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Automotive Carbon Fiber Composites Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 2,179.25 Million
Market Size 2024 · Base Year
US$ 5,319.91 Million
Projected Market Size by 2031
13.60%
CAGR · 2025–2031
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BMIPUB00031714 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Toray Industries Inc., Hexcel Corporation, SGL Carbon SE, Teijin Limited, Mitsubishi Chemical Corporation
450
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Increasing Demand For Lightweight Vehicles

  • Stringent Emission Regulations

  • Industries Demand for Enhanced Performance

Where Growth Opportunities Exist

Key Opportunities

  • Integration of Hybrid Materials

  • EV Market Growth

What Could Slow It Down

Market Restraints

  • High production cos

  • Recycling challenge

  • Complex manufacturing

Market Segmentation

Coverage by Segment

Vehicle Type

Passenger Car
Commercial Vehicle

Propulsion

Internal Combustion Engines
Battery Electric Vehicles
Hybrid Electric Vehicles

Application

Structural Assembly
Powertrain Components
Interiors
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Toray Industries Inc.
Hexcel Corporation
SGL Carbon SE
Teijin Limited
Mitsubishi Chemical Corporation
BASF SE
Solvay SA
Hyosung Advanced Materials
DowAksa
Plasan Carbon Composites
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 2,179.25 Million
Market Size 2031 US$ 5,319.91 Million
CAGR 2025–2031 13.60%
Segments By Vehicle Type (Passenger Car, Commercial Vehicle)  |  By Propulsion (Internal Combustion Engines, Battery Electric Vehicles, Hybrid Electric Vehicles)  |  By Application (Structural Assembly, Powertrain Components, Interiors)
Geographies North America (US, Canada, Mexico)  ·  Europe (Belgium, Austria, Finland, Denmark, Greece, Poland, Romania, Russia, Ukraine, Czech Republic, Slovakia, Bulgaria, Italy, Luxembourg, Germany, Switzerland, France, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom)  ·  Asia-Pacific (Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, New Zealand, Taiwan)  ·  South and Central America (Brazil, Argentina, Peru, Chile, Colombia)  ·  Middle East and Africa (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Turkiye, South Africa, Egypt, Algeria, Nigeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00031714
Lead Analyst Suraj Sajeev — Associate Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 450 pages of in-depth Automotive Carbon Fiber Composites Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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