Aug 2023
Specialty Chemicals and Advanced Materials

Carbon Fibers (2023 Program)

Carbon fiber is a high-value product whose exceptional properties (lightweight and high strength) make it an increasingly sought-after material. Although carbon fibers can be manufactured from various precursors, over 98 percent of the global supply is currently made from polyacrylonitrile (PAN) with pitch being the next most common precursor. The cost of production via those two routes for plants located in the United States, Western Europe, Japan and China has been estimated for the first quarter of 2023. NexantECA also provided a high-level analysis of the business and strategic considerations and commented on the technology availability from the perspective of a company entering or expanding into the carbon fiber market. Global carbon fiber and carbon nanotube capacities are also detailed.