China carbon fiber market is estimated to grow significantly at a CAGR of around 9.7% during the forecast period. The production of carbon fiber in the country is slowly maturing. The five largest carbon fiber manufacturers include Hengshan, Weihai Guangwei Composite Materials, Zhongfu Shenying Carbon Fiber, Kangdexin Composite Material Group, and Jinggong Science & Technology. Almost all these manufacturers have expansion plans, of which Kangdexin is extremely focusing on carbon fiber expansion with an ultimate goal of nearly 70,000 metric tons capacity.
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Moreover, a considerable production of wind turbines and increased spending and investment in the R&D of the aerospace industry also affects the growth of the market in the region. For instance, China reported an $8 billion space budget which is estimated to be the second-largest across the globe, after the US. This, in turn, will drive the demand for carbon fiber in space-related projects in the country, as it possesses several benefits that include lightweight, thermal protection, durability among others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
China Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
China Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon Fiber
China Carbon Fiber Market by Industry Verticals
- Aerospace & Defense
- Automotive
- Construction Infrastructure
- Others (Sporting Goods)
Company Profiles
- Formosa Plastics Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Kureha Corp.
- Nippon Carbon Co. Ltd.
- Osaka Gas Chemicals Co., Ltd.
- Toray Industries Inc.
- Teijin Ltd.
- Taekwang Industrial Co. Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the China carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China carbon fiber market.
- Insights about market determinants which are stimulating the China carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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