Global Carbon Fiber Composite
Market Report
2025
The Global Carbon Fiber Composite market size is USD 20.2 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Carbon Fiber Composite market size is USD 20.2 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.8% |
North America Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.5% |
Europe Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.8% |
Asia Pacific Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 8.2% |
South America Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.5% |
Middle East and Africa Carbon Fiber Composite Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Raw Type |
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Market Split by Application |
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Market Split by Modulus Type |
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Market Split by Product Type |
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Market Split by Fiber Type |
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Market Split by End-Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Carbon Fiber Composite industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Carbon Fiber Composite Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carbon fiber composites are advanced materials made by combining carbon fibers with a matrix material, typically a polymer, resulting in a strong, lightweight, and durable composite structure. The global carbon fiber composites industry is driven by the increasing demand across industries due to its lightweight, high-strength properties. Key players employ strategies like mergers, acquisitions, and partnerships to expand their product portfolios. Continuous research and development initiatives focus on enhancing material properties, lowering production costs, exploring novel applications, and fostering market growth. Additionally, collaborations with end-use industries, such as aerospace and automotive, aim to address specific market needs and stay competitive in the dynamic carbon fiber composites sector.
For instance, in February 2021, Tejin Limited announced the launch of BM and Tenax PW brands of carbon fiber medium materials for sports applications. This launch of the recent product helps the company maximize power and speed due to its outstanding durability and toughness.
(Source: www.compositesworld.com/products/teijin-launches-carbon-fiber-intermediate-material-brands)
The carbon fiber composites market is experiencing substantial growth, propelled by the rising demand for lightweight, high-strength materials across various industries. Carbon fiber composites offer exceptional strength-to-weight ratios and durability, making them perfect for applications in aerospace, automotive, and sports equipment. Moreover, the market is witnessing increased attention from technology firms exploring carbon fiber 3D printing. This emerging trend reflects the industry's pursuit of advanced manufacturing techniques, promising innovative solutions, and customization possibilities for diverse applications in the rapidly evolving technological landscape.
For instance, in January 2023, Roboze announced the latest 3D printing developments obtained from the implementation of two flagship materials: Carbon PA PRO, Carbon PEEK, a PA 6 reinforced with carbon fibers, and a PEEK matrix reinforced with carbon fibers.
The carbon fiber composites market is experiencing robust growth, with heightened demand driven by its unparalleled strength-to-weight ratio and versatility. Industries, particularly aerospace, increasingly favor carbon fiber composites for structural components, as they enhance fuel efficiency and overall performance. The aerospace sector's demand is fueled by a quest for lightweight materials to improve aircraft efficiency, reduce emissions, and enhance durability. The unique properties of carbon fiber composites position them as a critical player in advancing aerospace technologies and meeting industry demands for innovation.
For instance, in March 2019, Hexcel showcased various composite creations in JEC World 2019 for aerospace and automotive applications, such as HexTow HM50. The material delivers high modulus and tensile strength for commercial and defense aircraft engines.
The carbon fiber composites market faces challenges due to limited raw material availability. Carbon fibers, derived mainly from polyacrylonitrile (PAN) or petroleum-based precursors, are essential components. Fluctuations in PAN supply, dependent on petroleum prices, can impact carbon fiber production. Additionally, alternative precursors, such as pitch, face limited availability. These limitations can result in supply chain disruptions, affecting the overall production and pricing of carbon fiber composites, highlighting the market's vulnerability to raw material availability, and prompting the exploration of sustainable sourcing solutions.
The carbon fiber composites market has witnessed significant growth due to the material's lightweight, high-strength properties, finding extensive use in aerospace, automotive, and sporting goods industries. However, the COVID-19 pandemic disrupted global supply chains and manufacturing processes, causing temporary setbacks. Lockdowns, reduced production, and supply chain disruptions impacted the market. Despite these challenges, the market is poised for recovery as industries resume operations, and the increasing demand for lightweight, fuel-efficient materials remains a key driver post-pandemic.
We have various report editions of Carbon Fiber Composite Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major carbon fiber composites market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
(Source: www.solvay.com/en/press-release/solvay-and-gkn-aerospace-renew-their-collaboration-agreement)
Top Companies Market Share in Carbon Fiber Composite Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's high concentration of aircraft manufacturers along with the rising incorporation of composites in aircraft. The rowing aircraft demand across the globe, due to the expanded air passenger traffic coupled with the expansion of recent air travel routes, is fueling the regional share. Aircraft manufacturers, along with industry participants, are supporting R&D to develop cutting-edge materials that expand the operational capabilities of aircraft. Moreover, industry players are strengthening their distribution channels in the region with the addition of recent distributors.
Europe is the fastest-growing category as the region's growing awareness of environmental sustainability boosts the preference for carbon fiber composites, renowned for their strength and reduced carbon footprint. Rising investments in renewable energy and infrastructure projects further contribute to market expansion. Technological advancements in manufacturing processes enhance the efficiency and cost-effectiveness of carbon fiber composites, fostering innovation across industries and positioning Europe at the forefront of this dynamic and evolving market.
The current report Scope analyzes Carbon Fiber Composite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the global carbon fiber composites market size was projected at USD 20.2 billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030, owing to the region’s increasing demand for lightweight, high-strength materials. Stricter environmental regulations and a focus on fuel efficiency further drive the adoption of carbon fiber composites in various industries. According to Cognitive Market Research, The utilization of long carbon fibers enhances structural integrity, fueling the region's prominent position in advancing composite technology. In conclusion, the carbon fiber composites market is robust, propelled by diverse applications across industries. With a focus on lightweight, high-strength materials, the region demonstrates sustained growth and innovation in composite technologies, promising a dynamic future.
According to Cognitive Market Research, the global carbon fiber composites market size was projected at USD 20.2 billion, out of which Europe held the major market of more than 30% of the global revenue with market size of USD 6.06 billion in 2023 and will extend at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030, owing to stringent regulations promoting lightweight materials for fuel efficiency, robust demand from the aerospace and automotive sectors, and ongoing advancements in manufacturing technologies, fostering sustainability and innovation in various industries. According to Cognitive Market Research, The integration of short carbon fibers enhances structural integrity, fuel efficiency, and performance, driving market growth and innovation. In conclusion, in Europe, the carbon fiber composites market is flourishing, propelled by increasing demand across aerospace, automotive, and renewable energy sectors, reflecting a robust and promising industry outlook.
According to Cognitive Market Research, the global carbon fiber composites market size was estimated at USD 20.2 billion, out of which Asia Pacific held the major market of more than 22% of the global revenue with a market size of USD 4.4 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030 due to the region's increasing industrialization and a surge in demand for lightweight and high-strength materials. Robust growth in sectors such as aerospace, automotive, and construction drives the adoption of carbon fiber composites. According to Cognitive Market Research, the utilization of virgin carbon fiber, known for its superior quality, significantly drives market expansion, meeting stringent performance requirements. In conclusion, in Asia Pacific, the carbon fiber composites market is flourishing, propelled by robust industrial growth, increased demand for lightweight materials, and a surge in manufacturing innovations.
According to Cognitive Market Research, the global carbon fiber composites market size was evaluated at USD 20.2 billion, out of which Latin America held the major market of more than 5% of the global revenue with a market size of USD 1.01 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030 due to the region's expanding aerospace, automotive, and construction industries. The demand for lightweight, high-strength materials, driven by efficiency and sustainability goals, positions carbon fiber composites as a key enabler of industrial growth. According to Cognitive Market Research, the adoption of recycled carbon fiber enhances eco-friendly practices, aligning with the region's commitment to environmental responsibility and resource efficiency. In conclusion, the carbon fiber composites market is on the rise, fueled by the region's increasing focus on lightweight, high-strength materials. This movement aligns with the global transition toward sustainable and developed composite solutions.
According to Cognitive Market Research, the global carbon fiber composites market size was projected at USD 20.2 billion, out of which MEA held the major market of more than 3% of the global revenue with market size of USD 0.61 billion in 2023 and will raise at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030 due to the region's surge in aerospace and automotive applications, a focus on lightweight materials for energy efficiency, and expanding construction and infrastructure projects, driving demand for advanced and durable composites. According to Cognitive Market Research, the use of continuous carbon fiber, which enhances structural integrity and performance, stands as a key driver in the region's evolving composite materials industry. In conclusion, in the MEA, the Carbon Fiber Composites market is flourishing, driven by a growing emphasis on sustainable materials, heightened environmental awareness, and the versatile applications of carbon fiber composites across various industries.
Global Carbon Fiber Composite Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Fiber Composite Industry growth. Carbon Fiber Composite market has been segmented with the help of its Raw Type, Application Modulus Type, and others. Carbon Fiber Composite market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, pan-based carbon type held the prominent share in the market over the forecasted period due to the increasing demand in aerospace, automotive, and sports industries. PAN-based carbon fiber's exceptional strength, lightness, and versatility drive its prominence in advanced composite applications.
Pitch-based carbon type is the fastest-growing category over the projected period due to its superior strength, high thermal conductivity, and enhanced performance in demanding applications, making it a preferred choice for industries requiring lightweight yet robust materials like aerospace and automotive.
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According to Cognitive Market Research, non-composites hold a prominent market stake owing to their exceptional strength-to-weight ratio, corrosion resistance, and versatility. Rising demand across industries such as aerospace, automotive, and construction reflects the increasing recognition of composites' superior performance and durability.
Non-composite is the fastest-growing category as non-composite materials struggle to match carbon fiber's superior properties, and industries increasingly favor its adoption, emphasizing performance and efficiency in diverse applications.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, standard modulus holds a prominent market stake owing to the need for lightweight, high-strength materials in industries like aerospace and automotive. Standard modulus fibers offer an optimal balance of performance, making them essential in advanced composite applications.
Intermediate modulus is the fastest-growing category owing to the increasing demand for materials offering a balance of strength and flexibility. Applications in aerospace, automotive, and sports equipment benefit from these composites, driving their market growth in various industries.
According to Cognitive Market Research, continuous carbon fiber holds a prominent market stake owing to its superior strength, stiffness, and lightweight properties. Applications in aerospace, automotive, and construction fuel demand, emphasizing the material's exceptional performance across diverse industries.
Long carbon fiber is the fastest-growing category owing to its ability to enhance structural integrity and reduce weight in applications like automotive and aerospace, meeting the demand for high-performance materials that offer strength, durability, and improved fuel efficiency.
According to Cognitive Market Research, virgin carbon fiber holds a prominent market stake owing to its exceptional strength-to-weight ratio, corrosion resistance, and versatility, driving innovation across sectors such as aerospace, automotive, and renewable energy.
Recycled carbon fiber is the fastest-growing category as this sustainable approach addresses environmental concerns, lowers production costs, and aligns with the global shift towards eco-friendly practices in various industries such as aerospace, automotive, and construction.
According to Cognitive Market Research, aerospace & defense holds a prominent market stake owing to the rising need for fuel efficiency, reduced emissions, and enhanced performance in aircraft and defense applications, fueling technological advancements in composite manufacturing.
Automotive is the fastest-growing category owing to the pursuit of lightweight materials to expand fuel efficiency and decrease emissions. As automakers prioritize sustainability and performance, carbon fiber composites become integral for advanced and eco-friendly vehicle designs.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Carbon Fiber Composite Market is witnessing significant growth in the near future.
In 2023, the Pan-based Carbon Type segment accounted for noticeable share of global Carbon Fiber Composite Market and is projected to experience significant growth in the near future.
The Composite segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Solvay , TORAY INDUSTRIES INC. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Raw Type | Pan-based Carbon Type, Pitch-based Carbon Type |
Application | Composite, Non-Composites |
Modulus Type | Standard Modulus, Intermediate Modulus, High Modulus |
Product Type | Continuous Carbon Fiber, Short Carbon Fiber, Long Carbon Fiber |
Fiber Type | Virgin Carbon Fiber, Recycled Carbon Fiber |
End-Use | Aerospace & Defence , Automotive, Wind Energy , Sporting Goods, Others |
List of Competitors | Solvay, Nippon Carbon Co Ltd., TORAY INDUSTRIES INC., Teijin Aramid BV, Mitsubishi Chemical Holdings Corporation., Carbon Composites Inc., SGL Carbon, Hexcel Corporation, China Composites Group Corporation Ltd, Rockman, Epsilon Composite, Plasan Carbon Composites |
This chapter will help you gain GLOBAL Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review Global Carbon Fiber Composite Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review North America Carbon Fiber Composite Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review Europe Carbon Fiber Composite Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review Asia Pacific Carbon Fiber Composite Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review South America Carbon Fiber Composite Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Carbon Fiber Composite. Further deep in this chapter, you will be able to review Middle East and Africa Carbon Fiber Composite Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Carbon Fiber Composite. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Raw Type Analysis 2019 -2031, will provide market size split by Raw Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Raw Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Modulus Type Analysis 2021 - 2033
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Chapter 13 Market Split by Product Type Analysis 2021 - 2033
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Chapter 14 Market Split by Fiber Type Analysis 2021 - 2033
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Chapter 15 Market Split by End-Use Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Fiber Composite market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pan-based Carbon Type have a significant impact on Carbon Fiber Composite market? |
What are the key factors affecting the Pan-based Carbon Type and Pitch-based Carbon Type of Carbon Fiber Composite Market? |
What is the CAGR/Growth Rate of Composite during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Fiber Composite Market? |
Which region is expected to dominate the global Carbon Fiber Composite Market within the forecast period? |
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Country level Data Customization |
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Additional Qualitative Data |
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