Carbon Fiber Market Size, Segmentation, Top Manufacturers and Forecast to 2031

Alisa Watson
6 min readDec 22, 2023

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“Carbon Fiber Market” Research Report 2024 includes detailed market segmentation based on Regions, Applications (Industrial Materials, Aerospace, Sports/Leisure, Medical Industry), and Types (Regular-Tow Carbon Fiber, Large-Tow Carbon Fiber). The report presents the research and analysis provided within the Carbon Fiber Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. This report is of 119 Pages long. The Carbon Fiber market is expected to grow annually by magnificent (CAGR 2024–2031).

Who is the largest manufacturers of Carbon Fiber Market worldwide?

  • Toray
  • ZOLTEK (Toray)
  • Mitsubishi Rayon
  • Toho Tenax (Teijin)
  • Hexcel
  • Formosa Plastics Corp
  • SGL
  • Cytec Solvay
  • DuPont
  • Hyosung
  • Taekwang Industrial
  • Zhongfu Shenying
  • Jiangsu Hengshen
  • Weihai Tuozhan Fiber
  • Bluestar Fibres

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Short Description About Carbon Fiber Market:

The Global Carbon Fiber market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Carbon fiber is a long, thin strand of material about 0.0002–0.0004 in (0.005–0.010 mm) in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in microscopic crystals that are more or less aligned parallel to the long axis of the fiber. The crystal alignment makes the fiber incredibly strong for its size. Several thousand carbon fibers are twisted together to form a yarn, which may be used by itself or woven into a fabric. The yarn or fabric is combined with epoxy and wound or molded into shape to form various composite materials. Carbon fiber-reinforced composite materials are used to make aircraft carbon fiber compared to human hair and spacecraft parts, racing car bodies, golf club shafts, bicycle frames, fishing rods, automobile springs, sailboat masts, and many other components where light weight and high strength are needed.

Market Analysis and Insights: Global Carbon Fiber Market

Due to the COVID-19 pandemic, the global Carbon Fiber market size is estimated to be worth USD 1768.7 million in 2021 and is forecast to a readjusted size of USD 1682.8 million by 2028 with a CAGR of -0.7Percent during the forecast period 2022–2028.

The major manufacturers of carbon fiber are Toray, Zoltek (Toray), Mitsubishi Rayon, Toho Tenax, SGL and so on.The top three accounted for about 45Percent.

North America is the main market, accounting for about 30Percent, followed by Europe at about 20Percent.

Global Carbon Fiber Scope and Market Size

The global Carbon Fiber market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Carbon Fiber market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017–2028.

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What are the factors driving the growth of the Carbon Fiber Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Carbon Fiber

  • Industrial Materials
  • Aerospace
  • Sports/Leisure
  • Medical Industry

What are the types of Carbon Fiber available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Carbon Fiber market share In 2024.

  • Regular-Tow Carbon Fiber
  • Large-Tow Carbon Fiber

Which regions are leading the Carbon Fiber Market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Carbon Fiber Market Research/Analysis Report Contains Answers to your following Questions

  • What are the global trends in the Carbon Fiber market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Carbon Fiber? What are the upcoming industry applications and trends for Carbon Fiber market?
  • What Are Projections of Global Carbon Fiber Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Carbon Fiber? What are the raw materials used for Carbon Fiber manufacturing?
  • How big is the opportunity for the Carbon Fiber market? How will the increasing adoption of Carbon Fiber for mining impact the growth rate of the overall market?
  • How much is the global Carbon Fiber market worth? What was the value of the market In 2020?
  • Who are the major players operating in the Carbon Fiber market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Carbon Fiber Industry?

Carbon Fiber Market — Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Carbon Fiber market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Carbon Fiber industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we’re constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Carbon Fiber Industry.

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Detailed TOC of Global Carbon Fiber Market Research Report, 2024–2031

1 Market Overview
1.1 Product Overview and Scope of Carbon Fiber
1.2 Classification of Carbon Fiber by Type
1.2.1 Overview: Global Carbon Fiber Market Size by Type: 2017 Versus 2021 Versus 2031
1.2.2 Global Carbon Fiber Revenue Market Share by Type in 2021
1.3 Global Carbon Fiber Market by Application
1.3.1 Overview: Global Carbon Fiber Market Size by Application: 2017 Versus 2021 Versus 2031
1.4 Global Carbon Fiber Market Size and Forecast
1.5 Global Carbon Fiber Market Size and Forecast by Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Carbon Fiber Market Drivers
1.6.2 Carbon Fiber Market Restraints
1.6.3 Carbon Fiber Trends Analysis

2 Company Profiles
2.1 Company
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Carbon Fiber Product and Solutions
2.1.4 Company Carbon Fiber Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2024)
2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players
3.1 Global Carbon Fiber Revenue and Share by Players (2019,2020,2021, and 2024)
3.2 Market Concentration Rate
3.2.1 Top3 Carbon Fiber Players Market Share in 2021
3.2.2 Top 10 Carbon Fiber Players Market Share in 2021
3.2.3 Market Competition Trend
3.3 Carbon Fiber Players Head Office, Products and Services Provided
3.4 Carbon Fiber Mergers and Acquisitions
3.5 Carbon Fiber New Entrants and Expansion Plans

4 Market Size Segment by Type
4.1 Global Carbon Fiber Revenue and Market Share by Type (2017–2024)
4.2 Global Carbon Fiber Market Forecast by Type (2024–2031)

5 Market Size Segment by Application
5.1 Global Carbon Fiber Revenue Market Share by Application (2017–2024)
5.2 Global Carbon Fiber Market Forecast by Application (2024–2031)

6 Regions by Country, by Type, and by Application
6.1 Carbon Fiber Revenue by Type (2017–2031)
6.2 Carbon Fiber Revenue by Application (2017–2031)
6.3 Carbon Fiber Market Size by Country
6.3.1 Carbon Fiber Revenue by Country (2017–2031)
6.3.2 United States Carbon Fiber Market Size and Forecast (2017–2031)
6.3.3 Canada Carbon Fiber Market Size and Forecast (2017–2031)
6.3.4 Mexico Carbon Fiber Market Size and Forecast (2017–2031)

7 Research Findings and Conclusion

8 Appendix
8.1 Methodology
8.2 Research Process and Data Source
8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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