The Market Reports

Synopsis
The global market for Carbon Fiber was estimated to be worth US$ 3408 million in 2024 and is forecast to a readjusted size of US$ 7764 million by 2031 with a CAGR of 13.3% during the forecast period 2025-2031.
Carbon fiber is a strong, lightweight material made primarily of carbon atoms that are bonded together in a crystalline structure. It is produced by heating polyacrylonitrile (PAN) or other precursor materials to high temperatures in a process called pyrolysis. The carbon atoms are aligned in long, thin strands, giving carbon fiber its exceptional strength-to-weight ratio, stiffness, and resistance to heat and corrosion. Carbon fiber is widely used in various industries, including aerospace, automotive, sports equipment, and renewable energy, due to its superior properties compared to traditional materials like steel and aluminum.
The global carbon fiber capacity is expected to continue growing as industries increasingly recognize the material’s advantages in terms of strength, weight, and sustainability. However, challenges remain, such as high production costs and the need for new manufacturing technologies. In the future, innovations in recycling and reusing carbon fiber are likely to further drive the expansion of the market, making carbon fiber more cost-effective and sustainable. Producers like Toray, SGL Carbon, Mitsubishi Chemical and some new companies in China are actively to invest in new capacity.
Market Drivers:
Growing Demand for Lightweight Materials: The automotive, aerospace, and sports industries are increasingly adopting carbon fiber due to its high strength-to-weight ratio. It helps improve fuel efficiency in vehicles and aircraft, which is driving its demand.
Environmental Benefits: Carbon fiber components contribute to reducing the carbon footprint of vehicles and industrial machinery by enabling lighter designs, which consume less energy.
Advancements in Manufacturing Technologies: The development of cost-effective manufacturing processes, such as automated fiber placement and 3D printing, is helping reduce production costs and make carbon fiber more accessible for mass production.
Increasing Adoption in Renewable Energy: Carbon fiber is being used in wind turbine blades, where its strength and lightness help improve the efficiency of renewable energy systems. This contributes to the growth of carbon fiber demand in the energy sector.
Aerospace and Defense Sector: The demand for advanced materials in military and commercial aerospace applications continues to drive market growth. Carbon fiber's use in fuselages, wings, and other critical components is growing due to its superior performance characteristics.
High-Performance Sports Equipment: The demand for high-quality sporting goods such as bicycles, golf clubs, tennis rackets, and skis is driving the adoption of carbon fiber.
This report aims to provide a comprehensive presentation of the global market for Carbon Fiber, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Carbon Fiber by region & country, by Type, and by Application.
The Carbon Fiber 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.
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
Regular-Tow Carbon Fiber
Large-Tow Carbon Fiber
Segment by Application
Wind Energy
Sports/Leisure
Aerospace and Defense
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 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 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 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