Carbon Fiber market size & insights

As per recent study by Markntel Advisors The Global Carbon Fiber Market size was valued at around USD 8 billion in 2024 and is projected to reach USD 16 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30.

What are the key drivers in the Carbon Fiber market?

Growing Demand for Lightweight Materials in Various Industries – Numerous sectors require lightweight materials like carbon fibers, for fuel savings depending on weight reduction. Aerospace saves 3,000 gallons of fuel a year with every kilogram of weight reduction. Parts of the airplane, including fuselage and wings, are made of carbon fiber which is five times stronger than steel and fifty percent lighter than aluminum.  Similarly, the automotive industry now sees lighter vehicles that reduce emissions and improve fuel economy. Carbon fiber-reinforced components like in BMW i8 weight is reduced by forty percent while increasing fuel efficiency by 6% to 8%.

Wind energy is another application for carbon fiber. Carbon fibers are used in turbine blades to reduce weight and increase efficiency.  Carbon fiber composite blades are twenty percent lighter than blades made of other materials allowing for larger designs with ten percent more energy output. Its adoption across industries is fueled by this.

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What are the key segments in the Carbon Fiber market?

The Carbon Fiber is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

o   By Raw Material

·       Polyacrylonitrile (PAN) – Market Size & Forecast 2020-2030, (USD Million)

·       Petroleum Pitch and Rayon – Market Size & Forecast 2020-2030, (USD Million)

o   By Fiber Type

·       Virgin Fiber – Market Size & Forecast 2020-2030, (USD Million)

·       Recycle Fiber – Market Size & Forecast 2020-2030, (USD Million)

o   By Application

·       Composite Materials – Market Size & Forecast 2020-2030, (USD Million)

·       Textiles – Market Size & Forecast 2020-2030, (USD Million)

·       Microelectrodes – Market Size & Forecast 2020-2030, (USD Million)

·       Catalysis – Market Size & Forecast 2020-2030, (USD Million)

o   By Tow Size

·       Small Tow – Market Size & Forecast 2020-2030, (USD Million)

·       Large Tow – Market Size & Forecast 2020-2030, (USD Million)

o   By Modulus

·       Standard Modulus – Market Size & Forecast 2020-2030, (USD Million)

·       Intermediate Modulus – Market Size & Forecast 2020-2030, (USD Million)

·       High Modulus – Market Size & Forecast 2020-2030, (USD Million)

o   By Product Type

·       Continuous Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)

·       Long Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)

·       Short Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)

o   By End User Industry

·       Automotive – Market Size & Forecast 2020-2030, (USD Million)

·       Aerospace & Defense – Market Size & Forecast 2020-2030, (USD Million)

·       Wind Turbines – Market Size & Forecast 2020-2030, (USD Million)

·       Sports Equipment – Market Size & Forecast 2020-2030, (USD Million)

·       Molding & Compounding – Market Size & Forecast 2020-2030, (USD Million)

·       Construction – Market Size & Forecast 2020-2030, (USD Million)

·       Pressure Vessels – Market Size & Forecast 2020-2030, (USD Million)

·       Others – Market Size & Forecast 2020-2030, (USD Million)

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How does geographical analysis highlight in the Carbon Fiber market?

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Who are the key players in Carbon Fiber market?

• Toray Industries Inc.
• Hexcel Corporation
• SGL Carbon
• Teijin Limited
• Solvay
• Hyosung Advanced Materials
• Mitsubishi Chemical Group Corporation
• Anshan Sinoda Carbon Fibers Co., Ltd.
• Zhongfu Shenying Carbon Co., Ltd.
• China National Bluestar Co., Ltd.
• Kureha Corporation
• Nippon Graphite Fiber Co., Ltd.
• ZOLTEK Corporation
• Jilin Chemical Fiber Group Co., Ltd.
• DowAksa
• Others

Key pillars of the research methodology include:

·       Scope & research design – clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample selection & data collection – representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data analysis & validation – rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & finalization – predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/carbon-fiber-market.html (Get personalized insights into company strategies and regional market dynamics.)

Carbon Fiber Industry Recent Development:

• September 2024: HS Hyosung Advanced Materials will showcase new products from its Tansome carbon fiber brand at the 2024 Composites Expo, focusing on high-strength yarn for high-pressure vessels, automotive wheels, and bicycle frames.
• April 2023: Solvay and GKN Aerospace extended their 2017 collaboration, developing a thermoplastic composites roadmap for aerospace structures, with Solvay continuing as GKN's preferred CFRP materials supplier.
• March 2024: Hexcel Corporation launched HexTow® IM9 24K continuous carbon fiber, offering enhanced strength, durability, and value for aerospace applications. It provides a 12% improvement in tensile strength over the IM7 fiber.

"our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for markntel advisors.

Why This Markntel Advisors Research Report:

• In-depth market analysis: understand trends and dynamics shaping growth.
• Segmented insights: target specific segments for focused strategies.
• Geographical performance: assess market opportunities by geographic area.
• Emerging technologies: discover advancements like ai integration.
• Risk identification: pinpoint challenges to inform strategic planning.
• Future forecasts: prepare for market changes with actionable projections.

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Our trusted experts are here to help:

MarkNtel Advisors is a premier market research and consulting firm specializing in the chemical industry, with expertise across specialty chemicals, petrochemicals, industrial chemicals, and chemical processing technologies. Our research solutions guide manufacturers, suppliers, and investors in tracking innovation, pricing trends, and sustainability initiatives. Through Custom Market Analysis, we deliver precise, business-specific intelligence, helping clients optimize production efficiency, manage volatility, and capture new opportunities within the global chemicals ecosystem.

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