Asia Pacific Carbon Fiber Market Developments and Forecast by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Asia Pacific Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (PAN and Pitch) and End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, and Others)

Report Date : May 2021
Report Code : TIPRE00007897

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 104

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Carbon Fiber Market in APAC is expected to grow from US$ 1098.99 million in 2019 to US$ 2571.34 million by 2027; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027.

The China, India, and Japan are major economies in APAC. Increasing usage of carbon fiber in the sporting goods industry recently gained momentum after weak growth over the past few years The high-strength, modulus, and light-weight characteristics of carbon fiber have led to rising demand from the sporting goods manufacturing industry. Sporting goods such as golf shafts, racquets, skis, snowboards, hockey sticks, fishing rods, bats, and bicycles are manufactured using carbon fiber. Carbon fiber provides design flexibility when designing highly specific applications. The precise shape of equipment, which is critical to its performance, is easily achieved with the use of carbon fiber materials. Carbon fiber helps to enhance the performance of bikers and golfers. The most specific use of carbon fiber in the sporting equipment is seen in the tennis racket. Players can hit faster ball with the lighter racket and control the ball better with a larger area of the racket. These factors are driving the demand for carbon fiber in various sporting equipment’s. The increasing demand for carbon fiber-based sporting equipment provides a lucrative market opportunity for key and new market players. Many sports goods manufacturing in developed and developing countries such as China, Japan, India, and Taiwan are using carbon fiber.

The COVID-19 is anticipated to cause a significant economic loss in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the overall carbon fiber market

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Carbon Fiber Market APAC Carbon Fiber Market is expected to grow at a good CAGR during the forecast period.

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This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

APAC Carbon Fiber Market Segmentation

APAC Carbon Fiber Market – By Raw Material

PAN
Pitch

APAC Carbon Fiber Market– By End Use Industry

Automotive
Aerospace and Defense
Construction
Sporting Goods
Wind Energy
Others

APAC Carbon Fiber Market – By Country

China
Japan
India
South Korea
Taiwan
Rest of APAC

APAC Carbon Fiber Market -Companies Mentioned

Formosa Plastic Corporation
Hexcel Corporation
Hyosung Corporation
Kureha Corporation
Mitsubishi Chemical Corporation
SGL Carbon
Solvay
Teijin Limited
Toray Industries,Inc

Asia Pacific Carbon Fiber Report Scope

Report Attribute	Details
Market size in 2019	US$ 1098.99 Million
Market Size by 2027	US$ 2571.34 Million
Global CAGR (2020 - 2027)	11.4%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Raw Material PAN and Pitch By End Use Industry Automotive Aerospace and Defense Construction Sporting Goods Wind Energy
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	DowAksa Formosa Plastics Corporation Hexcel Corporation Hyosung Corporation Kureha Corporation Mitsubishi Chemical Corporation SGL Carbon Solvay Teijin Limited

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Asia Pacific Carbon Fiber Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Asia Pacific Carbon Fiber Market Report Snapshots

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