Fiber medicine

Global and Chinese Carbon Fiber Industry Report 2021

DUBLIN, March 24, 2022 /PRNewswire/ — The “Global and Chinese Carbon Fiber Industry Report 2021-2026” report has been added to from ResearchAndMarkets.com offer.

As a new material with good mechanical properties, carbon fiber has both the intrinsic properties of carbon materials, and the flexibility and machinability of textile fiber. In combination with base materials like resin, metal and ceramics, the new generation reinforced fiber with unique properties of high strength and high modulus can be made into composites widely used in military industry, aerospace , transportation, new energy, light automotive and sports gear. among others. In 2020, global carbon fiber production reached 106.9 kt, after more than 100 kt in 2019; global carbon fiber demand has consistently supported growth at an annualized rate of 3%, well below 12% in 2019.

By global application, in 2020 wind turbine blades and aerospace demanded the most carbon fiber, up to 30.6kt and 16.5kt, respectively. The wind segment still shows a significant growth of 20%, compared to the hard-hit aeronautical segment (civil aviation and business jets have been strongly affected) which consumes much less carbon fiber. Wind energy is a promising market, especially when wind energy companies China use carbon fiber in large quantities.

In 2020, the global carbon fiber industry had an effective capacity of 167.9 kt, about 13 kt more than in 2019. The United States, China and Japan had a capacity of 37.3 kt, 36.2 kt and 29.2kseparately, together sweeping over 60% of the global total.

As the world’s largest carbon fiber market, China is always demanding more carbon fiber. In 2020, its total demand reached 48.9 kt, a year-on-year jump of 28.97%, posting a six-year CAGR of 23.8%.

In terms of demand for China, in 2020, carbon fiber was widely used in wind turbine blades and sports: wind turbine blades accounted for 40.9% of total demand; Sports & Leisure follow with a share of 29.9%. Carbon/carbon composites, building reinforcement, pressure vessels, hybrid molding and aerospace each took 3% to 6%.

According to provincial demand, in 2020, jiangsu, shandong and Guangdong demanded more carbon fiber, respectively occupying 38%, 22% and 19% of China’s total demand, totaling 79%; Fujian and Shanghai shared 6% and 5% each; other provinces took relatively small shares. Guangdong who remained stubbornly in first place was overtaken by jiangsu in 2019 and is exceeded by shandong in 2020 because of the power of the reels.

Among the current carbon fiber producers, the top five companies are from Japan Toray (including the acquired American company Zoltek), Mitsubishi Chemical and Toho, germany SGL Carbon and the American Hexcel, four of which are American and Japanese players with a combined operational capacity of 91.6 kt, or 53.36% of the world total.

Toray is at the forefront of high performance carbon fiber R&D and production, making it a recognized benchmark in the industry, with an operational capacity of 54.5kt in 2020, or 31.75% of capacity global total. Toray has a say in the industry as its carbon fiber patterns and classification are common benchmarks.

Although the global market is still monopolized by a few developed countries, carbon fiber companies China are working hard on it: in 2020, China had a capacity of 45 kt in operation, or 26.2% of the world total.

Typical local players include Zhongfu Shenying Carbon Fiber, Jiangsu Hengshen and GW Compos. In 2020, the world has increased its capacity: the 5 kt/a of Zoltek in Hungary2 kt/year from Tangu and Baojing, 2 kt/year from Zhongfu Shenying carbon fiber, 2 kt/year from GW Compos and 2 kt/year from Hyosung.

The Global and Chinese Carbon Fiber Industry Report 2021-2026 highlights the following:

  • Carbon fiber (classification, technological level, industrial chain, etc.);
  • Global Carbon Fiber Market (status quo, supply and demand, competitive landscape, patents, prices, development trends, etc.);
  • China carbon fiber market (policies, status quo, supply and demand, industry structure, import and export, competitive landscape, price, development trends, etc.);
  • Carbon Fiber Composites Market (Size, Structure, Cost Structure, Patents, Competitive Landscape, etc.);
  • Upstream market (precursor) and downstream markets (aeronautics & aerospace, automotive, wind power, sports & leisure, etc.) (size, application, etc.);
  • 11 foreign producers and 14 Chinese producers of carbon fibers and composites (operation, carbon fiber activity, etc.)

Main topics covered:

1. Introduction of carbon fiber
1.1 Definition and properties
1.2 Process flow
1.3 Classification
1.4 Application
1.5 Technical level
1.6 Industry Chain

2. Global carbon fiber market
2.1 Status quo
2.2 Supply and demand
2.2.1 Procurement
2.2.2 Application
2.3 Competitive Landscape
2.4 Technology and production equipment
2.5 Cost and price
2.6 Development trend

3. Chinese carbon fiber market
3.1 Policy
3.2 Status quo
3.3 Supply and demand
3.3.1 Procurement
3.3.2 Application
3.4 Industrial layout
3.5 Competitive Landscape
3.6 Production equipment
3.7 Price
3.8 Technical level
3.9 Import and export
3.9.1 Carbon fiber
3.9.2 Carbon fiber prepreg
3.9.3 Other carbon fiber products
3.10 Development trend

4. Carbon fiber composites
4.1 Market Size
4.2 Market structure
4.2.1 Carbon fiber composites
4.2.2 Carbon Fiber Reinforced Polymer (CFRP)
4.3 Cost structure
4.4 Current competition

5. Upstream and downstream industrial chains
5.1 Upstream carbon fiber precursor
5.1.1 Global
5.1.2 China
5.2 Downstream applications
5.2.1 Aeronautics and aerospace
5.2.2 Automotive
5.2.3 Wind energy
5.2.4 Sports & Recreation
5.2.5 Others

6. Main foreign companies
6.1 Toray
6.2 Teijin
6.3 Mitsubishi Chemical Corporation
6.4 Kureha
6.5 Hexcel
6.6 Solvay
6.7 SGL Carbon
6.8 Formosa Plastics
6.9 Hyosung Advanced Material (HAMC)
6.10 Taekwang
6.11 Dow Aksa

7. Carbon fiber manufacturers in mainland China
7.1 Jiangsu Hengshen
7.2 Jilin Tangu Carbon Fiber
7.3 Fangda Carbon New material
7.4 Jiangsu Kangde Xin Composite Material Co., Ltd.
7.5 Zhongfu Shenying Carbon Fiber Co., Ltd.
7.6 Kingfa Sci.&Tech
7.7 China National Blue Star (Group) Co., Ltd.
7.8 Sinofibers Technology
7.9 Weihai Guangwei Composites
7.10 High Jiyan-technical fibers
7.11 Jiangsu Tianniao High Tech
7.12 Jilin Shenzhou Carbon Fiber Co., Ltd.
7.13 Shanghai Petrochemical
7.14 Xinwanxing

For more information on this report, visit https://www.researchandmarkets.com/r/4qz359

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SOURCE Research and Markets