Carbon Fiber Market Share

ID: MRFR/CnM/6138-CR

200 Pages

Chitranshi Jaiswal

February 2025

Carbon Fiber Market Research Report By Application (Aerospace, Automotive, Wind Energy, Construction, Sporting Goods), By Type (Continuous Fiber, Chopped Fiber, Fabric, Prepreg, Composites), By End Use Industry (Aerospace, Defense, Automotive, Energy, Marine, Civil Engineering), By Manufacturing Process (Pullwinding, Filament Winding, Injection Molding, Layup, Prepregging) and By Regional (Nort...

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Market Share

Introduction: Navigating the Competitive Landscape of Carbon Fiber Innovation

The market for carbon fibre is undergoing a revolutionary change, driven by rapid technological development, changing regulations and the demand for sustainable performance. The leading companies, including manufacturers, material suppliers and advanced manufacturers, are competing with each other to offer the best performance and highest efficiency. They use new digital tools such as machine learning and the Internet of Things to optimize their products and production processes. The producers of the basic materials are increasingly focusing on sustainable production methods, while the new entrants are disrupting established markets with new applications in the fields of aeronautics, automobiles and sports. As the regional dynamics develop, especially in North America and Asia-Pacific, strategic deployment trends are emerging towards local production and resilient supply chains. This intense competition highlights the need for strategic planners and top managers to be aware of these changing conditions and the forces driving them.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions across the carbon fiber value chain, from raw materials to finished products.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Toray Industries	Leading in advanced composite materials	Carbon fiber production and applications	Global
SGL Carbon	Strong focus on sustainability and innovation	Carbon fiber and composite solutions	Europe, North America, Asia
Mitsubishi Chemical Holdings	Diverse chemical and material expertise	Carbon fiber and related materials	Asia, North America, Europe

Specialized Technology Vendors

These companies focus on niche technologies and innovations within the carbon fiber sector, enhancing performance and application.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Hexcel Corporation	Expertise in aerospace and industrial applications	Advanced composites and carbon fiber	North America, Europe, Asia
Cytec Solvay Group	Strong R&D capabilities in composites	Specialty materials and carbon fiber	Global
Zoltek	Cost-effective carbon fiber solutions	Industrial carbon fiber products	North America, Europe, Asia

Infrastructure & Equipment Providers

These vendors supply the necessary infrastructure and equipment for carbon fiber production and processing.

Vendor	Competitive Edge	Solution Focus	Regional Focus
General Electric	Integration of advanced manufacturing technologies	Carbon fiber production equipment	Global
Dow	Innovative chemical solutions for composites	Resins and additives for carbon fiber	Global
Lanxess	Specialty chemicals for high-performance applications	Chemical solutions for carbon fiber	Europe, North America, Asia

Raw Material Suppliers

These vendors provide the essential raw materials required for carbon fiber production.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Teijin Limited	Vertical integration in aramid and carbon fibers	Raw materials for carbon fiber	Asia, North America, Europe
Aksa	Strong position in acrylic fiber production	Acrylic fibers for carbon fiber	Global
China National Chemical Corporation	Large-scale production capabilities	Raw materials for carbon fiber	Asia
Formosa Plastics Corporation	Diverse portfolio in plastics and fibers	Raw materials for carbon fiber	Asia, North America
Hyosung	Expertise in high-performance fibers	Raw materials for carbon fiber	Asia, North America

Emerging Players & Regional Champions

US Hexcel: a company specialising in advanced composite materials, particularly in the aeronautics and automobile industries. Hexcel has recently been awarded a multi-year contract by a major aircraft manufacturer to supply lightweight components. By offering new solutions that reduce fuel consumption, Hexcel is challenging the industry giants, such as Toray Industries.
SGL CARBON (Germany) - This company specializes in the manufacture of high-performance carbon fibers for industrial applications, such as wind energy and automobiles. It has recently started a collaboration with a major automobile manufacturer to supply carbon fiber components. It is a strong competitor to established suppliers because it emphasizes the importance of sustainability and recyclability.
The Japanese company, the Mitsubishi Chemical Company, produces a wide range of carbon fiber products, which are especially suited to the sports and leisure markets. Recently, they launched a line of “green” carbon fibers that are set to disrupt the traditional market of established suppliers, by appealing to consumers’ growing concern for the environment.
Teijin, a Japanese company, is famous for its high-strength fibers of carbon, used in a variety of products, such as aircraft and sports equipment. In response to growing demand, it has recently increased its production capacity, which may put established competitors at a disadvantage as competition heats up in the high-performance market.
Zoltek Companies, Inc. (USA): specializes in the production of low-cost carbon fiber for industrial use. Recently signed a contract with a large manufacturer of wind-turbines, thereby establishing itself as a low-cost alternative to established producers such as Toray and Hexcel.

Regional Trends: In 2024, the carbon fiber market will have a significant regional growth, especially in North America and Europe, driven by the growing demand for aircraft, automobiles, and wind energy. The trend of specialization in technology is towards sustainable production methods and high-performance applications, with a notable increase in the use of eco-friendly carbon fibers. The new entrants in the industry are relying on the use of new technology to differentiate themselves from the market, while the established companies are relying on the quality of their products to maintain their market share.

Collaborations & M&A Movements

Toray Industries and Hexcel Corporation announced a joint venture to develop advanced carbon fiber materials aimed at the aerospace sector, enhancing their competitive positioning in a rapidly growing market.
SGL Carbon SE acquired a majority stake in a leading carbon fiber recycling company to strengthen its sustainability initiatives and expand its product offerings in response to increasing regulatory pressures on waste management.
Mitsubishi Chemical Corporation partnered with BASF to innovate new carbon fiber composites for automotive applications, aiming to capture a larger share of the lightweight materials market as electric vehicle production ramps up.

Competitive Summary Table

Capability	Leading Players	Remarks
Material Strength and Durability	Toray Industries, Hexcel Corporation	Toray is famous for its high-tenacity carbon fibers used in aeronautical applications, which have a high tensile strength. Hexcel has developed a new type of composite material which has high fatigue resistance, and has a high tensile strength, which has been used in the new Boeing 787 Dreamliner.
Sustainability Practices	SGL Carbon, Mitsubishi Chemical	SGL Carbon has implemented recycling processes for carbon fiber, reducing waste and promoting circular economy practices. Mitsubishi Chemical focuses on bio-based carbon fibers, showcasing their commitment to sustainable materials.
Cost Efficiency in Production	Teijin Limited, Solvay	Teijin has optimized its production processes to lower costs while maintaining quality, as seen in their automotive applications. Solvay has introduced innovative manufacturing techniques that reduce material waste and energy consumption.
Customization and Versatility	Zoltek, Formosa Plastics Corporation	Zoltek offers a range of carbon fiber products tailored for various industries, including wind energy and automotive. Formosa Plastics provides customizable solutions that meet specific client requirements, enhancing their market appeal.
Research and Development	BASF, Dow Chemical	BASF invests heavily in R&D for advanced carbon fiber composites, focusing on lightweight materials for automotive applications. Dow Chemical has developed innovative resin systems that improve the performance of carbon fiber composites.

Conclusion: Navigating the Carbon Fiber Landscape

The carbon fibres market in 2024 is characterised by strong competition and significant fragmentation, with both the established and new players vying for market share. The regional trends point to an increase in demand in Asia-Pacific and North America. Consequently, the suppliers are adjusting their strategies accordingly. The established players are focusing on their existing supply chains and their strong brand names, while the newcomers are focusing on innovation and sustainability in order to carve out their own niches. For the suppliers wishing to gain leadership positions, the ability to integrate advanced features such as artificial intelligence, automation and flexibility will be crucial. In the changing market, the companies that combine eco-friendly practices with a focus on efficiency will be the ones to gain the upper hand.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the projected market valuation of the Carbon Fiber Market by 2035?

The Carbon Fiber Market is projected to reach a valuation of 25.37 USD Billion by 2035.

What was the market valuation of the Carbon Fiber Market in 2024?

In 2024, the Carbon Fiber Market had a valuation of 8.25 USD Billion.

What is the expected CAGR for the Carbon Fiber Market during the forecast period 2025 - 2035?

The expected CAGR for the Carbon Fiber Market during the forecast period 2025 - 2035 is 10.75%.

Which application segment is projected to have the highest growth in the Carbon Fiber Market?

The Automotive application segment is projected to grow from 2.1 USD Billion in 2024 to 6.5 USD Billion by 2035.

What are the key players in the Carbon Fiber Market?

Key players in the Carbon Fiber Market include Toray Industries, Hexcel Corporation, and SGL Carbon, among others.

How does the valuation of the Aerospace segment change from 2024 to 2035?

The Aerospace segment is expected to increase from 1.65 USD Billion in 2024 to 5.1 USD Billion by 2035.

What is the projected valuation for the Continuous Fiber type in the Carbon Fiber Market by 2035?

The Continuous Fiber type is projected to reach a valuation of 7.56 USD Billion by 2035.

Which manufacturing process is expected to see the most growth in the Carbon Fiber Market?

The Prepregging manufacturing process is anticipated to grow from 2.35 USD Billion in 2024 to 7.47 USD Billion by 2035.

What is the expected growth of the Wind Energy segment in the Carbon Fiber Market?

The Wind Energy segment is projected to grow from 1.25 USD Billion in 2024 to 3.8 USD Billion by 2035.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Carbon Fiber Market Size was estimated at 8.25 USD Billion in 2024. The Carbon Fiber industry is projected to grow from 9.137 USD Billion in 2025 to 25.37 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 10.75 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The carbon fiber market is poised for substantial growth driven by technological advancements and increasing applications across various sectors.

North America remains the largest market for carbon fiber, primarily due to its robust aerospace sector. Asia-Pacific is recognized as the fastest-growing region, fueled by rapid industrialization and increasing demand for lightweight materials. The aerospace segment continues to dominate the market, while the automotive segment is experiencing the fastest growth due to innovations in vehicle design. Key market drivers include rising demand in the aerospace sector and advancements in manufacturing technologies, which are enhancing production efficiency.

Market Size & Forecast

2024 Market Size	8.25 (USD Billion)
2035 Market Size	25.37 (USD Billion)
CAGR (2025 - 2035)	10.75%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

Toray Industries (JP), Hexcel Corporation (US), SGL Carbon (DE), Mitsubishi Chemical Corporation (JP), Teijin Limited (JP), Solvay SA (BE), Zoltek Companies (US), Cytec Industries (US), Formosa Plastics Corporation (TW)

Market Trends

The Carbon Fiber Market is currently experiencing a dynamic evolution, driven by advancements in technology and increasing demand across various sectors. Industries such as aerospace, automotive, and sports equipment are increasingly adopting carbon fiber due to its lightweight and high-strength properties. This shift appears to be influenced by a growing emphasis on sustainability and energy efficiency, prompting manufacturers to seek materials that enhance performance while reducing environmental impact. As a result, the market landscape is becoming more competitive, with numerous players striving to innovate and differentiate their offerings. Moreover, the Carbon Fiber Market seems poised for further growth as applications expand beyond traditional sectors. Emerging fields such as renewable energy and medical devices are beginning to explore the benefits of carbon fiber, indicating a potential diversification of its usage. This trend suggests that the market may witness a broader acceptance of carbon fiber in various innovative applications, thereby enhancing its overall market presence. The interplay between technological advancements and evolving consumer preferences is likely to shape the future trajectory of the Carbon Fiber Market, making it a focal point for industry stakeholders and investors alike.

Sustainability Initiatives

The Carbon Fiber Market is increasingly influenced by sustainability initiatives, as companies seek to reduce their carbon footprint. This trend indicates a shift towards eco-friendly production methods and the use of recycled materials, which may enhance the appeal of carbon fiber in environmentally conscious industries.

Technological Advancements

Ongoing technological advancements are transforming the Carbon Fiber Market, leading to improved manufacturing processes and product performance. Innovations in production techniques could result in lower costs and enhanced material properties, making carbon fiber more accessible to a wider range of applications.

Diversification of Applications

The diversification of applications for carbon fiber is becoming more pronounced, with industries such as renewable energy and healthcare exploring its potential. This trend suggests that the Carbon Fiber Market may expand into new sectors, thereby broadening its impact and relevance in the global economy.

The Global Carbon Fiber Market is poised for robust growth, driven by increasing demand across various industries for lightweight and high-strength materials that enhance performance and sustainability.

U.S. Department of Energy

Carbon Fiber Market Market Drivers

Rising Demand in Aerospace Sector

The aerospace sector is experiencing a notable increase in demand for lightweight and high-strength materials, which positions the Carbon Fiber Market favorably. Carbon fiber composites are increasingly utilized in aircraft manufacturing due to their superior strength-to-weight ratio, which enhances fuel efficiency and performance. Reports indicate that the aerospace industry is projected to grow at a compound annual growth rate (CAGR) of approximately 4.5% over the next five years. This growth is likely to drive the demand for carbon fiber components, as manufacturers seek to reduce overall aircraft weight and improve operational efficiency. Consequently, the Carbon Fiber Market is expected to benefit significantly from this trend, as more aerospace companies adopt carbon fiber materials in their designs and production processes.

Automotive Industry Transformation

The automotive industry is undergoing a transformation, with a marked shift towards lightweight materials to enhance fuel efficiency and reduce emissions. The Carbon Fiber Market is poised to capitalize on this trend, as carbon fiber composites are increasingly integrated into vehicle designs. Recent data suggests that the use of carbon fiber in automotive applications could grow at a CAGR of around 10% over the next several years. This growth is driven by the rising demand for electric vehicles (EVs) and the need for improved performance and safety features. As automotive manufacturers prioritize sustainability and efficiency, the adoption of carbon fiber materials is likely to expand, thereby bolstering the Carbon Fiber Market.

Advancements in Manufacturing Technologies

Innovations in manufacturing technologies are playing a crucial role in the evolution of the Carbon Fiber Market. Techniques such as automated fiber placement and 3D printing are enhancing production efficiency and reducing costs associated with carbon fiber components. These advancements enable manufacturers to produce complex geometries and customized solutions that meet specific industry requirements. As production processes become more streamlined, the accessibility of carbon fiber materials is likely to increase, attracting a broader range of industries. The Carbon Fiber Market may witness a surge in demand as these technologies continue to evolve, making carbon fiber more competitive against traditional materials.

Expansion of Sports and Recreational Equipment

The sports and recreational equipment sector is witnessing a surge in demand for high-performance materials, positioning the Carbon Fiber Market for growth. Carbon fiber is favored for its lightweight and high-strength characteristics, making it ideal for various sporting goods, including bicycles, golf clubs, and fishing rods. Market analysis indicates that the sports equipment segment is expected to grow at a CAGR of approximately 6% over the next few years. This growth is driven by consumer preferences for advanced materials that enhance performance and durability. As manufacturers continue to innovate and incorporate carbon fiber into their products, the Carbon Fiber Market is likely to experience increased demand and expansion.

Growing Interest in Renewable Energy Solutions

The shift towards renewable energy solutions is fostering growth in the Carbon Fiber Market. Wind energy applications, particularly in turbine blade manufacturing, are increasingly utilizing carbon fiber composites due to their lightweight and durable properties. The wind energy sector is projected to expand significantly, with investments in renewable energy expected to reach trillions of dollars in the coming years. This trend suggests a robust demand for carbon fiber materials, as manufacturers seek to enhance the efficiency and longevity of wind turbine components. Consequently, the Carbon Fiber Market stands to benefit from the increasing integration of carbon fiber in renewable energy applications.

Market Segment Insights

By Application: Aerospace (Largest) vs. Automotive (Fastest-Growing)

The carbon fiber market exhibits a diverse distribution of application segments, with aerospace dominating the overall market share. This segment's significant utilization is driven by the demand for <a href="https://www.marketresearchfuture.com/reports/lightweight-materials-market-8528">lightweight materials</a> that enhance fuel efficiency and performance in aircraft manufacturing. On the other hand, automotive applications are rapidly emerging, leveraging carbon fiber for weight reduction and improved driving dynamics. The growing emphasis on electric vehicles is also boosting the adoption of carbon fiber components in this segment.

Aerospace (Dominant) vs. Automotive (Emerging)

The aerospace sector stands as a pillar in the carbon fiber market due to its established need for high-performance materials. Carbon fiber's lightweight and strong properties are indispensable in aviation, allowing for improved fuel efficiency and reduced emissions. Conversely, the automotive industry is transitioning towards carbon fiber as it seeks to innovate design and enhance vehicle performance. With the resurgence in electric vehicle manufacturing, automotive players are increasingly integrating carbon fiber to lighten structures and extend driving range, showcasing a robust growth trajectory that is expected to continue.

By Type: Prepreg (Largest) vs. Continuous Fiber (Fastest-Growing)

In the Carbon Fiber Market, the segment distribution shows a clear dominance of Prepreg, which captures the largest market share among the types of carbon fiber products. This segment stands out as a favored choice in various applications due to its ease of use and ability to create high-performance composite structures. Following closely is Continuous Fiber, which is gaining traction due to its growing adoption in lightweight and high-strength applications, particularly in the aerospace and automotive industries. The growth trends within the Carbon Fiber Market reflect a shift toward materials that offer durability and efficiency. Continuous Fiber is recognized as the fastest-growing segment, influenced by increased demand for lightweight materials and stringent regulations on emissions. Meanwhile, the Prepreg segment is benefiting from its established utilization in high-performance sectors, propelling innovation and expansion in production capabilities. Both segments demonstrate resilience and adaptability, ensuring their prominent roles in the evolving market landscape.

Prepreg (Dominant) vs. Continuous Fiber (Emerging)

Prepreg, known for its pre-impregnated resin system, leads the Carbon Fiber Market due to its convenience and high-performance characteristics. It is extensively used in industries such as aerospace, automotive, and sporting goods, where strength, lightness, and structural integrity are paramount. This segment enjoys well-established production techniques, allowing for efficient manufacturing processes and consistent quality. In contrast, Continuous Fiber, while still emerging, is gaining significant interest for applications requiring long lengths of fiber, such as in large composite structures. This type of fiber is increasingly recognized for its potential in enhancing product performance, especially in advanced engineering applications. The dynamic nature of Continuous Fiber positioning allows it to innovate and adapt to new market demands.

By End Use Industry: Aerospace (Largest) vs. Automotive (Fastest-Growing)

The Carbon Fiber Market is significantly influenced by various end-use industries, most notably aerospace and automotive. Aerospace continues to dominate the market as the largest segment due to its extensive use of carbon fiber in aircraft manufacturing, enhancing fuel efficiency and performance. Meanwhile, the automotive industry is emerging rapidly, capitalizing on the growing trend towards lightweight vehicle materials to improve fuel efficiency and reduce emissions, thereby gaining substantial market share.

Aerospace (Dominant) vs. Automotive (Emerging)

In the Carbon Fiber Market, the aerospace sector stands out as the dominant player, leveraging carbon fiber's lightweight and strength properties to manufacture advanced aircraft components. The demand for fuel-efficient aircraft has propelled this segment to the forefront. Conversely, the automotive industry represents an emerging market for carbon fiber, driven by the increasing necessity for lightweight materials to meet stringent emission regulations and enhance vehicle performance. As automotive manufacturers shift towards electric and hybrid vehicles, the use of carbon fiber in interiors, exteriors, and structural components is expected to grow, fostering innovation and sustainability within the sector.

By Manufacturing Process: Filament Winding (Largest) vs. Layup (Fastest-Growing)

The manufacturing process segment of the carbon fiber market is characterized by various methodologies, with filament winding holding the largest market share. This technique is widely adopted due to its efficiency and effectiveness in creating complex geometries suitable for high-performance applications. Layup processes are gaining traction as they emerge as a fast-growing alternative, appealing to a diverse range of applications including automotive and aerospace, where lightweight materials are increasingly important for performance and fuel efficiency.

Filament Winding (Dominant) vs. Layup (Emerging)

Filament winding is recognized as the dominant manufacturing process within the carbon fiber market, favored for its capability to produce high-strength, lightweight composite materials in a cost-effective manner. This method allows for precise control over fiber orientation, which is crucial for achieving the desired mechanical properties. On the other hand, the layup process is emerging rapidly, particularly for applications that require custom shapes and sizes. As industries push for increased performance, the versatility of layup techniques in accommodating various design requirements makes it a competitive alternative, adding to its appeal in evolving market landscapes.

Get more detailed insights about Carbon Fiber Market Research Report – Global Forecast till 2035

Regional Insights

North America : Innovation and Demand Surge

North America is the largest market for carbon fiber, holding approximately 40% of the global share, driven by robust demand in aerospace, automotive, and sporting goods sectors. Regulatory support for lightweight materials and sustainability initiatives further catalyze growth. The region's advanced manufacturing capabilities and R&D investments are pivotal in meeting increasing demand for high-performance materials. The United States dominates the North American market, with key players like Hexcel Corporation and Zoltek Companies leading the charge. Canada also contributes significantly, focusing on aerospace applications. The competitive landscape is characterized by innovation, with companies investing heavily in new technologies and applications to enhance performance and reduce costs. This dynamic environment positions North America as a leader in the carbon fiber market.

Europe : Sustainable Growth and Innovation

Europe is witnessing significant growth in the carbon fiber market, accounting for approximately 30% of the global share. The region's focus on sustainability and lightweight materials in automotive and aerospace industries drives demand. Regulatory frameworks promoting carbon reduction and energy efficiency are key catalysts for market expansion, encouraging investments in advanced materials and technologies. Germany and France are the leading countries in this market, with major players like SGL Carbon and Solvay SA at the forefront. The competitive landscape is marked by collaborations between manufacturers and research institutions to innovate and develop new applications. The European market is characterized by a strong emphasis on sustainability, with companies increasingly adopting eco-friendly practices and materials to meet regulatory standards and consumer expectations.

Asia-Pacific : Rapid Growth and Investment

Asia-Pacific is rapidly emerging as a significant player in the carbon fiber market, holding around 25% of the global share. The region's growth is driven by increasing demand from the automotive and aerospace sectors, coupled with substantial investments in manufacturing capabilities. Government initiatives to promote advanced materials and technological advancements are key factors fueling this growth, making it a competitive landscape for carbon fiber production. Japan and China are the leading countries in this region, with companies like Toray Industries and Mitsubishi Chemical Corporation leading the market. The competitive environment is characterized by aggressive expansion strategies and collaborations among key players to enhance production efficiency and product offerings. The region's focus on innovation and sustainability positions it as a vital hub for carbon fiber development and application.

Middle East and Africa : Emerging Market Potential

The Middle East and Africa region is gradually emerging in the carbon fiber market, currently holding about 5% of the global share. The growth is primarily driven by increasing investments in infrastructure and aerospace projects, alongside a growing awareness of the benefits of lightweight materials. Regulatory support for sustainable practices is also beginning to take shape, encouraging the adoption of advanced materials in various industries. Countries like South Africa and the UAE are leading the charge, with a focus on developing local manufacturing capabilities. The competitive landscape is still in its nascent stages, with opportunities for international players to enter the market. As the region continues to invest in technology and infrastructure, the potential for carbon fiber applications is expected to expand significantly, paving the way for future growth.

Key Players and Competitive Insights

The Carbon Fiber is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors such as aerospace, automotive, and renewable energy. Key players are actively engaging in strategies that emphasize innovation, sustainability, and regional expansion, thereby shaping the market's trajectory. Companies like Toray Industries (Japan) and Hexcel Corporation (US) are at the forefront, focusing on advanced material development and strategic partnerships to enhance their market positions. This collective emphasis on innovation and collaboration among major players fosters a competitive environment that is both robust and evolving.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The Carbon Fiber Market appears moderately fragmented, with several key players exerting considerable influence. This structure allows for a diverse range of offerings, yet the presence of dominant firms like SGL Carbon (Germany) and Mitsubishi Chemical Corporation (Japan) suggests a competitive hierarchy that could impact smaller entities. The strategic maneuvers of these leading companies are likely to dictate market trends and consumer preferences moving forward.

In August 2025, SGL Carbon (Germany) announced a significant investment in a new production facility aimed at enhancing its carbon fiber manufacturing capabilities. This strategic move is expected to bolster SGL's position in the automotive sector, where lightweight materials are increasingly sought after for fuel efficiency and performance. By expanding its production capacity, SGL Carbon not only addresses growing demand but also positions itself as a key player in the transition towards more sustainable automotive solutions.

In September 2025, Hexcel Corporation (US) entered into a strategic partnership with a leading aerospace manufacturer to develop next-generation composite materials. This collaboration is indicative of Hexcel's commitment to innovation and its focus on the aerospace sector, which is undergoing a transformation towards lighter and more efficient materials. The partnership is likely to enhance Hexcel's competitive edge, allowing it to leverage advanced technologies and meet the evolving needs of the aerospace industry.

Moreover, in July 2025, Mitsubishi Chemical Corporation (Japan) launched a new line of eco-friendly carbon fibers derived from renewable resources. This initiative aligns with the growing trend towards sustainability in manufacturing processes. By prioritizing environmentally friendly materials, Mitsubishi Chemical not only addresses regulatory pressures but also appeals to a market increasingly concerned with sustainability, thereby enhancing its brand reputation and market share.

As of October 2025, the competitive trends in the Carbon Fiber Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and efficiency. Looking ahead, it is anticipated that competitive differentiation will shift from traditional price-based competition to a focus on technological advancements, sustainable practices, and supply chain reliability. This evolution underscores the importance of adaptability and foresight in navigating the complexities of the carbon fiber landscape.

Key Companies in the Carbon Fiber Market market include

Industry Developments

Q2 2024: Toray Industries to Expand Carbon Fiber Production Capacity in South Carolina Toray Industries announced a major investment to expand its carbon fiber manufacturing facility in Spartanburg, South Carolina, aiming to meet growing demand from aerospace and automotive sectors.
Q2 2024: Hexcel Signs Multi-Year Carbon Fiber Supply Agreement with Airbus Hexcel Corporation secured a multi-year contract to supply advanced carbon fiber materials to Airbus for use in next-generation aircraft components.
Q3 2024: Teijin Launches New High-Performance Carbon Fiber for Hydrogen Storage Tanks Teijin Limited introduced a new grade of carbon fiber designed specifically for high-pressure hydrogen storage tanks, targeting the clean energy and automotive markets.
Q3 2024: Mitsubishi Chemical Holdings Announces $100 Million Investment in Carbon Fiber R&D Mitsubishi Chemical Holdings revealed a $100 million investment to accelerate research and development of next-generation carbon fiber materials for aerospace and renewable energy applications.
Q4 2024: SGL Carbon Opens New Carbon Fiber Recycling Facility in Germany SGL Carbon inaugurated a state-of-the-art recycling facility in Germany to process and reuse carbon fiber waste from automotive and wind energy industries.
Q4 2024: BMW Partners with Linde to Develop Carbon Fiber Components for Hydrogen Vehicles BMW announced a strategic partnership with Linde to co-develop lightweight carbon fiber components for use in hydrogen-powered vehicles.
Q1 2025: Solvay Appoints New CEO to Lead Advanced Materials Division Solvay named a new CEO for its Advanced Materials division, which includes its carbon fiber business, signaling a renewed focus on innovation and global expansion.
Q1 2025: Toray Industries Wins Major Contract for Carbon Fiber Supply to Boeing Toray Industries secured a significant contract to supply carbon fiber materials for Boeing’s next-generation commercial aircraft.
Q2 2025: Hexcel Announces Acquisition of Carbon Fiber Startup Carbonix Hexcel Corporation acquired Carbonix, a startup specializing in advanced carbon fiber technologies for aerospace and defense applications.
Q2 2025: Teijin Opens New Carbon Fiber Production Facility in Vietnam Teijin Limited opened a new carbon fiber manufacturing plant in Vietnam to expand its global production capacity and serve growing demand in Asia.
Q3 2025: Mitsubishi Chemical Holdings Secures $200 Million Contract for Wind Turbine Carbon Fiber Mitsubishi Chemical Holdings signed a $200 million contract to supply carbon fiber materials for wind turbine blades to a leading European renewable energy company.
Q3 2025: SGL Carbon Partners with Siemens for Carbon Fiber-Based Electric Motor Components SGL Carbon entered a partnership with Siemens to develop carbon fiber-based components for high-efficiency electric motors used in industrial and automotive applications.

Future Outlook

Carbon Fiber Market Future Outlook

The Carbon Fiber Market is projected to grow at a 10.75% CAGR from 2024 to 2035, driven by advancements in aerospace, automotive, and renewable energy sectors.

New opportunities lie in:

Development of lightweight carbon fiber composites for electric vehiclesExpansion into emerging markets with tailored carbon fiber solutionsInvestment in recycling technologies for sustainable carbon fiber production

By 2035, the Carbon Fiber Market is expected to achieve substantial growth, solidifying its role in various industries.

Market Segmentation

Carbon Fiber Market Type Outlook

Continuous Fiber
Chopped Fiber
Fabric
Prepreg
Composites

Carbon Fiber Market Application Outlook

Aerospace
Automotive
Wind Energy
Construction
Sporting Goods

Carbon Fiber Market End Use Industry Outlook

Aerospace
Defense
Automotive
Energy
Marine
Civil Engineering

Carbon Fiber Market Manufacturing Process Outlook

Pullwinding
Filament Winding
Injection Molding
Layup
Prepregging

Report Scope

MARKET SIZE 2024	8.25(USD Billion)
MARKET SIZE 2025	9.137(USD Billion)
MARKET SIZE 2035	25.37(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	10.75% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Growing demand for lightweight materials in automotive and aerospace sectors drives innovation in the Carbon Fiber Market.
Key Market Dynamics	Rising demand for lightweight materials drives innovation and competition in the carbon fiber market.
Countries Covered	North America, Europe, APAC, South America, MEA