Carbon Fiber in Automotive Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Carbon Fiber in Automotive Market Size and Growth
The global Carbon Fiber in Automotive market is projected to reach a value of $6.8 billion by 2025, with a CAGR of 12.7% during the forecast period. The market is primarily driven by the increasing demand for lightweight and fuelefficient vehicles to meet regulatory standards and improve performance.
Companies Covered (Covid 19 Impact Covered)
◍ Toray
◍ Hexcel
◍ Cytec Solvey Group
◍ SGL
◍ DOWAKSA
◍ Hyosung
◍ Formosa Plastic
◍ Zoltek
◍ Axon
◍ Plasan Carbon Composites
◍ GURIT
◍ Rivers Carbon Technologies
◍ Sigmatex
The competitive landscape of the Carbon Fiber in Automotive Market includes key players such as Toray, Hexcel, Cytec Solvey Group, SGL, DOWAKSA, Hyosung, Formosa Plastic, Zoltek, Axon, Plasan Carbon Composites, GURIT, Rivers Carbon Technologies, and Sigmatex. These companies provide high-quality carbon fiber materials, components, and solutions to enhance the performance and efficiency of vehicles, driving the growth of the market.
- Toray sales revenue: $7.3 billion
- Hexcel sales revenue: $2.2 billion
- Cytec Solvey Group sales revenue: $2.0 billion
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