PUBLISHER: Lucintel | PRODUCT CODE: 1448490
PUBLISHER: Lucintel | PRODUCT CODE: 1448490
Chinese Composites Market Trends and Forecast
The future of the Chinese composites market looks promising with opportunities in the Chinese composites market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, and consumer goods in end use. Chinese composites market is expected to reach an estimated $20.8 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major growth driver in this market is increasing demand for composites in the transportation industry, growth in building and construction industry and growth in new installation of wind turbines will boost the demand for composite materials.
Emerging Trends in the Chinese Composites Market
Emerging trends, which have a direct impact on the dynamics of the Chinese composites market, includes innovative trends focused on ultra-high modulus glass fiber, production of low cost carbon fiber and growing initiatives for recycling of carbon fiber and spare parts, and increasing penetration of aramid fiber advances in head protection application.
A total of 64 figures / charts and 60 tables are provided in this 175-page report to help in your business decisions. A sample figure with insights is shown below.
Chinese Composites Market by Segment
The study includes a forecast for the composites in the Chinese composites by end use, manufacturing process, and fiber as follows:
List of Chinese Composites Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, composites companies in the Chinese composites market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites companies in the Chinese composites market profiled in this report include.
Chinese Composites Market Insight
Features of Chinese composites market
FAQ
Q1. What is the Chinese composites market size?
Answer:The Chinese composites market is expected to reach an estimated $20.8 million by 2030.
Q2. What is the growth forecast for Chinese composites market?
Answer:The Chinese composites market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the Chinese composites market ?
Answer: The major growth driver in this market is increasing demand for composites in the transportation industry, growth in building and construction industry growth in new installation of wind turbines will boost the demand for composite materials
Q4. What are the major end use industries for Chinese composites market?
Answer:Construction and electrical and electronics are the major applications for Chinese composites market.
Q5. What are the emerging trends in Chinese composites market?
Answer:Emerging trends, which have a direct impact on the dynamics of the Chinese composites market, includes the innovative trends focused on ultra-high modulus glass fiber, production of low cost carbon fiber and growing initiatives for recycling of carbon fiber and spare parts, and increasing penetration of aramid fiber advances in head protection application.
Q6. Who are the key Chinese composites market companies?
Answer:Some of the key Chinese composites market companies are as follows:
Q7.Which Chinese composites market material segment will be the largest in future?
Answer: Lucintel forecasts that, construction is expected to be the largest end use due to increased opportunities in low-carbon construction, including green buildings, renewable energy, and water conservation.
Q8. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.