Carbon Fiber Market Trends

ID: MRFR/CnM/6138-CR

111 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 (North America, Europe, South America, Asia Pacific, Middle East and Africa)-Forecast to 2035

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Market Trends

Introduction

As we enter the year 2024, the carbon fiber market is on the verge of a major transformation driven by a number of macro-economic factors. The efficiency and performance of carbon fiber products are improving, and governments are putting pressure on industries to adopt lighter, more sustainable materials. The rising demand for high-performance materials in the automotive, aeronautics and wind energy sectors is reshaping the market. Strategically, these developments have important implications for the future of the industry, not only for the development and innovation of new products, but also for the positioning of companies in an increasingly eco-conscious market.

Top Trends

Sustainability Initiatives
The carbon fiber industry has recently begun to pay attention to the environment, and companies like Toray Industries have been making investments in the development of environment-friendly production processes. A major development is the use of reclaimed carbon fiber, which has seen an increase of about 20 percent in use by manufacturers. This not only reduces waste, but also appeals to the green-conscious consumers of the future.
Advancements in Manufacturing Technologies
The new production processes, such as the automation of fibre placement and 3D printing, are enhancing the productivity of the process. These developments are being led by companies such as SGL Carbon. This technological evolution is expected to lower the cost of the material and improve its quality, which will make it more accessible to various industries.
Increased Demand in Aerospace Sector
Carbon fibre is being used more and more in the aeronautical industry, where it is essential to reduce weight in order to improve the fuel economy. In its recent designs, General Electric has resorted to a thirty per cent increase in the use of this material. This tendency is bound to increase, the manufacturers being forced by the severest regulations to reduce the fuel consumption of their machines.
Expansion in Automotive Applications
The development of carbon fiber has made it possible to develop the lightweight electric vehicle with the support of the chemical industry. In the automobile industry, the use of carbon fiber is expected to increase by 25 percent by 2025. As a result of the shift to energy-saving cars, the demand for carbon fiber is expected to increase by 25 percent. This trend has changed the supply and production strategies of the automobile industry.
Growth in Wind Energy Sector
The wind-energy industry is increasingly using the blades of the wind-turbines made of carbon fibre, with companies like Hexcel supplying the material. In this application, the use of carbon fibre has increased both the strength and the performance of the machines, and has led to an increase of ten per cent in the yield of energy. This trend is expected to lead to further investments in the field of renewable energy.
Emergence of New Market Players
New competitors are entering the carbon fiber field, and companies like Zoltek are extending their product lines. This influx of competitors is spurring innovation and driving down prices, bringing carbon fiber closer to parity with more conventional materials. The market is changing, and this change is leading to greater cooperation and even alliances between the established players and the newcomers.
Regulatory Support for Advanced Materials
Governments are also increasingly encouraging the development of advanced materials, including carbon fibre, through tax breaks and other initiatives. For example, the US Department of Energy has set aside substantial resources for this research and development. These government-backed initiatives are expected to speed up the process of innovation and commercialization, which will lead to the further integration of carbon fibre into a wide range of applications.
Integration of Smart Technologies
Embedding smart sensors in the material is becoming more and more popular. The materials used in carbon fiber products can be monitored in real time. This trend is best illustrated by the development of Hyosung’s smart textiles. The possibilities of enhanced functionality will open up new markets and new applications, especially in the aerospace and automobile industries.
Focus on Cost Reduction Strategies
The cost of the material has remained a constant concern for manufacturers of carbon fibers, and the cost of raw materials and the cost of the process are still being studied. Companies such as Dow are seeking to lower costs by using alternative precursors. This is essential for the penetration of the market and the use of carbon fibers in a wider range of applications.
Collaborative Research and Development
In recent years, the companies have been more and more involved in joint research projects to develop carbon fibre technology. The links between academic institutions and companies like Solvay encourage innovation. This type of partnership will speed up the development of next-generation carbon fibre materials, improving their properties and widening their range of applications.

Conclusion: Navigating the Carbon Fiber Competitive Landscape

In 2024, the carbon fiber market is characterized by intense competition and a high degree of fragmentation. Both the traditional and newcomers are competing for market share. Suppliers have to adapt their strategies to these developments. The old players use their supply chains and their brand name to create a certain degree of trust, while the new players use innovation and sustainability to carve out a niche for themselves. The ability to integrate advanced capabilities such as artificial intelligence, automation and flexibility is crucial for suppliers who want to be able to lead in this changing landscape. In the long run, suppliers who focus on sustainable issues will not only meet the regulatory requirements but also win over consumers with an increasing awareness of the environment. The strategic decision-makers must therefore be alert and agile, and constantly re-evaluate their position in this competitive environment.

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 7.9 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 5.7 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 3%.

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 Market Research Future analysis, the Carbon Fiber Market Size was estimated at 5.7 USD Billion in 2024. The Carbon Fiber industry is projected to grow from 5.9 USD Billion in 2025 to 7.9 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3% 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	5.7(USD Billion)
2035 Market Size	7.9(USD Billion)
CAGR (2025 - 2035)	3%
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.

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 <a href="https://www.marketresearchfuture.com/reports/prepreg-market-10580">Prepreg</a>, 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, <a href="https://www.marketresearchfuture.com/reports/continuous-fiber-reinforced-thermoplastic-market-9509">Continuous Fiber</a>, 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 Market 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 include

Industry Developments

Q2 2024: Toray Industries to Expand Carbon Fiber Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market-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 3% CAGR from 2025 to 2035, driven by advancements in aerospace, automotive, and renewable energy sectors.

New opportunities lie in:

<p>Development of lightweight carbon fiber composites for electric vehicles Expansion into emerging markets with tailored carbon fiber solutions Investment in recycling technologies for sustainable carbon fiber production</p>

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	5.7(USD Billion)
MARKET SIZE 2025	5.9(USD Billion)
MARKET SIZE 2035	7.9(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	3% (2025 - 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	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)
Segments Covered	Application, Type, End Use Industry, Manufacturing Process, Regional
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