The total automotive carbon fiber composites market is expected to grow from $xx.x million in 2010 to $xx.x million in 2017 at a CAGR of xx.x percent. The total automotive carbon fiber composites market is expected to grow from x,xxx.x MT in 2010 to x,xxx.x MT in 2017 at a CAGR of xx.x percent.
Automotive OEMs like BMW are tying up with carbon fiber suppliers to ensure long-term supply, forge joint development partnerships, and rein in price fluctuations. Tier-I suppliers and carbon fiber producers are not only trying to develop low-cycle-time fabrication processes suitable for high-volume production but are also moving away from exterior bolt-on parts to integrated body-in-white structural components that can be manufactured online.
Carbon fiber composite prices are expected to decrease during the forecast period due to technical advancements in molding processes as well as acceptance of thermoplastic resin materials. Electric vehicles and luxury or sports cars will remain the key segments in which carbon fiber composites will be adopted.
This study covers the state of the global automotive carbon fiber composites market used to achieve weight reduction of automobiles in the wake of fuel efficiency legislations, examining drivers and restraints for growth, pricing, legislation, demand and geographical trends. In addition, an in-depth analysis of the carbon fiber capacities, prevalent fabrication methods, key application trends and resin systems used is performed. The base year is 2010 with forecasts running through 2017.The total automotive carbon fiber composites market is expected to grow at a stagerring rate owing to production of new vehicles such BMW i3 and Mercedes Benz SL-Klasse which would contain heavier components made up of CFRP.
Click for Report details:Supply Chain Analysis of the Automotive Carbon Fiber Composites Market