BFB leads the automotive carbon fiber revolution

Nowadays, the presence of carbon fiber is not uncommon at major new car launch events. Whether it is exterior parts, structural parts, or interior components, car companies are enthusiastic about using carbon fiber as a selling point for new car promotion, and the recognition of carbon fiber by end consumers is also increasing.

The downstream industry represented by automobiles is pushing the market demand for carbon fiber to a new high. After years of successful commercialization and innovation in technology, processes, and production, the future market potential of carbon fiber is very broad.

According to the "Market Survey and Investment Prospects Research Report on China's Carbon Fiber Industry from 2025 to 2030" released by the China Business Industry Research Institute, the market size of China's carbon fiber will be about 17.14 billion yuan in 2024, and from 2020 onwards, it will show a stable and considerable market growth rate year by year.

Why has the carbon fiber industry made significant progress in recent years? Regarding this issue, Liu Min pointed out that firstly, the continuous investment and stable supply in the upstream raw material field have laid a solid foundation for the development of the carbon fiber industry. Secondly, in the manufacturing process, enterprises represented by HRC actively promote innovative technologies such as thermoplastic rapid prototyping, further improving production efficiency and product performance. In short, the collaborative efforts of various links in the carbon fiber industry chain, from raw materials to manufacturing processes, have facilitated the widespread application and continuous breakthroughs of this high-performance material in fields such as automobiles.

Taking the automotive industry as an example, luxury car brands mainly use carbon fiber for interior and exterior decoration as well as body frame, and the amount of carbon fiber used per vehicle in such models generally exceeds 80kg; ordinary brands mainly use carbon fiber for interior and exterior decoration selection (usually sports kits and some interior decorations), and the amount of carbon fiber used per vehicle in such models is generally above 10kg. Overall, the sum of carbon fiber components for a single vehicle model has reached 20000-30000 pieces. ”A set of numbers intuitively illustrates the increasingly strong demand for carbon fiber in the automotive field. Whether predicted based on technological advancements, market trends, or the level of love and acceptance of carbon fiber by end customers, the carbon fiber market will still contain enormous development opportunities in the coming years.

Based on this, BFB is highly optimistic about the market potential of automotive carbon fiber and is increasing investment in this field.