Industria
Automotive Carbon Thermoplastic Market worth $983 million by 2028- Exclusive Report by MarketsandMarkets™
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CF/PEEK composites efficiently offer significant weight reduction in automotive components as compared to other conventional metals and alloys. By using CF/PEEK, manufacturers can easily produce a wide range of complex shapes more quickly and easily as compared to other thermoplastic resins. The potential to consolidate and integrate multiple components ultimately results in the reduced part count of the automobiles. CF/PEEK composites are successfully replacing metals and other alternative products with various automotive components such as bearings, bushing, fastening systems, seal rings, washers, and many other high temperature tolerating parts.
The exterior applications dominated the global automotive carbon thermoplastic market. CFRTP is widely used in various applications such as hoods, roofs, doors, fenders, deck-lid, front-end, and many others. Despite their cost, there is little economic incentive to attempt repairs on such parts, and this is unlikely to change in high-volume applications. CFRTP products offer various advantages such as weight reduction, design flexibility, corrosion resistance, durability, impact resistance, and high aerodynamic performance stability as compared to other traditional materials.
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In North America , the growth of CFRTP composites in the automotive industry is driven by recent technological innovations in the use of thermoplastics composites in the automotive industry. Also, the market is driven by capacity expansions, joint ventures, and partnerships of various leading market players in the product supply chain to meet the growing demand of CFRTP composites from the rapidly developing automotive industry.
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Prominent companies in the automotive carbon thermoplastic market include BASF SE ( Germany ), Solvay ( Belgium ), Avient Corporation (US), Celanese Corporation (US), Toray Industries, Inc. ( Japan ), Teijin Limited ( Japan ), Mitsubishi Chemical Group Corporation ( Japan ), SGL Carbon ( Germany ), Asahi Kasei Corporation ( Japan ), CompLam Material Co., Ltd. ( Taiwan ), Ensinger ( Germany ), Jiangsu QIYI Technology Co., Ltd. ( China ) and others.
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