Report Feature
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)
Carbon Fiber Market in China by Segment: 2017-2028 (US $M)
(Randomized Data)
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:
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 $M shipment analysis for 2017 – 2028]:
- PAN Based Carbon Fiber
- Pitch Based Carbon Fiber
Carbon Fiber Market by Tow Size [Volume (M lbs) shipment analysis for 2017 – 2028]:
- Small Tow (≤24k)
- Large Tow(<24k)
Carbon Fiber Market by Modulus [Volume (M lbs) shipment analysis for 2017 – 2028]:
- Standard
- Intermediate
- High
Carbon Fiber Manufacturers in China
The carbon fiber market in China is supported by several key manufacturers that contribute significantly to its growth and development. Some of the prominent carbon fiber manufacturers in China include:
- Hengshi Group Co., Ltd.
- Jiangsu Hengshen Fiber Material Co., Ltd.
- Weihai Guangwei Composites Co., Ltd.
- SGL Carbon (China) Company Ltd.
- Toray Carbon Fibers (China) Co., Ltd.
- Zhongfu Shenying Carbon Fiber Co., Ltd.
- Shanghai Petrochemical Company Limited
- Jilin Carbon Fiber Co., Ltd.
- Sinosteel Jilin Carbon Co., Ltd.
- Jinzhou Industrial Park Jinzhou Carbon Co., Ltd.
These manufacturers have established advanced production facilities, research centers, and collaborations to meet the growing demand for carbon fiber materials within China and abroad. They focus on technological advancements, product innovation, and quality assurance to maintain a competitive edge in the market.
Features of the Carbon Fiber Market in China
- Market size estimates: Carbon fiber market size estimation in terms of value ($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.
Table of Contents
Methodology
- 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.
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Key Questions
- • 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?
- • Which segments will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the drivers and challenges of the carbon fiber market?
- • What are the business risks and threats to the carbon fiber market?
- • What are emerging trends in this carbon fiber market and the reasons behind them?
- • What are some changing demands of customers in the carbon fiber market?
- • What are the new developments in the carbon fiber market? Which companies are leading these developments? Related Reports Opportunities for carbon fiber market in Japan Opportunities for carbon fiber market in the United States Opportunities for carbon fiber market in Canada Opportunities for carbon fiber market in Germany Opportunities for carbon fiber market in Saudi Arabia Opportunities for carbon fiber market in India Opportunities for carbon fiber market in France
