Carbon Fiber Market Research Report By Raw Material Type (Pan, Pitch), BFiber Type (Virgin, Recycled), Modulus (Standard, Intermediate, High), Product Type (Continuous, Long, Short), Application (Composites, Non-Composites), End-use Industry (Aerospace & Defense, Automotive, Wind Energy, Pipe, Pressure Vessels, Sporting Goods, Construction & Infrastructure, Medical & Healthcare, and Marine, and by Region- Global Forecast to 2034
May-2025 Formats | PDF | Category: Chemical | Delivery: 24 to 72 Hours
“The Carbon Fiber Market industry is expected to expand from 4.84 Billion in 2025 to $ 7.23 Billion in 2034, with a compound annual growth rate of 7.3% “
Carbon Fiber Market: Overview and Growth in the Upcoming Year
Carbon fibre and other high-performance materials are well known for their exceptional strength-to-weight ratios. It is made up of thin, tightly woven filaments of carbon atoms that come together to form a strong, lightweight structure. Carbon fiber’s unique properties make it ideal for use in industries where strength and durability are essential, such as automotive, sporting goods, and aerospace.
The majority of the carbon fibre market is controlled by a small number of powerful corporations that have established themselves as industry leaders. Companies like Toray Industries, Teijin Limited, and Hexcel Corporation are known for creating innovative solutions and premium carbon fibre products. To continue enhancing the performance of carbon fibre materials, these companies have made large investments in research and development.
Carbon fibre has grown in popularity in recent years due to its many applications and superior qualities. Due to a surge in demand from the automotive and aerospace industries, the market is expected to grow significantly over the course of the upcoming year. As manufacturers look for ways to reduce weight and improve fuel efficiency, carbon fibre is beginning to appear as a desirable alternative to traditional materials.
One of the main benefits of carbon fibre is its lightweight nature, which helps reduce weight without compromising strength. This makes it ideal for applications where weight reduction is crucial, such as the aerospace industry. Because of its remarkable fatigue properties and ability to withstand corrosion, carbon fibre is a solid choice for long-lasting products.
Despite the challenges, there is a lot of space for growth and innovation in the carbon fibre market. Technological developments are leading to the development of new and improved carbon fibre materials with even greater strength and performance. As industries continue to search for robust and lightweight solutions, it is expected that demand for carbon fibre will rise, opening up new opportunities for market players.
For Insights Consultancy’s latest market intelligence study, “Global Carbon Fiber Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Toray Industries, Inc. (Japan)
- DowAksa (Turkey)
- Mitsubishi Chemical Group Corporation (Japan)
- Syensqo (Belgium)
- Teijin Limited (Japan)
- SGL Carbon (Germany)
- Hexcel Corporation (US)
- HS Hyosung Advanced Materials (South Korea)
- Zhongfu Shenying Carbon Fiber Co., Ltd. (China)
- Kureha Corporation (Japan)
- Osaka Gas Chemicals Co., Ltd., (Japan)
- UMATEX (Russia)
- Jilin Chemical Fiber Group Co., Ltd. (China)
- Jiangsu Hengshen Co., Ltd. (China)
- China National Bluestar (Group) Co., Ltd. (China)
Industry News
Mar 05, 2025 Syensqo and Vartega collaborate to advance circularity of carbon fiber composites
Syensqo (Alpharetta, Ga., U.S.) and Vartega (Denver, Colo., U.S.) have formed a technical and commercial collaboration to create an ecosystem to foster the use of post-industrial recycled carbon fiber (rCF) products in high-performance applications.
January 11, 2024 Toray Develops TORAYCA™ M46X Carbon Fiber with High Tensile Modulus and Enhanced Strength
Toray Industries, Inc. announced today that it has developed TORAYCA™ M46X carbon fiber. The new offering is around 20% stronger than others in the TORAYCA™ MX series while maintaining a high tensile modulus. Utilizing TORAYCA™ M46X reduces the weight of carbon fiber-reinforced plastic materials, lowering its environmental impact.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Raw material type
- Pan
- Pitch
Segment By fiber type
- Virgin
- Recycled
Segment By modulus
- Standard
- Intermediate
- High
Segment Byproduct type
- Continuous
- Long
- Short
Segment By Application
- Composites
- Non-Composites
Regional Deep-dive Analysis:
The report provides in-depth qualitative and quantitative data on the Carbon Fiber Market for all of the regions and countries listed below:
North America includes the United States, Canada, and Mexico.
Europe includes Germany, France, Italy, the United Kingdom, Scandinavia, Benelux, Russia, and the rest of Europe.
Asia-Pacific includes Japan, South Korea, India, China, Southeast Asia, and Australia.
South America (including Brazil, Argentina, and the rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
Each country is studied in detail, and the study includes qualitative and quantitative analysis of the Carbon Fiber Market in that country.
North America
North America controls the majority of the carbon fibre market, with the US leading the way in both production and consumption. The region’s thriving aerospace and defence sector is the primary driver of the demand for carbon fibre materials. Additionally, the North American auto industry is increasingly using carbon fibre composites in their vehicles to reduce weight and improve fuel efficiency. Because of ongoing technological advancements and growing R&D expenditures, the carbon fibre market in North America is expected to continue growing over the coming years.
Europe
Europe is another significant region in the carbon fibre market, with countries like Germany, France, and the United Kingdom setting the standard for production and innovation. The region’s well-established automotive industry is driving the demand for carbon fibre materials to meet strict environmental requirements and improve overall performance. Furthermore, Europe’s substantial involvement in the wind energy sector has raised the demand for carbon fibre composites in the manufacturing of wind turbine blades. As sustainability and energy efficiency become more important, the European carbon fibre market is anticipated to expand even more.
Asia-Pacific
China, Japan, and South Korea are the top producers and consumers of carbon fibre in the Asia Pacific region, where the market is growing rapidly. The demand for carbon fibre products has recently increased as a result of the expanding automotive and aerospace industries in Asia Pacific. Chinese manufacturers are investing heavily in the production of carbon fibre in order to satisfy the market’s growing demands. Additionally, the expansion of e-commerce and digitalisation in Asia Pacific has increased the potential for carbon fibre applications in the construction and infrastructure sectors. The market for carbon fibre in Asia Pacific is expected to expand rapidly in the near future as a result of supportive government policies and growing investments in environmentally friendly technology.
Middle East and Africa
The Middle East is gradually emerging as a significant player in the carbon fibre industry, with countries such as Saudi Arabia and the United Arab Emirates setting the standard for adoption. The substantial oil and gas industry in the area has created opportunities for the use of carbon fibre in pipelines, offshore platforms, and storage tanks. The Middle East’s focus on economic diversification and investments in renewable energy sources has also increased demand for carbon fibre materials in the wind and solar energy sectors. As long as the Middle East continues to invest in state-of-the-art technology and eco-friendly practices, the market for carbon fibre is expected to expand gradually over the coming years.
The research provides answers to the following key questions:
- What is the expected growth rate of the Carbon Fiber Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Carbon Fiber Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Carbon Fiber Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://forinsightsconsultancy.com/contact-us/
Table of Contents
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