DALLAS, TX, 2025-03-21 — /EPR Network/ — A newly released study projects that the carbon fiber market will grow from $3.4 billion in 2023 to an estimated $5.0 billion by 2030, reflecting a steady compound annual growth rate of 6%. This expansion is fueled by an increasing need for lightweight and fuel-efficient vehicles, innovations in aerospace technology, a surge in wind energy projects, and expanded applications within the sports and leisure industries.
Carbon fiber continues to revolutionize multiple sectors, including automotive, aerospace, wind energy, sports equipment, construction, and marine industries. The demand for high-performance, lightweight composite materials is rising as end-use industries push for improved performance and efficiency.
The comprehensive 306-page report provides a deep dive into the market with:
- 119 figures/charts and 113 tables that illustrate key trends and forecasts.
- Detailed segmentation by end-use (aerospace, industrial, sporting goods), precursor type (PAN-based and pitch-based), tow size (including small tow, e.g., 24k), modulus (standard, intermediate, and high modulus), and geographic region (North America, Europe, and the Rest of the World).
Key Insights Include:
- End-Use Trends: The industrial segment is set to maintain its position as the largest market share, while the aerospace sector is anticipated to record the highest growth rate.
- Precursor Trends: Although PAN-based carbon fiber currently leads the market, pitch-based carbon fiber is projected to experience the fastest growth.
- Regional Growth: The Asia-Pacific region is expected to remain the largest market and witness the most rapid growth, driven by strong demand from the aerospace, automotive, and wind energy sectors.
Prominent market players include Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber, Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd.
This in-depth research report by Lucintel equips businesses with critical market insights to navigate the competitive global landscape confidently. For a detailed table of contents or further inquiries, please contact Lucintel at +1-972-636-5056 or email helpdesk@lucintel.com. Additional research videos are available at https://www.youtube.com/@lucintel6834.
SOURCE: EPR Network
