Automotive Carbon Thermoplastics Market Growth Analysis-2020

Posted by rohan on December 2nd, 2020

Automotive Carbon Thermoplastics Market Overview:

The Automotive Carbon Thermoplastics market size is anticipated to reach USD 557.7 million by 2025, registering a CAGR of 31.45% during the forecast period 2020 and 2025. Carbon thermoplastics in automotive industry are widely preferred due to properties such as design flexibility, light weight, durability and uniformity area. Helps reduce vibration, noise and weight, covers engine, manufactures one-piece clutch cylinders, shifter housings, and accelerator and parking brake pedals, air intake manifolds, modification control cables and components of the fuel system and cooling system. Carbon thermoplastics are the most useful for improving fuel efficiency and reducing vehicle weight. Carbon thermoplastics are also used on the roof, body, trunk lid or deck cover, doors, hood, fenders and more. Automotive carbon thermoplastics are primarily used in exterior automotive manufacturing parts, such as hoods, roofs, doors, body blanks, and caps. Provides properties such as toughness, strength and lightness to automotive manufacturing parts.

Automotive Carbon Thermoplastics Market drivers and restraints:

In countries such as China, India and Japan, they constitute the major market for the automotive sector. For example, in these countries there is continued growth in the automotive manufacturing sector. Due to the characteristic of carbon fiber to make vehicles more efficient in reducing vehicle weight, vibration and noise. Thermoplastic composites have exceptional characteristics, which makes them increasingly valuable in many industries as a substitute for metal. The aim is to develop vehicles that are lighter, consume less fuel and emit less CO2. For this reason, the demand for carbon thermoplastics will increase. Governments around the world are focusing on putting electric and solar vehicles on the roads to reduce pollution. With more and greener vehicles, the market for carbon thermoplastics for cars will grow. For example, Tata Motors launched hybrid and electric Starbus from its factories in Pune as part of its zero-emission mass transit solution. For this reason, government regulations will indirectly promote the automotive carbon thermoplastics market. Carbon fiber reinforced parts are light, strong, and strong structural parts and are important in reducing the weight of cars. But the high cost of carbon fiber compared to other fibers (glass, natural) used in the manufacture of various automotive components is one of the main challenges in this market, as small auto parts industries will suffer from purchases the high price of carbon Fibers. In addition, the concerns of automakers about providing a recycling or waste disposal system for carbon composite parts are also difficult.

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