Asia-Pacific Carbon Fiber Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Asia-pacific carbon fiber market is projected to register a CAGR of more than 6% during the forecast period (2022-2027).
Due to COVID-19, the production in various industries, including automotive, construction, aerospace, etc., decreased. The Asia-pacific automotive supply industry has been heavily impacted by the COVID-19 pandemic. The aerospace and defense industry, a major end user of the carbon fiber market, took a major hit in 2021, owing to COVID-19. However, the market is excepted to retain its growth trajectory in 2022.
Key HighlightsThe Asia-Pacific carbon fiber market is highly consolidated. Some of the major companies (not in a particular order) include Mitsubishi Chemical Carbon Fiber and Composites Inc., SGL Carbon, Solvay, TEIJIN LIMITED, and TORAY INDUSTRIES INC.
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