China automotive carbon fiber market is estimated to grow significantly at a CAGR of around 11.0% during the forecast period. The increasing shift towards EVs has encouraged the manufacturers of automobile companies to increase their manufacturing capacity of EVs. This, in turn, contributes to the demand for carbon fiber owing to its lightweight properties. Carbon fiber can be utilized for the storage of electricity and could reduce the weight of battery-powered vehicles. Carbon fiber could be utilized as a structural battery and as a reinforcing material, as it could half the weight of EVs. Therefore, increasing R&D in EVs will likely propel the demand for carbon fibers in the country.
Get Free Sample link @ https://www.omrglobal.com/request-sample/china-automotive-carbon-fiber-market
China automotive carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others.
A full report of China Automotive Carbon Fiber Market available @ https://www.omrglobal.com/industry-reports/china-automotive-carbon-fiber-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
China Automotive Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
China Automotive Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
China Automotive Carbon Fiber Market by Application
- Interior
- Exterior
- Structural Assembly
- Others (Powertrain Components)
Company Profiles
- Carbon Revolution Ltd.
- Formosa Plastics Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Nippon Carbon Co. Ltd.
- Taekwang Industrial Co. Ltd.
- Toray Industries, Inc.
- Teijin Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the China automotive carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China automotive carbon fiber market.
- Insights about market determinants which are stimulating the China automotive carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/china-automotive-carbon-fiber-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
