Mesophase Pitch-Based Carbon Fiber Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Mesophase Pitch-Based Carbon Fiber Market Size

The global Mesophase Pitch-Based Carbon Fiber market is projected to grow from US$ 925.6 million in 2024 to US$ 1367.4 million by 2030, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.

Mesophase pitch-based carbon fibers are a type of high-performance carbon fibers that are derived from a specific precursor material called mesophase pitch. Mesophase pitch is a liquid crystalline substance that forms when certain petroleum or coal tar pitches are heated and undergo a thermal transformation.

The production of mesophase pitch-based carbon fibers involves several steps. First, the mesophase pitch is spun into fibers using a process called melt spinning or wet spinning. The fibers are then stabilized by heating them in an oxygen-rich environment, which causes the pitch to cross-link and convert into a solid carbonaceous material. The stabilization process helps to maintain the fiber's shape and prevent shrinkage during subsequent carbonization.

Mesophase pitch-based carbon fibers are known for their excellent mechanical properties, including high tensile strength, high modulus of elasticity, and low thermal expansion. They exhibit superior strength-to-weight ratio compared to other types of carbon fibers, making them suitable for applications where lightweight and high-strength materials are required.

Mesophase pitch-based carbon fibers have a series of excellent properties such as high specific modulus, high specific strength, good thermal conductivity, corrosion resistance, creep resistance, low thermal expansion coefficient, high temperature resistance, and electromagnetic shielding.

Global 5 largest manufacturers of Mesophase Pitch-Based Carbon Fiber are Mitsubishi Chemical, Solvay, Nippon Graphite Fiber, Liaoning Novcarb and Jining Carbon Group, which make up about 99%. Among them, Mitsubishi Chemical is the leader with about 69% market share.

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Japan is the largest market, with a share about 78%, followed by North America and China, with share about 19% and 1%. In terms of product type, Continuous Fiber occupy the largest share of the total market, about 64%. And in terms of product application, the largest application is Aerospace & Defense, followed by Industrial Manufacturing.

In terms of production side, this report researches the Mesophase Pitch-Based Carbon Fiber production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Mesophase Pitch-Based Carbon Fiber by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.

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Report Covers:

This report presents an overview of global market for Mesophase Pitch-Based Carbon Fiber, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Mesophase Pitch-Based Carbon Fiber, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Mesophase Pitch-Based Carbon Fiber, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Mesophase Pitch-Based Carbon Fiber sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Mesophase Pitch-Based Carbon Fiber market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Mesophase Pitch-Based Carbon Fiber sales, projected growth trends, production technology, application and end-user industry.

By Type
• Chopped Fiber
• Continuous Fiber

By Application
• Aerospace & Defense
• Industrial Manufacturing
• Electronic Products

Key Companies
Solvay, Nippon Graphite Fiber, Mitsubishi Chemical, Liaoning Novcarb, Jining Carbon Group, Zhongli New Materials

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