"The Rising Bio-based Carbon Fiber Industry in the Context of Carbon Neutrality

03.04.24 01:12 AM By WenZi

With global climate change and environmental problems becoming increasingly serious, carbon neutrality has become a global concern. Against this background, the bio-based carbon fiber industry is on the rise. Bio-based carbon fiber is a kind of carbon fiber prepared from biomass, which has the characteristics of high strength, high rigidity, high durability, etc. It is a kind of green and environmentally friendly material, which can be used in automotive, aerospace, sports equipment and other fields. Below, this article will discuss the current situation and future development trend of bio-based carbon fiber industry from industry analysis, industrial background, application scenarios and other aspects.

I. Industry analysis 

Global market size

Bio-based carbon fiber industry is an emerging industry and the market size is expanding rapidly. According to Markets and Markets, a market research firm, the global bio-based carbon fiber market size is forecast to grow from USD 128 million in 2019 to USD 376 million by 2025, at a CAGR of 18.1%. 




industry chain structure

The industrial chain of bio-based carbon fiber includes upstream raw materials, midstream production and downstream application links. Among them, upstream raw materials include biomass, acrylonitrile, etc.; midstream production includes spinning, carbonization, surface treatment, etc.; downstream applications include automotive, aerospace, sports equipment and other fields.

competitive landscape

At present, the global bio-based carbon fiber market is mainly monopolized by a few companies such as Toray of Japan, Toho Chemical of Japan and Huntsman of the United States. Among them, Toray is the world's largest carbon fiber manufacturer, its bio-based carbon fiber products "Toyobo-100" has been applied to the automotive field. 

II. Industrial background

Policy support

As global environmental awareness increases, governments have introduced policies to support the development of green industries. For example, the European Union has incorporated biomass materials into its strategic planning for sustainable development, encouraging enterprises to use biomass materials instead of traditional petrochemical materials. In addition, China, Japan and other countries have also given policy support to the bio-based carbon fiber industry. 

technological progress

As technology continues to advance, the cost of preparing bio-based carbon fibers is gradually decreasing and their performance is improving. For example, Toray of Japan has developed a new type of bio-based carbon fiber that is stronger than traditional carbon fibers, while the catalyst used in the preparation process is also harmless. 

Market

With the rapid development of global automotive, aerospace, sports equipment and other fields, the demand for high-performance, environmentally friendly materials is increasing. Bio-based carbon fiber, as a green and environmentally friendly material, has received widespread attention and recognition in the market. 

III. Application scenarios

Automotive

Bio-based carbon fiber applications in the automotive field mainly include bodies, frames and seats. Compared with traditional metal materials, bio-based carbon fiber has higher strength, rigidity and durability, while the weight is greatly reduced, which can improve the fuel efficiency and performance of the car. Currently, well-known automotive brands such as BMW and Audi have applied bio-based carbon fiber in automotive production. 

 



The applications of bio-based carbon fibers in the aerospace field mainly include aircraft fuselage, wings and seats. Compared with traditional metal materials, bio-based carbon fibers have higher strength and rigidity, which can increase the load capacity of aircraft and improve flight speed. Currently, airlines such as Boeing and Airbus are already using bio-based carbon fiber materials in their research and development. 

The applications of bio-based carbon fiber in the field of sports equipment mainly include golf balls, tennis rackets, bicycle frames and so on. Compared with traditional materials, bio-based carbon fiber has higher strength and rigidity, which can improve the performance and life of sports equipment. At present, many famous sports brands at home and abroad have begun to use bio-based carbon fiber materials. 

In short, the bio-based carbon fiber industry is on the rise with the background of carbon neutrality. In the future, with the continuous progress of technology and increased market demand, the bio-based carbon fiber industry will usher in a broader space for development.