Market Forecast By Raw Material (Pan-based Carbon Fiber, Pitch-based Carbon Fiber), By Product Type (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber), By Fiber Type (Virgin Carbon Fiber, Recycled Carbon Fiber), By Modulus (Standard Modulus, Intermediate Modulus, High Modulus), By Application (Composite, Non-composite), By End-use (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Electrical & Electronics, Civil Engineering, Pipe & Tank, Marine) And Competitive Landscape
| Product Code: ETC317183 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
South Korea Carbon Fibre market currently, in 2023, has witnessed an HHI of 2209, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
| Report Name | South Korea Carbon Fibre Market |
| Forecast period | 2025-2031 |
| CAGR | 10.8% |
| Growing Sector | Aerospace & Defense |
South Korea Carbon Fibre Market report thoroughly covers the market by Raw Material, Product Type, Fiber Type, Modulus, Application, and End-Use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Korea Carbon Fibre Market is experiencing a period of significant growth, driven by the increasing demand for lightweight material across the country. This market focuses on components that are essential for the diverse range of applications, including aerospace, automotive, and sporting goods among others. With advancements in technology and infrastructure, the need for reliable and effective carbon fibres has surged. This growth is further supported by investments in high-performance materials and the expansion of various end-use industries.
According to 6Wresearch, South Korea Carbon Fibre Market size is expected to grow at a significant CAGR of 10.8% during the forecast period 2025-2031. The increasing demand for advanced materials across various sectors is driving the South Korea carbon fibre market. These fibres are key components in numerous applications, ensuring efficient performance. Additionally, the burgeoning automotive sector contributes significantly, with carbon fibres being essential for lightweight design. Furthermore, sectors like aerospace and defense, wind energy, civil engineering, and others are also witnessing growing usage of carbon fibres for robust and efficient solutions. These factors collectively accelerate market growth, indicating high potential for providers in this essential technology sector.
However, Navigating the South Korea carbon fibre market presents unique challenges. One major obstacle is the stringent regulatory landscape, requiring comprehensive compliance from manufacturers. Additionally, high technology costs could create a bottleneck in the adoption of carbon fibre, suppressing demand. Furthermore, competition from established global players exacerbates the difficulties for emerging local companies. These factors collectively create a challenging environment for new entrants and necessitate strategic planning and innovation to drive market growth and consumer adoption in this specialised field.
The South Korea Carbon Fibre Market is witnessing significant growth, with key players like Toray, Hyosung, and Teijin shaping its trajectory. These industry leaders are known for their cutting-edge technology and robust product offerings. They rely on innovation and customer-centric strategies to solidify their market position. Their carbon fibres are renowned for their high strength-to-weight ratio, durability, and adaptability, catering to a diverse consumer base.
The South Korea carbon fibre industry is witnessing significant growth, driven by active government initiatives aimed at strengthening the manufacturing sector. These policies focus on upgrading infrastructure and promoting the use of advanced materials to improve efficiency and build a competitive edge in the global market. The government's commitment to innovative materials further boosts the demand for high-quality carbon fibres, essential for a range of applications. With these strategic measures, South Korea is positioning itself as a key player in the global market, attracting investments and fostering innovation within the carbon fibre industry. This proactive approach demonstrates South Korea's dedication to sustainable development and strengthening its industrial capabilities.
The South Korea carbon fibre industry is poised for significant growth in the coming years. Key drivers include advancements in material science and an increasing demand for lightweight, high-performance solutions. The market is witnessing a shift towards the adoption of high modulus carbon fibres that can enhance the performance of various applications. With the government's push towards innovative materials, the industry is expected to see a surge in investment. Furthermore, the rise in demand for these fibres across various industry sectors promises a robust future for the market.
According to Ravi Bhandari, Research Head, 6Wresearch, the Aerospace & Defense sector is the leading end-user. This dominance is attributed to the sector's stringent demand for materials that offer exceptional strength-to-weight ratios, thermal stability, and resistance to corrosion and fatigue. Carbon fiber's unique properties make it an indispensable material for manufacturing aircraft components, unmanned aerial vehicles (UAVs), and various defense equipment that require high performance and reliability.
Based on product type, Continuous Carbon Fiber is currently leading due to its superior mechanical properties and versatility. Continuous Carbon Fibers are extensively used in the aerospace, automotive, and wind energy sectors because they offer excellent strength-to-weight ratios, durability, and thermal stability.
In the South Korea Carbon Fiber Market, Virgin Carbon Fiber is leading the way due to its superior quality and performance characteristics. Virgin Carbon Fiber is preferred for critical applications in industries such as aerospace, defense, and automotive where high strength, stiffness, and lightweight properties are paramount. This type of carbon fiber exhibits excellent mechanical properties, making it ideal for structural components that require high reliability and consistency.
The report offers a comprehensive study of the subsequent market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 South Korea Carbon Fibre Market Overview |
| 3.1 South Korea Country Macro Economic Indicators |
| 3.2 South Korea Carbon Fibre Market Revenues & Volume, 2021 & 2031F |
| 3.3 South Korea Carbon Fibre Market - Industry Life Cycle |
| 3.4 South Korea Carbon Fibre Market - Porter's Five Forces |
| 3.5 South Korea Carbon Fibre Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
| 3.6 South Korea Carbon Fibre Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
| 3.7 South Korea Carbon Fibre Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
| 3.8 South Korea Carbon Fibre Market Revenues & Volume Share, By Modulus, 2021 & 2031F |
| 3.9 South Korea Carbon Fibre Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 3.10 South Korea Carbon Fibre Market Revenues & Volume Share, By End-use, 2021 & 2031F |
| 4 South Korea Carbon Fibre Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Growing demand for lightweight materials in automotive and aerospace industries |
| 4.2.2 Increasing adoption of carbon fiber in renewable energy applications |
| 4.2.3 Technological advancements leading to cost reduction and improved performance |
| 4.3 Market Restraints |
| 4.3.1 High production costs of carbon fiber materials |
| 4.3.2 Limited availability of precursor materials for carbon fiber production |
| 4.3.3 Environmental concerns related to the production process of carbon fiber |
| 5 South Korea Carbon Fibre Market Trends |
| 6 South Korea Carbon Fibre Market, By Types |
| 6.1 South Korea Carbon Fibre Market, By Raw Material |
| 6.1.1 Overview and Analysis |
| 6.1.2 South Korea Carbon Fibre Market Revenues & Volume, By Raw Material, 2021 - 2031F |
| 6.1.3 South Korea Carbon Fibre Market Revenues & Volume, By Pan??based Carbon Fiber, 2021 - 2031F |
| 6.1.4 South Korea Carbon Fibre Market Revenues & Volume, By Pitch??based Carbon Fiber, 2021 - 2031F |
| 6.2 South Korea Carbon Fibre Market, By Product Type |
| 6.2.1 Overview and Analysis |
| 6.2.2 South Korea Carbon Fibre Market Revenues & Volume, By Continuous Carbon Fiber, 2021 - 2031F |
| 6.2.3 South Korea Carbon Fibre Market Revenues & Volume, By Long Carbon Fiber, 2021 - 2031F |
| 6.2.4 South Korea Carbon Fibre Market Revenues & Volume, By Short Carbon Fiber, 2021 - 2031F |
| 6.3 South Korea Carbon Fibre Market, By Fiber Type |
| 6.3.1 Overview and Analysis |
| 6.3.2 South Korea Carbon Fibre Market Revenues & Volume, By Virgin Carbon Fiber, 2021 - 2031F |
| 6.3.3 South Korea Carbon Fibre Market Revenues & Volume, By Recycled Carbon Fiber, 2021 - 2031F |
| 6.4 South Korea Carbon Fibre Market, By Modulus |
| 6.4.1 Overview and Analysis |
| 6.4.2 South Korea Carbon Fibre Market Revenues & Volume, By Standard Modulus, 2021 - 2031F |
| 6.4.3 South Korea Carbon Fibre Market Revenues & Volume, By Intermediate Modulus, 2021 - 2031F |
| 6.4.4 South Korea Carbon Fibre Market Revenues & Volume, By High Modulus, 2021 - 2031F |
| 6.5 South Korea Carbon Fibre Market, By Application |
| 6.5.1 Overview and Analysis |
| 6.5.2 South Korea Carbon Fibre Market Revenues & Volume, By Composite, 2021 - 2031F |
| 6.5.3 South Korea Carbon Fibre Market Revenues & Volume, By Non-composite, 2021 - 2031F |
| 6.6 South Korea Carbon Fibre Market, By End-use |
| 6.6.1 Overview and Analysis |
| 6.6.2 South Korea Carbon Fibre Market Revenues & Volume, By Aerospace & Defense, 2021 - 2031F |
| 6.6.3 South Korea Carbon Fibre Market Revenues & Volume, By Automotive, 2021 - 2031F |
| 6.6.4 South Korea Carbon Fibre Market Revenues & Volume, By Wind Energy, 2021 - 2031F |
| 6.6.5 South Korea Carbon Fibre Market Revenues & Volume, By Sporting Goods, 2021 - 2031F |
| 6.6.6 South Korea Carbon Fibre Market Revenues & Volume, By Electrical & Electronics, 2021 - 2031F |
| 6.6.7 South Korea Carbon Fibre Market Revenues & Volume, By Civil Engineering, 2021 - 2031F |
| 6.6.8 South Korea Carbon Fibre Market Revenues & Volume, By Marine, 2021 - 2031F |
| 6.6.9 South Korea Carbon Fibre Market Revenues & Volume, By Marine, 2021 - 2031F |
| 7 South Korea Carbon Fibre Market Import-Export Trade Statistics |
| 7.1 South Korea Carbon Fibre Market Export to Major Countries |
| 7.2 South Korea Carbon Fibre Market Imports from Major Countries |
| 8 South Korea Carbon Fibre Market Key Performance Indicators |
| 8.1 Average selling price of carbon fiber materials |
| 8.2 Carbon fiber recycling rate |
| 8.3 Research and development investment in carbon fiber technologies |
| 9 South Korea Carbon Fibre Market - Opportunity Assessment |
| 9.1 South Korea Carbon Fibre Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
| 9.2 South Korea Carbon Fibre Market Opportunity Assessment, By Product Type, 2021 & 2031F |
| 9.3 South Korea Carbon Fibre Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
| 9.4 South Korea Carbon Fibre Market Opportunity Assessment, By Modulus, 2021 & 2031F |
| 9.5 South Korea Carbon Fibre Market Opportunity Assessment, By Application, 2021 & 2031F |
| 9.6 South Korea Carbon Fibre Market Opportunity Assessment, By End-use, 2021 & 2031F |
| 10 South Korea Carbon Fibre Market - Competitive Landscape |
| 10.1 South Korea Carbon Fibre Market Revenue Share, By Companies, 2024 |
| 10.2 South Korea Carbon Fibre Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |