Made of carbon fiber and composite materials is expected to break through the strong
Automotive, wind energy, aerospace three major areas of application will drive the rapid growth of demand for carbon fiber and composite materials, carbon fiber demand 13-18 years compound annual growth rate of 17%. In the automotive, aerospace and other fields increased demand for lightweight, high strength material background, carbon fiber and composite materials in the rapid development stage. According to our forecasts, the global carbon fiber demand growth in 2013 from 46,500 tons to 101,420 tons in 2018, the annual compound growth rate of 17%. Among the fastest growing areas of automotive and wind turbine blades, the annual compound growth rate of 41% and 15%.
Decreased carbon fiber price trends will further promote its applications in the automotive, wind energy and other cost-sensitive areas.
From the historical development of the industry, the price of carbon fiber exhibits characteristics of trend decline. On the surface this is a new entrant impact on existing carbon fiber price system; the deeper reason is that technology upgrade enables the industry cost curve downward trend. The company is still within the industry through economies of scale (a single production line more than 1,000 tons), the replacement of raw silk materials, vertically integrated industry chain a variety of ways to reduce costs. Medium and long term, the price of carbon fiber is expected to decline to less than (the current large-tow carbon fiber lowest price $ 13 per kilogram) $ 10 per kilogram. By then, the carbon fiber in this cost-sensitive automotive applications is expected to be more widely (through our estimates, carbon fiber after the price dropped to $ 10 / Kg have economic advantages compared to aluminum).