China Automotive Carbon Fiber Composites Market Size | 2031
China Automotive Carbon Fiber Composites Market Size | 2031
Segments - China Automotive Carbon Fiber Composites Market by Production Types (Vacuum Infusion Processing, Hand Layup, Injection Molding, Resin Transfer Molding, and Others), Application Types (Interiors, Exteriors, Powertrain Components, and Structural Assembly), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-3550
| 4.7 Rating
| 54 Reviews
| 198 Pages
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Report Description
China Automotive Carbon Fiber Composites Market Outlook
The China automotive carbon fiber composites market was valued at USD XX Billion in 2022 and likely reach to USD XX Billion by 2031, expanding at a CAGR of 10% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing adoption of carbon fiber for greater fuel efficiency.
Carbon fibers are about 5-10 micrometers in diameter and composed mostly of carbon atoms. Carbon fibers comes with several advantages including high stiffness, low weight to strength ratio, high tensile strength, chemical resistance, temperature tolerance, and low thermal expansion.
The exceptional properties of carbon fibers have increased its utilization in civil engineering, aerospace, military, and motorsports. However, the carbon filaments are relatively expensive when compared with similar other fibers, such as basalt fibers, glass fiber, and plastic fibers.
The carbon fiber is produced by bonding carbon atoms together in crystals that are aligned in parallel manner. The parallel crystal alignment across the long axis gives high strength-to-volume ratio to the carbon filament.
Therefore, several thousand carbon fibers are bundled together to form a tow which is used for fabrication processes. The carbon fiber is usually combined with other material, such as plastic to form a composite for achieving higher efficiency.
The carbon fiber is combined with a plastic resin to form carbon-fiber-reinforced polymer which has a very high strength-to-weight ratio and extremely rigid structure. Carbon fibers are also composited with other carbon compounds, such as graphite to form reinforced carbon-carbon composite, which has a very high heat tolerance.
China Automotive Carbon Fiber Composites Market Trends, Drivers, Restraints, and Opportunities
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Increasing electric car sales is anticipated to drive the market growth during the forecast period.
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Reducing the weight of electric vehicles and associated secondary cost savings associated is anticipated to spur the market growth in the coming years.
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Growing adoption of lightweight materials and engineering solutions to produce lightweight and hybrid electrical cars are expected to boost the market expansion during the projected period.
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High cost associated with manufacturing of automotive carbon fiber composite materials is expected to hamper the growth of market during the forecast period.
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Increasing industrial investments for carbon fiber production and rising adoption of new technologies are anticipated to create the opportunities for the market in the coming years.
Scope of China Automotive Carbon Fiber Composites Market Report
The report on the China automotive carbon fiber composites market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Automotive Carbon Fiber Composites Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Production Types (Vacuum Infusion Processing, Hand Layup, Injection Molding, Resin Transfer Molding, and Others) and Application Types (Interiors, Exteriors, Powertrain Components, and Structural Assembly) |
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Country |
China |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Fangda Carbon New Material; Jiangsu Hengshen; Jilin Carbon; Jiangsu Kangde Xin Composite Material; and Jilin Tangu Carbon Fiber |
China Automotive Carbon Fiber Composites Market Segment Insights
Hand layup segment is expected to constitute a key market share
On the basis of production types, the market is segmented into vacuum infusion processing, hand layup, injection molding, resin transfer molding, and others. The hand layup segment is expected to constitute a key share of the market during the projected period due to its simple operation, less investments, quick results, and cost-effective fabrication.
On the other hand, the resin transfer molding segment is anticipated to grow at a rapid pace owing to large scale adoption due to its selective reinforcement, accurate fiber management, reduced material wastage, and low tooling costs. Moreover, the automated process, higher production rates, and ability to mould complex structure are expected to expand the market segment during the forecast period.
Structural assembly segment is anticipated to register at a significant CAGR
Based on application types, the market is segregated into interiors, exteriors, powertrain components, and structural assembly. The structural assembly segment is anticipated to register at a significant CAGR during the forecast period owing to growing demand from automation and aerospace industries.
Moreover, increasing industrial demand for efficient joining & assembling for manufacturing processes is expected to fuel the growth of the market segment. On the other hand, the powertrain components segment is expected to grow at a rapid pace during the forecast period due to rising manufacturing activities and growing demand for power generation.
Segments
Production Types
- Vacuum Infusion Processing
- Hand Layup
- Injection Molding
- Resin Transfer Molding
- Others
Application Types
- Interiors
- Exteriors
- Powertrain Components
- Structural Assembly
Country
- China
Key Players
- Fangda Carbon New Material
- Jiangsu Hengshen
- Jilin Carbon
- Jiangsu Kangde Xin Composite Material
- Jilin Tangu Carbon Fiber
Competitive Landscape
The key players competing in the China automotive carbon fiber composites market are Fangda Carbon New Material; Jiangsu Hengshen; Jilin Carbon; Jiangsu Kangde Xin Composite Material; and Jilin Tangu Carbon Fiber.
Some of these players are engaging in several market strategies including joint-ventures, long-term partnerships, product launches, and capacity expansion to have edge over its competitors.
In August 2021, Jilin Carbon marked breakthroughs in carbon fiber production by accelerating the high-quality and innovative development of the carbon fiber industry. The industry recorded a huge production capacity of carbon filament by undertaking two projects for production and capacity expansion of carbon fiber.
The company started the construction work on with expected annual output of 15,000 metric tons of carbon fiber for better fuel efficiency.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Carbon Fiber Composites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Carbon Fiber Composites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Carbon Fiber Composites Market - Supply Chain
4.5. Global Automotive Carbon Fiber Composites Market Forecast
4.5.1. Automotive Carbon Fiber Composites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Carbon Fiber Composites Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Carbon Fiber Composites Market Absolute $ Opportunity
5. Global Automotive Carbon Fiber Composites Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Carbon Fiber Composites Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
6. North America Automotive Carbon Fiber Composites Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Carbon Fiber Composites Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
7. Latin America Automotive Carbon Fiber Composites Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Carbon Fiber Composites Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
8. Europe Automotive Carbon Fiber Composites Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Carbon Fiber Composites Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Carbon Fiber Composites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Carbon Fiber Composites Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Carbon Fiber Composites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Carbon Fiber Composites Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Carbon Fiber Composites Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Carbon Fiber Composites Market: Market Share Analysis
11.2. Automotive Carbon Fiber Composites Distributors and Customers
11.3. Automotive Carbon Fiber Composites Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Fangda Carbon New Material
11.4.2. Jiangsu Hengshen
11.4.3. Jilin Carbon
11.4.4. Jiangsu Kangde Xin Composite Material
11.4.5. Jilin Tangu Carbon Fiber
11.4.6.
Methodology
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