What is the market size of the carbon fiber industry?

The carbon fiber industry is a strategic emerging industry, with broad development prospects in the lightweight market, and irreplaceable advantages in national defense, security, aerospace and other sectors.

The size of the carbon fiber market has maintained a growing trend, from US$482 million in 2016 to US$1.027 billion in 2020, with a compound annual growth rate of 20.82%.

The strategy of "carbon peaking and carbon neutrality" proposed at the end of 2020 will have a profound impact on the carbon fiber industry. The new energy strategy will greatly stimulate the development of renewable or new energy such as wind power, photovoltaics, and hydrogen energy.

With the continuous development and expansion of downstream application fields, the demand for carbon fiber is expected to further increase. It is estimated that the carbon fiber market size will reach 1.435 billion US dollars in 2022.

The registered trademark of Yancheng Xiangsheng Carbon Fiber Technology Co., Ltd. is "Xiangli", which is committed to researching the functionality and design diversity of carbon fiber, aramid fiber and other special fiber composite materials, and has developed a rotorcraft shell with independent intellectual property rights. , landing gear, aircraft plant protection spraying system, seaplane pontoon, swamp boat, aerodynamic boat, aviation communication helmet, carbon fiber for plastic reinforcement, carbon fiber powder for friction material, chopped carbon fiber for braking system, and carbon fiber rope, carbon fiber cloth , carbon fiber filament special fiber cutting machine and other 16 series products.