastic Market
7.5.2. Germany Automotive Carbon Thermoplastic Market
7.5.3. France Automotive Carbon Thermoplastic Market
7.5.4. Spain Automotive Carbon Thermoplastic Market
7.5.5. Italy Automotive Carbon Thermoplastic Market
7.5.6. Rest of Europe Automotive Carbon Thermoplastic Market
7.6. Asia-Pacific Automotive Carbon Thermoplastic Market Snapshot
7.6.1. China Automotive Carbon Thermoplastic Market
7.6.2. India Automotive Carbon Thermoplastic Market
7.6.3. Japan Automotive Carbon Thermoplastic Market
7.6.4. Australia Automotive Carbon Thermoplastic Market
7.6.5. South Korea Automotive Carbon Thermoplastic Market
7.6.6. Rest of Asia Pacific Automotive Carbon Thermoplastic Market
7.7. Latin America Automotive Carbon Thermoplastic Market Snapshot
7.7.1. Brazil Automotive Carbon Thermoplastic Market
7.7.2. Mexico Automotive Carbon Thermoplastic Market
7.8. Middle East & Africa Automotive Carbon Thermoplastic Market
7.8.1. Saudi Arabia Automotive Carbon Thermoplastic Market
7.8.2. South Africa Automotive Carbon Thermoplastic Market
7.8.3. Rest of Middle East & Africa Automotive Carbon Thermoplastic Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Solvay S.A.
8.3.3. Avient Corporation
8.3.4. Celanese Corporation
8.3.5. Toray Industries, Inc
8.3.6. Mitsubishi Chemical Group Corporation
8.3.7. Asahi Kasei Corporation
8.3.8. CompLam Material Co., Ltd
8.3.9. Ensinger GmbH
8.3.10. Jiangsu QIYI Technology Co., Ltd
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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