Asia Pacific Carbon Fiber Composite Market is set to grow at 12 % CAGR. is segmented by raw material, by end user and by country.
Based on raw material, Asia Pacific carbon fiber composite market is fragmented into polyacrylonitrile and petroleum Pitch. Aerospace and defense, automotive, sporting goods, wind energy, construction and infrastructure and other are application segment of Asia Pacific carbon fiber composite market. Country wise Asia Pacific carbon fiber composite market is divided into China, India, Japan, South Korea, ASEAN Countries and rest of Asia-Pacific.
Growing demand of sports goods, construction, and automotive industries is driving the Asia Pacific carbon fiber composite market. Rising wind energy applications and the increasing demand in the aerospace & defence industry offers an opportunity to Asia Pacific carbon fiber composite market. Recycling issues faced by the manufacturer coupled with supply chain management hampers the carbon fiber Composite market. Prolong durability along with enhanced strength of carbon fiber composite has replaced traditional materials in automotive manufacturing.
Automotive is leading end user segment in the Asia pacific carbon fiber composites market. Aerospace and defense is a segment with second largest share in Asia pacific carbon fiber composites market. Automotive end user segment is anticipated to exhibit highest growth in Asia pacific carbon fiber composites market during forecast. Rising utilities of the components offering superior strength along with light weight vehicle manufacturing will favour the Asia pacific carbon fiber composites market growth. Wind energy and construction and infrastructure is foreseen to gain a significant growth in Asia pacific carbon fiber composites market.
Presence of major manufacturers in the region particularly in China, Japan, South Korea and Taiwan will positively influence the revenue of Asia pacific carbon fiber composites market. Japanese sports goods industry is estimated to play a key role in driving the Japan carbon fiber composites market. Rugby World Cup and Tokyo Olympics in 2020 is poised with opportunities.
3M, Airborne International BV, Australian Aerospace Composites, AVANCO GmbH, Benteler-SGL GmbH & Co. KG, Composite Holding Company (CHC), Cytec Solvay Group, ELG Carbon Fibre Ltd., , Fehrer Automotive GmbH, Formosa Plastics Corporation, GKN Aerospace, Goodrich Corporation, Hexcel Corporation, Mitsubishi, Nippon Graphite Fiber Corporation, SABIC Innovative Plastics, SGL Carbon, Teijin Ltd., Toho Tenax, Toray Industries, Inc. are keyplayers operating in the Asia pacific carbon fiber composites market.
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Scope of the Asia pacific Carbon Fiber Composites Market
Asia pacific Carbon Fiber Composites Market By Raw Materials Type:
• Petroleum Pitch
Asia pacific Carbon Fiber Composites Market By End-user Industry:
• Aerospace and Defense
• Sporting Goods
• Wind Energy
• Construction and Infrastructure
• Other Industries
Asia pacific Carbon Fiber Composites Market By Country:
• South Korea
• ASEAN Countries
• Rest of Asia-Pacific
Key Players Analysed in Asia pacific Carbon Fiber Composites Market:
• Airborne International BV
• Australian Aerospace Composites
• AVANCO GmbH
• Benteler-SGL GmbH & Co. KG
• Composite Holding Company (CHC)
• Cytec Solvay Group
• ELG Carbon Fibre Ltd.
• Fehrer Automotive GmbH
• Formosa Plastics Corporation
• GKN Aerospace
• Goodrich Corporation
• Hexcel Corporation
• Nippon Graphite Fiber Corporation
• SABIC Innovative Plastics
• SGL Carbon
• Teijin Ltd.
• Toho Tenax
• Toray Industries, Inc.
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