| Label | Composite | Non-Composite |
|---|---|---|
| 2019 | 466.63 USD Mn | 30.02 USD Mn |
| 2020 | 479.62 USD Mn | 29.71 USD Mn |
| 2021 | 505.71 USD Mn | 30.17 USD Mn |
| 2022 | 535.55 USD Mn | 30.79 USD Mn |
| 2023 | 569.87 USD Mn | 31.57 USD Mn |
| 2024 | 611.99 USD Mn | 32.68 USD Mn |
| 2025 | 659.03 USD Mn | 33.92 USD Mn |
| 2026 | 711.66 USD Mn | 35.32 USD Mn |
| 2027 | 773.61 USD Mn | 37.04 USD Mn |
| 2028 | 842.63 USD Mn | 38.92 USD Mn |
Data Source: Wantstats Repository
The pitch based carbon fiber market in China is poised for significant demand in the coming years, with an expected growth rate of XX% from 2019 to 2028. The increasing use of carbon fiber in various industries such as aerospace, automotive, sports and leisure, and construction is the major factor driving the demand for this material. Non-toxicity, lightweight, high strength, and corrosion resistance are some of the key properties that make pitch based carbon fiber a highly preferred material. In terms of type, the market can be classified into two categories - continuous fiber and short fiber. Both these types have their own unique properties and applications, which are driving their demand in the Chinese market. Continuous fiber segment is expected to dominate the market as it offers better performance in terms of mechanical strength, flexibility, and durability. It is widely used in the aerospace and defense industry due to its ability to withstand high temperatures and extreme conditions. The rapid growth of the aviation industry in China is a major driver for the demand of continuous fiber based carbon fiber.
On the other hand, short fiber carbon fiber is widely used in the automotive and construction industries due to its cost-effectiveness and ease of handling. It offers improved impact resistance, stiffness, and strength, which makes it a suitable material for components in automobiles and structures such as bridges and buildings. The demand for pitch based carbon fiber in China is not limited to these industries alone. With the growth of renewable energy sources, especially in wind energy, there is a growing demand for carbon fiber in the manufacturing of wind turbine blades. Moreover, the increasing focus on sustainability and eco-friendliness has also led to the use of carbon fiber in the production of bicycles and other sports equipment. However, the growth of the pitch based carbon fiber market in China is not without its challenges. The high cost of production and low availability of raw materials are some of the factors that may hinder market growth. Additionally, the lack of awareness and skilled labor for the production of advanced carbon fiber may also impact market growth in the coming years.
In conclusion, the demand for pitch based carbon fiber in China is expected to witness significant growth in the coming years, driven by its diverse properties and applications in various industries. The development and innovation of advanced manufacturing techniques could help in reducing the cost of production and address the supply challenges of raw materials, further boosting market growth in the country.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
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China Pitch Based Carbon Fiber Market, by Type (Tons), 2019 - 2028
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