The market size and growth of the carbon fiber industry!

In recent years, both the global and Chinese carbon fiber markets have shown a rapid growth trend. In 2022, the market size of carbon fiber in China was 12.81 billion yuan, representing a year-on-year growth of 20.69%. The market size in 2023 was approximately 15.37 billion yuan. It is estimated that the market size will reach 17.14 billion yuan in 2024, demonstrating a continuously positive development trend in the industry.

From a global perspective, the global carbon fiber production capacity increased to 290,000 tons per year in 2023, a growth of 12.3% compared with 2022. The operating capacity of carbon fiber in China was 140,800 tons, an increase of 25.7% compared with the previous year. It is expected that China's carbon fiber production capacity will reach 145,600 tons and the output will reach 68,000 tons in 2024. These data indicate that the carbon fiber products industry is in a stage of rapid development, with its market size constantly expanding.