Asia-Pacific carbon fiber market is estimated to grow significantly at a CAGR of around 9.4% during the forecast period owing to the significant production of the electric vehicle, growing aviation sector, and rising government expenditure in aerospace & defense. Aircraft manufacturers are expanding their production capacity in the region, which is further reinforcing the demand for carbon fiber. Boeing and Airbus SE are some renowned aircraft manufacturers with production facilities across Asia-Pacific countries, including China and India.
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The Commercial Aircraft Corp. of China, Ltd. and Hindustan Aeronautics Ltd. is also significantly focusing on accelerating their production capacity to meet the emerging demand for commercial and military aircraft. This will likely support the demand for carbon fiber owing to its potential benefits such as weight reduction and resultant fuel efficiency. The rising demand for clean energy sources is further driving the market growth in the region.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
Asia-Pacific Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon Fiber
Asia-Pacific Carbon Fiber Market by Industry Verticals
- Aerospace & Defense
- Automotive
- Construction Infrastructure
- Others (Sporting Goods)
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Formosa Plastics Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Kureha Corp.
- Nippon Carbon Co. Ltd.
- Osaka Gas Chemicals Co., Ltd.
- Toray Industries Inc.
- Teijin Ltd.
- Taekwang Industrial Co. Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFU SHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific carbon fiber market.
- Insights about market determinants which are stimulating the Asia-Pacific carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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