Pitch based CF Market Trends and Forecast
The future of the global pitch based CF market looks promising with opportunities in the aerospace & defense and sporting good markets. The global pitch based CF market is expected to grow with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing demand for lightweight and high-strength materials, technological advancements in pitch-based carbon fiber production processes, and growing awareness of environmental sustainability and concerns about carbon footprint.
• Lucintel forecasts that high modulus is expected to witness the highest growth over the forecast period.
• Within this market, aerospace & defense is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Pitch based CF Market
• USA - Hexcel announces plans to expand production capacity for pitch-based carbon fiber, targeting increased supply for aerospace and automotive applications. Government incentives encourage investment in domestic manufacturing, aligning with industry targets for enhanced competitiveness and reduced reliance on imports.
• Japan - Toray Industries unveils breakthrough in pitch-based carbon fiber production, aiming for higher strength-to-weight ratio. Government promotes R&D initiatives and sets targets for carbon fiber usage in automotive and renewable energy sectors, fostering innovation and sustainability in manufacturing.
• Germany - SGL Carbon collaborates with automotive manufacturers to develop lightweight components using pitch-based carbon fiber, aligning with national targets for reducing vehicle emissions. Government funding supports industry research projects and infrastructure development, facilitating market growth and technological advancement in carbon fiber applications.
• China - Government announces subsidies to stimulate growth in pitch-based carbon fiber production, targeting increased domestic supply for strategic industries. Companies like Jiangsu Hengshen set ambitious targets for capacity expansion, supported by government policies aimed at promoting indigenous manufacturing and technological innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Pitch based CF Market by Segment
The study includes a forecast for the global pitch based CF market by modulus, tow, end use, and region.
Pitch based CF Market by Modulus [Value from 2018 to 2030]:
• Standard Modulus
• Intermediate Modulus
• High Modulus
Pitch based CF Market by Tow [Value from 2018 to 2030]:
• Small Tow (<=24K)
• Large Tow (>24K)
Pitch based CF Market by End Use [Value from 2018 to 2030]:
• Aerospace & Defense
• Sporting Goods
• Others
Pitch based CF Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Pitch based CF Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pitch based CF companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pitch based CF companies profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in the Pitch based CF Market
• Hexcel: Introduces a new generation of pitch-based carbon fiber with improved mechanical properties and production efficiency, catering to growing demand in aerospace and automotive sectors.
• Toray Industries: Develops a breakthrough manufacturing process for pitch-based carbon fiber, achieving higher strength-to-weight ratio, enhancing performance in structural applications.
• SGL Carbon: Collaborates with automotive manufacturers to integrate pitch-based carbon fiber composites into vehicle components, reducing weight and improving fuel efficiency.
• Jiangsu Hengshen: Expands production capacity for pitch-based carbon fiber to meet increasing demand from various industries, leveraging government subsidies and incentives for growth and innovation.
Features of the Global Pitch based CF Market
Market Size Estimates: Pitch based CF market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Pitch based CF market size by modulus, tow, end use, and region in terms of value ($B).
Regional Analysis: Pitch based CF market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different modulus, tows, end uses, and regions for the pitch based CF market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pitch based CF market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for pitch based CF market?
Answer: The global pitch based CF market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the pitch based CF market?
Answer: The major drivers for this market are growing demand for lightweight and high-strength materials, technological advancements in pitch-based carbon fiber production processes, and growing awareness of environmental sustainability and concerns about carbon footprint.
Q3. What are the major segments for pitch based CF market?
Answer: The future of the global pitch based CF market looks promising with opportunities in the aerospace & defense and sporting good markets.
Q4. Who are the key pitch based CF market companies?
Answer: Some of the key pitch based CF companies are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which pitch based CF market segment will be the largest in future?
Answer: Lucintel forecasts that high modulus is expected to witness the highest growth over the forecast period.
Q6. In pitch based CF market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pitch based CF market by modulus (standard modulus, intermediate modulus, and high modulus), tow (small tow (<=24k) and large tow (>24k)), end use (aerospace & defense, sporting goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pitch based CF Market Market, Pitch based CF Market Market Size, Pitch based CF Market Market Growth, Pitch based CF Market Market Analysis, Pitch based CF Market Market Report, Pitch based CF Market Market Share, Pitch based CF Market Market Trends, Pitch based CF Market Market Forecast, Pitch based CF Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.