INDORE, India, November 17, 2016 /PRNewswire/ -- Carbon thermoplastic in automotive market is growing with a CAGR of 30.1% owing to rising demand for the fuel-efficient vehicles that is pushing the growth in the global automotive industry. The dramatic increase in the production of light weight vehicles across the globe is expected to boost the growth in the global carbon thermoplastic in automotive market. In 2015, globally around 69 million cars were produced, out of which around 18 million cars were produced in North America only. North America dominates the global market and held around 36% of revenue share in 2015. Whereas, Asia Pacific is growing impressively owing to growing automotive industry across the region due to increasing demand for fuel efficient vehicles in various countries such as India, China, Korea and many others. (Logo: http://photos.prnewswire.com/prnh/20161024/431641LOGO ) To have a brief overview of the report please click on the following linkhttp://www.occamsresearch.com/Carbon-Thermoplastic-Market-in-AutomotiveGrowingautomotiveindustry:The Silver Line With the advent of new technology in the as advent of IoT, automated cars, etc. automotive industry, and growing price of petrol across the globe is increasing the demand for the fuel-efficient vehicles. In 2015, around 24 million units of light weight vehicles are sold in China only, whereas in North America around 20 million, and in Europe around 19 million units were sold. These numbers are expected to rise to 31.7 million in China, 21.4 million in Europe and 22 million in North America by the end of 2018. The growing automobile production in the emerging countries is one of the major factor which is increasing the growth in the automotive market of emerging countries. In Asia, China is the biggest manufacturer, in 2015 China has produced around 35 million cars which is the largest in the world and consumer of light weight vehicles. Thus, the growing technological upgradation in the automotive industry is creating the demand for light weight and fuel efficient cars across the globe.