Global Mesophase Pitch-Based Carbon Fiber Supply, Demand and Key Producers, 2026-2032

The global Mesophase Pitch-Based Carbon Fiber market size is expected to reach $ 1663 million by 2032, rising at a market growth of 6.6% CAGR during the forecast period (2026-2032).

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.

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.

The Mesophase Pitch-Based Carbon Fiber market is experiencing robust growth, largely driven by its increasing use in high-performance applications across industries such as aerospace, defense, and automotive. Known for its superior strength-to-weight ratio, high thermal conductivity, and excellent stiffness, mesophase pitch-based carbon fiber is in high demand for manufacturing lightweight and durable components, particularly in aerospace structures and high-end automotive parts. The shift towards electric vehicles (EVs) and the emphasis on lightweighting to improve fuel efficiency and battery performance are further fueling the demand for these advanced carbon fibers. Additionally, as space exploration and defense initiatives expand, the need for lightweight, heat-resistant materials is pushing the adoption of mesophase pitch-based carbon fiber.

In the energy sector, particularly in wind turbine production, the use of mesophase pitch-based carbon fiber is becoming more prevalent due to its mechanical strength and ability to withstand extreme conditions. The market is also growing in Asia-Pacific, where rapid industrialization, infrastructure development, and increased investments in high-tech manufacturing drive the demand for advanced materials. Efforts to improve production efficiency and reduce the cost of mesophase pitch-based carbon fiber are underway, supported by investments in R&D to make it more accessible for broader applications. With ongoing advancements and a focus on sustainability in manufacturing processes, the market for mesophase pitch-based carbon fiber is poised for significant expansion in the coming years.

This report studies the global Mesophase Pitch-Based Carbon Fiber production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Mesophase Pitch-Based Carbon Fiber and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Mesophase Pitch-Based Carbon Fiber that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Mesophase Pitch-Based Carbon Fiber total production and demand, 2021-2032, (MT)

Global Mesophase Pitch-Based Carbon Fiber total production value, 2021-2032, (USD Million)

Global Mesophase Pitch-Based Carbon Fiber production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)

Global Mesophase Pitch-Based Carbon Fiber consumption by region & country, CAGR, 2021-2032 & (MT)

U.S. VS China: Mesophase Pitch-Based Carbon Fiber domestic production, consumption, key domestic manufacturers and share

Global Mesophase Pitch-Based Carbon Fiber production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)

Global Mesophase Pitch-Based Carbon Fiber production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)

Global Mesophase Pitch-Based Carbon Fiber production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)

This report profiles key players in the global Mesophase Pitch-Based Carbon Fiber market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Solvay, Nippon Graphite Fiber, Mitsubishi Chemical, Liaoning Novcarb, Jining Carbon Group, Zhongli New Materials, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Mesophase Pitch-Based Carbon Fiber market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Mesophase Pitch-Based Carbon Fiber Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Mesophase Pitch-Based Carbon Fiber Market, Segmentation by Type:
Chopped Fiber
Continuous Fiber

Global Mesophase Pitch-Based Carbon Fiber Market, Segmentation by Application:
Aerospace & Defense
Industrial Manufacturing
Electronic Products
Others

Companies Profiled:
Solvay
Nippon Graphite Fiber
Mitsubishi Chemical
Liaoning Novcarb
Jining Carbon Group
Zhongli New Materials

Key Questions Answered:

1. How big is the global Mesophase Pitch-Based Carbon Fiber market?

2. What is the demand of the global Mesophase Pitch-Based Carbon Fiber market?

3. What is the year over year growth of the global Mesophase Pitch-Based Carbon Fiber market?

4. What is the production and production value of the global Mesophase Pitch-Based Carbon Fiber market?

5. Who are the key producers in the global Mesophase Pitch-Based Carbon Fiber market?

6. What are the growth factors driving the market demand? Show more