Market Size of China Automotive Carbon Fiber Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Carbon Fiber Composites Market Analysis
The China Automotive Carbon Fiber Composites Market is expected to register a CAGR of more than 10 % during the forecast period, (2020-2025).
- Carbon fiber composites offer improvement in structural, functional, or cosmetic properties. To make vehicles lighter, cleaner, safer, and more cost-effective, the leading carbon fiber suppliers respond to the needs and expectations of the vehicle OEMs, system suppliers, and customers. Many car companies, such as BMW, Audi, GM, Honda, and Polestar, have established agreements with carbon fiber material producers for mass production. They are investing in their processes to support low-cost carbon fiber manufacturing.
- Currently, China has more than 40 automotive carbon fiber manufacturers. At the same time, Hengshen CoLtd and Zhongfu Shenying are the leading manufacturers of carbon fiber devices. Automotive Carbon Fiber is a booming industry mainly due to favorable national policies and improved market potentials, which have grasped many carbon fiber companies to reach out to demands for changing the automotive landscape in the country.
- As of 2019, Zhongfu Shenying holds the largest carbon fiber capacity of over 8000 tons, while Hengshen C, Ltd is the nations first carbon fiber and composite materials enterprise on NEW OTCBB (Over the Counter Bulletin Board), with a complete industrial chain ranging from carbon fiber precursor to terminal composite.
