Core Viewpoint - The reinforcement materials industry in China is experiencing significant growth driven by urbanization, aging infrastructure, and increasing safety standards, with the market expected to reach approximately 914.2 billion yuan in 2024, reflecting a year-on-year growth of 7.7% [1][13]. Industry Overview - Reinforcement materials are essential in civil engineering, used to strengthen existing structures to meet new safety and usage requirements. Common types include structural adhesives, crack injection materials, cement-based grouting materials, polymer mortars, and fiber-reinforced composites [3][4]. Industry Development History - The reinforcement materials industry has evolved through three stages: early development, growth, and modern development, with significant advancements in carbon fiber cloth technology and chemical grouting materials [5]. Industry Chain - The reinforcement materials industry chain consists of upstream raw materials and production equipment, midstream manufacturing, and downstream application fields, including building reinforcement, bridge engineering, and water conservancy projects [7]. Key Application Areas - The bridge engineering sector is a major application area for reinforcement materials, addressing issues like structural aging and damage. The total length of roads and bridges in China is projected to grow from 5.756 million kilometers in 2019 to 6.466 million kilometers by 2024, with a compound annual growth rate of 2.35% [11]. Market Dynamics - The carbon fiber cloth market is expected to reach approximately 7.713 billion yuan in 2024, driven by its high strength, lightweight, and ease of application in various structural reinforcement projects [14]. Competitive Landscape - The global reinforcement materials industry features a diverse competitive landscape, with international brands like Sika, Hilti, and Toray competing alongside domestic companies such as Hanma and Guterbang, which leverage technological innovation to gain market share [17][20]. Future Trends - The industry is moving towards smart technology integration, with IoT and big data enhancing monitoring and predictive maintenance capabilities. Additionally, there is a shift towards green materials, with a focus on low-carbon and recyclable options, and a trend towards comprehensive service models that integrate design, construction, and maintenance [25][27][28].

Core Insights - The carbon fiber cloth industry in China is experiencing rapid growth, with a projected market size of approximately 7.713 billion yuan by 2024, driven by its applications in various sectors such as construction, aerospace, automotive, and high-end sports equipment [1][13]. Industry Overview - Carbon fiber cloth, known for its high strength, lightweight, and excellent corrosion resistance, is a key material for industry transformation, particularly in building reinforcement [1][4]. - The manufacturing of carbon fiber cloth involves processes such as weaving and molding, with machine weaving allowing for mass production [6]. - The industry supply chain includes raw materials (carbon fiber, resin, etc.), manufacturing, and downstream applications across multiple sectors [8][10]. Market Dynamics - The demand for high-performance carbon fiber is increasing, with the carbon fiber market in China expected to grow from 4.76 billion yuan in 2018 to 17.14 billion yuan by 2024, reflecting a compound annual growth rate (CAGR) of 23.8% [10]. - The aerospace sector is a significant downstream market for carbon fiber cloth, with applications in aircraft and spacecraft manufacturing, enhancing performance and fuel efficiency [11]. Competitive Landscape - The Chinese carbon fiber cloth industry features both international giants (e.g., TORAY, Hexcel) and domestic leaders (e.g., Guangwei Composite Materials, Hengshen) competing in the market [16][17]. - Companies are focusing on technological innovation and quality management to maintain competitive advantages in a rapidly evolving market [16]. Key Companies - Guangwei Composite Materials is a leading player with a comprehensive product range and a projected revenue of 1.452 billion yuan in 2024 [18]. - Zhongfu Shenying specializes in high-performance carbon fiber and is expected to generate 1.543 billion yuan in revenue in 2024 [20]. Industry Trends - The industry is moving towards lightweight materials to meet the demands of sectors like automotive and aerospace, with innovations in weaving techniques and ultra-thin carbon fiber cloth [22]. - Future developments include high-performance products exceeding T1000 grade, enhanced by nanomaterial modifications for improved durability [23]. - Multi-functional carbon fiber cloths are being developed, integrating features like conductivity and fire resistance, expanding market opportunities [25]. - Cost reduction strategies are being implemented through production process optimizations and recycling technologies, facilitating broader applications in civilian sectors [26].