Press release
China Automotive Carbon Fiber Market Size, Share, Trends, Analysis and Forecast 2020-2026
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.A full report of China Automotive Carbon Fiber Market is available at: https://www.omrglobal.com/industry-reports/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.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/china-automotive-carbon-fiber-market
The companies which are contributing to the growth of the China automotive carbon fiber market include Teijin Ltd., Toray Industries, Inc., Hyosung Corp., Jiangsu Hengshen Co. Ltd., HONGFU SHENYING CARBON FIBER CO., LTD., Weihai Guangwei Composites Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups, and technological advancements to stay competitive in the market.
China Automotive Carbon Fiber Market - Segmentation
By Raw Material
• Polyacrylonitrile (PAN)
• Petroleum Pitch & Rayon
By Fiber Type
• Virgin Carbon Fiber
• Recycled Carbon Fiber
By Application
• Interior
• Exterior
• Structural Assembly
• Others (Powertrain Components)
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/china-automotive-carbon-fiber-market
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.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
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.
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