The Market Reports

Synopsis
The global market for Carbon Fiber and CFRP was estimated to be worth US$ 12350 million in 2024 and is forecast to a readjusted size of US$ 29150 million by 2031 with a CAGR of 13.4% during the forecast period 2025-2031.
Carbon fiber is a high-performance material composed of thin, strong crystalline filaments of carbon atoms. It is known for its exceptional strength-to-weight ratio, high stiffness, corrosion resistance, and excellent fatigue properties. These properties make it a preferred choice for applications where lightweight and high strength are critical.
Carbon fiber is produced through the controlled pyrolysis of precursor materials such as polyacrylonitrile (PAN) and pitch. The resulting fiber is woven into fabrics or combined with resins to form carbon fiber reinforced polymer (CFRP), which is widely used in various industries.
Intensified Competition: The market is dominated by major players such as Toray, MCCFC, Hexcel, and Teijin. At the same time, new players are entering the market, increasing competition in the large tow carbon fiber segment.
Improved Manufacturing Processes: Advanced resin transfer molding (RTM), 3D weaving, and AI-assisted material design enhance production efficiency.
Cost Reduction Efforts: Manufacturers are investing in new production techniques like low-cost precursors (lignin-based, bio-based), automated fiber placement (AFP), and optimized resin infusion techniques.
Growing Demand from Aerospace and Automotive Industries: The aerospace sector increasingly adopts carbon fiber to reduce aircraft weight and improve fuel efficiency. The automotive industry is accelerating carbon fiber adoption, particularly in EVs and high-performance sports cars.
Renewable Energy Expansion: Wind energy is a significant driver, as larger wind turbine blades (over 100 meters) require high-strength carbon fiber composites for durability and weight reduction.
Rising Demand in Infrastructure and Construction: The use of carbon fiber-reinforced concrete (CFRC) in earthquake-resistant buildings and bridges is increasing due to its high durability and corrosion resistance.
This report aims to provide a comprehensive presentation of the global market for Carbon Fiber and CFRP, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Carbon Fiber and CFRP by region & country, by Type, and by Application.
The Carbon Fiber and CFRP market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carbon Fiber and CFRP.
Market Segmentation
By Company
Toray
MCCFC
Teijin
Hexcel
Hyosung Advanced Materials
SGL Carbon
Formosa Plastics
DowAksa
Syensqo
UMATEX
Taekwang Industrial
Zhongfu Shenying
Jilin Chemical Fiber
Baowu Carbon
Weihai Guangwei Composites
Sinofibers Technology
Jiangsu Hengshen
Newtech Group
Segment by Type
Carbon Fiber
CFRP
Segment by Application
Aerospace and Defense
Sports/Leisure
Wind Energy
Pressure Vessel
Automotive
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Carbon Fiber and CFRP manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Carbon Fiber and CFRP in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Carbon Fiber and CFRP in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index