Lucintel identifies and prioritizes opportunities for growth in the Chinese carbon fiber market by carbon fiber used in sporting goods, aerospace, and industrial applications

According to a new market report published by Lucintel, the future of the Chinese carbon fiber market looks good, with opportunities in the sporting goods, aerospace, and industrial applications. The Chinese carbon fiber market is forecast to grow at a CAGR of 6.1% by value from 2016 to 2021. The major drivers of growth for this market are growing demand of high strength, stiffness, and lightweight material in end uses industries.
In this market, sporting goods, aerospace, and industrial applications are the end use applications of carbon fiber. Lucintel predicts that the demand for industrial application is expected to experience the highest growth in the forecast period, supported by growing wind energy market and increase demand of light weight material in automotive and CNG tank.
Within the Chinese carbon fiber market, sporting goods is expected to remain as the largest market by value and volume consumption. Country’s active involvement in sports leads increased used in ice hockey stick, tennis racquets, and golf clubs. High- strength, stiffness, and lightweight are the properties that will drive the growth of carbon fiber in sporting goods application.
In China, only PAN (polyacrylonitrile)-based carbon fiber is used. Based on tow size, small tow carbon fiber usage is higher in value and volume, whereas based on modulus type, intermediate modulus carbon fiber is higher in value and volume.

For market expansion, this report suggests innovation and new product development, where the unique characteristics of carbon fiber can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of high performance products for the end use industries.

Emerging trends, which have a direct impact on the dynamics of the industry, are increasing production of high performance carbon fiber. Zhongfu Shenying Carbon Fiber Co. Ltd., Jiangsu Hengshen Fiber Material Co., Bluestar, Jilin Tangu Carbon Fiber and Weihai Tuozhan Fiber Co. Ltd. are among the major players of the Chinese carbon fiber market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Chinese carbon fiber market by end-use application, tow size, and modulus type and has come up with a comprehensive research report, “Growth Opportunities in the Chinese Carbon Fiber Market 2016-2021: Trends, Forecast, and Market Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the Chinese carbon fiber market through 2021, segmented market by end-use application, tow size, and modulus type as follows:

By end use application (Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2021):
• Sporting Goods
• Aerospace
• Industrial

By tow size (Value ($M) and Volume (M lbs) shipment analysis for 2015):
• Small tow
• Large tow

By modulus type (Value ($M) and Volume (M lbs) shipment analysis for 2015):
• Standard modulus
• Intermediate modulus
• High modulus
This 121-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Strategic Growth Consulting, Commercial Due Diligence Report and Business Strategy Consulting.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
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This release was published on openPR.