1. Market Research
  2. > Materials
  3. > Fiber Market Trends
  4. > Global and China Carbon Fiber and CFRP Industry Report, 2017-2021

Global and China Carbon Fiber and CFRP Industry Report, 2017-2021

  • March 2017
  • -
  • Research In China
  • -
  • 153 pages

Summary

Table of Contents

As a new generation of reinforced fiber featuring excellent mechanical property and chemical stability, carbon fiber is the one with the highest specific strength and specific modulus among mass-produced high-performance fibers.

Global carbon fiber demand approximated 83,000 tons in 2016, a 12.0% increase from a year ago. China, one of the world’s leading sources of carbon fiber demand, consumed 19,000 tons, 22.9% of the global total. However, China relies heavily on imported carbon fiber products (particularly high-performance ones) because of its outdated production techniques and inadequate production capacity. Only 24.9% of carbon fibers were produced locally in China in 2016 and the localization rate is expected to exceed 35.0% in 2021 along with technological advances.

Carbon fiber and its composites are primarily applied to aviation & aerospace and wind power fields which together accounted for 46% of the world’s demand in 2015, compared with no more than 15% in China; sports and leisure fields made up more than 50% globally in 2015 but has suffered a decline in percentage as automobile/wind power/aviation & aerospace industries develop in recent years.

Carbon fiber and its composites industry will be mainly driven by automobile, wind power, and /aviation & aerospace fields, especially new energy vehicles. Carbon fiber materials can significantly reduce the weight of vehicle body, thus saving energy, reducing emissions, and increasing mileage. However, due to high costs, carbon fiber is chiefly used in Ferrari, BMW and other luxury models. As carbon-fiber recycling industry develops, the costs will decline, enabling its application to Toyota, Ford, and other middle-end models.

As carbon fiber is produced with sophisticated production processes and advanced technology, China, isolated from these technologies and equipment because of political factors, lags far behind foreign countries.

1) Product: Japan-based Toray has started research into T2000 carbon fiber (10 times as much as the strength of T1000 carbon fiber and no impurities during polymerization) in 2017, while China just achieves mass production of T800 carbon fiber.

2) Enterprise: Japanese Toray, Teijin, Mitsubishi Rayon, U.S. Hexcel, Cytec (acquired by Belgian Solvay), and China’s Formosa Plastics take the lion’s share of global carbon fiber market. After the acquisition of U.S. Zoltek, Toray holds a 30% share of global market as a whole and over 40% share of large-tow carbon fiber market specifically. By contrast, there are only six Chinese enterprises with production capacity of 1000t and above/a each including Zhongfu Shenying Carbon Fiber, Jiangsu Hengshen Fiber Material, and Bluestar Fibres, claiming a combined global share of less than 15%.

Global and China Carbon Fiber and CFRP Industry Report, 2017-2021 by ResearchInChina highlights the following:
Carbon fiber (definition, classification, application, level of technology, industry chain, etc.);
Global carbon fiber market (status quo, supply & demand, competitive landscape, patent, costs & prices, development trends, etc.);
Chinese carbon fiber market (policy environment, development status, supply & demand, industrial layout, import & export, development trends, etc.);
Carbon fiber composites market (size, structure, cost structure, competition, etc.);
Upstream carbon fiber precursor and downstream (aviation & aerospace, automobile, wind power, sports & leisure, etc.) (market situation, market demand, etc.);
10 foreign and 20 Chinese carbon fiber manufacturers (operation, carbon fiber business, presence in China, etc.)

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Top 10 High Growth Composite Material Market by Resin Type, Fiber Type, Application, and Region - Global Forecasts to 2021

Top 10 High Growth Composite Material Market by Resin Type, Fiber Type, Application, and Region - Global Forecasts to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“The top 10 high growth composite materials market is projected to grow at a CAGR of 7.04% during forecast period” The top 10 high growth composite materials market is projected to reach USD 69.50 ...

High Performance Fiber Market by Type, Application, Region - Global Forecast to 2021

High Performance Fiber Market by Type, Application, Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“The high performance fiber market is projected to reach USD 16.46 billion by 2021.” The high performance fiber market is projected to grow from USD 10.73 billion in 2016 to USD 16.46 billion by 2021, ...

Long Fiber Thermoplastics Market by Resin Type, Fiber Type, Application, and Region - Global Forecast to 2021

Long Fiber Thermoplastics Market by Resin Type, Fiber Type, Application, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Long Fiber Thermoplastic (LFT) market projected to grow at a CAGR of 8.96% during the forecast period” The global Long Fiber Thermoplastic (LFT) market is projected to reach USD 4.26 billion by 2021, ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.