China Carbon Fiber Market Size & Outlook, 2022-2030
The carbon fiber market in China is expected to reach a projected revenue of US$ 1,069.6 million by 2030. A compound annual growth rate of 11.7% is expected of China carbon fiber market from 2023 to 2030.
Revenue, 2022 (US$M)
$440.1
Forecast, 2030 (US$M)
$1,069.6
CAGR, 2023 - 2030
11.7%
Report Coverage
China
China carbon fiber market, 2018-2030 (US$M)
Related Markets
China carbon fiber market highlights
- The China carbon fiber market generated a revenue of USD 440.1 million in 2022 and is expected to reach USD 1,069.6 million by 2030.
- The China market is expected to grow at a CAGR of 11.7% from 2023 to 2030.
- In terms of segment, pan was the largest revenue generating raw material in 2022.
- PAN is the most lucrative raw material segment registering the fastest growth during the forecast period.
Carbon fiber market data book summary
| Market revenue in 2022 | USD 440.1 million |
| Market revenue in 2030 | USD 1,069.6 million |
| Growth rate | 11.7% (CAGR from 2022 to 2030) |
| Largest segment | Pan |
| Fastest growing segment | PAN |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAN, Pitch |
| Key market players worldwide | DowAksa, Formosa Plastics Group, Hexcel Corp, Jiangsu Hengli Hydraulic, Mitsubishi Chemical Group Corp, SGL Group, Solvay SA, Teijin Ltd, Toray Industries Inc, A & P Technology, ENF Solar, Hyosung Advanced Materials, Nippon Graphite Fiber |
Other key industry trends
- In terms of revenue, China accounted for 9.4% of the global carbon fiber market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan carbon fiber market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,069.6 million by 2030.
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Carbon Fiber Market Scope
Carbon fiber market segmentation & scope
Automotive
Aerospace & Defense
Wind Turbines
Sports/Leisure
Molding & Compound
Construction
Pressure Vessels
Others
Carbon Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China carbon fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon fiber market will help companies and investors design strategic landscapes.
Pan was the largest segment with a revenue share of 96.71% in 2022. Horizon Databook has segmented the China carbon fiber market based on pan, pitch covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of China carbon fiber market databook
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Our clientele includes a mix of carbon fiber market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China carbon fiber market , including forecasts for subscribers. This country databook contains high-level insights into China carbon fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China carbon fiber market size, by raw material, 2018-2030 (US$M)
China Carbon Fiber Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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