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 2021 – 2028

The China automotive carbon fiber composites market size is expected to register at a significant CAGR during the forecast period, 2021–2028. 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.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing electric car sales is anticipated to drive the market growth during the forecast period. 
• Reducing the weight of electric vehicles and associated secondary cost savings associated is anticipated to spur the market growth in the coming years.
• 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.
• High cost associated with manufacturing of automotive carbon fiber composite materials is expected to hamper the growth of market during the forecast period.
• 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 the 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.

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

Segments Covered in the Report
The China automotive carbon fiber composites market is segmented on the basis of:
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.