Japan Automotive Carbon Fiber Market Size, Industry Trends, Share and Forecast 2020-2026

Japan automotive carbon fiber market is estimated to grow significantly during the forecast period. The major factor that further propels the market growth includes the rising preference towards lightweight vehicles for fuel efficiency and the growing demand for electric vehicles in the country. The use of light composites in automotive can encourage advanced emission control systems, integrated electronic systems, and safety devices without rising vehicle's overall weight. Owing to the stringent environmental concerns, the demand for carbon fiber in automotive applications is estimated to grow significantly, which in turn, will drive the growth of the market.

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Japan automotive carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others.   

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Japan Automotive Carbon Fiber Market Segmentation

By Raw Material

·         Polyacrylonitrile (PAN)

·         Petroleum Pitch & Rayon

By Fiber Type

·         Virgin Carbon Fiber

·         Recycled Carbon fiber

By Application

·         Interior 

·         Exterior 

·         Structural Assembly

·         Others (Powertrain Components)

Company Profiles

·         Formosa Plastics Corp.

·         Hyosung Corp.

·         Hexcel Corp.

·         Jiangsu Hengshen Co. Ltd.

·         Nippon Carbon Co. Ltd.

·         Taekwang Industrial Co. Ltd.

·         Toray Industries, Inc.

·         Teijin Ltd.

·         Weihai Guangwei Composites Co., Ltd.

·         ZHONGFU SHENYING CARBON FIBER CO., LTD.

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