Asia Pacific Carbon Fiber Market to 2027 - Drivers, Restraints, Opportunities & Trends - ResearchAndMarkets.com

The "Asia Pacific Carbon Fiber Market to 2027 - Regional Analysis and Forecasts By Precursor; Form; End Use Industry, and Countries" report has been added to ResearchAndMarkets.com's offering.

The APAC carbon fiber market is accounted to US$ 988.2 Mn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2019 - 2027, to account to US$ 2,794.8 Mn by 2027.

The APAC carbon fiber market is segmented on the basis of precursors as PAN-based and pitch. The PAN-based APAC carbon fiber market is estimated to hold a dominant share in the market. Polyacrylonitrile (PAN) contains ~68% of carbon and is one of the most widely used precursors in carbon fiber manufacturing. PAN is polymerized from acrylonitrile (AN) by the commonly used, inhibitory azo compounds and peroxides through the polymerization process. Suspension polymerization and solution polymerization are the two major types of this process. The solution polymerization is the preferred method as the PAN solution that is produced can be directly used as a fiber spinning dope on the removal of unreacted monomers. To produce PAN with higher molecular weights, the solvent needs to have a low chain transfer coefficient. The most commonly used solvents in this process are sodium thiocyanate, zinc chloride, and dimethyl sulfoxide.

The APAC carbon fiber market is segmented based on form as composites and non-composites. The composites segment accounts for the largest share in the APAC carbon fiber market, while the non-composites segment also contributes a significant share in the market. The carbon fiber reinforced polymers are advanced composite materials that are used in a wide variety of applications, from the sports equipment to the aerospace and automotive sector. Carbon fibers, when bound with plastic polymer resin, produce a composite material that is durable, extremely strong, and lightweight that can be used in various forms, including tubes, tows, and fabrics. The steady decrease in the prices, coupled with the availability of multiple carbon fibers and polymer matrix materials, have helped the carbon fiber polymer composite materials to achieve an essential position in the Asia Pacific market. Epoxy is the most commonly used carbon fiber composite material.

Increasing demand to utilize renewable resources has led to an upsurge for the installation and demand for wind farms, with wide tracts of land and coastal areas devoted to the operation of wind turbines. The wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as carbon fiber is an upcoming component for the construction of wind turbines, specifically the blades. The companies operating in the market have discovered that the longer the blades are on a turbine, the more energy can be generated. The carbon fiber plays a vital role in the wind energy industry. Large blades are typically designed by stiffness and deflection, rather than taking into consideration the material strength. The high stiffness characteristic of carbon fiber lowers the blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Carbon fiber is added in the spar cap, which is known to be the backbone of the blade.

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific carbon fiber market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Carbon Fiber Market Landscape

4.1 Market Overview

4.2 PEST Analysis - Asia Pacific

5. Carbon Fiber Market - Key Industry Dynamics

5.1 Market Drivers

5.2 Restraints

5.3 Opportunity

5.4 Future trends

5.5 Impact Analysis of Drivers and Restraints

6. Carbon Fiber - Asia Pacific Market Analysis

6.1 Asia Pacific Carbon Fiber Market Overview

6.2 Asia Pacific Carbon Fiber Market Forecast and Analysis

7. Asia Pacific Carbon Fiber Market Analysis - By Precursor

7.1 Overview

7.2 Asia Pacific Carbon Fiber Market Breakdown, By Precursor, 2018 & 2027

7.3 Polyacrylonitrile (PAN)

7.4 Pitch

8. Asia Pacific Carbon Fiber Market Analysis - By Form

8.1 Overview

8.2 Asia Pacific Carbon Fiber Market Breakdown, By Form, 2018 & 2027

8.3 Composites

8.4 Non-Composites

9. Asia Pacific Carbon Fiber Market Analysis - By End-use industry

9.1 Overview

9.2 Asia Pacific Carbon Fiber Market Breakdown, By End-use industry, 2018 & 2027

9.3 Automotive

9.4 Aerospace and Defence

9.5 Construction

9.6 Sporting Goods

9.7 Wind Energy

9.8 Others

10. Carbon Fiber Market - Country Analysis

10.1 Overview

10.1.1 Asia Pacific Carbon Fiber Market Breakdown, by Key Countries

10.1.1.2 China Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.3 India Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.4 Japan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.6 South Korea Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.7 Taiwan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

10.1.1.8 Rest of Asia Pacific Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)

11. Industry Landscape

11.1 Overview

11.2 Merger & Acquisition

11.3 Product News

11.4 Market Initiatives

12. Company Profiles

12.1 DowAksa

12.2 Formosa Plastics Corporation

12.3 Hexcel Corporation

12.4 Hyosung Corporation

12.5 Kureha Corporation

12.6 Mitsubishi Chemical Corporation

12.7 SGL Carbon

12.8 Solvay

12.9 Teijin Limited

12.10 Toray Industries, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/fgeqxd

View source version on businesswire.com: https://www.businesswire.com/news/home/20200221005309/en/