What is the growth momentum of demand in the carbon fiber industry?

In 2019, my country's total demand for carbon fiber was 37.84 million tons, of which domestically produced 12,000 tons, accounting for only 32%. Domestically produced carbon fiber has a large room for growth.

It is estimated that by 2025, the total demand for carbon fiber will reach 118.57 million tons, of which about 52,300 tons are domestically produced, and the share will increase to 44%.

The compound growth rate of carbon fiber demand is about 21%, and the compound growth rate of domestic production is about 27.8%, which is a faster industry growth rate than foreign demand.

The registered trademark ofYancheng Xiangsheng Carbon Fiber Technology Co., Ltd. is "Xiangli". Now it has developed rotorcraft shells, landing gears, aircraft plant protection spray systems, seaplane buoys, marsh boats, aerodynamic boats, etc. with independent intellectual property rights. Aviation communication helmets, carbon fiber for plastic reinforcement, carbon fiber powder for friction materials, chopped carbon fiber for brake systems, carbon fiber rope, carbon fiber cloth, carbon fiber filament special fiber cutting machine, and 16 series products.