Automotive Carbon Thermoplastic Market
Automotive Carbon Thermoplastic Market Analysis by Polyamide (PA), Polypropylene, Polyphenylene Sulfide (PPS), Polyetherimide (PEI), and Polyetheretherketone from 2023 to 2033
Analysis of Automotive Carbon Thermoplastic Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Carbon Thermoplastic Market Outlook (2023 to 2033)
The global automotive carbon thermoplastic market is valued at US$ 700 million in 2023 and is expected to touch US$ 8 billion by 2033, rising at a high-value CAGR of 27.5% from 2023 to 2033 (forecast period).
Automotive carbon thermoplastic is a composite material comprised of carbon fiber and plastic. Carbon fiber is a cutting-edge material that is ten times more durable than steel while weighing only a fifth of the weight. Carbon fiber is blended with one or two polymers to create a one-of-a-kind product that can be employed in the production of robust and lightweight vehicle parts. These thermoplastic materials are used to design the interior and exterior of automobiles.
Carbon thermoplastic for automotive applications has the extra benefit of being highly resistant to deformation as well as alkaline and acid corrosion. Its potential to aid in meeting the demand for energy savings and CO2 reduction in the automobile industry has gained more attention over the past few years.
The automotive industry is a major contributor to worldwide CO2 emissions.
- As per the United States Environmental Protection Agency (EPA), an average passenger vehicle generates roughly 4.5 metric tons of carbon dioxide per year.
As a result, automotive firms have concentrated their research on technologies that decrease these pollutants, resulting in the creation of high-efficiency and low-emission internal combustion engines, electric motors, fuel cell engines, and hybrid engines.
Moreover, the automotive industry is continually seeking methods to make cars lighter, faster, stronger, and cheaper.
- According to Japan's Ministry of Transport, reducing the weight of a single automobile by 100 kg lowers CO2 emissions by an average of 20 g/km.
Hence, in recent years, there has been a substantial increase in the development and application of carbon thermoplastics for automotive weight reduction and stringent CO2 emissions, with the goal of mass manufacturing opportunities.
- For example, Covestro AG, a German firm, created a novel composite technology in February 2020 to create high-strength, lightweight, thin, aesthetic parts for vehicles that minimize CO2 emissions and fuel consumption or extend the range of electric vehicles. The technique, known as MaezioTM, is based on continuous fiber-reinforced thermoplastic polymers (CFRTP).
Thermoplastic composite materials have exceptional properties, making them more attractive as a metal alternative in many industries. The goal is to create lighter, less fuel-intensive automobiles that release less CO2. As a result, the need for carbon thermoplastic is rising. Carbon thermoplastic is increasingly used to replace high-tension steel and other materials in hybrid, electric, and other next-generation environmentally-friendly vehicles.
As per Fact.MR, a market research and competitive intelligence provider, such aspects are projected to raise the demand for automotive carbon thermoplastic over the next ten years.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 700 Million |
| Projected Market Value (2033) | US$ 8 Billion |
| Global Market Growth Rate (2023 to 2033) | 27.5% CAGR |
| Europe Market Share (2022) | 39% |
| Leading Resin Type | Polyamide (PA) |
| Key Companies Profiled | Celanese Corporation; BASF SE; Dow, Inc; DuPont de Nemours, Inc; Cytec Industries, Inc; Gurit Holding AG |
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Why is the Automotive Carbon Thermoplastic Market Expanding So Fast?
“Strict Environmental Regulations by Governments”
Governments throughout the world are working on increasing the number of electric and solar vehicles on the road to reduce pollution. The global market will expand as more environmentally-friendly vehicles become available.
- For example, Tata Motors introduced electric and hybrid Starbuses in Pune, India, as part of their zero-emission mass transportation solution.
Government stringent rules will, therefore, indirectly increase the demand for automobile carbon thermoplastic.
Which Factor Can Hamper Market Growth to Some Extent?
“High Cost of Carbon Fiber”
Carbon fiber-reinforced structural parts are light, sturdy, and load-bearing, and they play a vital role in reducing automotive weight. However, the high cost of carbon fiber in comparison to other fibers (glass, natural) utilized in the creation of various automobile components is one of the primary challenges for this market since small auto parts manufacturers can't afford to invest in high-priced carbon fibers. Furthermore, vehicle manufacturers' concerns about establishing a waste disposal or recycling mechanism for carbon composite parts pose a barrier.
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Country-wise Insights
Why is Germany Ruling the European Market?
“Presence of Well-established Automotive Sector”
Europe is dominating the worldwide market. Europe accounted for 39% of the global market for automotive carbon thermoplastic in 2022.
The European Council, European Parliament, and European Commission established binding CO2 emission targets for new light commercial vehicles and passenger cars for 2025 and 2030. The goals are to cut average CO2 emissions from new cars by 20% in 2025 and 40% in 2030.
Furthermore, Europe has surpassed China as the world's leading electric vehicle market. The government subsidies and the availability of numerous new automobiles and hybrids are encouraging customers to invest in eco-friendly vehicles.
- According to The Wall Street Journal, Europe's share of worldwide new electric car sales roughly doubled in 2021, while China and the United States lost market share.
As a result, European companies are investing more in creating and producing carbon thermoplastic for automotive applications due to the rising popularity of electric vehicles and rigorous carbon emission regulations.
- DSM, a Dutch manufacturer, released carbon fibers based on Akulon® polyamide 6 (PA 6), DSM's EcoPaXX® polyamide 410 (PA 410), and Stanyl® polyamide 46 (PA 46). They will allow for significant weight reduction in vehicle body and chassis components.
- DSM is also a partner in the four-year ENLIGHT initiative, which involves Renault, Jaguar Cars, Volvo, and Volkswagen. ENLIGHT, which is part of the European Union's Seventh Framework Programme, seeks to speed up the technological advancement of a portfolio of materials that, when combined, have a high ability to decrease overall carbon footprint and weight in medium-to-high volume electric vehicles that could hit the market between 2020 and 2025.
Germany is leading the regional market due to the presence of a well-established automotive sector. Germany is a prominent auto exporter in the world. With over 12 million units sold globally in 2019, Volkswagen Group topped a list of the leading producer based on global sales. In 2019, over 3.7 million passenger automobiles were sold in Germany, representing a small increase over 2018.
How is the North American Market for Automotive Carbon Thermoplastics Faring?
“Strong Research and Development Efforts across the Region”
Demand for automotive carbon thermoplastic is surging in North America. The United States and Canada are greatly supporting regional market growth. Strong research and development efforts in more sustainable and recyclable composite materials are boosting the market in these countries.
Automakers in the United States and Canada are investing extensively in reducing vehicle weight through the use of various polymers and fibers to improve fuel efficiency.
Which Aspect is Fueling Market Growth in Japan and South Korea?
“Rapidly Increasing Adoption of Electric Vehicles in These Countries”
The Asia Pacific market is growing rapidly due to the large production of electric vehicles and expanding production in the automotive industry. Automotive manufacturers are concentrating heavily on increasing manufacturing capacity to meet the region's growing demand for lightweight automobiles. This is boosting the sales of automotive carbon thermoplastic due to possible benefits such as weight reduction and increased fuel efficiency.
The Japanese and South Korean markets are also witnessing tremendous growth due to the increasing adoption of electric vehicles in these countries. The growing popularity of electric vehicles can be attributed to government initiatives and support to better the environment and reduce reliance on fossil fuels. Governments in Japan and South Korea are supporting the adoption of zero-emission vehicles by lowering the registration tax on electric vehicles.
Category-wise Insights
Why is Demand for Polyamide Resin Escalating?
“Widespread Use of Polyamide Resin in Automotive Industry”
Demand for polyamide (PA) resin is escalating due to its widespread use in the automotive industry. Polyamide's mechanical qualities, including high flexibility, high tensile strength, good resilience, and high impact strength (toughness), have raised its demand in the automobile industry. Polyamides have high melting and glass transition temperatures, which results in good mechanical characteristics at high temperatures. Moreover, many market players are introducing innovative polyamide-based products.
- For example, Rhodia, a French firm, produced polyamide 610 manufactured from castor oil called Technyl eXten in 2021. Technyl eXten is a high-performance polyamide with properties close to polyamide 12 for automakers looking for greener alternatives.
Furthermore, the demand for polypropylene (PP) is also increasing. Polypropylene is not affected by moisture, making it an excellent choice for applications where moisture is an issue. This is expected to boost its use in thermoplastic composite manufacturing.
Polyetherimide (PEI) is also in high demand in the automotive industry. Polyetherimide is a flexible thermoplastic material that is widely used in the automotive industry.
Polyetherimide can be processed using standard processes such as extrusion, injection molding, thermoforming, and compression molding. Furthermore, this material has excellent qualities such as flame resistance, low smoke output, hydrolytic stability, and UV light resistance.
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Competitive Landscape
Key players in the automotive carbon thermoplastic market are actively focusing on methods such as investments, collaborations, new developments, R&D activities, and acquisitions to broaden and strengthen their international footprint. Moreover, many start-ups are working on creating advanced solutions.
- Solerial Matusions, a Swedish start-up, is creating a carbon fiber nanoparticle additive. The additive solution seeks to reduce the cost and weight of automotive structural components while providing greater protection.
- Anand Group collaborated with Far-UK to produce carbon fiber composites in February 2021. The collaboration emphasized creating innovative methods to reduce emissions.
Automotive Carbon Thermoplastic Industry Research Segmentation
-
By Resin Type :
- Polyamide (PA)
- Polypropylene (PP)
- Polyphenylene Sulfide (PPS)
- Polyetherimide (PEI)
- Polyetheretherketone (PEEK)
- Polycarbonate (PC)
-
By Application :
- Exterior
- Chassis
- Interior
- Powertrain & UTH
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Resin Type
- 9.1 Polyamide (PA)
- 9.2 Polypropylene (PP)
- 9.3 Polyphenylene Sulfide (PPS)
- 9.4 Polyetherimide (PEI)
- 9.5 Polyetheretherketone (PEEK)
- 9.6 Polycarbonate (PC)
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1 Exterior
- 10.2 Chassis
- 10.3 Interior
- 10.4 Powertrain & UTH
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1 North America
- 11.2 Latin America
- 11.3 Europe
- 11.4 East Asia
- 11.5 South Asia
- 11.6 Oceania
- 11.7 Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1 Celanese Corporation
- 21.2 BASF SE
- 21.3 Dow, Inc
- 21.4 DuPont de Nemours, Inc
- 21.5 Cytec Industries, Inc
- 21.6 Gurit Holding AG
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Resin Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Resin Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Resin Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Resin Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Resin Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Resin Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Resin Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Resin Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Resin Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Resin Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Resin Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Resin Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Resin Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Resin Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Resin Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Resin Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Resin Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Resin Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Resin Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Resin Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Resin Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Resin Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Resin Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Resin Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Resin Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Resin Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Resin Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Resin Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Resin Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Resin Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Resin Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Resin Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Resin Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
How big is the global automotive carbon thermoplastic market?
The global automotive carbon thermoplastic market stands at US$ 700 million in 2023.
What is the growth rate of the market for automotive carbon thermoplastics?
Worldwide demand for automotive carbon thermoplastics is projected to increase at a CAGR of 27.5% from 2023 to 2033.
What is the forecast outlook for automotive carbon thermoplastic sales?
Sales of automotive carbon thermoplastics are predicted to reach US$ 8 billion by 2033.
What market share did Europe capture in 2022?
Europe accounted for 39% share of the global market in 2022.
Who are the key manufacturers of automotive carbon thermoplastics?
Celanese Corporation, BASF SE, Dow, Inc, DuPont de Nemours, Inc, Cytec Industries, Inc, and Gurit Holding AG are leading automotive carbon thermoplastic suppliers.
Automotive Carbon Thermoplastic Market