Summary

Global Carbon Fiber Market: Industry Overview

The carbon fiber market is driven by the increasing demand for lightweight, high-strength materials across various industries, including automotive, aerospace, wind energy, and sporting goods. Carbon fiber, known for its superior strength-to-weight ratio and resistance to high temperatures, is essential in applications requiring durability and efficiency. In the automotive industry, carbon fiber is used in electric vehicles (EVs) to reduce weight, enhancing battery performance and energy efficiency. The aerospace sector benefits from its use in aircraft structures, leading to reduced fuel consumption and lower emissions. Additionally, the wind energy industry uses carbon fiber in turbine blades to improve efficiency and performance. Technologically, advancements in manufacturing processes, such as improved precursor materials and resin systems, are helping reduce production costs, making carbon fiber more accessible. With the growing emphasis on sustainability, carbon fiber’s role in creating lightweight, durable, and energy-efficient solutions continues to expand, driving significant market growth.

Carbon Fiber Market: Lifecycle Stage

The carbon fiber market is in the growth stage of its lifecycle. As industries increasingly focus on sustainability and performance, the demand for lightweight, high-strength materials has risen significantly. The automotive, aerospace, and renewable energy sectors are major drivers of this growth, with carbon fiber playing a crucial role in electric vehicles, aircraft, and wind turbines. Technological advancements in production processes are helping reduce costs, making carbon fiber more accessible to a broader range of applications. As adoption continues to expand, competition will intensify, and further innovations are expected to increase the market's maturity, ensuring its long-term growth.

Carbon Fiber Market Segmentation:

Segmentation 1: by Application
• Composites
• Non-Composites

The Composites is one of the prominent application segments in the global Carbon Fiber market.

Segmentation 2: by End-use Industry
• Aerospace & Defense
• Automotive
• Wind Energy
• Pipe
• Pressure Vessels
• Sporting Goods
• Construction & Infrastructure
• Medical & Healthcare
• Marine

The Automotive is one of the prominent end-use industry segments in the global Carbon Fiber market.

Segmentation 3: by Raw Material Type
• Pan
• Pitch

The Pan is one of the prominent raw material segments in the global Carbon Fiber market.

Segmentation 4: by Fiber Type
• Virgin
• Recycled

The Virgin is one of the prominent fiber type segments in the global Carbon Fiber market.

Segmentation 5: by Modulus
• Standard
• Intermediate
• High

The Standard is one of the prominent Modulus segments in the global Carbon Fiber market.

Segmentation 6: by Product Type
• Continuous
• Long
• Short

The global Carbon Fiber market is estimated to be led by the continuos segment in terms of product type.

Segmentation 7: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe
• Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific
• Rest-of-the-World - South America and Middle East and Africa

In the Carbon Fiber market, Asia-Pacific is anticipated to gain traction in terms of Carbon Fiber production, owing to the continuous growth in the adoption of electric vehicles and the presence of key manufacturers in the regions.

Carbon Fiber Market: Demand – Drivers and Limitations

The following are the demand drivers for the global Carbon Fiber market:

• Rising Demand for Lightweight Materials
• Government Regulations and Sustainability Goals

The global Carbon Fiber market is expected to face some limitations as well due to the following challenges:

• High Production Costs
• Limited Recycling Infrastructure

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on thorough secondary research, which includes analyzing company coverage, product portfolio, market penetration, and insights gathered from primary experts.

Some of the prominent established names in this market are:

• Toray Industries, Inc.
• Dowaksa
• Mitsubishi Chemical Group Corporation
• Syensqo
• Teijin Limited
• SGL Carbon
• Hexcel Corporation
• HS Hyosung Advanced Materials
• Zhongfu Shenying Carbon Fiber Co., Ltd.
• Kureha Corporation
• Osaka Gas Chemicals Co., Ltd.
• Umatex
• Jilin Chemical Fiber Group Co., Ltd.
• Jiangsu Hengshen Co., Ltd.
• China National Bluestar (Group) Co., Ltd.

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

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Table of Contents

Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Stakeholder Analysis
1.2.1 Use Case
1.2.2 End User and Buying Criteria
1.3 Market Dynamics Overview
1.3.1 Market Drivers
1.3.2 Market Restraints
1.3.3 Market Opportunities
1.4 Regulatory & Policy Impact Analysis
1.5 Patent Analysis
1.6 Start-Up Landscape
1.7 Investment Landscape and R&D Trends
1.8 Future Outlook and Market Roadmap
1.9 Supply Chain Analysis
1.10 Value Chain Analysis
1.11 Global Pricing Analysis
1.12 Industry Attractiveness
2. Carbon Fiber Market (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Carbon Fiber Market (by Application)
2.3.1 Composites
2.3.2 Non-Composites
2.4 Carbon Fiber Market (by End-use Industry)
2.4.1 Aerospace & Defense
2.4.2 Automotive
2.4.3 Wind Energy
2.4.4 Pipe
2.4.5 Pressure Vessels
2.4.6 Sporting Goods
2.4.7 Construction & Infrastructure
2.4.8 Medical & Healthcare
2.4.9 Marine
3. Carbon Fiber Market (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Carbon Fiber Market (by Raw Material Type)
3.3.1 Pan
3.3.2 Pitch
3.4 Carbon Fiber Market (by Fiber Type)
3.4.1 Virgin
3.4.2 Recycled
3.5 Carbon Fiber Market (by Modulus)
3.5.1 Standard
3.5.2 Intermediate
3.5.3 High
3.6 Carbon Fiber Market (by Product Type)
3.6.1 Continuous
3.6.2 Long
3.6.3 Short
4. Carbon Fiber Market (by Region)
4.1 Carbon Fiber Market (by Region)
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Key Companies
4.2.5 Application
4.2.6 Product
4.2.7 North America (by Country)
4.2.7.1 U.S.
4.2.7.1.1 Market by Application
4.2.7.1.2 Market by Product
4.2.7.2 Canada
4.2.7.2.1 Market by Application
4.2.7.2.2 Market by Product
4.2.7.3 Mexico
4.2.7.3.1 Market by Application
4.2.7.3.2 Market by Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Key Companies
4.3.5 Application
4.3.6 Product
4.3.7 Europe (by Country)
4.3.7.1 Germany
4.3.7.1.1 Market by Application
4.3.7.1.2 Market by Product
4.3.7.2 France
4.3.7.2.1 Market by Application
4.3.7.2.2 Market by Product
4.3.7.3 Italy
4.3.7.3.1 Market by Application
4.3.7.3.2 Market by Product
4.3.7.4 Spain
4.3.7.4.1 Market by Application
4.3.7.4.2 Market by Product
4.3.7.5 U.K.
4.3.7.5.1 Market by Application
4.3.7.5.2 Market by Product
4.3.7.6 Rest-of-Europe
4.3.7.6.1 Market by Application
4.3.7.6.2 Market by Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Key Companies
4.4.5 Application
4.4.6 Product
4.4.7 Asia-Pacific (by Country)
4.4.7.1 China
4.4.7.1.1 Market by Application
4.4.7.1.2 Market by Product
4.4.7.2 Japan
4.4.7.2.1 Market by Application
4.4.7.2.2 Market by Product
4.4.7.3 India
4.4.7.3.1 Market by Application
4.4.7.3.2 Market by Product
4.4.7.4 South Korea
4.4.7.4.1 Market by Application
4.4.7.4.2 Market by Product
4.4.7.5 Rest-of-Asia-Pacific
4.4.7.5.1 Market by Application
4.4.7.5.2 Market by Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Key Companies
4.5.5 Application
4.5.6 Product
4.5.7 Rest-of-the-World (by Region)
4.5.7.1 South America
4.5.7.1.1 Market by Application
4.5.7.1.2 Market by Product
4.5.7.2 Middle East and Africa
4.5.7.2.1 Market by Application
4.5.7.2.2 Market by Product
5. Markets - Competitive Benchmarking & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
5.3.1 Toray Industries, Inc.
5.3.1.1 Overview
5.3.1.2 Top Products/Product Portfolio
5.3.1.3 Top Competitors
5.3.1.4 Target Customers
5.3.1.5 Key Personnel
5.3.1.6 Analyst View
5.3.1.7 Market Share
5.3.2 Dowaksa
5.3.2.1 Overview
5.3.2.2 Top Products/Product Portfolio
5.3.2.3 Top Competitors
5.3.2.4 Target Customers
5.3.2.5 Key Personnel
5.3.2.6 Analyst View
5.3.2.7 Market Share
5.3.3 Mitsubishi Chemical Group Corporation
5.3.3.1 Overview
5.3.3.2 Top Products/Product Portfolio
5.3.3.3 Top Competitors
5.3.3.4 Target Customers
5.3.3.5 Key Personnel
5.3.3.6 Analyst View
5.3.3.7 Market Share
5.3.4 Syensqo
5.3.4.1 Overview
5.3.4.2 Top Products/Product Portfolio
5.3.4.3 Top Competitors
5.3.4.4 Target Customers
5.3.4.5 Key Personnel
5.3.4.6 Analyst View
5.3.4.7 Market Share
5.3.5 Teijin Limited
5.3.5.1 Overview
5.3.5.2 Top Products/Product Portfolio
5.3.5.3 Top Competitors
5.3.5.4 Target Customers
5.3.5.5 Key Personnel
5.3.5.6 Analyst View
5.3.5.7 Market Share
5.3.6 SGL Carbon
5.3.6.1 Overview
5.3.6.2 Top Products/Product Portfolio
5.3.6.3 Top Competitors
5.3.6.4 Target Customers
5.3.6.5 Key Personnel
5.3.6.6 Analyst View
5.3.6.7 Market Share
5.3.7 Hexcel Corporation
5.3.7.1 Overview
5.3.7.2 Top Products/Product Portfolio
5.3.7.3 Top Competitors
5.3.7.4 Target Customers
5.3.7.5 Key Personnel
5.3.7.6 Analyst View
5.3.7.7 Market Share
5.3.8 HS Hyosung Advanced Materials
5.3.8.1 Overview
5.3.8.2 Top Products/Product Portfolio
5.3.8.3 Top Competitors
5.3.8.4 Target Customers
5.3.8.5 Key Personnel
5.3.8.6 Analyst View
5.3.8.7 Market Share
5.3.9 Zhongfu Shenying Carbon Fiber Co., Ltd.
5.3.9.1 Overview
5.3.9.2 Top Products/Product Portfolio
5.3.9.3 Top Competitors
5.3.9.4 Target Customers
5.3.9.5 Key Personnel
5.3.9.6 Analyst View
5.3.9.7 Market Share
5.3.10 Kureha Corporation
5.3.10.1 Overview
5.3.10.2 Top Products/Product Portfolio
5.3.10.3 Top Competitors
5.3.10.4 Target Customers
5.3.10.5 Key Personnel
5.3.10.6 Analyst View
5.3.10.7 Market Share
5.3.11 Osaka Gas Chemicals Co., Ltd.
5.3.11.1 Overview
5.3.11.2 Top Products/Product Portfolio
5.3.11.3 Top Competitors
5.3.11.4 Target Customers
5.3.11.5 Key Personnel
5.3.11.6 Analyst View
5.3.11.7 Market Share
5.3.12 Umatex
5.3.12.1 Overview
5.3.12.2 Top Products/Product Portfolio
5.3.12.3 Top Competitors
5.3.12.4 Target Customers
5.3.12.5 Key Personnel
5.3.12.6 Analyst View
5.3.12.7 Market Share
5.3.13 Jilin Chemical Fiber Group Co., Ltd.
5.3.13.1 Overview
5.3.13.2 Top Products/Product Portfolio
5.3.13.3 Top Competitors
5.3.13.4 Target Customers
5.3.13.5 Key Personnel
5.3.13.6 Analyst View
5.3.13.7 Market Share
5.3.14 Jiangsu Hengshen Co., Ltd.
5.3.14.1 Overview
5.3.14.2 Top Products/Product Portfolio
5.3.14.3 Top Competitors
5.3.14.4 Target Customers
5.3.14.5 Key Personnel
5.3.14.6 Analyst View
5.3.14.7 Market Share
5.3.15 China National Bluestar (Group) Co., Ltd.
5.3.15.1 Overview
5.3.15.2 Top Products/Product Portfolio
5.3.15.3 Top Competitors
5.3.15.4 Target Customers
5.3.15.5 Key Personnel
5.3.15.6 Analyst View
5.3.15.7 Market Share
5.4 Other Key Companies
5.4.1 China Weihai Guangwei Composites Co., Ltd.
5.4.2 Changsheng (Langfang) Technology Co., Ltd.
5.4.3 Jilin Jiyan High-Tech Fiber Co., Ltd.
5.4.4 Jilin Shenzhou Carbon Fiber Co., Ltd.
5.4.5 Alfa Chemistry
5.4.6 BCircular
5.4.7 Vartega Inc.
5.4.8 Flink International Co., Ltd.
5.4.9 China Composites Group Corporation Ltd.
5.4.10 Formosa Plastics Corporation
5.4.11 Nippon Graphite Fiber Co., Ltd.
5.4.12 Newtech Group Co., Ltd.
5.4.13 Ace C&Tech Co., Ltd.
5.4.14 Procotex
5.4.15 Carbon Conversions
5.4.16 Others
6. Research Methodology
List of Figures
Figure 1: Carbon Fiber Market (by Scenario), $Million, 2025, 2028, and 2034
Figure 2: Carbon Fiber Market (by Region), $Million, 2024, 2027, and 2034
Figure 3: Carbon Fiber Market (by Application), $Million, 2024, 2027, and 2034
Figure 4: Carbon Fiber Market (by Product), $Million, 2024, 2027, and 2034
Figure 5: Competitive Landscape Snapshot
Figure 6: Supply Chain Analysis
Figure 7: Value Chain Analysis
Figure 8: Patent Analysis (by Country), January 2021-April 2025
Figure 9: Patent Analysis (by Company), January 2021-April 2025
Figure 10: Impact Analysis of Market Navigating Factors, 2024-2034
Figure 11: U.S. Carbon Fiber Market, $Million, 2024-2034
Figure 12: Canada Carbon Fiber Market, $Million, 2024-2034
Figure 13: Mexico Carbon Fiber Market, $Million, 2024-2034
Figure 14: Germany Carbon Fiber Market, $Million, 2024-2034
Figure 15: France Carbon Fiber Market, $Million, 2024-2034
Figure 16: Italy Carbon Fiber Market, $Million, 2024-2034
Figure 17: Spain Carbon Fiber Market, $Million, 2024-2034
Figure 18: U.K. Carbon Fiber Market, $Million, 2024-2034
Figure 19: Rest-of-Europe Carbon Fiber Market, $Million, 2024-2034
Figure 20: China Carbon Fiber Market, $Million, 2024-2034
Figure 21: Japan Carbon Fiber Market, $Million, 2024-2034
Figure 22: India Carbon Fiber Market, $Million, 2024-2034
Figure 23: South Korea Carbon Fiber Market, $Million, 2024-2034
Figure 24: Rest-of-Asia-Pacific Carbon Fiber Market, $Million, 2024-2034
Figure 25: South America Carbon Fiber Market, $Million, 2024-2034
Figure 26: Middle East and Africa Carbon Fiber Market, $Million, 2024-2034
Figure 27: Strategic Initiatives (by Company), 2021-2025
Figure 28: Share of Strategic Initiatives, 2021-2025
Figure 29: Data Triangulation
Figure 30: Top-Down and Bottom-Up Approach
Figure 31: Assumptions and Limitations
List of Tables
Table 1: Market Snapshot
Table 2: Opportunities across Region
Table 3: Trends Overview
Table 4: Carbon Fiber Market Pricing Forecast, 2024-2034
Table 5: Application Summary (by Application)
Table 6: Product Summary (by Product)
Table 7: Carbon Fiber Market (by Region), $Million, 2024-2034
Table 8: North America Carbon Fiber Market (by Application), $Million, 2024-2034
Table 9: North America Carbon Fiber Market (by Product), $Million, 2024-2034
Table 10: U.S. Carbon Fiber Market (by Application), $Million, 2024-2034
Table 11: U.S. Carbon Fiber Market (by Product), $Million, 2024-2034
Table 12: Canada Carbon Fiber Market (by Application), $Million, 2024-2034
Table 13: Canada Carbon Fiber Market (by Product), $Million, 2024-2034
Table 14: Mexico Carbon Fiber Market (by Application), $Million, 2024-2034
Table 15: Mexico Carbon Fiber Market (by Product), $Million, 2024-2034
Table 16: Europe Carbon Fiber Market (by Application), $Million, 2024-2034
Table 17: Europe Carbon Fiber Market (by Product), $Million, 2024-2034
Table 18: Germany Carbon Fiber Market (by Application), $Million, 2024-2034
Table 19: Germany Carbon Fiber Market (by Product), $Million, 2024-2034
Table 20: France Carbon Fiber Market (by Application), $Million, 2024-2034
Table 21: France Carbon Fiber Market (by Product), $Million, 2024-2034
Table 22: Italy Carbon Fiber Market (by Application), $Million, 2024-2034
Table 23: Italy Carbon Fiber Market (by Product), $Million, 2024-2034
Table 24: Spain Carbon Fiber Market (by Application), $Million, 2024-2034
Table 25: Spain Carbon Fiber Market (by Product), $Million, 2024-2034
Table 26: U.K. Carbon Fiber Market (by Application), $Million, 2024-2034
Table 27: U.K. Carbon Fiber Market (by Product), $Million, 2024-2034
Table 28: Rest-of-Europe Carbon Fiber Market (by Application), $Million, 2024-2034
Table 29: Rest-of-Europe Carbon Fiber Market (by Product), $Million, 2024-2034
Table 30: Asia-Pacific Carbon Fiber Market (by Application), $Million, 2024-2034
Table 31: Asia-Pacific Carbon Fiber Market (by Product), $Million, 2024-2034
Table 32: China Carbon Fiber Market (by Application), $Million, 2024-2034
Table 33: China Carbon Fiber Market (by Product), $Million, 2024-2034
Table 34: Japan Carbon Fiber Market (by Application), $Million, 2024-2034
Table 35: Japan Carbon Fiber Market (by Product), $Million, 2024-2034
Table 36: India Carbon Fiber Market (by Application), $Million, 2024-2034
Table 37: India Carbon Fiber Market (by Product), $Million, 2024-2034
Table 38: South Korea Carbon Fiber Market (by Application), $Million, 2024-2034
Table 39: South Korea Carbon Fiber Market (by Product), $Million, 2024-2034
Table 40: Rest-of-Asia-Pacific Carbon Fiber Market (by Application), $Million, 2024-2034
Table 41: Rest-of-Asia-Pacific Carbon Fiber Market (by Product), $Million, 2024-2034
Table 42: Rest-of-the-World Carbon Fiber Market (by Application), $Million, 2024-2034
Table 43: Rest-of-the-World Carbon Fiber Market (by Product), $Million, 2024-2034
Table 44: South America Carbon Fiber Market (by Application), $Million, 2024-2034
Table 45: South America Carbon Fiber Market (by Product), $Million, 2024-2034
Table 46: Middle East and Africa Carbon Fiber Market (by Application), $Million, 2024-2034
Table 47: Middle East and Africa Carbon Fiber Market (by Product), $Million, 2024-2034
Table 48: Market Share

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