Asia Pacific Carbon Thermoplastic Composites Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (PAN and Pitch), By Application (Automotive, Aerospace & Defense, Wind Turbines, Construction, and Others), and Asia Pacific Carbon Thermoplastic Composites Market Insights, Industry Trend, Forecasts to 2035

Asia Pacific Carbon Thermoplastic Composites Market Insights Forecasts to 2035

• The Asia Pacific Carbon Thermoplastic Composites Market Size Was Estimated at USD 1275.8 Million in 2024.
• The Market Size is Growing at a CAGR of 9.74% between 2025 and 2035.
• The Asia Pacific Carbon Thermoplastic Composites market is Anticipated to Reach USD 3547.6 Million by 2035.

According to a research report published by Spherical Insights & Consulting, the Asia Pacific carbon thermoplastic composites market is anticipated to Hold USD 3547.6 Million by 2035, growing at a CAGR of 9.74% from 2025 to 2035. The Asia Pacific carbon thermoplastic composites market has strong growth opportunities from electric vehicle production and aerospace manufacturing growth; Lightweight Consumer Electronics growth; Automation growth; Increased Use of Recyclable High-Performance Materials within Automotive, Industrial and Defense Applications.

Market Overview

The Asia-Pacific market for carbon thermoplastic composites has experienced phenomenal growth due to the increasing demand for lightweight and durable materials used in automotive, aerospace, electronics and industrial applications. With their superior strength-to-weight ratios, corrosion resistance, fast manufacturing speeds and ability to be recycled, carbon thermoplastic composites are optimal materials for next generation mobility and energy efficient applications. The adoption of electric vehicles at an accelerated pace within China, Japan and South Korea is significantly contributing to the growth in demand for lightweight structural components. In addition, increased investment in automation and robotics, growing demand for consumer electronics and growth in the aerospace manufacturing sector will all contribute positively to the Asia Pacific carbon thermoplastic composites market's growth. Furthermore, regional initiatives that promote sustainable manufacturing practices and locally produced carbon thermoplastic composite materials will help build a competitive advantage and position the Asia Pacific region as a key center of future development for advanced composite technologies.

Report Coverage

This research report categorizes the market for the Asia Pacific carbon thermoplastic composites market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific carbon thermoplastic composites market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific carbon thermoplastic composites market.

Driving Factors

The market for Asia Pacific region's carbon based thermoplastic composites has grown rapidly due a rise in lightweight material requirements by the automobiles and aerospace industries to improve their vehicle fuel efficiency and performance by lowering the overall vehicle weight and improving driving range due to low weight (Increased use of electric vehicles in China, Japan and South Korea is speeding up the requirement for durable/recyclable composite materials) and the rise in electronic products production increasing use of light weight parts for electronic devices such as cellphones and laptops. There has also been a rapid increase in the use of advanced thermoplastic processing technologies, increasing levels of industrial automation, and government incentives for sustainable materials have encouraged manufacturers to switch over to carbon based thermoplastic composite materials, thus driving the continued growth of the carbon based thermoplastic composite market in APAC regions.

Restraining Factors

The market faces restraints due to high production costs, limited availability of advanced manufacturing infrastructure, and technical complexities in processing carbon thermoplastic composites. Additionally, lower awareness and slow adoption among traditional industries hinder wider market penetration.

Market Segmentation

The Asia Pacific carbon thermoplastic composites market share is classified into raw material and application.

The PAN segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific carbon thermoplastic composites market is segmented by raw material into PAN and pitch. Among these, the PAN segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. PAN-based carbon fibers dominate due to their superior strength, stiffness, and consistency compared to pitch-based fibers. Their wide use in automotive, aerospace, electronics, and industrial applications combined with expanding production capacity in China, Japan, and South Korea continues to drive strong market growth.

The automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific carbon thermoplastic composites market is segmented by application into automotive, aerospace & defense, wind turbines, construction, and others. Among these, the automotive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Automotive demand leads due to rapid EV adoption, strict fuel-efficiency norms, and the need for lightweight, high-strength components. Carbon thermoplastic composites enable faster processing, recyclability, and weight reduction, making them ideal for structural and interior vehicle parts across China, Japan, India, and South Korea.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific carbon thermoplastic composites market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SGL Carbon SE
• Plasan Carbon Composites
• DowAksa
• Mitsubishi Chemical Group Corp
• Solvay SA
• Gurit
• Hexcel Corp
• Teijin Ltd

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific carbon thermoplastic composites market based on the following segments:

Asia Pacific Carbon Thermoplastic Composites Market, By Raw Material

• PAN
• Pitch

Asia Pacific Carbon Thermoplastic Composites Market, By Application

• Automotive
• Aerospace & Defense
• Wind Turbines
• Construction
• Others