| Product Code: ETC8618923 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continues to rely on import shipments of automotive carbon fiber composites, with the UK, China, India, Germany, and the USA leading as the top exporting countries. Despite the high concentration with a very high Herfindahl-Hirschman Index (HHI), the industry has shown steady growth with a compound annual growth rate (CAGR) of 2.35% from 2020 to 2024. However, the growth rate experienced a significant decline of -77.82% from 2023 to 2024, indicating potential challenges or shifts in the market dynamics.

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 Nigeria Automotive Carbon Fiber Composites Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Automotive Carbon Fiber Composites Market - Industry Life Cycle |
3.4 Nigeria Automotive Carbon Fiber Composites Market - Porter's Five Forces |
3.5 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Nigeria Automotive Carbon Fiber Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in the automotive industry to improve fuel efficiency and performance |
4.2.2 Growing focus on sustainability and reducing carbon emissions driving the adoption of carbon fiber composites |
4.2.3 Technological advancements leading to cost reductions and enhanced properties of carbon fiber composites |
4.3 Market Restraints |
4.3.1 High initial investment and production costs associated with carbon fiber composites |
4.3.2 Limited availability of raw materials and manufacturing expertise in Nigeria |
4.3.3 Concerns regarding recyclability and end-of-life disposal of carbon fiber composites |
5 Nigeria Automotive Carbon Fiber Composites Market Trends |
6 Nigeria Automotive Carbon Fiber Composites Market, By Types |
6.1 Nigeria Automotive Carbon Fiber Composites Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Application Type, 2021- 2031F |
6.1.3 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Structural Assembly, 2021- 2031F |
6.1.4 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Power-train Components, 2021- 2031F |
6.1.5 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Interior, 2021- 2031F |
6.1.6 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Exterior, 2021- 2031F |
6.1.7 Nigeria Automotive Carbon Fiber Composites Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Automotive Carbon Fiber Composites Market Import-Export Trade Statistics |
7.1 Nigeria Automotive Carbon Fiber Composites Market Export to Major Countries |
7.2 Nigeria Automotive Carbon Fiber Composites Market Imports from Major Countries |
8 Nigeria Automotive Carbon Fiber Composites Market Key Performance Indicators |
8.1 Percentage increase in research and development investment in carbon fiber composite technologies |
8.2 Number of partnerships or collaborations between automotive manufacturers and carbon fiber composite suppliers |
8.3 Percentage growth in the adoption of carbon fiber composites in different automotive applications |
8.4 Average time to market for new carbon fiber composite automotive components |
8.5 Number of patents filed for innovations in carbon fiber composite manufacturing techniques |
9 Nigeria Automotive Carbon Fiber Composites Market - Opportunity Assessment |
9.1 Nigeria Automotive Carbon Fiber Composites Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 Nigeria Automotive Carbon Fiber Composites Market - Competitive Landscape |
10.1 Nigeria Automotive Carbon Fiber Composites Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Automotive Carbon Fiber Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |