In the middle of the 20th century, developed countries invested a lot of manpower and material resources in the research of carbon fiber. Carbon fiber composite materials were initially favored in the military aerospace field due to their irreplaceable material properties in lightweight structures. In 1959, Akio Shindo of the Osaka Industrial Technology Test Institute in Japan first invented polyacrylonitrile (PAN)-based carbon fiber. In 1964, Watt and others of the Royal Aeronautical Establishment (RAE) in the United Kingdom opened up the process of producing high-performance polyacrylonitrile (PAN)-based carbon fiber. During the thermal stabilization process of the fiber, tension drafting was applied to meet the structural transformation, making polyacrylonitrile (PAN)-based carbon fiber a mainstream product, and the commercial application of civil carbon fiber was launched in the 1970s. From the 1980s to the 1990s, carbon fiber developed rapidly under the leadership of the civil aviation field. In the 21st century, the production process technology of carbon fiber has matured. With the expansion of the application field of carbon fiber, the market demand for carbon fiber has increased sharply, and the carbon fiber industry has become increasingly mature.

From the perspective of the global carbon fiber market share, the international carbon fiber market is still monopolized by Japanese and American companies. Japan is the world's largest producer of carbon fiber. The world's carbon fiber technology is mainly in the hands of Japanese companies. The carbon fiber it produces is in a leading position in the world in terms of quality and quantity. Japan's Toray is the "leader" in the world's high-performance carbon fiber research and production.

Data shows that in the small-tow carbon fiber market, Japanese companies account for 49% of the global production capacity; in the large-tow carbon fiber market, Japanese companies account for 52% of the global production capacity, and American companies account for 24% of the global production capacity. Japan and the United States together have 76% of the world's large-tow carbon fiber production capacity, and are in a clear dominant position.