DUBLIN--(BUSINESS WIRE)--The "Global Automotive Carbon Fiber Components Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Carbon Fiber Components Market is to grow at a CAGR of 9.77% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend gaining momentum in this market is the increasing application of advanced manufacturing technologies. The use of carbon fibers in the automotive industry requires advanced carbon fiber manufacturing techniques. This holds more importance for automakers and auto component manufacturers, to gain more competitiveness and cost-effectiveness in the market.
According to the report, one driver influencing this market is the growing use of carbon fiber materials in the automotive industry. The automotive industry is focusing on the use of energy-efficient, rigid, and light-weight materials to reduce adverse environmental effects. Thus, the global automotive industry is witnessing the increased use of advanced materials. Growing competition among OEMs and automakers is fueling the adoption of advanced materials for automotive applications, which include aluminum, carbon fibers, and magnesium.
Further, the report states that one challenge affecting this market is the high price of carbon fibers and expensive R&D. The rising prices of raw materials such as resins and carbon fibers have increased the procurement costs for vendors. The cost of carbon fibers is of particular concern in this regard, as the average price of carbon fibers is $40-$50 per pound. A minor share of the increased procurement costs is absorbed by vendors of carbon fibers, with the major share being translated to higher prices for customers. Hence, this is foreseen to be a challenge in the future. Moreover, the large volume production of these products can become challenging with the increasing demand.
- Plasan Carbon Composites
- SGL Group
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/5xdw7k/automotive_carbon?w=4