Carbon Fiber-Based SMC Market Trends and Forecast
The future of the global carbon fiber-based SMC market looks promising with opportunities in the pickup box, fender, door panel, bumpers, and electrical housing markets. The global carbon fiber-based SMC market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are ongoing advancements in manufacturing processes for carbon fiber-based SMC, such as compression molding and resin transfer molding (RTM), increasing concerns about environmental sustainability and carbon footprint reduction, as well as, carbon fiber-reinforced SMC offers high strength-to-weight ratio, stiffness, and durability.
• Lucintel forecasts that PAN based is expected to witness higher growth over the forecast period.
• Within this market, pickup box is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Carbon Fiber-Based SMC Market
• United States - Ford announces collaboration with carbon fiber-based SMC suppliers to develop lightweight components for electric vehicles. Government sets targets for reducing vehicle emissions, encouraging automotive companies to adopt carbon fiber-based SMC for sustainability and fuel efficiency.
• Germany - BMW invests in carbon fiber-based SMC production for its electric vehicle lineup, aiming to enhance performance and reduce weight. Government supports carbon fiber research and development, targeting increased usage in automotive manufacturing to meet emissions reduction goals.
• Japan - Toyota partners with carbon fiber-based SMC manufacturers to integrate lightweight components in hybrid vehicles. Government promotes carbon fiber adoption in automotive industry, setting targets for emissions reduction and fuel efficiency improvement through lightweight materials like SMC.
• China - BYD invests in carbon fiber-based SMC technology for electric buses, targeting enhanced energy efficiency and reduced emissions. Government incentivizes adoption of carbon fiber-based materials in electric vehicle manufacturing to support green transportation initiatives and reduce air pollution.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Carbon Fiber-Based SMC Market by Segment
The study includes a forecast for the global carbon fiber-based SMC market by product type, modulus, tow size, application, and region.
Carbon Fiber-Based SMC Market by Product Type [Value from 2018 to 2030]:
• Pan Based
• Pitch Based
Carbon Fiber-Based SMC Market by Modulus [Value from 2018 to 2030]:
• Standard Modulus
• Intermediate Modulus
• High Modulus
Carbon Fiber-Based SMC Market by Tow Size [Value from 2018 to 2030]:
• Small Tow (<=24K)
• Large Tow (>24K)
Carbon Fiber-Based SMC Market by Application [Value from 2018 to 2030]:
• Pickup Box
• Fender
• Door Panel
• Bumpers
• Electrical Housing
• Others
Carbon Fiber-Based SMC Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Carbon Fiber-Based SMC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon fiber-based SMC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon fiber-based SMC companies are profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in the Carbon Fiber-Based SMC Market
• Ford: Collaborating with carbon fiber-based SMC suppliers to develop lightweight components for electric vehicles, aiming to improve energy efficiency and reduce emissions in automotive manufacturing.
• BMW: Investing in carbon fiber-based SMC production for its electric vehicle lineup, aiming to enhance performance and reduce weight, aligning with sustainability goals.
• Toyota: Partnering with carbon fiber-based SMC manufacturers to integrate lightweight components in hybrid vehicles, aiming to improve fuel efficiency and reduce environmental impact.
• BYD: Investing in carbon fiber-based SMC technology for electric buses, targeting enhanced energy efficiency and reduced emissions, contributing to the advancement of green transportation solutions.
Features of the Global Carbon Fiber-Based SMC Market
Market Size Estimates: Carbon fiber-based SMC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Carbon fiber-based SMC market size by various segments, such as product type, modulus, tow size, application, and region in terms of value ($B).
Regional Analysis: Carbon fiber-based SMC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, modulus, tow sizes, applications, and regions for the carbon fiber-based SMC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the carbon fiber-based SMC market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for carbon fiber-based SMC market?
Answer: The global carbon fiber-based SMC market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the carbon fiber-based SMC market?
Answer: The major drivers for this market are ongoing advancements in manufacturing processes for carbon fiber-based SMC, such as compression molding and resin transfer molding (RTM), increasing concerns about environmental sustainability and carbon footprint reduction, as well as, carbon fiber-reinforced SMC offers high strength-to-weight ratio, stiffness, and durability.
Q3. What are the major segments for carbon fiber-based SMC market?
Answer: The future of the global carbon fiber-based SMC market looks promising with opportunities in the pickup box, fender, door panel, bumpers, and electrical housing markets.
Q4. Who are the key carbon fiber-based SMC companies?
Answer: Some of the key carbon fiber-based SMC companies are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which carbon fiber-based SMC market segment will be the largest in future?
Answer: Lucintel forecasts that PAN based is expected to witness higher growth over the forecast period.
Q6. In carbon fiber-based SMC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the carbon fiber-based SMC market by product type (PAN based and pitch based), modulus (standard modulus, intermediate modulus, and high modulus), tow size (small tow (<=24k) and large tow (>24k)), application (pickup box, fender, door panel, bumpers, electrical housing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Carbon Fiber-Based SMC Market Market, Carbon Fiber-Based SMC Market Market Size, Carbon Fiber-Based SMC Market Market Growth, Carbon Fiber-Based SMC Market Market Analysis, Carbon Fiber-Based SMC Market Market Report, Carbon Fiber-Based SMC Market Market Share, Carbon Fiber-Based SMC Market Market Trends, Carbon Fiber-Based SMC Market Market Forecast, Carbon Fiber-Based SMC Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.