Skip to content
MarketScale
‹ Back to IndustriesEngineering & Construction

Carbon Fiber Prices Drop, Impact to Automotive Industry Is Huge

In the automotive industry, carbon fiber, a composite material, is important to production. It’s also often more expensive than steel. But the growing use of carbon fiber over steel represents the industry’s pursuit of lighter cars that are more fuel efficient in order to bring more value to their customers. This need coincides with the…

This story was produced through MarketScale. See how Engineering & Construction teams put it to work with Partner & Channel Enablement.

Share
Carbon Fiber Prices Drop, Impact to Automotive Industry Is Huge

In the automotive industry, carbon fiber, a composite material, is important to production. It’s also often more expensive than steel. But the growing use of carbon fiber over steel represents the industry’s pursuit of lighter cars that are more fuel efficient in order to bring more value to their customers. This need coincides with the expected price decrease of the material by as much as 90 percent within the coming years. This dramatic decrease, determined by a MAI Carbon Cluster Management GmbH study and reported by Composites Manufacturing Magazine,[1] is poised to have a huge impact on automotive manufacturing.

As the manufacturer’s demand for carbon fiber grows, they’ll need necessary tools to meet those demands. Tools, such as those provided by Magnum Venus Products (MVP). As part of the carbon fiber ecosystem, it is crucial to further discuss what is happening in the market and the growing evolution therein.

Carbon Fiber Will Become the Choice Over Metals

Carbon fiber-reinforced plastics (CFRPs) have exceptional strength to weight ratio, meaning it is both lightweight and durable. Due to this, the use of CFRP over heavier metals is gaining popularity.

With more carbon fiber usage at lower costs, auto manufacturers will have the opportunity to increasingly replace traditional steel parts more and more. Replacing steel with these materials makes the car lighter and able to achieve better gas mileage, which in turn reduces the amount of carbon dioxide in the atmosphere. This urgency to build lighter cars for better gas economy is prompted by the need to meet Corporate Average Fuel Efficiency (CAFE) standards of 54.5 mpg by 2025.

Leveraging carbon fiber allows for new, creative innovation in car manufacturing. With this need to be creative in replacing metals and other materials, new molds and tools will become necessary. MVP is here to meet that need.

What Will Carbon Fiber Replace?

The reduction in weight by using carbon fiber could be as much as 25 to 70 percent compared to metals. Now and for the immediate future, carbon fiber is best suited for closures like doors, lift gates, and hoods, although other structures that could see an influx of carbon fiber usage include seats and instruments as well. By 2020 and beyond, the volume of CFRP used in cars and trucks could well outpace any other applications, according to the study Carbon Fibers: History, Players and Forecast 2020.[2]

Making the Shift by 2020

For the automotive industry to shift to lighter weights and better fuel mileage, heavier parts need to be replaced with comparable materials. In looking at what is light in weight but still robust, carbon fiber and other composites materials are a great choice as replacements. With prices coming down for this material, automotive manufacturers will increasingly use it more and more.

MVP, as a provider of composite application equipment, is excited for what this means for the future of car manufacturing. As the automotive sector continues to increase its carbon fiber usage, MVP will have the tools necessary to best meet those needs.

Read more at mvpind.com

[2] http://www.jeccomposites.com/e-store/carbon-fibres-history-players-and-forecast-to-2020-digital-edition

Engineering & Construction: are you visible to AI?

Before they reach out, Engineering & Construction buyers ask AI engines which vendors to trust. See how AI describes your company today, and where competitors show up instead.

Free workspace

You just read one expert. Imagine publishing your whole team.

This article was produced through MarketScale. Create a free workspace and turn your own team's expertise into articles, video, and social posts. No credit card, no demo required.

NPS +73 · 1,000+ creators · 38+ countries

What you get, free

Your own MarketScale Studio workspace
One video edit a month, on us
AI writing, editing, and publishing tools
In-platform coaching to learn the system

More Engineering & Construction Insights

Data center demand, labor gaps, and material costs define commercial construction in Q1 2026

Data center demand, labor gaps, and material costs define commercial construction in Q1 2026

The Q1 2026 Commercial Construction Index by CBIZ highlights increasing data center construction, ongoing labor shortages, and escalating material costs as primary concerns in the commercial construction sector. These elements exert significant pressure on the industry, affecting project timelines and budgets.

  • 01Data center construction projects are rapidly increasing.
  • 02The labor shortage in the construction industry remains persistent.
  • 03Material costs are continuously rising, impacting overall project expenses.

Jul 16, 2026

DOE's Advanced Building Construction Initiative targets construction's productivity gap

DOE's Advanced Building Construction Initiative targets construction's productivity gap

The Department of Energy's Advanced Building Construction (ABC) Initiative aims to address the productivity gap in the construction industry by promoting off-site manufacturing and digitization. The initiative seeks to reduce construction costs and speed up energy-efficient retrofits across 125 million U.S. buildings.

  • 01The DOE's ABC Initiative targets the productivity gap in construction by promoting off-site manufacturing.
  • 02Digitization is a key focus of the ABC Initiative to reduce costs and accelerate retrofits.
  • 03The initiative aims to impact 125 million buildings in the United States.

Jul 16, 2026

Y Combinator's 2026 construction and proptech cohort targets the industry's costliest operational bottlenecks

Y Combinator's 2026 construction and proptech cohort targets the industry's costliest operational bottlenecks

A cohort of 44 Y Combinator-backed startups is addressing significant issues in the real estate and construction sectors. These startups are focusing on challenges such as underground utility mapping and AI-driven permitting processes.

  • 0144 Y Combinator-backed startups are targeting key bottlenecks in the real estate and construction industry.
  • 02The startups focus on innovations like underground utility mapping and AI-driven permitting.
  • 03These initiatives aim to tackle costliest operational challenges in the construction sector.

Jul 16, 2026

Explore More Engineering & Construction Insights

Read more expert perspectives from across Engineering & Construction.

Browse Engineering & Construction Hub

For B2B teams

Your experts could be publishing here

Stories like this one run on content MarketScale captures from real practitioners. See how your team's expertise becomes coverage in Engineering & Construction and beyond.

Book a 15-minute demo

Or call us. No forms required. We pick up. 214-945-2512