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Chinese Carbon Fiber Market

China has emerged as a major player in the global carbon fiber market, driven by its robust manufacturing capabilities, technological advancements, and increasing demand from various industries. Carbon fiber, a lightweight and high-strength material, finds extensive applications in sectors such as aerospace, automotive, energy, and sports equipment. This report provides a comprehensive analysis of the carbon fiber market in China, including its market size, share, analysis, and key manufacturers.

Market Overview of Carbon Fiber Market in China

According to Lucintel, the carbon fiber market in China has experienced significant growth in recent years, propelled by the country's rapid industrialization and focus on technological advancements. China has emerged as one of the leading producers and consumers of carbon fiber globally. The market is driven by the increasing demand from industries such as aerospace, automotive, wind energy, and sporting goods. Carbon fiber's unique properties, including high strength, low weight, and excellent corrosion resistance, make it a preferred choice in these sectors.

The carbon fiber market in China has witnessed remarkable growth, contributing a substantial market share to the global carbon fiber industry. The country's manufacturing capabilities, government support, and investments in research and   development have propelled its market size. China's dominance in the carbon fiber market can be attributed to the presence of key manufacturers, extensive production capacities, and growing demand from domestic and international markets.

A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. 

Trends and Forecasts for Carbon Fiber Market in China: 2017-2028 (US $M)
(Randomized Data)

Trends and Forecasts for Carbon Fiber Market in China
Carbon Fiber Market in China by Segment: 2017-2028 (US $M)
(Randomized Data)

Carbon Fiber Market in China by Segment

Market Analysis of Carbon Fiber Market in China

The carbon fiber market in China is characterized by increasing investments in production facilities, research and development activities, and advancements in manufacturing technologies. The market analysis highlights the following key factors:

Growing Demand in Aerospace and Aviation: China's aerospace industry has witnessed significant growth, driving the demand for carbon fiber materials. Carbon fiber composites are extensively used in aircraft components, such as wings, fuselages, and interiors, due to their high strength, lightweight, and fuel efficiency advantages.

Automotive Sector: The automotive industry in China has embraced carbon fiber materials to enhance vehicle performance, fuel efficiency, and safety. Carbon fiber-reinforced composites are utilized in the production of lightweight components, including chassis, body panels, and interiors, contributing to reduced fuel consumption and emissions.

Wind Energy Applications: China's renewable energy sector has seen substantial growth, with wind power being a significant contributor. Carbon fiber materials are used in wind turbine blades, offering higher strength, stiffness, and fatigue resistance, enabling efficient power generation.

Sporting Goods: China has become a manufacturing hub for sporting goods, including bicycles, tennis rackets, golf clubs, and fishing rods, which extensively use carbon fiber materials. The market demand for lightweight and high-performance sports equipment has further fueled the growth of the carbon fiber market.

Carbon Fiber Market in China by Segment

The study includes the market size and forecast for the for the carbon fiber market in China by end use industry, precursor, tow size, and modulus as follows:

Carbon Fiber Market by End Use Industry [Volume (M lbs) and $M shipment analysis for 2017 – 2028]: 

  • Aerospace
  • Commercial
  • Defense 
  • Regional Jets 
  • Helicopter
  • General Aviation
  • Space
  • Industrial
  • Transportation/Automotive 
  • Wind Energy
  • Electrical and Electronics (E&E)
  • Civil/Construction
  • Marine
  • Others 
  • Sporting Goods 
  • Golf 
  • Fishing Pole 
  • Racket
  • Skis, Snowboards and Other Winter Games 
  • Others 

Carbon Fiber Market by Precursor Type [Volume (M lbs) and $M shipment analysis for 2017 – 2028]: 

  • PAN Based Carbon Fiber
  • Pitch Based Carbon Fiber
 

Carbon Fiber Market by Tow Size [Volume (M lbs) shipment analysis for 2017 – 2028]: 

  • Small Tow (≤24k)
  • Large Tow(<24k)
 

Carbon Fiber Market by Modulus [Volume (M lbs) shipment analysis for 2017 – 2028]: 

  • Standard
  • Intermediate
  • High

Carbon Fiber Manufacturers in China

The carbon fiber market in China is supported by several key manufacturers that contribute significantly to its growth and development. Some of the prominent carbon fiber manufacturers in China include:

  • Hengshi Group Co., Ltd.
  • Jiangsu Hengshen Fiber Material Co., Ltd.
  • Weihai Guangwei Composites Co., Ltd.
  • SGL Carbon (China) Company Ltd.
  • Toray Carbon Fibers (China) Co., Ltd.
  • Zhongfu Shenying Carbon Fiber Co., Ltd.
  • Shanghai Petrochemical Company Limited
  • Jilin Carbon Fiber Co., Ltd.
  • Sinosteel Jilin Carbon Co., Ltd.
  • Jinzhou Industrial Park Jinzhou Carbon Co., Ltd.

These manufacturers have established advanced production facilities, research centers, and collaborations to meet the growing demand for carbon fiber materials within China and abroad. They focus on technological advancements, product innovation, and quality assurance to maintain a competitive edge in the market.

Features of the Carbon Fiber Market in China

Some of the features of “Opportunities for the Carbon Fiber Market in China 2017-2028: Trends, Forecast, and Opportunity Analysis” include:
  • Market size estimates: Carbon fiber market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
  • Trend and forecast analysis: Market trend (2017-2022) and forecast (2023-2028) by end use industry, precursor, tow size, and modulus.
  • Segmentation analysis: Carbon fiber market size by end use industry (aerospace, industrial and sporting goods), precursor type, tow size, modulus in terms of value in China.
  • Growth opportunities: Analysis on growth opportunities in different end use industry, precursor, tow size, and modulus of carbon fiber in China.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Frequently Asked Questions (FAQ)

Q1: What is the current size of the Chinese carbon fiber market?
Answer: To know market size (trends and forecasts), market share, regional insights, drivers and challenges for the Chinese carbon fiber market contact us at +1 972 636 5056 or write us at
helpdesk@lucintel.com.
Q2: What are the major applications of carbon fiber in China?
Answer: Carbon fiber is widely used in various industries in China. Major applications include aerospace, automotive, wind energy, sports and leisure, construction, and electronics. It is valued for its high strength, light weight, and excellent corrosion resistance.
Q3: Who are the key players in the Chinese carbon fiber market?
Answer: The Chinese carbon fiber market is dominated by several key players, including Weihai Guangwei Composites Co., Ltd., Jiangsu Hengshen Fiber Material Co., Ltd., Zhongfu Shenying Carbon Fiber Co., Ltd., and Toray Carbon Fibers (China) Co., Ltd.
Q4: What factors are driving the growth of the Chinese carbon fiber market?
Answer: Several factors contribute to the growth of the Chinese carbon fiber market. These include the increasing demand for lightweight materials in industries such as aerospace and automotive, government initiatives promoting renewable energy and energy efficiency, and advancements in carbon fiber production technologies.

This report answers following 7 key questions

Q.1. What are some of the most promising potential, high-growth opportunities for the carbon fiber market in China by end use industry (aerospace, industrial and sporting goods), precursor type, tow size, modulus?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges of the carbon fiber market?
Q.4. What are the business risks and threats to the carbon fiber market?
Q.5. What are emerging trends in this carbon fiber market and the reasons behind them? 
Q.6. What are some changing demands of customers in the carbon fiber market?
Q.7. What are the new developments in the carbon fiber market? Which companies are leading these developments?

Related Reports


Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Trends (2017-2022) and Forecast (2023-2028) for Carbon Fiber Market in China
3.3: Trends (2017-2022) and Forecast (2023-2028) for Carbon Fiber Market in China by End Use Industry
3.3.1: Aerospace
3.3.1.1: Commercial
3.3.1.2: Defense
3.3.1.3: Regional Jets
3.3.1.4: Helicopter
3.3.1.5: General Aviation
3.3.1.6: Space
3.3.2: Industrial
3.3.2.1: Transportation/Automotive
3.3.2.2: Wind Energy
3.3.2.3: Electrical and Electronics (E&E)
3.3.2.4: Civil/Construction
3.3.2.5: Marine
3.3.2.6: Others
3.3.3: Sporting Goods
3.3.3.1: Golf
3.3.3.2: Fishing Pole
3.3.3.3: Racket
3.3.3.4: Skis, Snowboards and Other Winter Games
3.3.3.5: Others
3.4: Trends (2017-2022) and Forecast (2023-2028) for Carbon Fiber Market in China by Precursor
3.4.1: Polyacrylonitrile (PAN) Based
3.4.2: Pitch Based Precursor
3.5: Trends (2017-2022) and Forecast (2023-2028) for Carbon Fiber Market in China by Tow Size
3.5.1: Small Tow (<24k)
3.5.2: Large Tow (>24k)
3.6: Trends (2017-2022) and Forecast (2023-2028) for Carbon Fiber Market in China by Modulus
3.6.1: Standard Modulus
3.6.2: Intermediate Modulus
3.6.3: High Modulus
 
4. Competitor Analysis
4.1: Market Share Analysis
4.2: Porter’s Five Forces Analysis
 
5. Growth Opportunities (2017-2028) and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunities (2017-2028) for the Carbon Fiber Market in China by End Use Industry
5.1.2: Growth Opportunities (2017-2028) for the Carbon Fiber Market in China by Precursor
5.1.3: Growth Opportunities (2017-2028) for the Carbon Fiber Market in China by Tow size
5.1.4: Growth Opportunities (2017-2028) for the Carbon Fiber Market in China by Modulus
5.2: Emerging Trends in the Carbon Fiber Market

6. Company Profiles of Leading Players
.

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25 figures/charts and 12 tables are provided in this 60-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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