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Pitch-based Carbon Fiber - Global Strategic Business Report

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    Report

  • 279 Pages
  • July 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 6106177
The global market for Pitch-based Carbon Fiber was estimated at US$879.1 Million in 2024 and is projected to reach US$1.2 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Pitch-based Carbon Fiber market.

Global Pitch-Based Carbon Fiber Market - Key Trends & Drivers Summarized

What Distinguishes Pitch-Based Carbon Fibers from Other Types?

Pitch-based carbon fibers are derived from petroleum or coal tar pitch and are known for their high modulus, excellent thermal conductivity, and chemical resistance. Unlike polyacrylonitrile (PAN)-based fibers, pitch-based variants exhibit superior stiffness and are ideal for thermal management and structural applications requiring dimensional stability and low weight. These properties make them suitable for aerospace, automotive, satellite, and industrial heat dissipation components.

Production involves melt spinning of isotropic or mesophase pitch followed by stabilization, carbonization, and graphitization under controlled conditions. The result is a carbon fiber with a highly ordered crystalline structure and customizable mechanical characteristics. High-modulus and ultra-high-modulus grades are selected based on end-use stress and environmental demands.

How Are Application Areas and Processing Methods Evolving?

Pitch-based carbon fibers are increasingly used in structural components where weight reduction and rigidity are critical. Aerospace applications include satellite support trusses, solar array panels, and precision instruments. In automotive and defense sectors, they are used in brake pads, clutches, and lightweight armor. Industrial uses extend to electronics heat sinks, electrodes, and friction materials.

Processing innovations are enabling more consistent fiber quality and better matrix compatibility. Manufacturers are improving oxidation and graphitization efficiency to reduce energy consumption. Composite integration with thermoplastics and ceramics is expanding, particularly in industries focused on heat-resistant materials. The use of chopped, woven, and pre-impregnated formats is increasing to support varied fabrication needs.

Where Is Demand Accelerating and Which Segments Are Leading Adoption?

Demand is highest in aerospace and satellite industries due to the material's dimensional stability and thermal control performance. Electronics and semiconductor manufacturing are also adopting pitch-based carbon fibers for heat spreaders and electrostatic discharge (ESD) protection. In automotive sectors, luxury and performance vehicles are incorporating carbon-ceramic brakes and structural reinforcements with pitch-based composites.

North America and Japan lead in terms of production and application development. Asia-Pacific is emerging as a growth center, driven by expanding satellite programs, electric vehicle production, and electronics manufacturing. Defense and energy applications, including high-performance batteries and structural reinforcement in nuclear plants, are also contributing to market growth.

Growth in the Pitch-Based Carbon Fiber market is driven by several factors

Growth in the pitch-based carbon fiber market is driven by rising demand for high modulus materials in aerospace, electronics, and thermal management applications. Expansion of satellite deployment, increasing use in automotive braking systems, and growth in advanced electronics cooling solutions are key contributors.

Advances in fiber spinning technology, cost optimization in graphitization processes, and development of hybrid composites are supporting broader application. Adoption in structural and high-temperature components, increased use in electric and autonomous vehicle subsystems, and focus on lightweight, high-strength materials in defense and industrial manufacturing are further supporting market expansion.

Scope Of Study:

The report analyzes the Pitch-based Carbon Fiber market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Type (Composites, Non-Composites); Application (Aerospace & Defense Application, Automotive Application, Construction Application, Wind Energy Application, Sports & Leisure Application, Other Applications)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Composites segment, which is expected to reach US$686.9 Million by 2030 with a CAGR of a 3.9%. The Non-Composites segment is also set to grow at 6.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $239.5 Million in 2024, and China, forecasted to grow at an impressive 7.5% CAGR to reach $228.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Pitch-based Carbon Fiber Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pitch-based Carbon Fiber Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Pitch-based Carbon Fiber Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as A&P Technology, AGY Holding Corp., Asbury Carbons, CNBM International Corporation, Cytec Engineered Materials (Solvay) and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Pitch-based Carbon Fiber market report include:

  • A&P Technology
  • AGY Holding Corp.
  • Asbury Carbons
  • CNBM International Corporation
  • Cytec Engineered Materials (Solvay)
  • Entegris, Inc.
  • Hexcel Corporation
  • Hughes Brothers, Inc.
  • Kureha Corporation
  • Mitsubishi Chemical Group
  • Nippon Graphite Fiber Co., Ltd.
  • Nippon Steel Corporation
  • ORNL Carbon Fiber Technology Facility
  • SGL Carbon SE
  • Showa Denko K.K. (Resonac)
  • SGL Kümpers GmbH & Co. KG
  • Teijin Limited
  • Toray Industries, Inc.
  • Toyo Tanso Co., Ltd.
  • Zoltek (a Toray Company)

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

  • Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
  • Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
  • Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
  • Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
  • Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
  • Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
  • Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Tariff Impact on Global Supply Chain Patterns
  • Pitch-based Carbon Fiber - Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for High-Modulus Materials Propels Growth in Pitch-Based Carbon Fiber Applications
  • Aerospace and Defense Requirements Strengthen the Business Case for Ultra-Lightweight, High-Stiffness Carbon Fibers
  • Thermal Management Needs in Electronics and EVs Throw the Spotlight on Pitch-Based Fibers with Superior Conductivity
  • Expansion of Satellite and Spacecraft Manufacturing Drives Adoption of High-Performance Carbon Composites
  • Advancements in Precursor Purification and Processing Technologies Improve Fiber Uniformity and Yield
  • Growth in Hydrogen Storage and Pressure Vessel Applications Sustains Demand for High-Strength, Low-Weight Materials
  • Shift Toward Structural Composites in Civil Engineering Fuels Use of High-Modulus Pitch-Based Fibers
  • Emerging Applications in Wind Energy and Sporting Goods Expand the Addressable Market
  • Increased Investment in Graphitizable Carbon Products Enhances Use in Thermal Interface and EMI Shielding Materials
  • Supply Chain Limitations and High Production Costs Throw the Spotlight on Manufacturing Scalability Challenges
  • Rising Focus on Lightweighting in Automotive Components Drives R&D in Hybrid Carbon Fiber Solutions
  • Industrialization and Defense Spending Create Long-Term Growth Opportunities for Regional Producers
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Pitch-based Carbon Fiber Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Pitch-based Carbon Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Pitch-based Carbon Fiber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 4: World 16-Year Perspective for Pitch-based Carbon Fiber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2025 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 7: World 16-Year Perspective for Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Non-Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Non-Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 10: World 16-Year Perspective for Non-Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Aerospace & Defense Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Aerospace & Defense Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 13: World 16-Year Perspective for Aerospace & Defense Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Automotive Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Automotive Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 16: World 16-Year Perspective for Automotive Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Construction Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Construction Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 19: World 16-Year Perspective for Construction Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Wind Energy Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Wind Energy Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 22: World 16-Year Perspective for Wind Energy Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Sports & Leisure Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Sports & Leisure Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 25: World 16-Year Perspective for Sports & Leisure Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2023 and % CAGR
  • TABLE 28: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
CANADA
JAPAN
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
CHINA
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
EUROPE
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
FRANCE
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
GERMANY
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
ITALY
UNITED KINGDOM
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
AUSTRALIA
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
INDIA
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Pitch-based Carbon Fiber Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A&P Technology
  • AGY Holding Corp.
  • Asbury Carbons
  • CNBM International Corporation
  • Cytec Engineered Materials (Solvay)
  • Entegris, Inc.
  • Hexcel Corporation
  • Hughes Brothers, Inc.
  • Kureha Corporation
  • Mitsubishi Chemical Group
  • Nippon Graphite Fiber Co., Ltd.
  • Nippon Steel Corporation
  • ORNL Carbon Fiber Technology Facility
  • SGL Carbon SE
  • Showa Denko K.K. (Resonac)
  • SGL Kümpers GmbH & Co. KG
  • Teijin Limited
  • Toray Industries, Inc.
  • Toyo Tanso Co., Ltd.
  • Zoltek (a Toray Company)

Table Information