What is the market size of the carbon fiber industry?

There is a strong demand for carbon fiber in the market, and the total demand in 2020 is expected to exceed 38,000 tons.

China is a large carbon fiber consumer. In 2018, the carbon fiber demand in the Chinese market was about 31,000 tons, accounting for about 1/3 of the global market carbon fiber demand.

Driven by emerging applications such as wind power, the domestic market's carbon fiber demand will increase significantly. It is expected that domestic carbon fiber demand will increase by approximately 12% each year in 2019 and 2020. By 2020, the total national carbon fiber demand will be approximately 38,900 tons.

Yancheng Xiangsheng Carbon Fiber Technology Co., Ltd. is a state-level high-tech enterprise approved by the Development and Reform Commission and the Industry and Commerce Bureau. It integrates scientific research, development, production and sales. It has developed a rotorcraft housing with independent intellectual property rights. Landing frames, aircraft plant protection spraying systems, seaplane buoys, swamp boats, aeroboats, aeronautical communication helmets, carbon fiber for plastic reinforcement, carbon fiber powder for friction materials, chopped carbon fiber for braking systems, and carbon fiber rope, carbon fiber cloth, carbon fiber Filament special fiber cutting machine and 16 series products.