Analysis of the current development status of the carbon fiber industry market in China in 2020

2021-05-18


Carbon fiber demand: The overall demand is on the rise, with a total demand of 37,840 tons in 2019.

Current Development Status of the Carbon Fiber Industry

——Carbon Fiber Demand: Overall demand is on the rise, with total demand in 2019 reaching 37,840 tons.

From 2016 to 2019, the demand for carbon fiber in China showed an overall upward trend. In 2019, the total demand for carbon fiber in China was 37,840 tons, a year-on-year increase of 22%. Among this, the import volume was 25,840 tons, a year-on-year increase of 17.5%; domestic production was 12,000 tons, a year-on-year increase of 33%.

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——Application Fields: In 2019, carbon fiber in China was mainly used in wind turbine blades and sports fields, accounting for a total of 73.5% of total demand.

In 2019, carbon fiber in China was mainly applied in wind turbine blades and sports fields, with the demand for carbon fiber in wind turbine blades accounting for 36.5% of total demand; followed by sports in mainland China and Taiwan, each accounting for 18.5% of total demand. The proportions for construction reinforcement, pressure vessels, mixed molding, and carbon-carbon composites were around 3-4%.

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——Regional Demand: In 2019, Jiangsu, Guangdong, and Shandong had a high demand for carbon fiber, collectively accounting for 76% of the national total demand.

Looking at the demand from major provinces, in 2019, Jiangsu, Guangdong, and Shandong had a high demand for carbon fiber, accounting for 34%, 22%, and 20% of total demand respectively, totaling 76% of the national demand. Shanghai and Fujian each accounted for 6% of total demand, while Tianjin, Zhejiang, and Liaoning each accounted for 3%.

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——Regional Consumption Amount: In 2019, Guangdong, Jiangsu, Shanghai, and Shandong had a high consumption amount for carbon fiber, collectively accounting for 77% of the national total consumption.

From the perspective of carbon fiber consumption amounts in major provinces, in 2019, Guangdong, Jiangsu, Shanghai, and Shandong had high consumption amounts, accounting for 22%, 20%, 20%, and 15% of the total amount respectively, totaling 77% of the national total consumption amount. Fujian accounted for 6% of the total consumption amount, while Tianjin, Zhejiang, Liaoning, and Beijing had relatively small proportions.

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——Carbon Fiber Supply Structure: In 2019, the proportion of imported carbon fiber reached 68.3%, with the main import regions being Japan and Taiwan.

In terms of carbon fiber supply in China, in 2019, 31.7% of carbon fiber was domestically produced, while the proportion of imported carbon fiber reached 68.3%. The main import regions were Japan and Taiwan, with import volumes accounting for 20.3% and 15% of China's total demand respectively; the United States, Mexico, and South Korea accounted for 7.3%, 6.5%, and 5.5% of total demand respectively.

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