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Asia-Pacific Green Carbon Fiber Market Forecast to 2028 – COVID-19 Impact and Regional 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)

May 2023 | 119 pages | ID: A681725A30BDEN
The Insight Partners

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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 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.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Green Carbon Fiber Market – By Type
1.3.2 Asia-Pacific Green Carbon Fiber Market – By Source
1.3.3 Asia-Pacific Green Carbon Fiber Market – By Application
1.3.4 Asia-Pacific Green Carbon Fiber Market – By Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA-PACIFIC GREEN CARBON FIBER MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. ASIA-PACIFIC GREEN CARBON FIBER MARKET – KEY INDUSTRY DYNAMICS

5.1 Market Drivers
5.1.1 Benefits of Green Carbon Fiber
5.1.2 Increase in Use of Green Carbon Fiber in Wind Energy Industry
5.2 Market Restraints
5.2.1 Scarcity of Composite Waste and Lack of Technical Expertise in Recycling Carbon Fiber
5.3 Market Opportunities
5.3.1 Key Strategic Developments by Green Carbon Fiber Manufacturers
5.4 Future Trends
5.4.1 Rising Popularity of Electric Cars and Increasing Use of Green Carbon Fiber in EVs
5.5 Impact Analysis

6. GREEN CARBON FIBER – ASIA-PACIFIC MARKET ANALYSIS

6.1 Asia-Pacific Green Carbon Fiber Market Forecast and Analysis

7. ASIA-PACIFIC GREEN CARBON FIBER MARKET ANALYSIS – BY TYPE

7.1 Overview
7.2 Asia-Pacific Green Carbon Fiber Market, By Type (2021 and 2028)
7.3 Chopped Recycled Carbon Fiber
7.3.1 Overview
7.3.2 Chopped Recycled Carbon Fiber: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Chopped Recycled Carbon Fiber: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Milled Recycled Carbon Fiber
7.4.1 Overview
7.4.2 Milled Recycled Carbon Fiber: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Milled Recycled Carbon Fiber: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

8. ASIA-PACIFIC GREEN CARBON FIBER MARKET ANALYSIS – BY SOURCE

8.1 Overview
8.2 Asia-Pacific Green Carbon Fiber Market, By Source (2021 and 2028)
8.3 Automotive Scrap
8.3.1 Overview
8.3.2 Automotive Scrap: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace Scrap
8.4.1 Overview
8.4.2 Aerospace Scrap: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

9. ASIA-PACIFIC GREEN CARBON FIBER MARKET ANALYSIS – BY APPLICATION

9.1 Overview
9.2 Asia-Pacific Green Carbon Fiber Market, By Application (2021 and 2028)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind Energy
9.5.1 Overview
9.5.2 Wind Energy: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Sporting Goods: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Green Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)

10. ASIA-PACIFIC GREEN CARBON FIBER MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 Asia Pacific: Green Carbon Fiber Market, by Key Country
10.1.1.1 Australia: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.2 Australia: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Australia: Green Carbon Fiber Market, by Type
10.1.1.2.2 Australia: Green Carbon Fiber Market, by Type
10.1.1.2.3 Australia: Green Carbon Fiber Market, by Source
10.1.1.2.4 Australia: Green Carbon Fiber Market, by Application
10.1.1.3 China: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.4 China: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 China: Green Carbon Fiber Market, by Type
10.1.1.4.2 China: Green Carbon Fiber Market, by Type
10.1.1.4.3 China: Green Carbon Fiber Market, by Source
10.1.1.4.4 China: Green Carbon Fiber Market, by Application
10.1.1.5 India: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.6 India: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 India: Green Carbon Fiber Market, by Type
10.1.1.6.2 India: Green Carbon Fiber Market, by Type
10.1.1.6.3 India: Green Carbon Fiber Market, by Source
10.1.1.6.4 India: Green Carbon Fiber Market, by Application
10.1.1.7 Japan: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.8 Japan: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.8.1 Japan: Green Carbon Fiber Market, by Type
10.1.1.8.2 Japan: Green Carbon Fiber Market, by Type
10.1.1.8.3 Japan: Green Carbon Fiber Market, by Source
10.1.1.8.4 Japan: Green Carbon Fiber Market, by Application
10.1.1.9 South Korea: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.10 South Korea: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.10.1 South Korea: Green Carbon Fiber Market, by Type
10.1.1.10.2 South Korea: Green Carbon Fiber Market, by Type
10.1.1.10.3 South Korea: Green Carbon Fiber Market, by Source
10.1.1.10.4 South Korea: Green Carbon Fiber Market, by Application
10.1.1.11 Rest of Asia Pacific: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
10.1.1.12 Rest of Asia Pacific: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.12.1 Rest of Asia Pacific: Green Carbon Fiber Market, by Type
10.1.1.12.2 Rest of Asia Pacific: Green Carbon Fiber Market, by Type
10.1.1.12.3 Rest of Asia Pacific: Green Carbon Fiber Market, by Source
10.1.1.12.4 Rest of Asia Pacific: Green Carbon Fiber Market, by Application

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Partnerships
11.4 Other Business Strategies

12. COMPANY PROFILES

12.1 Procotex Corp SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sigmatex (UK) Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carbon Conversions Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SGL Carbon SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Toray Industries Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Catack-H Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES

Table 1. Asia-Pacific Green Carbon Fiber Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Australia Green Carbon Fiber Market, by Type– Volume and Forecast to 2028 (Kilo Tons)
Table 3. Australia Green Carbon Fiber Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 7. China Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. China Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 9. China Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 11. India Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. India Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 13. India Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 15. Japan Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 19. South Korea Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Green Carbon Fiber Market, by Type – Volume and Forecast to 2028 (Kilo Tons)
Table 23. Rest of Asia Pacific Green Carbon Fiber Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific Green Carbon Fiber Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific Green Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Glossary of Terms, Asia-Pacific Green Carbon Fibers Market

LIST OF FIGURES

Figure 1. Asia-Pacific Green Carbon Fiber Market Segmentation
Figure 2. Asia-Pacific Green Carbon Fiber Market Segmentation – By Country
Figure 3. Asia-Pacific Green Carbon Fiber Market Overview
Figure 4. Asia-Pacific Carbon Fiber Market, by Type
Figure 5. Asia-Pacific Green Carbon Fiber Market , by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Global Green Carbon Fiber Market Ecosystem
Figure 8. Expert Opinion
Figure 9. Asia-Pacific Green Carbon Fiber Market Impact Analysis of Drivers and Restraints
Figure 10. Asia-Pacific Green Carbon Fiber Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 11. Asia-Pacific Green Carbon Fiber Market Revenue Share, By Type (2021 and 2028)
Figure 12. Chopped Recycled Carbon Fiber: Asia-Pacific Green Carbon Fiber Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 13. Chopped Recycled Carbon Fiber: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Milled Recycled Carbon Fiber: Asia-Pacific Green Carbon Fiber Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 15. Milled Recycled Carbon Fiber: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Asia-Pacific Green Carbon Fiber Market Revenue Share, By Source (2021 and 2028)
Figure 17. Automotive Scrap: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Aerospace Scrap: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Asia-Pacific Green Carbon Fiber Market Revenue Share, By Application (2021 and 2028)
Figure 21. Aerospace: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Automotive: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Wind Energy: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Sporting Goods: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Asia-Pacific Green Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Asia-Pacific: Green Carbon Fiber Market, by Key Country – Revenue (2021) (US$ Million)
Figure 27. Asia Pacific: Green Carbon Fiber Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. Australia: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 29. Australia: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 31. China: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 33. India: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Japan: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 35. Japan: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. South Korea: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 37. South Korea: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Asia Pacific: Green Carbon Fiber Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Rest of Asia Pacific: Green Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)


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