
Carbon Fiber Market Analysis
The Carbon Fiber Market size is estimated at 164.88 kilotons in 2025, and is expected to reach 266.14 kilotons by 2030, at a CAGR of 10.05% during the forecast period (2025-2030).
The carbon fiber industry is experiencing significant transformation driven by technological advancements and sustainability initiatives across multiple sectors. Global military spending reached USD 2,240 billion in 2022, indicating strong investment in defense capabilities where carbon fiber plays a crucial role in lightweight armor and military equipment. The industry has witnessed remarkable innovations in carbon fiber manufacturing processes, with companies like Toray Industries developing next-generation products such as TORAYC T1200 in 2023, which represents the world's highest-strength carbon fiber. The emergence of advanced manufacturing techniques has enabled the production of more sophisticated carbon fiber components, leading to enhanced performance characteristics and broader application possibilities.
The automotive sector is undergoing a revolutionary shift towards lightweight materials, particularly in electric vehicle manufacturing. BMW's implementation of carbon fiber in its iX battery electric vehicle, featuring a carbon fiber reinforced plastic (CFRP) interior frame, demonstrates the material's growing importance in modern vehicle design. The integration of carbon fiber in electric vehicles has become increasingly sophisticated, with manufacturers utilizing the material not only for structural components but also for battery enclosures and thermal management systems. This trend is further supported by the global automotive industry's recovery, with OICA reporting significant production increases in 2022 across major manufacturing regions.
Sustainability and circular economy principles are reshaping the carbon fiber market landscape. In 2023, significant breakthroughs in carbon fiber recycling technologies have emerged, including the University of New South Wales' development of an innovative recycling method that preserves material integrity and requires less energy. The industry has witnessed increased collaboration between manufacturers and research institutions, with companies like Teijin Limited launching new lightweight, strong, and cost-effective carbon fiber-woven fabrics developed through proprietary tow-spreading technology. These developments are transforming the industry's approach to material lifecycle management and resource efficiency.
The renewable energy sector has become a major driver of carbon fiber demand, particularly in wind turbine manufacturing. According to IRENA, global wind power capacity installations reached 898,824 MW in 2022, highlighting the growing importance of carbon fiber in renewable energy infrastructure. The material's application in wind turbine blades has evolved significantly, with manufacturers developing longer and more efficient blades using advanced carbon fiber composite. Recent innovations in blade design and manufacturing processes have led to improved performance characteristics, including enhanced durability and increased energy generation capacity, while maintaining structural integrity under extreme conditions.
Carbon Fiber Market Trends
Recent Advancements in the Aerospace and Defense Sector
The aerospace and defense sector has emerged as a significant driver for the carbon fiber market, with substantial developments in both commercial aviation and military applications. Carbon fiber reinforced plastics (CFRP) have become increasingly vital in missile defense systems, ground defense equipment, and military marine applications due to their exceptional strength, endurance, and stability characteristics. The defense industry's robust growth is evidenced by global defense expenditure surpassing USD 2 trillion for the first time in 2021, with the top five countries—the United States, China, India, the United Kingdom, and Russia—accounting for 62% of total spending. This unprecedented increase in military spending has created substantial opportunities for aerospace carbon fiber applications in defense equipment and systems.
The commercial aviation sector has also witnessed significant advancements driving the demand for aerospace carbon fiber materials. According to the Boeing Commercial Outlook 2022-2041, the industry anticipates the delivery of 41,170 new airplanes globally by 2041, representing a massive opportunity for carbon fiber usage in aircraft manufacturing. The material's growing adoption is attributed to its superior properties, including a high strength-to-weight ratio, durability, and resistance to fatigue and corrosion. Major aircraft manufacturers are increasingly incorporating carbon fiber components in their newest models, particularly in critical applications such as fuselage, wings, and tail sections, demonstrating the material's crucial role in modern aircraft design and construction.
Increasing Applications in Wind Energy Sector
The wind energy sector has emerged as a major growth driver for the carbon fiber industry, with increasing applications in wind turbine blade manufacturing and other components. Carbon fiber's unique properties, including high strength, low weight, and excellent fatigue resistance, make it an ideal material for producing longer and more efficient wind turbine blades. The material's application in wind energy has seen significant expansion, particularly in countries with ambitious renewable energy targets. For instance, India has established itself as a major player in the wind energy sector, with a substantial installed capacity of 39.25 GW and impressive generation figures of 60.149 billion units during 2020-21, demonstrating the growing importance of carbon fiber in renewable energy infrastructure.
The wind energy industry's expansion has led to the development of a robust ecosystem encompassing manufacturing capabilities, project operations, and technological innovations. Carbon composite materials have become increasingly critical in this sector as wind turbine manufacturers strive to produce larger, more efficient blades that can generate more power while maintaining structural integrity. The material's ability to provide superior performance in terms of stiffness and fatigue resistance has made it indispensable in modern wind turbine design. This has resulted in the establishment of dedicated carbon fiber manufacturing facilities and supply chains to meet the growing demand from wind energy applications, further solidifying carbon fiber's position as a key material in renewable energy infrastructure development.
Segment Analysis: Raw Material
Polyacrylonitrile (PAN) Segment in Carbon Fiber Market
The Polyacrylonitrile (PAN) segment dominates the global carbon fiber market, commanding approximately 95% of the market share in 2024. This overwhelming market dominance can be attributed to PAN's superior properties as a carbon fiber raw material, including its high carbon yield, excellent potential for cyclization reactions, and minimal void fraction, resulting in enhanced strength and stability. PAN-based carbon fibers have established themselves as the preferred choice in major applications due to their exceptional mechanical properties, particularly their high tensile strength. The segment's leadership is further reinforced by significant investments from key industry players, such as Toray Industries' expansion of its French subsidiary Toray Carbon Fibers Europe S.A.'s production facilities at the Abidos plant, which aims to increase annual production capacity from 5,000 to 6,000 metric tons by 2025. The segment is also witnessing substantial growth, projected to expand at approximately 18% annually from 2024 to 2029, driven by increasing adoption in aerospace, defense, and sporting equipment industries, along with the rising focus on research and development activities in PAN-based carbon fiber technologies.

Petroleum Pitch and Rayon Segment in Carbon Fiber Market
The Petroleum Pitch and Rayon segment, while smaller in market share, plays a crucial role in specific applications within the carbon fiber market. Pitch-based carbon fibers are particularly valued for their higher stiffness and superior thermal conductivity, making them excellent choices for satellite structures and thermal management systems. The segment's versatility is enhanced by its ability to be easily customized for specific applications, along with its relatively lower cost compared to other precursor materials. Pitch-based carbon fibers also demonstrate higher electrical conductivity and greater ionic intercalation properties, contributing to their growing adoption in specialized applications. The segment's development is supported by ongoing research initiatives aimed at improving mass production methods and expanding application possibilities in various end-use industries.
Segment Analysis: Type
Virgin Fiber (VCF) Segment in Carbon Fiber Market
The Virgin Fiber (VCF) segment dominates the global carbon fiber market, holding approximately 63% of the market share in 2024. This significant market position is attributed to VCF's superior mechanical properties and widespread adoption across critical industries. The segment's dominance is particularly evident in aerospace and defense applications, where high-performance requirements necessitate the use of virgin carbon fibers. Major manufacturers like Toray Industries and Hexcel Corporation have continued to expand their VCF production capacities to meet the growing demand. In 2023, Toray Industries developed TORAYC T1200, the world's highest-strength carbon fiber, further strengthening the segment's position. The automotive and wind energy sectors have also significantly contributed to the segment's market leadership, with manufacturers increasingly incorporating VCF in lightweight vehicle components and wind turbine blades.
Recycled Carbon Fiber (RCF) Segment in Carbon Fiber Market
The Recycled Carbon Fiber (RCF) segment is experiencing the fastest growth in the carbon fiber market, with a projected growth rate of approximately 20% during 2024-2029. This remarkable growth is driven by increasing environmental consciousness and cost advantages, as RCF requires only about one-tenth of the energy needed for virgin fiber production. The automotive industry has emerged as a major growth driver for RCF, with companies like BMW incorporating recycled carbon fiber in various vehicle components. Recent technological advancements, such as the innovative recycling method developed by researchers at the University of New South Wales in 2023, have significantly improved the quality and performance of recycled carbon fibers. The European Commission's new regulations mandating the use of recycled materials in automotive manufacturing, including a requirement for 25% recycled plastic content, have further accelerated the adoption of RCF. Additionally, collaborations between major industry players, such as Herambiente and Leonardo's Aerostructures Division's partnership in 2023, are expanding the carbon fiber recycling capabilities and applications of carbon fiber materials.
Segment Analysis: Application
Composite Materials Segment in Carbon Fiber Market
The composite materials segment continues to dominate the global carbon fiber market, holding approximately 87% market share in 2024. This significant market position is primarily driven by the extensive use of carbon fiber reinforced plastic (CFRP) and reinforced carbon-carbon (RCC) materials across various industries. The composite materials segment has seen substantial growth due to its superior material properties, including higher strength and stiffness compared to non-reinforced polymers, making it an ideal replacement for metals like aluminum in many applications. The segment's dominance is further strengthened by its widespread adoption in tooling and end-use applications across aerospace, automotive, industrial goods, and oil and gas sectors. Recent technological advancements in 3D printing and automated manufacturing processes have also contributed to the segment's market leadership, enabling more efficient and cost-effective production of composite components.
Microelectrodes Segment in Carbon Fiber Market
The microelectrodes segment is emerging as the fastest-growing application segment in the carbon fiber market, projected to grow at approximately 25% during the forecast period 2024-2029. This remarkable growth is primarily attributed to the increasing adoption of carbon fiber microelectrodes in medical and research applications, particularly in intracellular recordings and bio-recording applications. The segment's growth is further fueled by innovations in enzyme-modified carbon fiber micro-biosensors for in-situ determination of various compounds like glucose, acetylcholine, choline, lactate, and glutamate. The immobilization of DNA molecules and carbon nanotubes onto carbon fiber microelectrodes has opened new avenues in electrochemical detection of biologically significant species. The segment is witnessing increased demand from pharmaceutical companies and research institutions, particularly for applications in amperometry and fast-scan cyclic voltammetry for biochemical signaling detection.
Remaining Segments in Application Segmentation
The carbon fiber textile and catalysis segments complete the application landscape of the carbon fiber market, each serving unique industrial needs. The carbon fiber textile segment plays a crucial role in aerospace, defense, and military applications, where carbon fibers are used to increase fabric strength and durability. These applications extend to liners and reinforcing materials for civil engineering projects and marine industry applications. The catalysis segment, while smaller, represents an innovative application area where carbon fibers, particularly in nanofiber form, are utilized as carrier materials in petrochemical synthesis and various chemical processes. Both segments continue to evolve with new technological developments and expanding application areas, contributing to the overall market diversity and growth potential.
Segment Analysis: End-User Industry
Alternative Energy Segment in Carbon Fiber Market
The alternative energy sector dominates the global carbon fiber market, commanding approximately 27% of the total market share in 2024. This segment's prominence is primarily driven by the extensive use of carbon fiber in wind energy applications, particularly in the construction of wind turbine blades. Carbon fiber's exceptional properties, including high tensile strength, low weight, and resistance to corrosion, make it an ideal material for manufacturing larger and more efficient wind turbine rotors. The segment is also experiencing the fastest growth trajectory, projected to expand at around 17% annually from 2024 to 2029. This robust growth is supported by ambitious renewable energy targets worldwide, with countries like China aiming to install 140 gigawatts of wind capacity by 2030, and the United States planning to generate one-third of its electricity from wind power by the same year. The increasing focus on offshore wind projects, particularly in regions like Europe and Asia-Pacific, further strengthens the segment's market position.
Remaining Segments in End-User Industry
The carbon fiber market encompasses several other significant end-user segments, including aerospace and defense, automotive, construction and infrastructure, and sporting goods. The aerospace and defense sector represents a crucial market segment, driven by the increasing adoption of lightweight materials in aircraft manufacturing and defense applications. The automotive industry continues to expand its usage of carbon fiber, particularly in electric vehicles and high-performance cars, focusing on weight reduction and improved fuel efficiency. The construction and infrastructure segment utilizes carbon fiber for reinforcement and retrofitting applications, while the sporting goods sector leverages the material's lightweight and high-strength properties in manufacturing premium sports equipment. Each of these segments contributes uniquely to the market's growth, with varying levels of adoption and innovation driving their respective developments.
Carbon Fiber Market Geography Segment Analysis
Carbon Fiber Market in Asia-Pacific
The Asia-Pacific region represents the largest and most dynamic carbon fiber market globally, driven by robust growth across multiple end-use industries. China leads the regional market with significant investments in aerospace, automotive, and wind energy sectors, followed by Japan's strong presence in high-performance applications. India and South Korea are emerging as key growth markets, particularly in automotive and renewable energy applications. The region's manufacturing capabilities, coupled with increasing domestic demand from countries like China and Japan, have established Asia-Pacific as a crucial hub for carbon fiber production and consumption.

Carbon Fiber Market in China
China dominates the Asia-Pacific carbon fiber market through its extensive manufacturing infrastructure and growing domestic demand. The country has made significant strides in developing its aerospace and defense capabilities, while simultaneously expanding its automotive and wind energy sectors. China accounts for approximately 61% of the Asia-Pacific carbon fiber market size. The country's focus on electric vehicles and renewable energy infrastructure has created substantial demand for carbon fiber materials, supported by government initiatives promoting lightweight materials and sustainable technologies.
Carbon Fiber Market Growth Potential in China
China continues to demonstrate exceptional carbon fiber market growth potential, with a projected growth rate of approximately 23% during 2024-2029. The country's ambitious plans in aerospace manufacturing, including the development of commercial aircraft and expansion of space programs, are driving significant demand. The automotive sector's transition towards electric vehicles and the government's push for renewable energy infrastructure further support this growth trajectory. China's investment in research and development, coupled with expanding carbon fiber manufacturing capabilities, positions it as both the largest and fastest-growing market in the region.
Carbon Fiber Market in North America
North America represents a mature yet innovative carbon fiber market, characterized by advanced technological applications and a strong presence in aerospace and defense sectors. The United States leads the regional market with its robust aerospace industry and growing automotive applications, while Canada and Mexico contribute significantly through their manufacturing capabilities and emerging applications. The region's focus on lightweight materials for fuel efficiency and environmental regulations continues to drive market growth.
Carbon Fiber Market in United States
The United States maintains its position as the dominant force in the North American carbon fiber market, driven by its extensive aerospace and defense applications. The country accounts for approximately 77% of the North American carbon fiber market share. The presence of major aircraft manufacturers, coupled with increasing adoption in automotive and wind energy sectors, sustains the market leadership. The country's strong focus on research and development, particularly in advanced materials and manufacturing processes, continues to drive innovation in carbon fiber applications.
Carbon Fiber Market Growth Potential in United States
The United States demonstrates strong growth potential with an expected growth rate of approximately 20% during 2024-2029. This growth is primarily driven by increasing demand from the aerospace sector, including both commercial and defense applications. The country's push towards electric vehicles and renewable energy infrastructure further supports market expansion. Significant investments in carbon fiber recycling technologies and sustainable manufacturing processes are expected to create new opportunities in the market.
Carbon Fiber Market in Europe
The European carbon fiber market is characterized by its strong focus on high-performance applications and sustainable manufacturing practices. Germany leads the regional market with its advanced automotive and aerospace industries, while the United Kingdom, France, and Italy contribute significantly through their respective industrial strengths. The region's emphasis on renewable energy, particularly wind power, continues to drive demand for carbon fiber materials.
Carbon Fiber Market in Germany
Germany maintains its position as the largest carbon fiber market in Europe, driven by its strong automotive manufacturing base and growing aerospace sector. The country's leadership in wind energy development and industrial applications further strengthens its market position. German manufacturers' focus on lightweight materials for electric vehicles and renewable energy applications continues to drive innovation in carbon fiber usage.
Carbon Fiber Market Growth Potential in Germany
Germany demonstrates the highest growth potential among European countries in the carbon fiber industry. The country's strong focus on sustainable manufacturing and renewable energy infrastructure supports this growth trajectory. The automotive sector's transition towards electric vehicles and the expanding wind energy sector continue to create new opportunities for carbon fiber applications.
Carbon Fiber Market in South America
The South American carbon fiber market is developing steadily, with Brazil and Argentina leading regional growth. Brazil dominates the market through its aerospace and automotive applications, while Argentina shows the fastest growth potential in the region. The increasing focus on renewable energy infrastructure and growing automotive manufacturing capabilities are driving market expansion across the region.
Carbon Fiber Market in Middle East & Africa
The Middle East & Africa region presents emerging opportunities in the carbon fiber industry, with Saudi Arabia and South Africa as key markets. Saudi Arabia leads the regional market and shows the fastest growth potential, driven by increasing investments in aerospace and construction sectors. The region's focus on diversifying its industrial base and growing emphasis on renewable energy applications continue to create new opportunities for carbon fiber materials.
Carbon Fiber Industry Overview
Top Companies in Carbon Fiber Market
The carbon fiber market is characterized by intense innovation and strategic developments among key players like Toray Industries, Hexcel Corporation, Mitsubishi Chemical Corporation, Teijin Limited, and SGL Carbon. Companies are increasingly focusing on developing sustainable and cost-effective carbon fiber manufacturing processes, with particular emphasis on carbon fiber recycling technologies and bio-based precursor materials. Strategic partnerships and collaborations, especially with aerospace and automotive manufacturers, have become crucial for market expansion. Operational agility is demonstrated through capacity expansions across multiple geographies, with companies establishing new production facilities to meet growing regional demand. Product innovation is primarily driven by the need for lighter, stronger materials in high-performance applications, leading to the development of specialized grades and hybrid solutions. Companies are also investing heavily in research and development to improve production efficiency and reduce manufacturing costs.
Consolidated Market with Strong Asian Leadership
The global carbon fiber market exhibits a highly consolidated structure, with the top five players commanding a significant portion of the carbon fiber market share. Japanese and European conglomerates dominate the landscape, leveraging their vertically integrated operations and extensive technological expertise. These companies maintain their competitive edge through substantial investments in research and development, advanced manufacturing capabilities, and strong relationships with end-users. The market is characterized by high entry barriers due to complex manufacturing processes, significant capital requirements, and stringent quality standards, which limit new entrants' ability to establish a meaningful presence.
The industry has witnessed strategic mergers and acquisitions aimed at expanding product portfolios and geographical reach. Companies are increasingly focusing on forward integration by acquiring carbon composite manufacturers to strengthen their position in the value chain. Regional players, particularly in China and South Korea, are gradually expanding their presence through government support and technological partnerships with established players. The market structure is further reinforced by long-term supply agreements with key customers in the aerospace and automotive sectors, creating stable revenue streams for major players.
Innovation and Sustainability Drive Future Success
Success in the carbon fiber industry increasingly depends on companies' ability to balance cost optimization with technological advancement. Incumbent players must focus on developing more efficient production processes while maintaining product quality to protect their market position. The ability to offer customized solutions for specific applications, particularly in emerging sectors like renewable energy and urban air mobility, will be crucial. Companies need to strengthen their recycling capabilities and develop sustainable manufacturing processes to address growing environmental concerns and potential regulatory pressures.
For contenders looking to gain market share, focusing on niche applications and regional markets presents viable opportunities. Success will depend on building strong relationships with local customers and developing specialized products for specific applications. The ability to offer competitive pricing while maintaining quality standards will be crucial for market penetration. Companies must also consider potential risks from substitute materials and changing end-user preferences, particularly in cost-sensitive applications. Future success will increasingly depend on the ability to adapt to evolving environmental regulations and sustainability requirements while maintaining operational efficiency.
Carbon Fiber Market Leaders
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TORAY INDUSTRIES INC.
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SGL Carbon
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Mitsubishi Chemical Corporation
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Hexcel Corporation
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Teijin Limited
- *Disclaimer: Major Players sorted in no particular order

Carbon Fiber Market News
- July 2022: Hexcel signed a long-term agreement with Dassault to supply carbon fiber prepreg for the Falcon 10X program. This is the first Dassault business jet program to incorporate high-performance advanced carbon fiber composites in manufacturing its aircraft wings.
- April 2022: Hexcel and Archer Aviation Inc. entered into a letter of intent covering a proposed relationship for supplying high-performance carbon fiber material that would be used to manufacture Archer's production aircraft.
- February 2022: Teijin Limited announced to form a partnership with the Japan-based recycled carbon fibers manufacturer Fuji Design Co. Ltd to establish a business for producing, supplying, and commercializing carbon fiber reinforced plastic products derived from recycled carbon fibers using carbon fiber with a low environmental impact process.
Carbon Fiber Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Recent Advancements in Aerospace and Defense Sector
- 4.1.2 Increasing Applications in Wind Energy Sector
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4.2 Restraints
- 4.2.1 Supply Chain Security for Recycled Carbon Fiber
- 4.2.2 Availability of Substitutes
- 4.2.3 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Price Analysis
- 4.6 Technology Landscape - Quick Snapshot
- 4.7 Production Analysis
5. MARKET SEGMENTATION (Market Size in Volume and Value)
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5.1 Raw Material
- 5.1.1 Polyacrylonitrile (PAN)
- 5.1.2 Petroleum Pitch and Rayon
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5.2 Type
- 5.2.1 Virgin Fiber (VCF)
- 5.2.2 Recycled Carbon Fiber (RCF)
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5.3 Application
- 5.3.1 Composite Materials
- 5.3.2 Textiles
- 5.3.3 Microelectrodes
- 5.3.4 Catalysis
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5.4 End-user Industry
- 5.4.1 Aerospace and Defense
- 5.4.2 Alternative Energy
- 5.4.3 Automotive
- 5.4.4 Construction and Infrastructure
- 5.4.5 Sporting Goods
- 5.4.6 Other End-user Industries
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5.5 Geography
- 5.5.1 Asia-Pacific
- 5.5.1.1 China
- 5.5.1.2 India
- 5.5.1.3 Japan
- 5.5.1.4 South Korea
- 5.5.1.5 Rest of Asia-Pacific
- 5.5.2 North America
- 5.5.2.1 United States
- 5.5.2.2 Canada
- 5.5.2.3 Mexico
- 5.5.3 Europe
- 5.5.3.1 Germany
- 5.5.3.2 United Kingdom
- 5.5.3.3 Italy
- 5.5.3.4 France
- 5.5.3.5 Rest of Europe
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Rest of South America
- 5.5.5 Middle East and Africa
- 5.5.5.1 Saudi Arabia
- 5.5.5.2 South Africa
- 5.5.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 A&P Technology Inc.
- 6.4.2 Anshan Sinocarb Carbon Fibers Co. Ltd
- 6.4.3 DowAksa USA LLC
- 6.4.4 Formosa Plastics Corporation
- 6.4.5 Hexcel Corporation
- 6.4.6 Holding company Composite
- 6.4.7 Hyosung Advanced Materials
- 6.4.8 Jiangsu Hengshen Co. Ltd
- 6.4.9 Mitsubishi Chemical Corporation
- 6.4.10 Nippon Graphite Fiber Co. Ltd
- 6.4.11 SGL Carbon
- 6.4.12 Solvay
- 6.4.13 Teijin Limited
- 6.4.14 Toray Industries Inc.
- 6.4.15 Zhongfu Shenying Carbon Fiber Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Popularity of Recycled Carbon Fiber
- 7.2 Emphasis on Usage of Lignin as Raw Material for Carbon Fiber
Carbon Fiber Industry Segmentation
Carbon fiber is composed of carbon atoms bonded together to form a long chain. The fibers are extremely stiff, strong, and light and are used in many processes to create excellent building materials.
The carbon fiber market is segmented by raw material, type, application, end-user industry, and geography. By raw material, the market is segmented into polyacrylonitrile (PAN) and petroleum pitch, and rayon. By type, the market is segmented into virgin fiber (VCF) and recycled carbon fiber (RCF). The applications of carbon fiber comprise composite materials, textiles, microelectrodes, and catalysis. By end-user industry, the market is segmented into aerospace and defense, alternative energy, automotive, construction and infrastructure, sporting goods, and other end-user industries. The report also covers the market size and forecasts for the carbon fiber market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (ton) and revenue (USD million).
Raw Material | Polyacrylonitrile (PAN) | ||
Petroleum Pitch and Rayon | |||
Type | Virgin Fiber (VCF) | ||
Recycled Carbon Fiber (RCF) | |||
Application | Composite Materials | ||
Textiles | |||
Microelectrodes | |||
Catalysis | |||
End-user Industry | Aerospace and Defense | ||
Alternative Energy | |||
Automotive | |||
Construction and Infrastructure | |||
Sporting Goods | |||
Other End-user Industries | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
Italy | |||
France | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Rest of South America | |||
Middle East and Africa | Saudi Arabia | ||
South Africa | |||
Rest of Middle East and Africa |
Carbon Fiber Market Research FAQs
How big is the Carbon Fiber Market?
The Carbon Fiber Market size is expected to reach 164.88 kilotons in 2025 and grow at a CAGR of 10.05% to reach 266.14 kilotons by 2030.
What is the current Carbon Fiber Market size?
In 2025, the Carbon Fiber Market size is expected to reach 164.88 kilotons.
Who are the key players in Carbon Fiber Market?
TORAY INDUSTRIES INC., SGL Carbon, Mitsubishi Chemical Corporation, Hexcel Corporation and Teijin Limited are the major companies operating in the Carbon Fiber Market.
Which is the fastest growing region in Carbon Fiber Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Carbon Fiber Market?
In 2025, the Asia Pacific accounts for the largest market share in Carbon Fiber Market.
What years does this Carbon Fiber Market cover, and what was the market size in 2024?
In 2024, the Carbon Fiber Market size was estimated at 148.31 kilotons. The report covers the Carbon Fiber Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Carbon Fiber Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Carbon Fiber Market Research
Mordor Intelligence provides a comprehensive analysis of the carbon fiber industry. Our expertise in CF market research and consulting is extensive. We cover the entire value chain, from carbon fiber raw material suppliers to carbon fiber vendors. This includes crucial segments such as aerospace carbon fiber and automotive carbon fiber applications. The report examines carbon fiber manufacturing processes and carbon fiber composite technologies. It also explores emerging trends in carbon fiber recycling, focusing on advanced composite materials like carbon fiber prepreg and carbon fiber reinforced plastic.
Stakeholders gain valuable insights through our downloadable report PDF. It provides detailed carbon fiber industry statistics and analyzes carbon fiber price trend. The research covers critical market dynamics, including carbon fiber industry growth patterns and developments in lightweight composite technologies. It also highlights innovations in structural composite applications. Our analysis extends to specialized segments, including carbon fiber fabric, carbon fiber tow, and carbon fiber textile manufacturing. This offers a comprehensive understanding of both composite fiber and reinforced carbon markets. The report delivers actionable intelligence for strategic decision-making across the aerospace carbon fiber market, automotive carbon fiber market, and carbon fiber prepreg industry.