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Chemical & Material Global Pitch-based Chopped Graphitized Carbon Fiber Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4733923
    • |
  • 24 August, 2026
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  • Global
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  • 92 Pages
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  • GIR
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  • Chemical & Material

According to our (Global Info Research) latest study, the global Pitch-based Chopped Graphitized Carbon Fiber market size was valued at US$ 88.51 million in 2025 and is forecast to a readjusted size of US$ 161 million by 2032 with a CAGR of 9.1% during review period.
In 2025, global sales volume for pitch-based chopped graphitized carbon fiber reached 441 tons, with an average price of $195 per kilogram.
Pitch-based chopped graphitized carbon fiber refers to a high-performance fiber material produced using petroleum pitch or coal tar pitch as raw materials. It undergoes a series of processing steps—including melt spinning, pre-oxidation, carbonization, and high-temperature graphitization (typically at 2000–3000°C)—after which the continuous filaments are cut into short segments ranging from 3 to 50 mm in length. Its core characteristics are defined by the following: the raw material used is pitch rather than PAN (polyacrylonitrile); following graphitization, it exhibits an extremely high degree of graphitization (carbon content >99%); and it exists in a chopped form, facilitating easy mixing and processing with various matrix materials such as thermoplastic/thermosetting resins, metals, and ceramics.
Compared to continuous filaments, the chopped form makes this material more suitable for processes such as injection molding, compression molding, and SMC/BMC fabrication. It endows composite materials with ultra-high modulus (500–950 GPa), ultra-high thermal conductivity (800–1100 W/(m·K)), and a coefficient of thermal expansion that is near-zero or negative; however, it simultaneously retains the inherent characteristics of pitch-based graphitized carbon fibers—namely, high brittleness and lower tensile strength compared to PAN-based fibers. Based on the structure of the raw materials, the fibers can be classified into mesophase pitch-based chopped graphitized carbon fibers (high-performance grade, featuring high modulus and high thermal conductivity) and isotropic pitch-based chopped graphitized carbon fibers (general-purpose grade, featuring heat and wear resistance). Furthermore, based on the degree of graphitization, they can be categorized into low-modulus carbon fiber grades, medium-modulus graphitized fiber grades, and high-modulus/ultra-high-modulus graphitized fiber grades.
The primary raw materials for pitch-based graphitized carbon fiber are byproducts of petroleum refining or coal chemical industries—specifically, petroleum pitch and coal tar pitch. Petroleum pitch is derived from residual oils generated during processes such as crude oil catalytic cracking and ethylene cracking; while resources are relatively abundant, the quality of this raw material tends to fluctuate significantly. Coal pitch is obtained through the high-temperature distillation of coal tar; given the advanced state of the domestic coal chemical industry, raw material costs are relatively low, yet the high content of impurities (such as quinoline-insolubles and ash) necessitates complex refining and purification processes. High-end products, conversely, utilize synthetic mesophase pitch, which is prepared via catalytic polymerization using pure aromatic hydrocarbons (e.g., naphthalene or methylnaphthalene) as feedstock. This approach offers controllable raw material purity and a highly ordered molecular structure, though the associated costs are significantly higher than those of the natural pitch route. Overall, raw material costs account for approximately 30% to 40% of the total production cost. The graphitization stage—involving high-temperature treatment between 2000°C and 3000°C—consumes vast amounts of energy; consequently, electricity costs can account for as much as 40% to 50% of the total cost structure, making this the most critical cost component. Upstream processes—including spinning, pre-oxidation, and carbonization—along with equipment depreciation and labor costs, collectively account for the remaining 15% to 20%. Due to the extremely high temperature requirements for graphitization and the substantial capital investment required for equipment, the production cost of pitch-based graphitized carbon fiber is significantly higher than that of PAN-based carbon fiber. This is particularly true for ultra-high modulus products, where costs can reach 3 to 5 times those of PAN-based T700-grade carbon fiber; this high cost remains the primary bottleneck constraining its widespread commercial application.
This report is a detailed and comprehensive analysis for global Pitch-based Chopped Graphitized Carbon Fiber market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Pitch-based Chopped Graphitized Carbon Fiber market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Pitch-based Chopped Graphitized Carbon Fiber market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Pitch-based Chopped Graphitized Carbon Fiber market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/kg), 2021-2032
Global Pitch-based Chopped Graphitized Carbon Fiber market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Pitch-based Chopped Graphitized Carbon Fiber
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Pitch-based Chopped Graphitized Carbon Fiber market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mitsubishi Chemical (JP), Syensqo (BE), Nippon Graphite Fiber Corporation (JP), Kureha (JP), Tiance Tech (CN), Liaoning Novcarb Carbon Materials (CN), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Pitch-based Chopped Graphitized Carbon Fiber market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
6 mm
3 mm
12 mm
Other
Market segment by Modulus Range
<340 GPa
340-540 GPa
>950 GPa
Market segment by Precursor
Isotropic Pitch
Anisotropic Pitch
Market segment by Application
Electronics & Appliances
Automotive
Industrial Machinery
New Energy
Aerospace
Other
Major players covered
Mitsubishi Chemical (JP)
Syensqo (BE)
Nippon Graphite Fiber Corporation (JP)
Kureha (JP)
Tiance Tech (CN)
Liaoning Novcarb Carbon Materials (CN)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Pitch-based Chopped Graphitized Carbon Fiber product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Pitch-based Chopped Graphitized Carbon Fiber, with price, sales quantity, revenue, and global market share of Pitch-based Chopped Graphitized Carbon Fiber from 2021 to 2026.
Chapter 3, the Pitch-based Chopped Graphitized Carbon Fiber competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Pitch-based Chopped Graphitized Carbon Fiber breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Pitch-based Chopped Graphitized Carbon Fiber market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Pitch-based Chopped Graphitized Carbon Fiber.
Chapter 14 and 15, to describe Pitch-based Chopped Graphitized Carbon Fiber sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 6 mm
    • 1.3.3 3 mm
    • 1.3.4 12 mm
    • 1.3.5 Other
  • 1.4 Market Analysis by Modulus Range
    • 1.4.1 Overview: Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Modulus Range: 2021 Versus 2025 Versus 2032
    • 1.4.2 <340 GPa
    • 1.4.3 340-540 GPa
    • 1.4.4 >950 GPa
  • 1.5 Market Analysis by Precursor
    • 1.5.1 Overview: Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Precursor: 2021 Versus 2025 Versus 2032
    • 1.5.2 Isotropic Pitch
    • 1.5.3 Anisotropic Pitch
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Electronics & Appliances
    • 1.6.3 Automotive
    • 1.6.4 Industrial Machinery
    • 1.6.5 New Energy
    • 1.6.6 Aerospace
    • 1.6.7 Other
  • 1.7 Global Pitch-based Chopped Graphitized Carbon Fiber Market Size & Forecast
    • 1.7.1 Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity (2021-2032)
    • 1.7.3 Global Pitch-based Chopped Graphitized Carbon Fiber Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Mitsubishi Chemical (JP)
    • 2.1.1 Mitsubishi Chemical (JP) Details
    • 2.1.2 Mitsubishi Chemical (JP) Major Business
    • 2.1.3 Mitsubishi Chemical (JP) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.1.4 Mitsubishi Chemical (JP) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Mitsubishi Chemical (JP) Recent Developments/Updates
  • 2.2 Syensqo (BE)
    • 2.2.1 Syensqo (BE) Details
    • 2.2.2 Syensqo (BE) Major Business
    • 2.2.3 Syensqo (BE) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.2.4 Syensqo (BE) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Syensqo (BE) Recent Developments/Updates
  • 2.3 Nippon Graphite Fiber Corporation (JP)
    • 2.3.1 Nippon Graphite Fiber Corporation (JP) Details
    • 2.3.2 Nippon Graphite Fiber Corporation (JP) Major Business
    • 2.3.3 Nippon Graphite Fiber Corporation (JP) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.3.4 Nippon Graphite Fiber Corporation (JP) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Nippon Graphite Fiber Corporation (JP) Recent Developments/Updates
  • 2.4 Kureha (JP)
    • 2.4.1 Kureha (JP) Details
    • 2.4.2 Kureha (JP) Major Business
    • 2.4.3 Kureha (JP) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.4.4 Kureha (JP) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Kureha (JP) Recent Developments/Updates
  • 2.5 Tiance Tech (CN)
    • 2.5.1 Tiance Tech (CN) Details
    • 2.5.2 Tiance Tech (CN) Major Business
    • 2.5.3 Tiance Tech (CN) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.5.4 Tiance Tech (CN) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Tiance Tech (CN) Recent Developments/Updates
  • 2.6 Liaoning Novcarb Carbon Materials (CN)
    • 2.6.1 Liaoning Novcarb Carbon Materials (CN) Details
    • 2.6.2 Liaoning Novcarb Carbon Materials (CN) Major Business
    • 2.6.3 Liaoning Novcarb Carbon Materials (CN) Pitch-based Chopped Graphitized Carbon Fiber Product and Services
    • 2.6.4 Liaoning Novcarb Carbon Materials (CN) Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Liaoning Novcarb Carbon Materials (CN) Recent Developments/Updates

3 Competitive Environment: Pitch-based Chopped Graphitized Carbon Fiber by Manufacturer

  • 3.1 Global Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Pitch-based Chopped Graphitized Carbon Fiber Revenue by Manufacturer (2021-2026)
  • 3.3 Global Pitch-based Chopped Graphitized Carbon Fiber Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Pitch-based Chopped Graphitized Carbon Fiber by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Pitch-based Chopped Graphitized Carbon Fiber Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Pitch-based Chopped Graphitized Carbon Fiber Manufacturer Market Share in 2025
  • 3.5 Pitch-based Chopped Graphitized Carbon Fiber Market: Overall Company Footprint Analysis
    • 3.5.1 Pitch-based Chopped Graphitized Carbon Fiber Market: Region Footprint
    • 3.5.2 Pitch-based Chopped Graphitized Carbon Fiber Market: Company Product Type Footprint
    • 3.5.3 Pitch-based Chopped Graphitized Carbon Fiber Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Pitch-based Chopped Graphitized Carbon Fiber Market Size by Region
    • 4.1.1 Global Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Region (2021-2032)
    • 4.1.3 Global Pitch-based Chopped Graphitized Carbon Fiber Average Price by Region (2021-2032)
  • 4.2 North America Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021-2032)
  • 4.3 Europe Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021-2032)
  • 4.5 South America Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 5.2 Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Type (2021-2032)
  • 5.3 Global Pitch-based Chopped Graphitized Carbon Fiber Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 6.2 Global Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Application (2021-2032)
  • 6.3 Global Pitch-based Chopped Graphitized Carbon Fiber Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 7.2 North America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 7.3 North America Pitch-based Chopped Graphitized Carbon Fiber Market Size by Country
    • 7.3.1 North America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 8.2 Europe Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 8.3 Europe Pitch-based Chopped Graphitized Carbon Fiber Market Size by Country
    • 8.3.1 Europe Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Market Size by Region
    • 9.3.1 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 10.2 South America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 10.3 South America Pitch-based Chopped Graphitized Carbon Fiber Market Size by Country
    • 10.3.1 South America Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Market Size by Country
    • 11.3.1 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Pitch-based Chopped Graphitized Carbon Fiber Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Pitch-based Chopped Graphitized Carbon Fiber Market Drivers
  • 12.2 Pitch-based Chopped Graphitized Carbon Fiber Market Restraints
  • 12.3 Pitch-based Chopped Graphitized Carbon Fiber Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Pitch-based Chopped Graphitized Carbon Fiber and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Pitch-based Chopped Graphitized Carbon Fiber
  • 13.3 Pitch-based Chopped Graphitized Carbon Fiber Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Pitch-based Chopped Graphitized Carbon Fiber Typical Distributors
  • 14.3 Pitch-based Chopped Graphitized Carbon Fiber Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Pitch-based Chopped Graphitized Carbon Fiber. Industry analysis & Market Report on Pitch-based Chopped Graphitized Carbon Fiber is a syndicated market report, published as Global Pitch-based Chopped Graphitized Carbon Fiber Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Pitch-based Chopped Graphitized Carbon Fiber market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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