Asia-Pacific Green Carbon Fiber Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Type (Chopper Recycled Carbon Fiber and Milled Recycled Carbon Fiber), Source (Automotive Scrap, Aerospace Scrap, and Others), and Application (Aerospace, Automotive, Wind Energy, Sporting Goods, and Others)


No. of Pages: 119    |    Report Code: BMIRE00028435    |    Category: Chemicals and Materials

Asia-Pacific Green Carbon Fiber Market
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The Asia-Pacific green carbon fiber market was valued at US$ 47.54 million in 2022 and is expected to reach US$ 89.87 million by 2028. It is estimated to register a CAGR of 11.2% from 2022 to 2028.

Rising Popularity of Electric Cars and Increasing Use of Green Carbon Fiber in EVs in Asia-Pacific Green Carbon Fiber Market

There has been tremendous adoption of electric vehicles globally in recent years. The rising facility of electric vehicle charging in developed and developing countries further influences the demand for electric cars. According to the International Energy Agency (IEA), electric car sales reached a record high in 2021, despite supply chain bottlenecks and the COVID-19 pandemic. In electric vehicles, recycled carbon fibers are used to make chassis, floors, roof panels, spare wheel wells, and boot or bonnet inners. Using recycled carbon fiber in automotive parts is cost-effective. This opens up new opportunities for structural batteries, where green carbon fiber becomes part of the energy system. Lightweight materials such as green carbon fiber resolve a key challenge for electrification of aircrafts and vehicles. This factor is bolstering the growth of Asia-Pacific green carbon fiber market.

Asia-Pacific Green Carbon Fiber Market Overview

The Asia Pacific green carbon fiber market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The aerospace & defense industry in Asia Pacific has been growing significantly over the past few years. In Asia Pacific, China is one of the largest aircraft manufacturers and one of the largest markets for domestic air passengers. The country's aircraft parts & assembly manufacturing sector is growing rapidly, with over 200 small aircraft parts manufacturers. Carbon fibers are increasingly utilized for numerous aerospace and defense applications as they provide endurance, strength, and stability to aircrafts. Conventional metal structures are replaced by carbon fiber-reinforced plastics (CFRP) in aircraft owing to their light but stiff design structures. Composite materials are emerging as an integral part of the aerospace industry, used for the interior of an airplane and a jet to the helicopter’s rotor blades.

Asia-Pacific Green Carbon Fiber market Revenue and Forecast to 2028 (US$ Million)

Asia-Pacific Green Carbon Fiber market Revenue and Forecast to 2028 (US$ Million)
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Asia-Pacific Green Carbon Fiber Strategic Insights

Strategic insights for the Asia-Pacific Green Carbon Fiber provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia-Pacific Green Carbon Fiber Report Scope

Report Attribute Details
Market size in 2022 US$ 47.54 Million
Market Size by 2028 US$ 89.87 Million
Global CAGR (2022 - 2028) 11.2%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Chopper Recycled Carbon Fiber
  • Milled Recycled Carbon Fiber
By Source
  • Automotive Scrap
  • Aerospace Scrap
By Application
  • Aerospace
  • Automotive
  • Wind Energy
  • Sporting Goods
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Carbon Conversions Co
  • Catack-H Co Ltd
  • Procotex Corp SA
  • SGL Carbon SE
  • Sigmatex (UK) Ltd.
  • Toray Industries Inc
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    Asia-Pacific Green Carbon Fiber Regional Insights

    The geographic scope of the Asia-Pacific Green Carbon Fiber refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia-Pacific Green Carbon Fiber market Segmentation

    The Asia-Pacific green carbon fiber market is segmented on the basis of type, source, application, and country. On the basis of type, the Asia-Pacific green carbon fiber market is segmented into chopped recycled carbon fiber and milled recycled carbon fiber. The milled recycled carbon fiber segment registered the largest market share in 2022.

    Based on source, the Asia-Pacific green carbon fiber market is further segmented into automotive scrap, aerospace scrap, and others. The automotive scrap segment registered the largest market share in 2022.

    Based on application, the Asia-Pacific green carbon fiber market is further segmented into aerospace, automotive, wind energy, sporting goods, and others. The wind energy segment registered the largest market share in 2022.

    Based on country, the Asia-Pacific green carbon fiber market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia-Pacific. China dominated the market share in 2022.

    Carbon Conversions Co, Catack-H Co Ltd, Procotex Corp SA, SGL Carbon SE, Sigmatex (UK) Ltd., and Toray Industries Inc are the leading companies operating in the Asia-Pacific green carbon fiber market.

    The List of Companies - Asia-Pacific Green Carbon Fiber Market

    1. Carbon Conversions Co
    2. Catack-H Co Ltd
    3. Procotex Corp SA
    4. SGL Carbon SE
    5. Sigmatex (UK) Ltd.
    6. Toray Industries Inc
    Frequently Asked Questions
    How big is the Asia-Pacific Green Carbon Fiber Market?

    The Asia-Pacific Green Carbon Fiber Market is valued at US$ 47.54 Million in 2022, it is projected to reach US$ 89.87 Million by 2028.

    What is the CAGR for Asia-Pacific Green Carbon Fiber Market by (2022 - 2028)?

    As per our report Asia-Pacific Green Carbon Fiber Market, the market size is valued at US$ 47.54 Million in 2022, projecting it to reach US$ 89.87 Million by 2028. This translates to a CAGR of approximately 11.2% during the forecast period.

    What segments are covered in this report?

    The Asia-Pacific Green Carbon Fiber Market report typically cover these key segments-

    • Type (Chopper Recycled Carbon Fiber, Milled Recycled Carbon Fiber)
    • Source (Automotive Scrap, Aerospace Scrap)
    • Application (Aerospace, Automotive, Wind Energy, Sporting Goods)

    What is the historic period, base year, and forecast period taken for Asia-Pacific Green Carbon Fiber Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Green Carbon Fiber Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia-Pacific Green Carbon Fiber Market?

    The Asia-Pacific Green Carbon Fiber Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Carbon Conversions Co
  • Catack-H Co Ltd
  • Procotex Corp SA
  • SGL Carbon SE
  • Sigmatex (UK) Ltd.
  • Toray Industries Inc
  • Who should buy this report?

    The Asia-Pacific Green Carbon Fiber Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia-Pacific Green Carbon Fiber Market value chain can benefit from the information contained in a comprehensive market report.

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