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The automotive carbon fiber composites market share in China is expected to increase by 3.65 thousand units from 2021 to 2026, at a CAGR of 11.17%.
This automotive carbon fiber composites market in China research report extensively covers the automotive carbon fiber composites market segmentation in China by vehicle type (passenger vehicles and commercial vehicles) and application (structural assembly, powertrain components, and others). The China automotive carbon fiber composites market report also offers information on several market vendors, including Jiangsu Hengshen Co. Ltd., Jiangsu Tianniao High-technology Co. Ltd., Mitsubishi Chemical Corp., Owens Corning, Polar Manufacturing Ltd., Rock West Composites Inc., SGL Carbon SE, Solvay SA, Toray Industries Inc., and Weihai Guangwei Group Co. Ltd. among others.
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The excellent properties exhibited by carbon fiber composites are notably driving the automotive carbon fiber composites market growth in China, although factors such as costs associated with carbon fiber composites may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive carbon fiber composites industry in China. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Carbon Fiber Composites Market Driver in China
One of the key factors driving the automotive carbon fiber composites market growth in China is the excellent properties exhibited by carbon fiber composites due to which it is widely used in diversified applications. Certain vital properties include high strength to weight ratio, resistance to corrosion and fire, electrical conductivity, lubricating, inert, and less poisonous. Although the substitutes of carbon fiber composites such as steel exhibit a high strength-to-weight ratio, it is considered comparatively better in carbon fiber composites due to the honeycomb structure of the carbon fiber. Similarly, carbon fiber is chemically stable and corrosion-resistant. Moreover, they are thermally stable and resistant to fire. Such properties enable their extensive use in the automobile, aerospace, and defense industries, which will positively impact the growth of the market in focus during the forecast period.
Key Automotive Carbon Fiber Composites Market Trend in China
Another key factor driving the automotive carbon fiber composites market growth in China is the increasing demand for fuel-efficient vehicles due to the increasing urban population and industrialization. The most crucial factor for the change in consumers' preference from conventional passenger cars to fuel-efficient cars is the high and volatile cost of fuel. Fuel-efficient cars are eco-friendly, provide high mileage, and can be powered by alternative fuels and advanced fuel technologies. The stringent government norms to reduce the emission of greenhouse gas (GHGs), carbon dioxide (CO2), and other harmful pollutants, are leading to an increase in the demand for fuel-efficient and green vehicles, which directly increases the demand for carbon fiber in the automotive carbon fiber composites market in China.
Key Automotive Carbon Fiber Composites Market Challenge in China
One of the key challenges to the China automotive carbon fiber composites market growth is the costs associated with carbon fiber composites. The cost of manufacturing and R&D associated with carbon fiber can reduce the demand for carbon fiber in automotive composites and increase the demand for substitute products. The cost of production and R&D of carbon fiber composites is eight times that of steel. Polyacrylonitrile (PAN) is one of the raw materials that is used in the production of carbon fiber composites; PAN is more expensive compared to its substitutes. The high manufacturing costs associated with carbon fiber composites are mainly due to the high cost of raw materials.
This automotive carbon fiber composites market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the automotive carbon fiber composites market in China as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive carbon fiber composites market in China during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the China automotive carbon fiber composites market encompasses successful business strategies deployed by the key vendors. The automotive carbon fiber composites market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive carbon fiber composites market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive carbon fiber composites market in China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global diversified metals and mining market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis: Diversified metals and mining
*2.2.1 Input
*2.2.2 Operations
*2.2.3 Mine development and extraction
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 End-user industries
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (thousand tons)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 21: Comparison by Application
**5.3 Structural assembly - Market size and forecast 2021-2026
*Exhibit 22: Structural assembly - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 23: Structural assembly - Year-over-year growth 2021-2026 (%)
**5.4 Powertrain components - Market size and forecast 2021-2026
*Exhibit 24: Powertrain components - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 25: Powertrain components - Year-over-year growth 2021-2026 (%)
**5.5 Others - Market size and forecast 2021-2026
*Exhibit 26: Others - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 27: Others - Year-over-year growth 2021-2026 (%)
**5.6 Market opportunity by Application
*Exhibit 28: Market opportunity by Application
***6. Market Segmentation by Vehicle type
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 29: Vehicle type - Market share 2021-2026 (%)
**6.2 Comparison by Vehicle type
*Exhibit 30: Comparison by Vehicle type
**6.3 Passenger Vehicles - Market size and forecast 2021-2026
*Exhibit 31: Passenger Vehicles - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 32: Passenger Vehicles - Year-over-year growth 2021-2026 (%)
**6.4 Commercial Vehicles - Market size and forecast 2021-2026
*Exhibit 33: Commercial Vehicles - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 34: Commercial Vehicles - Year-over-year growth 2021-2026 (%)
**6.5 Market opportunity by Vehicle type
*Exhibit 35: Market opportunity by Vehicle type
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 36: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Excellent properties exhibited by carbon fiber composites
*8.1.2 Increasing adoption of electric vehicles (EVs)
*8.1.3 Stringent regulations in the automotive industry
**8.2 Market challenges
*8.2.1 Costs associated with carbon fiber composites
*8.2.2 Brittle when compared to other metals
*8.2.3 Environmental impacts and potential health hazards of carbon fiber composites
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing demand for fuel-efficient vehicles
*8.3.2 Developments in end-user industries
*8.3.3 Growing use of nanotechnology in drive shaft for better performance
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: Market positioning of vendors
**10.3 Jiangsu Hengshen Co. Ltd.
*Exhibit 43: Jiangsu Hengshen Co. Ltd. - Overview
*Exhibit 44: Jiangsu Hengshen Co. Ltd. - Product and service
*Exhibit 45: Jiangsu Hengshen Co. Ltd. - Key offerings
**10.4 Jiangsu Tianniao High-technology Co. Ltd.
*Exhibit 46: Jiangsu Tianniao High-technology Co. Ltd. - Overview
*Exhibit 47: Jiangsu Tianniao High-technology Co. Ltd. - Product and service
*Exhibit 48: Jiangsu Tianniao High-technology Co. Ltd. - Key offerings
**10.5 Mitsubishi Chemical Corp.
*Exhibit 49: Mitsubishi Chemical Corp. - Overview
*Exhibit 50: Mitsubishi Chemical Corp. - Business segments
*Exhibit 51: Mitsubishi Chemical Corp. - Key offerings
*Exhibit 52: Mitsubishi Chemical Corp. - Segment focus
**10.6 Owens Corning
*Exhibit 53: Owens Corning - Overview
*Exhibit 54: Owens Corning - Business segments
*Exhibit 55: Owens Corning - Key offerings
*Exhibit 56: Owens Corning - Segment focus
**10.7 Polar Manufacturing Ltd.
*Exhibit 57: Polar Manufacturing Ltd. - Overview
*Exhibit 58: Polar Manufacturing Ltd. - Product and service
*Exhibit 59: Polar Manufacturing Ltd. - Key offerings
**10.8 Rock West Composites Inc.
*Exhibit 60: Rock West Composites Inc. - Overview
*Exhibit 61: Rock West Composites Inc. - Product and service
*Exhibit 62: Rock West Composites Inc. - Key offerings
**10.9 SGL Carbon SE
*Exhibit 63: SGL Carbon SE - Overview
*Exhibit 64: SGL Carbon SE - Business segments
*Exhibit 65: SGL Carbon SE - Key offerings
*Exhibit 66: SGL Carbon SE - Segment focus
**10.10 Solvay SA
*Exhibit 67: Solvay SA - Overview
*Exhibit 68: Solvay SA - Business segments
*Exhibit 69: Solvay SA- Key news
*Exhibit 70: Solvay SA - Key offerings
*Exhibit 71: Solvay SA - Segment focus
**10.11 Toray Industries Inc.
*Exhibit 72: Toray Industries Inc. - Overview
*Exhibit 73: Toray Industries Inc. - Business segments
*Exhibit 74: Toray Industries Inc. - Key offerings
*Exhibit 75: Toray Industries Inc. - Segment focus
**10.12 Weihai Guangwei Group Co. Ltd.
*Exhibit 76: Weihai Guangwei Group Co. Ltd. - Overview
*Exhibit 77: Weihai Guangwei Group Co. Ltd. - Product and service
*Exhibit 78: Weihai Guangwei Group Co. Ltd. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 79: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 80: Research Methodology
*Exhibit 81: Validation techniques employed for market sizing
*Exhibit 82: Information sources
**11.4 List of abbreviations
*Exhibit 83: List of abbreviations
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