According to a new market report published by Lucintel, the future of Global Automotive Composites Carbon Fiber Market looks promising with opportunities in various applications, including exterior, power train system, under body system, chassis system, pressure vessel, interior, and others. Global automotive composites carbon fiber market is forecast to grow at a CAGR of 10.4% from 2016 to 2021. The major growth drivers for this market are increasing automotive production and growing demand for lightweight materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions. Other major growth drivers include the growing demand for carbon fiber-reinforced plastics (CFRP) in luxury cars, race cars and other high-performance cars.