What is the current status of the carbon fiber industry?

After more than ten years of development, the carbon fiber industry has formed an annual output of nearly 10,000 tons. It has initially established a domestic carbon fiber R&D and production platform from laboratory research to industrialization and high-strength carbon fiber application evaluation, composite materials and application systems; but industrial chain and industry. The structure is still not perfect, and the varieties, specifications and models have not been serialized, and the level of industrialization needs to be further improved.

In 2018, China's total demand for carbon fiber increased from 23,500 tons to 31,000 tons, a year-on-year increase of 32%. In the same period, the domestic carbon fiber market increased from 7,400 tons to 9,000 tons, a year-on-year increase of 22.1%, accounting for 29% of total demand. Declining, the development of import substitution space is huge.

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