Asia Pacific Carbon Fiber Market Size & Outlook, 2022-2030

The carbon fiber market in Asia Pacific is expected to reach a projected revenue of US$ 2,971.0 million by 2030. A compound annual growth rate of 10.8% is expected of Asia Pacific carbon fiber market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,309.7
Forecast, 2030 (US$M)
$2,971.0
CAGR, 2023 - 2030
10.8%
Report Coverage
Asia Pacific

Asia Pacific carbon fiber market highlights

  • The Asia Pacific carbon fiber market generated a revenue of USD 1,309.7 million in 2022.
  • The market is expected to grow at a CAGR of 10.8% from 2023 to 2030.
  • In terms of segment, pan was the largest revenue generating raw material in 2022.
  • PAN is the most lucrative raw material segment registering the fastest growth during the forecast period.
  • Country-wise, China is expected to register the highest CAGR from 2023 to 2030.


Asia Pacific data book summary

Market revenue in 2022USD 1,309.7 million
Market revenue in 2030USD 2,971.0 million
Growth rate10.8% (CAGR from 2022 to 2030)
Largest segmentPan
Fastest growing segmentPAN
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPAN, Pitch
Key market players worldwideDowAksa, Formosa Plastics Group, Hexcel Corp, Jiangsu Hengli Hydraulic, Mitsubishi Chemical Group Corp, SGL Group, Solvay SA, Teijin Ltd, Toray Industries Inc, A & P Technology, ENF Solar, Hyosung Advanced Materials, Nippon Graphite Fiber


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 28.1% of the global carbon fiber market in 2022.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 3,498.8 million by 2030.

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Carbon Fiber Market Scope

Carbon fiber market segmentation & scope
PAN
Pitch
Small tow
Large Tow
Automotive
Aerospace & Defense
Wind Turbines
Sports/Leisure
Molding & Compound
Construction
Pressure Vessels
Others

Carbon Fiber Market Companies

Name Profile # Employees HQ Website

Asia Pacific carbon fiber market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon fiber market will help companies and investors design strategic landscapes.


Pan was the largest segment with a revenue share of 96.32% in 2022. Horizon Databook has segmented the Asia Pacific carbon fiber market based on pan, pitch covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific carbon fiber market databook

  • Our clientele includes a mix of carbon fiber market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carbon fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carbon fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific carbon fiber market size, by country, 2018-2030 (US$M)

Asia Pacific Carbon Fiber Market Outlook Share, 2022 & 2030 (US$M)

Asia Pacific carbon fiber market size, by country, 2018-2030 (US$M)

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