Carbon Fiber Research:the global Carbon Fiber market size is projected to grow from USD 3,408 million in 2024 to USD 7,766 million by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Carbon Fiber- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Carbon Fiber was estimated to be worth US$ 3408 million in 2024 and is forecast to a readjusted size of US$ 7764 million by 2031 with a CAGR of 13.3% during the forecast period 2025-2031.

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https://www.qyresearch.com/reports/4698342/carbon-fiber

Carbon Fiber Market Summary

Carbon fiber is a high-performance material composed of thin, strong crystalline filaments of carbon atoms. It is known for its exceptional strength-to-weight ratio, high stiffness, corrosion resistance, and excellent fatigue properties. These properties make it a preferred choice for applications where lightweight and high strength are critical.

Carbon fibers are produced through the controlled pyrolysis of precursor materials such as polyacrylonitrile (PAN), pitch, etc. The resulting fibers are woven into fabrics or combined with resins to form carbon fiber-reinforced polymers (CFRPs), which are widely used in various industries.

Intensified Competition: The market is dominated by major players such as Toray, MCCFC, Hexcel, and Teijin. At the same time, new players are entering the market, increasing competition in the large tow carbon fiber segment.

Improved Manufacturing Processes: Advanced resin transfer molding (RTM), 3D weaving, and AI-assisted material design enhance production efficiency.

Cost Reduction Efforts: Manufacturers are investing in new production techniques like low-cost precursors (lignin-based, bio-based), automated fiber placement (AFP), and optimized resin infusion techniques.

According to the new market research report "Global Carbon Fiber Market Report 2025-2031", published by QYResearch, the global Carbon Fiber market size is projected to grow from USD 3,408 million in 2024 to USD 7,766 million by 2031, at a CAGR of 13.8% during the forecast period.

• Global Carbon Fiber MarketSize(US$ Million), 2020-2031

Above data is based on report from QYResearch: Global Carbon Fiber Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

• Global Carbon Fiber Top15Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: Global Carbon Fiber Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Carbon Fiber such as Toray, MCCFC, Zhongfu Shenying, Hexcel, and Teijin.

In 2024, the global top five Carbon Fiber players account for 65% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Carbon Fiber.

Market Drivers:

The aerospace sector increasingly adopts carbon fiber to reduce aircraft weight and improve fuel efficiency. The automotive industry is accelerating carbon fiber adoption, particularly in EVs and high-performance sports cars.

Restraint:

Carbon fiber remains significantly more expensive than traditional materials like aluminum and steel, limiting its widespread adoption. Costly precursor materials (PAN-based fibers) and energy-intensive production processes contribute to high prices.

Opportunity:

Governments and research institutions are investing in carbon fiber R&D to enhance domestic production and reduce reliance on imports.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Carbon Fiber market is segmented as below:

By Company

    Toray
    MCCFC
    Teijin
    Hexcel
    Hyosung Advanced Materials
    SGL Carbon
    Formosa Plastics
    DowAksa
    Syensqo
    UMATEX
    Taekwang Industrial
    Zhongfu Shenying
    Jilin Chemical Fiber
    Baowu Carbon
    Weihai Guangwei Composites
    Sinofibers Technology
    Jiangsu Hengshen
    Newtech Group

Segment by Type

    Regular-Tow Carbon Fiber
    Large-Tow Carbon Fiber

Segment by Application

    Wind Energy
    Sports/Leisure
    Aerospace and Defense
    Pressure Vessel
    Automotive
    Other

Each chapter of the report provides detailed information for readers to further understand the Carbon Fiber market:

Chapter 1: Introduces the report scope of the Carbon Fiber report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)

Chapter 2: Detailed analysis of Carbon Fiber manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)

Chapter 3: Provides the analysis of various Carbon Fiber market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)

Chapter 5:  Sales, revenue of Carbon Fiber in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)

Chapter 6:  Sales, revenue of Carbon Fiber in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Carbon Fiber competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Carbon Fiber comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Carbon Fiber market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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