China Composites Market Size & Outlook, 2022-2030
China composites market, 2018-2030 (US$M)
Related Markets
China composites market highlights
- The China composites market generated a revenue of USD 21,248.1 million in 2022 and is expected to reach USD 40,828.0 million by 2030.
- The China market is expected to grow at a CAGR of 8.5% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
Composites market data book summary
| Market revenue in 2022 | USD 21,248.1 million |
| Market revenue in 2030 | USD 40,828.0 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, China accounted for 22.7% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,810.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China composites 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 composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 65.31% in 2022. Horizon Databook has segmented the China composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the world’s largest manufacturer of electronics and electrical components. Hence, the country contributes substantially to the overall composite market. The market is further expected to grow owing to an increase in the demand for composites used across various applications in the medical devices, transportation, construction, and others.
China held a 53% market share of the world's new energy passenger vehicle sales in 2021 with a total of 3.31 million sold. An increase in the production of lightweight vehicles is projected to drive the demand for lightweight materials including composites over the forecast period.
Increasing electronic gadgets demand specifically in China and India is expected to drive market growth over the forecast period. Rising living standards coupled with the increasing miniaturization of electronic devices are anticipated to complement the demand for composites.
Reasons to subscribe to China composites market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China composites market databook
-
Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 composites market , including forecasts for subscribers. This country databook contains high-level insights into China composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China composites market size, by product, 2018-2030 (US$M)
China Composites Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
