Market Trends of Canada Automotive Carbon Fiber Composites Industry
Interior is Projected to Grow at an Exponential Rate
Carbon fiber in interiors has gained immense popularity in recent years and is expected to grow at an exponential rate in the future. The innovations in automotive technology have changed the entire industry, with the recent trend, such as using lightweight materials like carbon fiber for the interior design of vehicles that includes steering wheels, gear knobs, dashboards, and seats.
It makes vehicles more efficient in terms of fuel, lighter, and, at the same time, safer. The bonded carbon fiber fabric is a new technology manufacturers and car automakers use today. It has the advantages of convenient construction, high efficiency, light, and thinness, and hardly increases weight and thickness after bonding.
The laminates used in interiors are very sturdy because a lot of pure carbon threads are woven into them. In addition, carbon laminates make the car's interior look fancy and stylish.
People are attracted to and demand the appearance of carbon fiber interiors, which leads to the high usage of these materials for cosmetic applications. Moreover, manufacturers of high-performance vehicles change several interior parts with carbon fiber, which saves additional weight. Also, the carbon fiber interior makes it look good, elegant, and stylish.
In the interior segment, carbon-fiber dash kits are one of the most popular interior customization accessories, and they are in demand due to their various customization and tuning properties.
The Canadian government is pursuing to reach new vehicle sales of 60% zero-emission vehicles by 2030 and 100% by 2035.
With the enactment of stringent emission norms and fuel economy standards in the region, automobile manufacturers in Canada, such as BMW, Volkswagen, and Audi, have started using carbon fiber composites in the manufacturing of their vehicles. For example,
With various models like Model 3 and Model Y in Canada, Tesla has a Tesla Carbon Fiber Interior Wrap Kit Sticker For Model 3.
Exterior Holds the Highest Share
Carbon fiber parts are lighter than steel and sheet metal, making them ideal for use in vehicle exteriors to reduce weight.
The carbon fiber material for some exterior parts, like the roof, the hood, or the aerodynamic elements of the car, is in great demand.
Companies focus on launching carbon fiber body kits with aesthetic appeal features to make the car look much better. The other features include heat resistance, durability, the ability to produce parts in any desired shape, and corrosion resistance.
Also, the active participation of car enthusiasts and users of premium sports and racing cars in enhancing the overall performance of the market through aerodynamic kits, bumper tuning, etc., require customized body kits that are easily manufactured with carbon fiber, making exterior applications hold the highest share. Thus, companies use carbon fiber in high-end sports cars and the latest models. For example,
In August 2023, Ford Motor Co. debuted a USD 3,00,000, 800-horsepower Mustang, with an exterior made of mostly carbon fiber and a supercharged V8 engine, included in production in Markham, Canada.
