Automotive Carbon Fiber Composites Market Share

Market Share of Automotive Carbon Fiber Composites Industry

The automotive carbon fiber market is dominated by several key players, such as Hexcel Corporation, Mitsubishi Chemical Group, SGL Carbon SE, Teijin Limited, and Toray Industries Inc. The demand is on the positive side, attributed to strong expansion and growth strategies adopted by leading carbon fiber manufacturers. For instance,

• In November 2023, Carbon Revolution, one of the leading carbon fiber companies in Australia, expanded its manufacturing facility in Mexico. Through this expansion, the company expanded its carbon-fiber wheel services across the country.
• In October 2023, Mitsubishi Chemical Group and Honda Motor Company jointly developed polymethyl methacrylate, also called acrylic resin material for automotive body parts. The new material will be used in vehicle doors, hoods, fenders, and other automotive body parts.

Automotive Carbon Fiber Composites Market Leaders

1. Toray Industries Inc.

2. Hexcel Corporation

3. SGL Carbon SE

4. Teijin Limited

5. Mitsubishi Chemical Corporation.

*Disclaimer: Major Players sorted in no particular order