According to the "Global High Modulus Carbon Fiber Market Insights, Forecast to 2025" released by 360 Research Reports, the global high modulus carbon fiber market will increase from USD 390.4 million in 2018 to USD 658.9 million by 2025 , The compound annual growth rate during the forecast period is 7.8%.
High-modulus carbon fiber, also known as graphite fiber, is a high-performance carbon fiber with a carbon content of more than 99%. High-modulus carbon fiber is a dual-use industrial material with unique performance. It is currently widely used in aerospace, sports equipment, and civil high-end The enhancement of advanced composite materials such as products.
According to the types of precursors, high modulus carbon fibers can be divided into PAN-based high-modulus carbon fibers and pitch-based high-modulus carbon fibers. Among them, pitch-based high-modulus carbon fibers are mainly characterized by high modulus and ultra-high thermal conductivity, while PAN-based high Modulus carbon fiber is prepared by further graphitization on the basis of high-strength mid-mode carbon fiber. Compared with PAN-based mid-mode carbon fiber, it has more obvious advantages in high modulus, high thermal conductivity, and low thermal expansion.
The high modulus of high modulus carbon fiber can give its structural parts high rigidity, and its low expansion characteristics can achieve zero deformation in high and low temperature environments. Therefore, it is the preferred material for satellite structural parts. At present, high modulus carbon fiber materials are widely used in aerospace satellite systems at home and abroad. Due to the different main characteristics of PAN-based high-modulus carbon fiber and pitch-based high-modulus carbon fiber, the former has higher strength and the latter has higher modulus, so the application parts are also different.
Take satellite structure application as an example. Pitch-based high modulus carbon fiber is mainly used for heat sink structure, and some can be used for satellite precision structure. In contrast, PAN-based high modulus carbon fiber has a wider application field, which can be used for reflectors, antennas, etc. Solar panels, booms and trusses, as well as some precision structures (shown below). At present, the global consumption of PAN-based high-modulus carbon fiber is significantly higher than that of pitch-based high-modulus carbon fiber.
Due to the high degree of integration of high-modulus carbon fiber technology and the difficulty of production, the major global high-modulus carbon fiber manufacturers are quite limited. According to the statistical report, PAN-based high modulus carbon fiber manufacturers mainly include Toray, Japan Mitsubishi Rayon, Teijin Carbon, Hexcel, Taiwan Plastics and Weihai Development Corporation, and pitch-based high modulus carbon fiber manufacturers There are mainly Japanese Mitsubishi and Solvay (formerly Cytec).
According to the statistical analysis of the consumer market, the growth rate of global high-modulus carbon fiber consumption has grown steadily. North America, Europe and Japan are still the main consumption regions due to their advanced technology and rapid economic development.