carbon fiber materials have broad prospects and strong global market demand. Due to its light weight, high strength and high modulus, carbon fiber materials have high application value in aerospace, wind power blades, industrial materials, automobile manufacturing and sports and leisure products. Therefore, carbon fiber is called "Black gold" in the 21st century. In 2011, the global demand for carbon fiber was 44,100 tons. In 2016, the global demand for carbon fiber reached 76,500 tons, and the annual compound growth rate was 11.6%. It is estimated that the demand will reach 112,000 tons by 2020, and the compound growth rate will remain at around 10%. , has a good growth trend.

The carbon fiber industry has been in development for 60 years, and global production capacity is highly concentrated.

At present, it is the world's largest carbon fiber producer. It not only ranks first in terms of output and sales volume, but also holds the world's high-end carbon fiber demand market share, leading the industry to continue to develop.

The technical barriers of the carbon fiber industry are high, and the demand for localization is urgent.

Leading foreign companies have led the global carbon fiber products and technologies. Due to the extremely high technical barriers in the carbon fiber industry, China's production technology is unstable, and both production capacity and product performance indicators are far behind the international leader. Although the theoretical capacity of China's carbon fiber in 2016 reached 24,000 tons, the actual effective output was only about 3,600 tons, and the capacity utilization rate was only 15%. At the same time, the demand for carbon fiber in China increased from 193,000 tons in 2011 to 19,600 tons in 2016, and the annual compound growth rate reached 16%. The demand for domestic carbon fiber continued to grow. At present, China's carbon fiber is 80% dependent on foreign imports. However, due to the dual-use characteristics of carbon fiber, it is difficult to import high-performance carbon fiber products from abroad, which further aggravates the domestic demand for carbon fiber. Import substitution is the main driving force for the development of domestic carbon fiber industry.

The domestic carbon fiber industry is the leader in the production of carbon fiber industry chain, and its competitiveness continues to increase. At the same time, the state has introduced a number of policies in recent years, vigorously supporting the development of the domestic carbon fiber industry, achieving coordinated development of military and civilian integration, and further benefiting the company's development. Domestic carbon fiber enterprises continue to invest in research and development funds, and their technical level is excellent, taking the lead in occupying the military industry.

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