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Carbon fiber, a bright future

 The carbon fiber industry mainly divided into three areas: aerospace, consumer/leisure, industrial (including automotive and energy).For years, the world's major (75%) of the carbon fiber consumption mainly industry, industry in the future also will be the main growth areas of carbon fiber.

The global carbon fiber demand forecasting (unit: tons)

Market 2015 2020 2024 average annual compound growth rate
Aerospace 15460  22100 21650  3.4%
Industry 52800 118490 178920 13%
Consumption/leisure 14830 16740 18620  2.3%
Total 83090 157320 219200 10.2%

 

The global carbon fibre supply forecasts (unit: tons)

year The rated capacity The actual production
2015 143595 93171 
2020 180600 129965

 

Key terminal markets around the world for carbon fiber demand forecasting (unit: tons)

Market 2015 2020 2024 CAGR 
The commercial aircraft structure  5545 8880 8293 4.1%
The car 10056 23456 47011 13.7%
The pressure vessel 5364 19519 39955 22.24%
wind 15000 30000 32643 8.0%

 

Cars will eventually as we always wanted to become the mainstream of the carbon fiber.A consensus in the meeting is automotive original equipment manufacturers are likely to continue is unknowable and eclectic method of car development, according to the mechanical performance and cost allow mix is the use of steel, aluminum and composite materials.
Used in automobile and ship compression, storage and transportation of liquefied natural gas (LNG) of carbon fibre composite pressure vessel will boost the growth of the carbon fibre, especially in Asia, South America and parts of Europe.
Carbon fiber is expected to steady growth in the field of wind power (compound annual growth rate of 8%), but the growth rate of slightly less than the average growth level of the whole carbon fiber industry (10.2%).However, the situation will change too, because the U.S. congress on December 16 through a new budget plan, including five years of renewable energy production tax credit update (PTC).This opened the unprecedented stable PTC window, may stimulate the new round of wind power installed a lot.
In the end, is expected to around 2020, the carbon fiber demand will exceed supply.This may in 2018 to 2019 to stimulate the expansion of the carbon fiber production to some extent.
In short, because in the foreseeable future growth trajectory of carbon fiber, looks very reliable basis, so the data is possible

 

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