Report Highlights
The global market for carbon fiber was valued at $4.9 billion in 2024 and is estimated to increase from $5.3 billion in 2025 to reach $8.2 billion by 2030, at a compound annual growth rate (CAGR) of 9.1% from 2025 through 2030.
Report Includes
- 133 data tables and 56 additional tables
- An analysis of the current and future global markets for carbon fibers
- Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2026 and projected CAGRs through 2030
- Estimates of the market size in value and volumetric terms and revenue prospects for the global market, accompanied by a corresponding market share analysis by raw material type, tow size, fiber type, end-use industry and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, prospects and innovations, as well as the impact of macroeconomic variables
- A review of physical properties and manufacturing technologies for carbon fibers
- Insights derived from Porter’s Five Forces model, as well as global supply chain analyses
- Patent review, featuring key granted and published patents
- Analysis of the industry structure, including companies’ market shares and rankings, product mappings, strategic initiatives, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Company profiles of major players within the industry, including Toray Industries Inc., Mitsubishi Chemical Group Corp., Teijin Ltd., Hexcel Corp., and Syensqo
Report Scope
The report provides a comprehensive market analysis of the carbon fiber market, reflecting the latest trends and data for the period from 2024 to 2030. The base year of the analysis is 2024, with the forecast period spanning 2025 to 2030. The revenue calculated in this report is in U.S. dollars. This report further provides an in-depth analysis of the industry, both qualitatively and quantitatively.
The global carbon fiber market is segmented into the following categories:
- By raw material (PAN and others).
- By tow size (Small tow of <24K and large tow of >24K).
- By fiber type (Virgin carbon fiber and recycled carbon fiber).
- By end user (Aerospace and defense, wind energy, automotive, sporting goods, pressure vessels, electrical and electronics, marine and others).
- By region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $4.9 billion | ||||||||||||||||
| Market size forecast | $8.2 billion | ||||||||||||||||
| Growth rate | CAGR of 9.1% for the forecast period of 2025-2030 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Raw Material, Tow-Size, Fiber Type, End User | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., France, Germany, Italy, Spain, Portugal, Sweden, Hungary, Romania, the Czech Republic, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Malaysia, Vietnam | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Strict environmental regulations of the aerospace industry.
- Need for lightweight materials in the mobility sector.
- Growth of the space industry.
- Key challenges include - Harmful impact of carbon fiber, High cost of producing carbon fiber.
- Key opportunities include - Emerging applications: eVTOL, hydrogen infrastructure, sports equipment, and medical equipment.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global carbon fiber market should grow from $4.4 billion in 2020 to $5.5 billion by 2025 with a compound annual growth rate (CAGR) of 4.8% for the period of 2020-2025.
Report Includes
- 65 data tables and 15 additional tables
- An overview of global market for carbon fiber
- Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Market share analysis of the carbon fiber, based on raw material, fiber type, tow size, end use, and region
- Identification of segments with high growth potential and analysis of future applications of each of the segments
- Explanation of the major drivers and regional dynamics of the market and evaluation of market size, market forecast, regulatory and reimbursement scenario, and a relevant patent analysis
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Comprehensive company profiles of the leading players of the industry, including Toray Industries Inc., Formosa M Co. Ltd., Hexcel Corp., Mitsubishi Chemical Carbon Fiber & Composites, Solvay S.A. and Hyosung Advanced Materials
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