my country’s carbon fiber composite material market continues to expand, and the rapid development of wind turbine blades drives demand to rise

Carbon fiber composite materials are inorganic high-performance materials transformed from organic fibers through a series of heat treatments. The carbon content is higher than 90%. They are currently the best fiber materials that can be mass-produced in engineering. In addition to the properties of general carbon materials such as thermal conductivity, electrical conductivity, stability, corrosion resistance, friction resistance, and high temperature resistance, carbon fiber also has the advantages of softness, high strength, high specific strength, and significant anisotropy. It is widely used in construction and automobiles. , aerospace, sports and leisure, wind power blades, fuel cells, rail transit, power cables and other fields.

According to the “China Carbon Fiber Composite Materials Industry Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center , my country is the world’s largest producer and consumer of carbon fiber composite materials, and the carbon fiber composite market size accounts for more than 45.0% of the world. In recent years, with the rapid development of my country’s aerospace, sports and leisure, national defense and security industries and the continuous expansion of the application of carbon fiber composite materials in emerging fields such as wind power generation and hydrogen energy storage and transportation, the scale of my country’s carbon fiber composite materials market has continued to expand. my country’s carbon fiber composite materials market size was 5.83 billion yuan in 2018 and 10.65 billion yuan in 2022, an increase of 4.82 billion yuan in five years, with a compound annual growth rate of 16.3%. It is expected that the size of my country’s carbon fiber composite materials market will exceed 12.39 billion yuan in 2023.

Carbon fiber composite materials are the main production materials for wind turbine blades. Compared with traditional aluminum alloy, fiberglass and other wind turbine blade materials, carbon fiber composite materials have the advantages of high strength, good toughness, friction resistance, high temperature resistance, and aging resistance. In the context of “double carbon”, my country has vigorously supported the development of the wind power industry, and the number of newly installed wind power capacity ranks first in the world. As wind turbines gradually develop towards larger sizes, the length of wind turbine blades gradually increases, and the material requirements for the production of wind turbine blades become increasingly stringent. With its excellent properties, carbon fiber composite materials have an increasing application proportion and a growing market demand. my country’s carbon fiber composite material market demand will be approximately 97,000 tons in 2021 and approximately 118,000 tons in 2022, a year-on-year increase of 21.6%.

In recent years, in order to vigorously develop carbon fiber composite materials and improve the related research and development applications of carbon fiber composite materials, the Chinese government has successively promulgated the “Implementation Plan for the “Three Products” of the Raw Material Industry”, “Guiding Opinions on the High-Quality Development of the Chemical Fiber Industry”, “Key New Materials First” Batch Application Demonstration Guidance Catalog” and other policies. Against this background, the development trend of carbon fiber composite materials in my country is good.

Industrial analysts said that compared with developed countries, my country’s carbon fiber composite materials related technologies started late. At present, Shanghai Petrochemical, Chujiang New Materials, Fangda Carbon, TBEA, Donghua Energy, Jilin Chemical Fiber, Kingfa Technology, Guoen Co., Ltd., Jihua Group, etc. are the leading enterprises in the production of carbon fiber composite materials in my country. As Jilin Chemical Fiber, Shanghai Petrochemical, Zhongjian Technology, Guangwei Composite Materials and other companies have successively announced the expansion of production capacity, my country’s carbon fiber composite production will increase rapidly, and the industry will continue to develop.