China Automotive Carbon Fiber Composites Market Size (2024 - 2029)

The China Automotive Carbon Fiber Composites Market is experiencing significant growth, driven by the demand for lighter, cleaner, and more cost-effective vehicles. This expansion is supported by favorable national policies and the efforts of over 40 domestic manufacturers to meet the evolving needs of automotive OEMs and system suppliers. Leading companies are forming partnerships for mass production and investing in low-cost manufacturing processes. The market's potential is further enhanced by the comprehensive industrial capabilities of key players, which include the entire supply chain from precursor to terminal composite products.

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Market Size of China Automotive Carbon Fiber Composites Industry

china automotive carbon fiber composites market analysis
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

china automotive carbon fiber composites market key players

*Disclaimer: Major Players sorted in no particular order

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.

Automotive Carbon Fiber Composites Industry Segmentation

The China Automotive Carbon Fiber Composites Market covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various areas of the market by type, application and technology. The market share of significant automotive sensor manufacturing companies and country level analysis will be provided in the report.

Production Type
Hand Layup
Resin Transfer Molding
Vacuum Infusion Processing
Injection Molding
Others
Application Type
Structural Assembly
Powertrain Components
Interiors
Exteriors
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China Automotive Carbon Fiber Composites Market Size Summary

The China Automotive Carbon Fiber Composites Market is experiencing significant growth, driven by the increasing demand for lightweight materials in the automotive industry. Carbon fiber composites are being adopted to enhance the structural, functional, and aesthetic properties of vehicles, making them lighter, cleaner, and more cost-effective. This shift is largely due to the collaboration between major automotive manufacturers like BMW, Audi, GM, Honda, and Polestar with carbon fiber producers to support mass production. The market is supported by favorable national policies and the presence of over 40 automotive carbon fiber manufacturers in China, with leading companies such as Hengshen CoLtd and Zhongfu Shenying at the forefront. These companies are investing in low-cost manufacturing processes to meet the growing demand and are expanding their production capacities to facilitate the wider adoption of carbon fiber in vehicles.

The use of carbon fiber is particularly crucial for improving the fuel economy of modern vehicles, especially electric ones, by reducing their weight without compromising performance and safety. This is essential as lighter vehicles require less energy to accelerate, leading to better fuel efficiency. However, the high cost of carbon fiber and challenges related to continuous availability and cycle time pose obstacles to its widespread use in high-volume vehicles. Despite these challenges, the market is characterized by strategic partnerships and joint ventures among key players to develop and launch new products. Companies like Kordsa are offering innovative lightweight materials and engineering solutions to support the production of future hybrid and electric vehicles. The market is also seeing advancements in technology, with companies like Haiyuan Automatic Equipments Co Ltd investing in research and development to produce carbon fiber body parts for new energy vehicles, further driving the industry's growth.

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China Automotive Carbon Fiber Composites Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Production Type

      1. 2.1.1 Hand Layup

      2. 2.1.2 Resin Transfer Molding

      3. 2.1.3 Vacuum Infusion Processing

      4. 2.1.4 Injection Molding

      5. 2.1.5 Others

    2. 2.2 Application Type

      1. 2.2.1 Structural Assembly

      2. 2.2.2 Powertrain Components

      3. 2.2.3 Interiors

      4. 2.2.4 Exteriors

China Automotive Carbon Fiber Composites Market Size FAQs

The China Automotive Carbon Fiber Composites Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)

Jiangsu Hengshen , Jilin Tangu Carbon Fiber , Fangda Carbon New Material , Jiangsu Kangde Xin Composite Material and Jilin Carbon are the major companies operating in the China Automotive Carbon Fiber Composites Market.

China Automotive Carbon Fiber Composites Market Report Snapshots

China Automotive Carbon Fiber Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)