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In 2024, ’s (Guangzhou, China) general manager Lin Gang published a comprehensive report analyzing China’s 2023 carbon fiber market. Since then, equipped from additional conversations and feedback obtained from his presentation of the data at CW’s Carbon Fiber 2024 event, Lin has published a new report on 2024 statistics, trends and observations. 

Similar to the first report, this breaks down:

• The global carbon fiber market by year, application (by kiloton and USD) and product.
• The global carbon fiber supply’s theoretical capacities by manufacturer and region.
• China’s carbon fiber market by year, application, province, source, as well as their current operational capacities and new developments.
• The global CFRP composites market by year, application (by kiloton and USD), region, process and matrix, followed by Chinese demand for CFRP by application.
• Trends and the prospect of composites in a variety of end markets.
• A look at carbon fiber recycling.
• Additional observations and reflections.

“China’s carbon fiber industry had been largely overlooked on the global stage in recent years due in part to limited international information exchange during the COVID-19 pandemic,” Lin explains. “I drafted this report to help international stakeholders gain a clearer and more objective understanding of the Chinese carbon fiber market and its leading
manufacturers.”

Data and conclusions for 2024 were obtained through Chinese carbon fiber enterprise annual sales data; annual sales data or business conditions of international carbon fiber companies; reference to current development status of numerous application markets, such as the deliveries of Boeing and Airbus in 2024; and market data from international peers. 

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