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Germany Automotive Carbon Fiber Composites Market Size, Share, Trends, Forecast: By Production Type: Hand Layup, Resin Transfer Moulding, Vacuum Infusion Processing, Injection Moulding, Compression Moulding; By Application: Structural Assembly, Powertrain Component, Interior, Exterior, Others; Competitive Landscape; 2024-2032
Germany Automotive Carbon Fiber Composites Market Outlook
The Germany automotive carbon fiber composites market size is projected to grow at a CAGR of 10.2% between 2024 and 2032. The market is being driven by the growing demand for lightweight materials in vehicles.
Key Trends in the Market
Carbon fiber composites are carbon compounds that are made by combining carbon fiber with a resin such as vinyl ester or epoxy. Carbon composites are known for their high strength, lightweight, and durability, making them an excellent alternative to heavy metals like steel. Carbon composites are corrosion-resistant and are used in various sectors, including automotive, transportation, healthcare, energy, and infrastructure.
- As per the Germany automotive carbon fiber composites market analysis, automobile export from the country is significantly increasing. The automotive sector in Germany is growing owing to the superior product quality of vehicles, world-class engineering, and increasing public and private investments toward the development of the latest automobile technologies. Carbon fiber composites offer a high strength-to-weight ratio and impact and corrosion resistance, hence they are widely used in automobiles.
- The rising environmental consciousness among the masses, coupled with the rising prices of fuels, has led to a surge in the demand for electric vehicles. This has led to an increase in the demand for a strong, durable, and lightweight material that can be used in electric vehicles to reduce dependence on petrol and diesel automobiles. Carbon fiber has emerged as a popular choice among manufacturers in Germany to manufacture various parts of electric vehicles.
- Technological advancements in the automotive sector further support the Germany automotive carbon fiber composites market growth. The emergence of 3D technology in manufacturing assists in the efficient, cost-effective, swift, and accurate production of required components made with carbon composites. Additionally, 3D technology, by reducing operational costs, allows the use of carbon composites in industrial and commercial vehicles.
Market Analysis
Based on production type, the market is segmented into hand layup, resin transfer moulding, vacuum infusion processing, injection moulding, and compression moulding. Based on application, the Germany automotive carbon fiber composites market segmentation includes structural assembly, powertrain assembly, interior, and exterior, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Germany automotive carbon fiber composites market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BASF SE
- SGL Carbon SE
- Solvay Group
- Toray Industries, Inc.
- BMW AG
- Hexcel Corporation
- Teijin Limited
- Voith GmbH & Co. KGaA
- Muhr und Bender KG
- Cotesa GmbH
- Others
Market Share by Production Type
Hand layup is expected to hold a significant portion of the Germany automotive carbon fiber composites market share over the forecast period as it is one of the widely used carbon fiber production methods. It involves stacking dried carbon fiber sheets in a mould with resin applied between them. After that, layers are debulked to remove any air trapped between the layers.
Meanwhile, the injection moulding segment is expected to witness steady growth over the forecast period as it is an automated process that can quickly produce large volumes of carbon fiber.
Market Share by Application
Carbon fiber composites are extensively used in the structural assembly of automobiles as they offer high durability and impact resistance. The lightweight properties of carbon fiber composites help to considerably reduce the overall automobile weight, resulting in better fuel efficiency and reduced carbon emission. The introduction of stringent government regulations aimed at reducing carbon footprints from automobiles is expected to be one of the major Germany automotive carbon fiber composites market trends in the coming years.
Competitive Landscape
BASF SE is a European multinational company founded in 1865 and headquartered in Ludwigshafen, Germany. The company is one of the largest chemical manufacturers in the world. BASF has been serving customers in more than 190 countries around the globe, providing products for various sectors, including automobiles.
SGL Carbon SE is a German company that started its operations in 1992 and deals in the manufacturing of carbon products. The company is one of the world's leading producers of carbon-based products. The company covers the entire integrated supply chain for carbon fiber.
Solvay Group is a Belgium-based company that deals in chemicals and plastics. Headquartered in Neder-Over-Heembeek, Brussels, the company was founded in 1863. Solvay offers a wide range of carbon fiber products that deliver superior structural, thermal, electrical, and frictional performance.
Other Germany automotive carbon fiber composites market players include Toray Industries, Inc., BMW AG, Hexcel Corporation, Teijin Limited, Voith GmbH & Co. KGaA, Muhr und Bender KG, and Cotesa GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Production Type |
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| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Carbon Fiber Composites Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Carbon Fiber Composites Historical Market (2018-2023)
8.3 Global Automotive Carbon Fiber Composites Market Forecast (2024-2032)
8.4 Global Automotive Carbon Fiber Composites Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Germany Automotive Carbon Fiber Composites Market Overview
9.1 Key Industry Highlights
9.2 Germany Automotive Carbon Fiber Composites Historical Market (2018-2023)
9.3 Germany Automotive Carbon Fiber Composites Market Forecast (2024-2032)
10 Germany Automotive Carbon Fiber Composites Market by Production Type
10.1 Hand Layup
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Resin Transfer Moulding
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Vacuum Infusion Processing
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Injection Moulding
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Compression Moulding
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Germany Automotive Carbon Fiber Composites Market by Application
11.1 Structural Assembly
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Powertrain Component
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Interior
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Exterior
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BASF SE
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 SGL Carbon SE
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Solvay Group
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Toray Industries, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 BMW AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Hexcel Corporation
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Teijin Limited
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Voith GmbH & Co. KGaA
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Muhr und Bender KG
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Cotesa GmbH
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Carbon Fiber Composites Market: Key Industry Highlights, 2018 and 2032
2. Germany Automotive Carbon Fiber Composites Market: Key Industry Highlights, 2018 and 2032
3. Germany Automotive Carbon Fiber Composites Historical Market: Breakup by Production Type (USD Million), 2018-2023
4. Germany Automotive Carbon Fiber Composites Market Forecast: Breakup by Production Type (USD Million), 2024-2032
5. Germany Automotive Carbon Fiber Composites Historical Market: Breakup by Application (USD Million), 2018-2023
6. Germany Automotive Carbon Fiber Composites Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Germany Automotive Carbon Fiber Composites Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 10.2% between 2024 and 2032.
The major market drivers are the robust growth of the automotive sector and the growing demand for strong and lightweight materials for automobiles.
The key trends in the market include the growing inclination towards electric cars among the masses and stringent government regulations aimed at reducing carbon emissions from vehicles.
The different production types of automotive carbon fiber composites are hand layup, resin transfer moulding, vacuum infusion processing, injection moulding, and compression moulding.
The different applications of the product are structural assembly, powertrain assembly, interior, and exterior, among others.
The key players included in the market report are BASF SE, SGL Carbon SE, Solvay Group, Toray Industries, Inc., BMW AG, Hexcel Corporation, Teijin Limited, Voith GmbH & Co. KGaA, Muhr und Bender KG, and Cotesa GmbH, among others.
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