Global carbon fiber demand will reach 140,000 tons

According to forecasts by research institutions, global carbon fiber demand will increase from 46,000 tons in 2011 to 140,000 tons in 2020. According to the construction plan announced by the carbon fiber manufacturers, the global carbon fiber production capacity will increase from 102,000 tons in 2011 to 129,000 tons in 2015 and is expected to further increase to 185,000 tons in 2020.

At present, the global carbon fiber application needs are divided into 17% for aviation, 67% for industrial applications (including wind energy and automobiles), and 16% for sporting goods. It is predicted that by 2020, the demand for two major applications of wind power and automobiles will account for 46% of the world's total carbon fiber demand. The demand for the wind energy industry (by weight) will increase from 10,440 tons in 2011 to 54,270 tons in 2020. The demand in the aviation/defense field is expected to increase from 7,694 tons in 2011 to 18,462 tons in 2020.

The growth in demand has driven global carbon fiber production companies to expand production. For example, Toray plans to increase its annual production capacity to 27,100 tons in 2015; SGL's US plant has been put into operation with annual production capacity of 3,000 tons. In addition, many companies in China have already built or are constructing carbon fiber precursors and carbonization plants. It is expected that by 2020, Japan's production of carbon fiber will account for 25% of the world's total production, the United States accounts for 28%, Europe accounts for 28%, China accounts for 9%, and other regions account for 10%.

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