Carbon Fiber Market, By Raw Material (PAN Based and Pitch Based), By Tow Size (Small Tow and Large Tow), By Application (Automotive, Aerospace & Defense, Wind Turbines, Sports/Leisure, Molding & Compound, Construction, and Others), By Geography (North Ame

Carbon Fiber Market, By Raw Material (PAN Based and Pitch Based), By Tow Size (Small Tow and Large Tow), By Application (Automotive, Aerospace & Defense, Wind Turbines, Sports/Leisure, Molding & Compound, Construction, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Carbon fiber is a thin yet very strong material that is increasingly being used in a variety of applications ranging from aerospace to sports equipment due to its high strength-to-weight ratio. Made from carbon atoms bonded together in crystallite microstructures, carbon fiber is about five times stronger than steel and much lighter in weight. Compared to steel, carbon fiber reinforced polymer is about 30% lighter yet 200% stronger. This makes carbon fiber the material of choice for applications where high strength and light weight are critical factors for success. Various forms of carbon fiber are continuously being developed to enhance specific properties like heat tolerance, conductivity, and others, further expanding its potential uses.

Market Dynamics

Global carbon fiber market growth is driven by various factors like growing demand from aerospace and defense sectors where carbon fiber is being used to make lightweight aircraft components and composites to improve fuel efficiency. Strict emission regulations have compelled automobile manufacturers to enhance fuel efficiency, which boosts adoption of carbon fiber for vehicle components. Rapid infrastructure development in emerging nations can also drive the market growth. However, high costs of carbon fiber materials as compared to conventional alternatives restricts its widespread use. Ongoing R&D to develop advanced production techniques can reduce costs, and this presents an growth opportunity. Market players are also exploring reuse and recycling of carbon fiber composites to address sustainability and cost issues.

Key features of the study

• This report provides in-depth analysis of the global carbon fiber market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global carbon fiber market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include A&P Technology Inc., Anshan Sinocarb Carbon Fibers Co. Ltd, DowAksa USA LLC, Formosa Plastics Corporation, Hexcel Corporation, Holding company Composite, Hyosung Advanced Materials, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc., Zhongfu Shenying Carbon Fiber Co. Ltd, Jiangsu Hengshen Co. Ltd, Mitsubishi Chemical Corporation, and Nippon Graphite Fiber Co. Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global carbon fiber market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

• Raw Material Insights (Revenue, USD Bn, 2019 - 2031)
• PAN Based
• Pitch Based
• Tow Size Insights (Revenue, USD Bn, 2019 - 2031)
• Small Tow
• Large Tow
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• Automotive
• Aerospace & Defense
• Wind Turbines
• Sports/Leisure
• Molding & Compound
• Construction
• Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• A&P Technology Inc.
• Anshan Sinocarb Carbon Fibers Co. Ltd
• DowAksa USA LLC
• Formosa Plastics Corporation
• Hexcel Corporation
• Holding company Composite
• Hyosung Advanced Materials
• SGL Carbon
• Solvay
• Teijin Limited
• Toray Industries Inc.
• Zhongfu Shenying Carbon Fiber Co. Ltd
• Jiangsu Hengshen Co. Ltd
• Mitsubishi Chemical Corporation
• Nippon Graphite Fiber Co. Ltd