Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Carbon Fiber Composites Parts Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Carbon Fiber Composites Parts Market Grow Between 2024 and 2025?
The market size of the global Automotive Carbon Fiber Composites Parts has seen substantial growth over the years. In 2024, the market was valued at $22.96 billion and is projected to rise to $26.34 billion in 2025, with a compound annual growth rate (CAGR) of 14.7%.
How Much Will the Automotive Carbon Fiber Composites Parts Market Be Worth in 2029?
The Automotive Carbon Fiber Composites Parts Global Market Report projects that by 2029, the market size will reach $46.82 billion, growing at a compound annual growth rate (CAGR) of 15.5%.
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Which Automotive Carbon Fiber Composites Parts Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive carbon fiber composites parts market are:
• Surge in adoption of electric and hybrid vehicles
• Stringent fuel efficiency standards fueling demand
• Increased utilization in structural components
• Growth in mass production and economies of scale
Which Segments Are Expected to Grow in the Automotive Carbon Fiber Composites Parts Market?
The automotive carbon fiber composites parts market covered in this report is segmented –
1) By Type: Brake Discs, Brake Pads, Battery Housing, Mirror Housing, Chassis, Pillars, Other Types
2) By Resin: Thermoplastic, Thermoset
3) By Application: Original Equipment Manufacturer (OEM), After market
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What Are The Key Trends Impacting Growth In The Global Automotive Carbon Fiber Composites Parts Market?
The key trends in the automotive carbon fiber composites parts market are:
• The adoption of carbon fiber composites in electric vehicles (EVs) is on the rise.
• Manufacturing technologies are evolving and significantly influencing the market.
• The trend of integrating carbon fiber composites in structural components is gathering pace.
• Initiatives for cost reduction, recycling, and sustainability are becoming prevalent.
Who Are the Key Competitors in the Global Automotive Carbon Fiber Composites Parts Market?
Major players in the automotive carbon fiber composites parts market are:
• Plasan Carbon Composites Inc.
• Faurecia SE
• Toray Industries Inc.
• Mitsubishi Chemical Carbon Fiber and Composites
• SGL Carbon
• Composite Resources Inc.
• Hexcel Corporation
• Teijin Limited
• BUCCI COMPOSITES S.p.A.
• CBS Composites
• Cobra Advanced Composites Co. Ltd.
• TOPKEY Excellence In Composites
• Action Composite Technology Limited
• Zhongfu Shenying Carbon Fiber Xining Co. Ltd.
• Jiangsu Hengrui Pharmaceuticals Co. Ltd.
• Martec Spa
• Gigante Technologies Pvt. Ltd.
• Cytec Industries Incorporated
• ACP Composites Inc.
• Clearwater Composites LLC
• Owens Corning
• HITCO Carbon Composites Inc.
• Polar Manufacturing Limited
• Rock West Composites Inc.
• Zoltek Companies Inc.
• Gurit Holding AG
• Solvay S.A.
• Continental Structural Plastics Inc.
• Magna International Inc.
• Toho Tenax Co. Ltd.
• Formtech Composite Limited
• Quantum Composites Inc.
• PlastiComp Inc.
• TenCate Advanced Composites
• Fiberforge Corporation
• Albany Engineered Composites Inc.
• BASF SE
• DSM Composite Resins AG
Where Is the Automotive Carbon Fiber Composites Parts Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the automotive carbon fiber composites parts market in 2024
