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The carbon fiber in the automotive composites market size is estimated to grow by USD 173.1 million at a CAGR of 5.72% between 2023 and 2028. The market is experiencing significant growth due to the excellent properties exhibited by carbon fiber, including a high strength-to-weight ratio, superior corrosion resistance, and excellent thermal stability. These properties make carbon fiber an ideal material for automotive applications, particularly in the production of lightweight and fuel-efficient vehicles. Additionally, developments in the automotive industry, such as the increasing demand for electric and hybrid vehicles, are driving the adoption of carbon fiber composites to reduce vehicle weight and improve overall performance. However, the high costs associated with carbon fiber production and processing remain a major challenge for market growth. Despite this, ongoing research and advancements in manufacturing technologies are expected to drive down costs and increase the affordability of carbon fiber composites, making them a more viable option for mass-market automotive applications.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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