Carbon Fiber Market Overview: 2025-30
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The 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. 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.
Markntel Advisor’s Carbon Fiber Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Carbon Fiber Market drivers, barriers, Carbon Fiber Market Trends, and Key Players in Carbon Fiber Market.
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Carbon Fiber Market Dynamics: 2025-30
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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Carbon Fiber Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- 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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the 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
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