Abstract: By discussing the spinning, pre-oxidation, carbonization, compounding and recycling technologies for making carbon fiber and related composites, the paper discussed the present situation of technological development in the field of carbon fiber and related composites; analyzed the market situation of such products and their application prospects in aerospace, national defense, wind turbine, sport and leisure,transportation vehicles, civil-engineering, etc. It also pointed out some problems existing in China’s carbon fiber industry and gave related solutions.

Key words: polyacrylonitrile; carbon fiber; composites