Carbon Fiber Market, By Raw Material, By Tow Size, By Application, By Geography

Description

Carbon fiber market is estimated to be valued at USD 5.22 Bn in 2024 and is expected to reach USD 9.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	5.22 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	8.70%	2031 Value Projection:	9.34 Bn

Figure. Carbon Fiber Market Share (%), By Region, 2024

Carbon fiber is a thin yet very strong material that is increasingly being used in a variety of applications ranging from aerospace to sports equipment due to its high strength-to-weight ratio. Made from carbon atoms bonded together in crystallite microstructures, carbon fiber is about five times stronger than steel and much lighter in weight. Compared to steel, carbon fiber reinforced polymer is about 30% lighter yet 200% stronger. This makes carbon fiber the material of choice for applications where high strength and light weight are critical factors for success. Various forms of carbon fiber are continuously being developed to enhance specific properties like heat tolerance, conductivity, and others, further expanding its potential uses.

Market Dynamics

Global carbon fiber market growth is driven by various factors like growing demand from aerospace and defense sectors where carbon fiber is being used to make lightweight aircraft components and composites to improve fuel efficiency. Strict emission regulations have compelled automobile manufacturers to enhance fuel efficiency, which boosts adoption of carbon fiber for vehicle components. Rapid infrastructure development in emerging nations can also drive the market growth. However, high costs of carbon fiber materials as compared to conventional alternatives restricts its widespread use. Ongoing R&D to develop advanced production techniques can reduce costs, and this presents an growth opportunity. Market players are also exploring reuse and recycling of carbon fiber composites to address sustainability and cost issues.

Key features of the study

This report provides in-depth analysis of the global carbon fiber market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global carbon fiber market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include A&P Technology Inc., Anshan Sinocarb Carbon Fibers Co. Ltd, DowAksa USA LLC, Formosa Plastics Corporation, Hexcel Corporation, Holding company Composite, Hyosung Advanced Materials, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc., Zhongfu Shenying Carbon Fiber Co. Ltd, Jiangsu Hengshen Co. Ltd, Mitsubishi Chemical Corporation, and Nippon Graphite Fiber Co. Ltd

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global carbon fiber market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

Raw Material Insights (Revenue, USD Bn, 2019 - 2031)
- PAN Based
- Pitch Based
Tow Size Insights (Revenue, USD Bn, 2019 - 2031)
- Small Tow
- Large Tow
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Automotive
- Aerospace & Defense
- Wind Turbines
- Sports/Leisure
- Molding & Compound
- Construction
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- A&P Technology Inc.
- Anshan Sinocarb Carbon Fibers Co. Ltd
- DowAksa USA LLC
- Formosa Plastics Corporation
- Hexcel Corporation
- Holding company Composite
- Hyosung Advanced Materials
- SGL Carbon
- Solvay
- Teijin Limited
- Toray Industries Inc.
- Zhongfu Shenying Carbon Fiber Co. Ltd
- Jiangsu Hengshen Co. Ltd
- Mitsubishi Chemical Corporation
- Nippon Graphite Fiber Co. Ltd

Product Code: CMI7465

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Raw Material
- Market Snippet, By Tow Size
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Carbon Fiber Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Carbon Fiber Market - COVID-19
Impact Analysis

5. Global Carbon Fiber Market, By Raw Material, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
PAN Based
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pitch Based
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Carbon Fiber Market, By Tow Size, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Small Tow
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Large Tow
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Carbon Fiber Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Aerospace & Defense
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Wind Turbines
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Sports/Leisure
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Molding & Compound
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

8. Global Carbon Fiber Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country/Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country/Region, 2020 - 2031
- Market Size and Forecast, By Raw Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Tow Size, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- A&P Technology Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Anshan Sinocarb Carbon Fibers Co. Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- DowAksa USA LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Formosa Plastics Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Hexcel Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Holding company Composite
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Hyosung Advanced Materials
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- SGL Carbon
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Solvay
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Teijin Limited
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Toray Industries Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Zhongfu Shenying Carbon Fiber Co. Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Jiangsu Hengshen Co. Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Mitsubishi Chemical Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Nippon Graphite Fiber Co. Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact