Automotive Carbon Thermoplastic Market: By Resin Type (Polyamide Polypropylene, Polyphenylene Sulphide, Polyetherimide, Polyether Ether Ketone, Polycarbonate, and Others), By Application (Exterior, Interior, Chassis, Powertrain and Under the Hood, and Others), and Geography

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Automotive Carbon Thermoplastic Market size was valued at USD 612.3 million in 2023 and projected to reach USD 1,231.7 million by 2030. poised to grow at 11.9% CAGR from 2024 - 2030. The market is driven by several key factors which are the demand for lightweight vehicles, the growing electric vehicle market, and stringent environmental legislation. The automotive industry is constantly striving to reduce vehicle weight to improve fuel efficiency and meet stricter emission regulations. Carbon thermoplastics, with their high strength-to-weight ratio, are a perfect solution for achieving this goal. Electric vehicles (EVs) require lightweight materials to maximize battery range. Carbon thermoplastics offer a significant weight reduction compared to traditional materials like steel, making them ideal for EV components. Governments worldwide are implementing stricter regulations to reduce carbon emissions from vehicles. Automotive carbon thermoplastics can help manufacturers comply with these regulations by reducing vehicle weight and fuel consumption. Carbon fiber, a key component of carbon thermoplastics, is a relatively expensive material. This can make the overall cost of producing parts with carbon thermoplastics higher compared to traditional materials.

The production capacity of carbon thermoplastics is currently lower compared to traditional materials. This can limit the widespread adoption of these materials in the automotive industry. Manufacturing with carbon thermoplastics can be more complex compared to traditional materials. This requires additional investment in tooling and expertise from manufacturers. Technological advancements, increased adoption of luxury and performance cars, and growing demand from emerging markets are the opportunities in the automotive carbon thermoplastic market. Increased use of recycled carbon fiber, development of bio-based resins, and focus on automation and standardization are the trends in the automotive carbon thermoplastic market. Overall, the automotive carbon thermoplastic market is expected to witness significant growth in the coming years, driven by the demand for lightweight vehicles, stricter environmental regulations, and technological advancements. However, addressing the challenges related to cost, production capacity, and complex manufacturing processes will be crucial for the wider adoption of these materials in the automotive industry.

Automotive Carbon Thermoplastic Market Key Developments:
  • In Oct 2023 - Toray Industries has made a significant breakthrough by developing TORAYCA™ T1200, an ultra-high-strength carbon fiber with a tensile strength of up to 1,160 Ksi—more than 10% higher than the previously highest strength fiber, TORAYCA™ T1100.
  • In June 2023 - Avient Corporation and BASF have joined forces to introduce colored grades of Ultrason® high-performance polymers to the global market. These colored grades are crafted by combining BASF’s Ultrason® polyarylethersulfones (PAES) as a top-notch base polymer with Avient’s Colorant Chromatics™ high-temperature color formulation expertise. The result is a range of products that include color concentrates and pre-colored solutions. This collaboration aims to enhance the versatility and visual appeal of these high-performance polymers for various applications.

Automotive Carbon Thermoplastic Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

11.9%

Largest Market

Europe

Fastest Growing Market

Asia Pacific
Automotive Carbon Thermoplastic Market Dynamics

Advancements in carbon fibre production and processing techniques can help reduce the cost of carbon thermoplastics. Additionally, research on new types of resins and manufacturing processes can further improve the performance and affordability of these materials. The demand for carbon thermoplastics is expected to remain high in the luxury and performance car segment due to their superior strength-to-weight ratio and aesthetic appeal. The automotive industry in emerging markets is experiencing rapid growth. As these markets become more environmentally conscious, the demand for lightweight materials like carbon thermoplastics is expected to increase. There is a growing trend towards using recycled carbon fibre in automotive applications. This can help reduce the environmental impact of carbon thermoplastic production. The development of bio-based resins can further improve the sustainability profile of carbon thermoplastics. The automotive industry is increasingly focusing on automation and standardization of manufacturing processes. This can help reduce the complexity and cost of using carbon thermoplastics.

Automotive Carbon Thermoplastic Market Segmentation

By Resin Type
  • Polyamide
  • Polypropylene
  • Polyphenylene Sulphide
  • Polyetherimide
  • Polyether Ether Ketone
  • Polycarbonate
  • Others
By Application
  • Exterior
  • Interior
  • Chassis
  • Powertrain and Under the Hood
  • Others
Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The automotive carbon thermoplastic market was valued at USD 612.3 million in 2023 and grew at 11.9% CAGR over the historical years (2019 - 2023). The automotive carbon thermoplastic market is projected to reach USD 1,231.7 million by 2030 at a CAGR of 10.5%.

• Demand for lightweight vehicles. • The growing electric vehicle market • Stringent environmental legislation

• Technological advancements • Increased adoption of luxury and performance cars • Growing demand from emerging markets

• Increased use of recycled carbon fibber • Development of bio-based resins • Focus on automation and standardization.

Market research report is segmented based on resin type, application, and region.

Asia-Pacific is the fastest-growing region in the automotive carbon thermoplastic market?

Key Features of the Reports

  • The automotive carbon thermoplastic market report provides granular level information about the Market size, regional Market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Automotive Carbon Thermoplastic Market Introduction 
2.1.Global Automotive Carbon Thermoplastic Market  - Taxonomy
2.2.Global Automotive Carbon Thermoplastic Market  - Definitions
2.2.1.Resin Type
2.2.2.Application
2.2.3.Region
3.Global Automotive Carbon Thermoplastic Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Automotive Carbon Thermoplastic Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Automotive Carbon Thermoplastic Market  By Resin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Polyamide
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Polypropylene
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Polyphenylene Sulphide
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Polyetherimide
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Polyether Ether Ketone
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Polycarbonate
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Others
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6.Global Automotive Carbon Thermoplastic Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Exterior
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Interior
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Chassis
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Powertrain and Under the Hood
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Automotive Carbon Thermoplastic Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Automotive Carbon Thermoplastic Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Polyamide
8.1.2.Polypropylene
8.1.3.Polyphenylene Sulphide
8.1.4.Polyetherimide
8.1.5.Polyether Ether Ketone
8.1.6.Polycarbonate
8.1.7.Others
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Exterior
8.2.2.Interior
8.2.3.Chassis
8.2.4.Powertrain and Under the Hood
8.2.5.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Automotive Carbon Thermoplastic Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Resin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Polyamide
9.1.2.Polypropylene
9.1.3.Polyphenylene Sulphide
9.1.4.Polyetherimide
9.1.5.Polyether Ether Ketone
9.1.6.Polycarbonate
9.1.7.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Exterior
9.2.2.Interior
9.2.3.Chassis
9.2.4.Powertrain and Under the Hood
9.2.5.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Automotive Carbon Thermoplastic Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Resin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Polyamide
10.1.2.Polypropylene
10.1.3.Polyphenylene Sulphide
10.1.4.Polyetherimide
10.1.5.Polyether Ether Ketone
10.1.6.Polycarbonate
10.1.7.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Exterior
10.2.2.Interior
10.2.3.Chassis
10.2.4.Powertrain and Under the Hood
10.2.5.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Automotive Carbon Thermoplastic Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Resin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Polyamide
11.1.2.Polypropylene
11.1.3.Polyphenylene Sulphide
11.1.4.Polyetherimide
11.1.5.Polyether Ether Ketone
11.1.6.Polycarbonate
11.1.7.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Exterior
11.2.2.Interior
11.2.3.Chassis
11.2.4.Powertrain and Under the Hood
11.2.5.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Automotive Carbon Thermoplastic Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Resin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Polyamide
12.1.2.Polypropylene
12.1.3.Polyphenylene Sulphide
12.1.4.Polyetherimide
12.1.5.Polyether Ether Ketone
12.1.6.Polycarbonate
12.1.7.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Exterior
12.2.2.Interior
12.2.3.Chassis
12.2.4.Powertrain and Under the Hood
12.2.5.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.3B-Fiberglass
13.2.2.Cytec Industries Inc.
13.2.3.Arkema Group
13.2.4.Celanese Corporation
13.2.5.Daicel Polymer Ltd
13.2.6.DuPont de Nemours
13.2.7.Heair pollution control systemscel Corporation
13.2.8.Technocompound GmbH
13.2.9.Polyone Corporation
13.2.10.kuraray
14. Research Methodology 
15. Appendix and Abbreviations 
  • 3B-Fiberglass
    Cytec Industries Inc.
    Arkema Group
    Celanese Corporation
    Daicel Polymer Ltd
    DuPont de Nemours
    Heair pollution control systemscel Corporation
    Technocompound GmbH
    Polyone Corporation
    kuraray

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