Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Resin Type (CFRTP Composites), By Resin Type (PA, PPS, PP, PEI, PEEK, PC), By Application (Exterior, Interior, Chassis, Powertrain & UTH) And Competitive Landscape
Product Code: ETC4611407 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Automotive Carbon Thermoplastic Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 2.9 billion by 2031 |
CAGR | 8.1% |
Growing Sector | Transportation |
Europe Automotive Carbon Thermoplastic Market report thoroughly covers the market By Countries, By Resin Type, By Resin Type and By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Automotive Carbon Thermoplastic Market is poised for significant growth and is expected to reach USD 2.9 billion, growing at a CAGR of around 8.1% from 2025 to 2031. The use of lightweight materials in automobiles has become a major trend in the automotive industry, driven by the need for improved fuel efficiency and reduced emissions.
The Europe Automotive Carbon Thermoplastic Market is one of the fastest-growing sectors in the region, with a substantial expansion in the market and adoption over the past decade. This growth can be attributed to several factors such as stringent emission regulations, increasing focus on lightweight materials for vehicle manufacturing, and rising consumer preference for fuel-efficient vehicles.
According to 6Wresearch, the Europe Automotive Carbon Thermoplastic Market Size is expected to reach a significant CAGR of 8.1 % during the forecast period 2025-2031. This growth is driven by several key factors. One of the major drivers for this is the strict emission standards set by European regulatory bodies. Several automakers are increasingly incorporating these materials into their production processes to meet these regulations. Additionally, there has been a growing trend towards lightweight materials in the automotive industry, driven by the need to improve fuel efficiency and reduce carbon footprint. Carbon thermoplastics offer significant weight savings compared to traditional materials such as steel and aluminum, making them a preferred choice for automakers.
However, despite its instantaneous growth, the Europe automotive carbon thermoplastic industry also faces some challenges. One of the primary challenges is the high cost associated with these materials. The production process for carbon thermoplastics involves complex technology and expensive raw materials, which results in higher production costs. This can be a deterrent for small and medium-sized automakers who may not have the resources to invest in these materials.
The Europe automotive carbon thermoplastic market is witnessing several trends shaping its growth trajectory. One primary trend is the increasing collaboration between automakers and material manufacturers to develop new and innovative carbon thermoplastic products. With the constant pressure to reduce emissions and improve fuel efficiency, there is a growing demand for lightweight materials that can withstand high stress and impact. This resulted in the development of advanced composite solutions.
Another trend is the incorporation of recycled or bio-based materials in carbon thermoplastics. As sustainability becomes a key focus for many industries, including automotive, there is a growing interest in using materials made from renewable sources. This not only helps reduce the carbon footprint of vehicles but also addresses concerns over the limited availability and high cost of traditional raw materials used in carbon thermoplastics.
Investment opportunities are promising in the Europe Automotive Carbon Thermoplastic Market, prompted by the growing need for lightweight and fuel-efficient vehicles. As automakers strive to meet severe emission regulations and consumer preferences for sustainability, the adoption of carbon thermoplastics offers immense potential for investors. The market presents opportunities for manufacturers of carbon fiber and thermoplastic resins to expand their production capacities and develop innovative solutions tailored to the automotive sector.
Furthermore, the integration of carbon thermoplastics in electric vehicles and advancements in autonomous driving technologies open up new avenues for investment. By seizing these opportunities, investors can contribute to the growth and development of the Europe Automotive Carbon Thermoplastic Market while positioning themselves at the forefront of the automotive industry's sustainable transformation.
The Europe Automotive Carbon Thermoplastic Market growth is dominated by several leading players making a significant impact on the market. Some of the key players include SABIC, Solvay SA, Lanxess AG, and BASF SE. These companies have established themselves as major players in the European region and are continuously investing in research and development to stay ahead in the market.
One of the main elements steering their success is their ability to innovate and provide high-quality products that meet the demanding requirements of the automotive industry. These companies have also formed strategic partnerships and collaborations with major automotive manufacturers, enabling them to reach a wider customer base and expand their business.
Government regulations play a crucial role in shaping the Europe Automotive Carbon Thermoplastic Market. As the industry aims for sustainability and decreased environmental impact, governments have implemented regulations and policies to encourage the adoption of carbon thermoplastics in vehicle manufacturing. These regulations aim to promote the use of lightweight materials to improve fuel efficiency and reduce greenhouse gas emissions. Additionally, governments may offer incentives, tax benefits, and subsidies for manufacturers using carbon thermoplastics, further driving market growth. By navigating these regulations effectively, industry players can harness the opportunities presented by the Europe Automotive Carbon Thermoplastic Market while ensuring compliance with environmental and safety standards.
The Europe Automotive Carbon Thermoplastic Market holds immense potential and is expected to experience significant growth in the coming years. As industries increasingly focus on sustainability and the adoption of lightweight materials in vehicle manufacturing, carbon thermoplastics have emerged as a viable solution. This market is projected to benefit from advancements in technology, which are expected to enhance production processes and improve cost efficiency.
The rising demand for electric and hybrid vehicles is another key driver for market growth, as carbon thermoplastics contribute to better fuel efficiency and lower carbon emissions. However, challenges such as high production costs and limited raw material availability must be addressed to fully capitalize on the growth potential of this market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
In the Europe Automotive Carbon Thermoplastic Market, Germany emerges as a dominant player in terms of market share and industry influence. With its robust automotive manufacturing sector and commitment to technological advancements, Germany holds a strong position in the market.
In the Europe Automotive Carbon Thermoplastic Market segment, the category that is currently dominating in terms of resin type is CFRTP Composites. CFRTP (Carbon Fiber Reinforced Thermoplastic) composites offer exceptional strength, lightweight properties, and excellent resistance to heat and chemicals.
According to Dhaval, Research Manager, 6Wresearch, Polyamide (PA) is currently dominating the market. PA is widely used in the automotive industry due to its excellent mechanical properties, including high tensile strength and impact resistance.
According to the recent market research Exterior is currently dominating the market. With its strong demand and wide usage in the automotive industry, carbon thermoplastics are extensively employed in exterior components such as body panels, bumpers, and aerodynamic parts.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Automotive Carbon Thermoplastic Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Automotive Carbon Thermoplastic Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Automotive Carbon Thermoplastic Market - Industry Life Cycle |
3.4 Europe Automotive Carbon Thermoplastic Market - Porter's Five Forces |
3.5 Europe Automotive Carbon Thermoplastic Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Automotive Carbon Thermoplastic Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Europe Automotive Carbon Thermoplastic Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Europe Automotive Carbon Thermoplastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Europe Automotive Carbon Thermoplastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Automotive Carbon Thermoplastic Market Trends |
6 Europe Automotive Carbon Thermoplastic Market, 2021 - 2031 |
6.1 Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.2 Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.3 Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Automotive Carbon Thermoplastic Market, 2021 - 2031 |
7.1 Germany Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.2 Germany Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.3 Germany Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Automotive Carbon Thermoplastic Market, 2021 - 2031 |
8.1 United Kingdom Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.2 United Kingdom Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.3 United Kingdom Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Automotive Carbon Thermoplastic Market, 2021 - 2031 |
9.1 France Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.2 France Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.3 France Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Automotive Carbon Thermoplastic Market, 2021 - 2031 |
10.1 Italy Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.2 Italy Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.3 Italy Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Automotive Carbon Thermoplastic Market, 2021 - 2031 |
11.1 Russia Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.2 Russia Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.3 Russia Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Automotive Carbon Thermoplastic Market, 2021 - 2031 |
12.1 Spain Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.2 Spain Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.3 Spain Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Automotive Carbon Thermoplastic Market, 2021 - 2031 |
13.1 Rest of Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
13.2 Rest of Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
13.3 Rest of Europe Automotive Carbon Thermoplastic Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Automotive Carbon Thermoplastic Market Key Performance Indicators |
15 Europe Automotive Carbon Thermoplastic Market - Opportunity Assessment |
15.1 Europe Automotive Carbon Thermoplastic Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Automotive Carbon Thermoplastic Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.3 Europe Automotive Carbon Thermoplastic Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.4 Europe Automotive Carbon Thermoplastic Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Automotive Carbon Thermoplastic Market - Competitive Landscape |
16.1 Europe Automotive Carbon Thermoplastic Market Revenue Share, By Companies, 2024 |
16.2 Europe Automotive Carbon Thermoplastic Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |