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China carbon fiber market to reach $408mn by 2018

China carbon fiber market to reach $408mn by 2018 Source: www.chinatexnet.com
Date: 07-09-2013
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The China carbon fiber market is expected to experience good growth and reach $408 million by 2018. The market is highly concentrated with the top five players capturing more than 70% of capacity. Carbon fiber is used in sectors, such as sporting goods, aerospace, and industrial.

The industrial market is the major user of low-cost carbon fiber. The China carbon fiber market is anticipated to grow due to the emerging Chinese economy and increasing demand of domestic consumption and production in China.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the China carbon fiber market and presents its findings in “Growth Opportunities in China Carbon Fiber Market 2013-2018.”

From the analysis presented, carbon fiber raw material suppliers, carbon fiber manufacturers as well as composite product producers will recognize that substantial opportunities exist in the China carbon fiber industry in the long run due to notable trends in demand quantity and growth, based on various application markets.

Lucintel’s study reveals that the main challenge for the carbon fiber market is high raw material cost. Carbon fiber is pretty expensive, especially precursors which comprises approximately 50% to 60% of the total production cost. Secondly, the absence of standardization of end products and lack of automated production process present a challenge to the industry players.

The report also focuses on the major drivers. Carbon fiber offers an excellent combination of properties that allow the end-user to choose the best combination of material performance and product flexibility.

Carbon fibers are also used to manufacture fuel efficient automobiles, currently used in small production high performance automobiles, but moving towards large production series cars.

This report gives the insights to the China carbon fiber market trend and forecast, which will help the interested companies to make strategic and financial decisions.

Without a proper understanding of the dynamics of market, reaping the benefit would be quite difficult. End application markets for the carbon fiber industry are advancing rapidly which requires in depth knowledge to remain competitive in the near future.
 
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