Market Overview:
The global mesophase pitch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for mesophase pitch in various applications such as aviation, LED, automobile, construction, engineering surface and others. In terms of type, thermal modification segment is expected to hold the largest share in the global mesophase pitch market during the forecast period. This can be attributed to increase in demand for thermal modified mesophase pitches from various end-use industries such as aviation and construction.
Product Definition:
Mesophase pitch is a type of carbon fiber that has a more uniform diameter along its length than other types of carbon fiber. This makes it ideal for use in products that require high stiffness and strength, such as aircraft parts and racing car components.
Thermal Modifications:
Thermal modifications are the changes that are made to a polymer during its processing or use. These modifications can change the physical and chemical properties of the polymer. The most common modification is probably grafting which involves adding another molecule to an existing polymer chain. Grafting allows for better flexibility in polymers without compromising on their strength, toughness or thermal stability which makes it very useful in industries such as automotive, construction and electronics where high performance at a low cost is required.
Solvent Modification:
Solvent modification is a process in which the molecular structure of a liquid is changed by adding or removing molecules from its surface. The most common way to do this is through hydrophobic groups (polar or non-polar) and oleophobic (non-polar) groups.
The main purpose of solvent modification is to improve the flow behavior, wetting properties, adhesion, and rheology of polymers.
Application Insights:
The engineering surface application segment led the market and accounted for more than 30.0% share of the global revenue in 2017. The growth can be attributed to increasing demand for mesophase pitch from various industries including automotive, construction, aerospace and defense, LED lighting, etc. In addition to being a lubricant oil additive that helps reduce friction & heat dissipation in engine components as well as machinery & equipment used in manufacturing plants and heavy industrial facilities worldwide; it is also used as a coolant additive owing to its ability to lower the temperature of engine components by enhancing their thermal conductivity properties.
In recent years, there has been an increase in passenger travel demand due largely to rising disposable income levels coupled with improved economic conditions across most parts of the world especially Asia Pacific region which is expected to have a positive impact on industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in end-use industries such as aerospace & defense, electronics, automotive, construction and energy. This can be attributed to increasing demand for mesophase pitch products from these sectors.
The Asia Pacific regional market was followed by Europe which accounted for a share of 24% in terms of revenue in 2017 owing to high product demand from various application industries operating across several countries including Germany, France, Italy and U.K., among others.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and aerospace
- Growing popularity of composites over traditional materials in various applications
- Rising investment in research and development for the enhancement of mesophase pitch properties
- Technological advancements in production processes that result in improved quality and reduced costs
- Growing awareness about the benefits of mesophase pitch among potential consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Mesophase Pitch Market Research Report
By Type
Thermal Modifications, Solvent Modification, Chemical Modification, Catalytic Modification
By Application
Aviation, LED, Automobile, Construction, Engineering Surface, Other
By Companies
Himadri, Advanced Carbon Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Mesophase Pitch Market Report Segments:
The global Mesophase Pitch market is segmented on the basis of:
Types
Thermal Modifications, Solvent Modification, Chemical Modification, Catalytic Modification
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aviation, LED, Automobile, Construction, Engineering Surface, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Himadri
- Advanced Carbon Products
Highlights of The Mesophase Pitch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermal Modifications
- Solvent Modification
- Chemical Modification
- Catalytic Modification
- By Application:
- Aviation
- LED
- Automobile
- Construction
- Engineering Surface
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mesophase Pitch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mesophase pitch is the average speed of sound in a gas or liquid at a given temperature.
Some of the key players operating in the mesophase pitch market are Himadri, Advanced Carbon Products.
The mesophase pitch market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mesophase Pitch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mesophase Pitch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mesophase Pitch Market - Supply Chain
4.5. Global Mesophase Pitch Market Forecast
4.5.1. Mesophase Pitch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mesophase Pitch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mesophase Pitch Market Absolute $ Opportunity
5. Global Mesophase Pitch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mesophase Pitch Market Size and Volume Forecast by Type
5.3.1. Thermal Modifications
5.3.2. Solvent Modification
5.3.3. Chemical Modification
5.3.4. Catalytic Modification
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mesophase Pitch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mesophase Pitch Market Size and Volume Forecast by Application
6.3.1. Aviation
6.3.2. LED
6.3.3. Automobile
6.3.4. Construction
6.3.5. Engineering Surface
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mesophase Pitch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mesophase Pitch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mesophase Pitch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mesophase Pitch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mesophase Pitch Demand Share Forecast, 2019-2026
9. North America Mesophase Pitch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mesophase Pitch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mesophase Pitch Market Size and Volume Forecast by Application
9.4.1. Aviation
9.4.2. LED
9.4.3. Automobile
9.4.4. Construction
9.4.5. Engineering Surface
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mesophase Pitch Market Size and Volume Forecast by Type
9.7.1. Thermal Modifications
9.7.2. Solvent Modification
9.7.3. Chemical Modification
9.7.4. Catalytic Modification
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mesophase Pitch Demand Share Forecast, 2019-2026
10. Latin America Mesophase Pitch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mesophase Pitch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mesophase Pitch Market Size and Volume Forecast by Application
10.4.1. Aviation
10.4.2. LED
10.4.3. Automobile
10.4.4. Construction
10.4.5. Engineering Surface
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mesophase Pitch Market Size and Volume Forecast by Type
10.7.1. Thermal Modifications
10.7.2. Solvent Modification
10.7.3. Chemical Modification
10.7.4. Catalytic Modification
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mesophase Pitch Demand Share Forecast, 2019-2026
11. Europe Mesophase Pitch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mesophase Pitch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mesophase Pitch Market Size and Volume Forecast by Application
11.4.1. Aviation
11.4.2. LED
11.4.3. Automobile
11.4.4. Construction
11.4.5. Engineering Surface
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mesophase Pitch Market Size and Volume Forecast by Type
11.7.1. Thermal Modifications
11.7.2. Solvent Modification
11.7.3. Chemical Modification
11.7.4. Catalyic Modification
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mesophase Pitch Demand Share, 2019-2026
12. Asia Pacific Mesophase Pitch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mesophase Pitch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mesophase Pitch Market Size and Volume Forecast by Application
12.4.1. Aviation
12.4.2. LED
12.4.3. Automobile
12.4.4. Construction
12.4.5. Engineering Surface
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mesophase Pitch Market Size and Volume Forecast by Type
12.7.1. Thermal Modifications
12.7.2. Solvent Modification
12.7.3. Chemical Modification
12.7.4. Catalytic Modification
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mesophase Pitch Demand Share, 2019-2026
13. Middle East & Africa Mesophase Pitch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mesophase Pitch Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mesophase Pitch Market Size and Volume Forecast by Application
13.4.1. Aviation
13.4.2. LED
13.4.3. Automobile
13.4.4. Construction
13.4.5. Engineering Surface
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mesophase Pitch Market Size and Volume Forecast by Type
13.7.1. Thermal Modifications
13.7.2. Solvent Modification
13.7.3. Chemical Modification
13.7.4. Catalytic Modification
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mesophase Pitch Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mesophase Pitch Market: Market Share Analysis
14.2. Mesophase Pitch Distributors and Customers
14.3. Mesophase Pitch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Himadri
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advanced Carbon Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COMPANY3
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook