The Asia-Pacific carbon fiber market by volume was 24.34 thousand metric tons in 2015 and is projected to reach 51.02 thousand metric tons in 2020, witnessing the growth at a CAGR of 16 % for the forecast period.
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Asia-Pacific is the biggest market for carbon fiber with a share of about 35% and is expected to remain at the top for the forecast period. The Japanese carbon fiber market has taken a huge leap forward in the last year; not only has its largest player grown bigger, but Japan has also been responsible for some technology breakthroughs.
It covers a share of about 20% of the global production capacity for carbon fiber.
Carbon fiber is a material consisting of thin, strong crystalline filaments of a few microns of carbon atoms, which are the strengthening element.Carbon fiber finds its usage as a carbon fiber reinforced plastic (CFRP) component in various industries.
CFRP is a composite material, consisting of various carbon fibers and thermosetting resins. Carbon fiber and/or CFRPs main application segments include aerospace & defense, wind energy, automobile, sports equipment, marine, civil, and molding & compound.
Carbon fiber is also utilized in bulk for the production of industrial components used in the electronic and pharmaceutical industry.
Some of the major manufacturers of carbon fibers in Asia-Pacific are:
Nippon Graphite Fiber Corporation
Toho Tenax, Zoltek Companies Inc.
Toray Industries Inc.
Key Deliverables in the Study
Analysis for the Asia-Pacific carbon fiber market, with region specific assessments and competition analysis on a regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific carbon fiber market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped
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