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.
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.
Attributes | Details |
Report Title | Automotive Carbon Fiber Composites Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
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) |
Country | China |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Fangda Carbon New Material; Jiangsu Hengshen; Jilin Carbon; Jiangsu Kangde Xin Composite Material; and Jilin Tangu Carbon Fiber |
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.
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 Covered in the Report
The China automotive carbon fiber composites market is segmented on the basis of:
Production Types
Application Types
Country
Key Players
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.
Segments Covered in the Report
The China automotive carbon fiber composites market is segmented on the basis of:
Production Types
Application Types
Country
Key Players
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.
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