Data Bridge Market Research analyses that the pitch-based carbon fiber market will witness a CAGR of 6.4% for the forecast period of 2021-2028 and is likely to reach at USD 120.00 million by 2028.
Carbon fibre is often made in one of two ways: with polyacrylonitrile (PAN) or with pitch. A viscoelastic material made up of aromatic hydrocarbons, pitch is a viscoelastic material. Pitch is made from carbon-based elements including plants, crude oil, and coal that are distilled. Pitch is isotropic by nature, but thermal treatments can make it anisotropic. The ability to melt spin anisotropic mesophase pitch without filament breakage makes mesophase pitch the most important in carbon fibre manufacture.
The properties of non-corrosiveness, increased stiffness, chemical inertness with efficient strength of carbon fiber are the key driver for pitch-based carbon fiber market growth whereas existence of carbon fiber in field of aerospace, military, automotive, sporting goods and various industrial sectors. Moreover, growing automobile sector and aerospace field will also fuel pitch-based carbon fiber and increasing need for fuel efficient vehicles will also propel demand for market during forecast period of 2021 to 2028. In addition, technological advancement such as 3D printing which offers more efficiency as compared conventional methods and the increasing demand for pitch-based carbon fiber in both the aerospace and defense and the automobile industry will create lucrative opportunities for pitch-based carbon fiber market.
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Global Pitch-Based Carbon Fiber Market Scope and Market Size
The pitch-based carbon fiber market is segmented on the basis of type, form and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the pitch-based carbon fiber market is segmented into continuous, long, and short.
- On the basis of form, the pitch-based carbon fiber market is segmented into composite carbon fiber, and non-composite carbon fiber.
- On the basis of end-user industry, the pitch-based carbon fiber market is segmented into aerospace and defense, sports/leisure , wind turbines , molding and compounds, automotive , pressure vessels , civil engineering , marine, pultrusion misc., misc. consumer, sailing/yacht building, and others.
Pitch-Based Carbon Fiber Market Country Level Analysis
The pitch-based carbon fiber market is analysed and market size, volume information is provided by country, type, form and end-user industry as referenced above.
The countries covered in the pitch-based carbon fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the pitch-based carbon fiber market and will continue to flourish its dominance due to the rapid economic and population growth. North America will continue to project the highest growth rate in the forecast period of 2021 to 2028 because of the high growth in the aerospace and defense industries.
The country section of the pitch-based carbon fiber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Pitch-Based Carbon Fiber Market Share Analysis
The pitch-based carbon fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pitch-based carbon fiber market.
Some of the major players operating in the pitch-based carbon fiber market report are TORAY INDUSTRIES Inc., SGL Carbon, Hexcel Corporation, Mitsibishi Chemical Corporation, TEIJIN LIMITED, Farmosa Plastic Corporation, HYOSUNG., Solvay, JEC Group, Nippon Graphite Fiber Co. Ltd., SABIC, JEC Group, Koninklijke Ten Cate bv, Crosby Composites, DowAksa, UMATEX, ROSATOM State Corporation, Kemrock Industries and Exports Limited, Aeron Composite Pvt. Ltd., and Sigmatex., among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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