As per MarkNtel 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.

Carbon Fiber Market Systems Market Insights:

The global market for carbon fiber is expanding significantly due to various factors, opportunities, and emerging trends. The growing application of carbon fiber in the fields of renewable energy particularly in wind turbines is a significant contributing factor. Carbon fiber is more commonly used in modern wind turbine blades many of which are longer than 107 meters due to its exceptional tensile strength and less weight which reduces the overall blade weight. Another important consideration is carbon fibers' unmatched strength-to-weight ratio which makes it crucial for performance and fuel economy in the automotive and aerospace industries.

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Carbon Fiber Market Systems Market Segmentation:

By Raw Material

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

By Fiber Type

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

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)

By Tow Size

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

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)
• 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)

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)

By Region

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

Carbon Fiber Market 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.

Tap into future trends and opportunities shaping the Carbon Fiber Market complete report: https://www.marknteladvisors.com/research-library/carbon-fiber-market.html

Carbon Fiber Market Drivers:

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%.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Carbon Fiber Market are:

• 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 and others.

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

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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