Carbon Fiber Composites Market Growth Analysis Research Report By End-Use (Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine), And By Matrix Material (Polymer [Thermosetting, Thermoplastics], Carbon, Ceramic, Metal, Hybrid) And Region, Trends, Dynamics And Forecast From 2023 To 2030

Carbon Fiber Composites Market Comprehensive Overview and Future Developments

 “The Carbon Fiber Composites Market Predictable to increase at a CAGR of 5.6% from its Size $21.20 Billion in 2023 to $28 Billion by 2030.”

Carbon fiber composites are a lightweight and strong material made by combining carbon fibers with a polymer matrix. Carbon fibers are formed by the binding of carbon atoms in a long, thin crystal structure. The typical diameter of the fibers is 5 to 10 micrometers, but they can be several centimeters long. The carbon fiber composites market is seeing tremendous growth due to the demand for lightweight and high-strength materials in several end-use industries, such as aerospace and military, automotive, wind energy, and sports and leisure.

The combination of carbon fibers with a polymer matrix gives carbon fiber composites their remarkable durability and high strength-to-weight ratios.In the coming years, carbon fiber composites are expected to see increased demand from many end-use industries, such as aerospace and defense, wind energy, automotive, sports and leisure, and more.

Carbon fiber composites are expected to see substantial development in the aerospace and military industries, thanks to their widespread use in aircraft and spacecraft construction, which significantly reduces weight and improves fuel economy. The rising demand for electric vehicles is expected to be good news for carbon fiber composites, since they will enhance the efficiency and driving range of these vehicles.

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Segment Analysis

There are several submarkets within the global carbon fiber composites market, each serving a specific end-use: aerospace, wind turbines, sport and leisure, civil engineering, marine, and automotive. The aerospace and defense sector is expected to provide the most revenue and have the largest market share for these materials. This is because they are extensively used in aircraft components such airframe structures, floor panels, and landing gears. Incorporating carbon fibers, like those found in Carbon-fiber Reinforced Plastic (CFRP), into aviation components enhances their resistance to corrosion and fatigue. The Carbon Fiber Composites Industry on a Global Scale Analysis Carbon, ceramic, metal, thermosetting thermoplastics, and hybrids are the five main categories of materials. The polymer materials category is expected to create the greatest revenue and dominate the market. This is because numerous polymers have been developed and are widely used in the aerospace and automotive industries. Another material that is expected to experience significant expansion is thermosetting polymers. These polymers find widespread use in crucial aircraft components and have numerous uses in the defense sector. Increased market share is another benefit of improved adhesion and surface finishing.

Competitive Landscape

·       Toray Industries Inc. (Japan) 

·       DowAksa (Turkey)

·       Mitsubishi Chemical Corporation (Japan)

·       Solvay (Belgium)

·       Teijin Limited (Japan)

·       SGL Carbon (Germany)

·       Hexcel Corporation (US)

·       Hyosung Advanced Materials (South Korea)

·       Zhongfu Shenying Carbon Co. Ltd. (China)

·       Formosa Plastics Corporation (Taiwan)

·       Jiangsu Hengshen Co. Ltd. (China)

·       Jilin Chemical Fiber Group Co. Ltd. (China)

Carbon Fiber Composites Market company news 2024 and 2025

Toray Industries

2025: Toray is expanding into new application areas like consumer
electronics and sporting goods with long carbon fiber-reinforced polypropylene composites. The company also employs AI-based systems to detect flaws in its
production.

In July 2024, Toray Composite Materials America announced a memorandum of understanding with Elevated Materials to repurpose carbon fiber prepreg scrap from its Tacoma, Washington facility. This partnership is a key step in Toray’s sustainability vision to achieve net-zero emissions by 2050.

Hexcel Corporation

2024: The company launched a new continuous carbon fiber, HexTow
IM9 24K, aimed at advanced aerospace applications.

Segments

Carbon Fiber Composites Market By End-User Industry

• Aerospace
• Automotive
• Wind Turbines
• Sport & Leisure
• Civil Engineering
• Marine

Carbon Fiber Composites Market By Matrix Material

• Polymer
• Thermosetting
• Thermoplastics
• Carbon
• Ceramic
• Metal
• Hybrid

Carbon Fiber Composites Market By Region

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Carbon Fiber Composites Market Regional Insights

North America: Leading the Way in Carbon Fiber Composites

The United States is leading the way in carbon fiber composites adoption, with companies like Boeing and SpaceX investing in research and development to improve their performance and efficiency. The demand for lightweight materials is driven by the growing emphasis on fuel efficiency and environmental sustainability. Canada is also embracing sustainable solutions with carbon fiber composites, focusing on renewable energy and transportation. The aerospace sector in Canada is leading the way in using carbon fiber composites for lightweight and fuel-efficient aircraft. With stringent environmental regulations, the adoption of these advanced materials is expected to grow steadily in the coming years. Mexico’s growing manufacturing sector presents a lucrative opportunity for the carbon fiber composites market, with its proximity to the United States and skilled workforce making it an attractive destination for companies looking to expand their production capabilities. Mexico’s growing demand for carbon fiber composites in sectors like automotive and wind energy is due to their durability and cost-effectiveness. With a focus on innovation and technological advancements, Mexico is poised to emerge as a significant player in the global carbon fiber composites market.

Europe

Germany, France, the United Kingdom, and Italy are major players in the European carbon fiber composites market. Germany, led by companies like BMW and Airbus, is focusing on innovation and advanced manufacturing techniques to develop high-performance carbon fiber solutions. France’s aerospace industry, led by companies like Dassault Aviation and Airbus Helicopters, is increasingly adopting carbon fiber composites to reduce weight and improve performance. The United Kingdom, with companies like Rolls-Royce and BAE Systems, is investing heavily in research and development to leverage the benefits of carbon fiber materials in their products. The UK market is poised for significant growth in the coming years. Italy’s automotive industry, led by companies like Ferrari and Lamborghini, is also integrating carbon fiber composites into their high-performance vehicles. Italian manufacturers are embracing carbon fiber composites as a key differentiator in the market, focusing on luxury and performance.

Asia Pacific

The Asia Pacific region is a major player in the global carbon fiber composites market, with countries like China, Japan, South Korea, and India leading the way. China’s robust manufacturing sector and focus on innovation have led to its position as a major supplier of carbon fiber composites globally. Japan’s tradition of excellence in engineering and technology has made it a preferred destination for high-performance carbon fiber composites. South Korea’s innovation-driven approach has resulted in cutting-edge technologies for producing carbon fiber composites, creating new opportunities for growth and expansion.

India is emerging as a potential market for carbon fiber composites due to its growing focus on infrastructure development and renewable energy projects. The increasing demand for lightweight and durable materials presents opportunities for manufacturers of carbon fiber composites. Indian companies are ramping up production to meet the rising needs of various industries, including automotive, aerospace, and construction. As India continues to invest in innovation and technological advancement, the carbon fiber composites market in the country is expected to witness significant growth.

In conclusion, the Asia Pacific region plays a vital role in the global carbon fiber composites market, with countries like China, Japan, South Korea, and India leading the way. As demand for lightweight and durable materials increases across various sectors, carbon fiber composites are poised to become even more indispensable in the years to come.

Middle East and Africa

The Middle East and Africa are emerging as key markets for carbon fiber composites, driven by the aerospace and defense sectors, as well as the automotive industry. Countries like Saudi Arabia, UAE, and Qatar are investing heavily in developing their aerospace capabilities, leading to a demand for advanced composite materials. Africa, with its expanding infrastructure and automotive sectors, is also a key market for carbon fiber composites. Countries like South Africa, Nigeria, and Kenya are seeking advanced materials for modern construction and transportation projects. Carbon fiber composites are also being used in wind energy and marine applications, showcasing the diverse range of potential applications. The adoption of carbon fiber composites is expected to continue growing in the coming years as industries seek innovative solutions to meet their evolving needs.

Frequently asked questions with answers

What is the worth of the global Carbon Fiber Composites Market?

The Carbon Fiber Composites Market Predictable to increase at a CAGR of 5.6% from its Size $21.20 Billion in 2023 to $28 Billion by 2030.

What is the size of the North America Carbon Fiber Composites industry?

North America holds approximately around 30% of the market share. Due to the region’s major aerospace and defense industries, North America is anticipated to be a significant market for carbon fiber composites. North America’s biggest markets for carbon fiber composites are the United States, Canada, and Mexico.

What are some of the market’s driving forces?

The demand for lightweight and high-strength materials in a variety of end-use industries, including aerospace and defense, automotive, wind energy, and sports and leisure, is fueling the rapid growth of the carbon fiber composites market. Carbon fiber composites have great strength-to-weight ratios and exceptional durability because they are constructed of carbon fibers and a polymer matrix. The market is anticipated to keep expanding in the upcoming years due to factors including the rising demand for electric vehicles, the increased usage of carbon fiber composites in wind energy, and the growing use of carbon fiber composites in the aerospace and military industries.

Which is the leading end-user industry in this market?

Due to the widespread use of these materials in aircraft components such as airframe structures, floor panels, and landing gears, the aerospace & defense segment has the largest market share and is predicted to generate the highest level of revenue in the market. The corrosion and fatigue-resistant properties of aircraft parts can be improved by the use of carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP).

Which are the top companies to hold the market share in the Carbon Fiber Composites market?

Key Players Profiled in The Report Include Toray Industries Inc., (Japan), DowAksa (Turkey), Mitsubishi Chemical Corporation (Japan), Solvay (Belgium), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co., Ltd. (China), and Jilin Chemical Fiber Group Co., Ltd. (China)

Which is the largest regional market for Carbon Fiber Composites market?

In terms of revenue generation and largest market share North America dominates the Carbon Fiber Composites market.

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TABLE OF CONTENT

1. INTRODUCTION

1.1.   MARKET DEFINITION

1.2.   MARKET SEGMENTATION

1.3.   RESEARCH TIMELINES

1.4.   ASSUMPTIONS AND LIMITATIONS

2. RESEARCH METHODOLOGY

2.1.   DATA MINING

      2.1.1. SECONDARY RESEARCH

      2.1.2. PRIMARY RESEARCH

      2.1.3.  SUBJECT-MATTER EXPERTS’ ADVICE

2.2.   QUALITY CHECKS

      2.2.1. FINAL REVIEW

2.3.   DATA TRIANGULATION

      2.3.1. BOTTOM-UP APPROACH

      2.3.2.  TOP-DOWN APPROACH

      2.3.3. RESEARCH FLOW

2.4.   DATA SOURCES

3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW

4.1.   GLOBAL CARBON FIBER COMPOSITES MARKET OUTLOOK

         4.1.1.  MARKET DRIVERS

         4.1.2.  MARKET RESTRAINTS

         4.1.3.   MARKET OPPORTUNITIES

4.2.   IMPACT OF COVID-19 ON CARBON FIBER COMPOSITES MARKET

4.3.   PORTER’S FIVE FORCES MODEL

         4.3.1. THREAT FROM NEW ENTRANTS

         4.3.2.  THREAT FROM SUBSTITUTES

         4.3.3.  BARGAINING POWER OF SUPPLIERS

         4.3.4.  BARGAINING POWER OF CUSTOMERS

         4.3.5. DEGREE OF COMPETITION

4.4.   INDUSTRY VALUE CHAIN ANALYSIS

5. GLOBAL CARBON FIBER COMPOSITES MARKET BY END-USER INDUSTRY, 2018-2030, (USD BILLION), (THOUSAND UNITS)

5.1.   AEROSPACE

5.2.   AUTOMOTIVE

5.3.   WIND TURBINES

5.4.   SPORT & LEISURE

5.5.   CIVIL ENGINEERING

5.6.   MARINE

6. GLOBAL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL, 2018-2030, (USD BILLION), (THOUSAND UNITS)

6.1.   POLYMER

        6.1.1.  THERMOSETTING

        6.1.2.  THERMOPLASTICS

6.2.   CARBON

6.3.   CERAMIC

6.4.   METAL

6.5.   HYBRID

7. GLOBAL MARKET BY REGION, 2018-2030, (USD BILLION), (THOUSAND UNITS)

7.1.   NORTH AMERICA

         7.1.1. US

         7.1.2. CANADA

         7.1.3. MEXICO

7.2.   SOUTH AMERICA

         7.2.1. BRAZIL

         7.2.2. ARGENTINA

         7.2.3. COLOMBIA

         7.2.4. REST OF SOUTH AMERICA

7.3.   EUROPE

        7.3.1. GERMANY

        7.3.2. UK

        7.3.3. FRANCE

        7.3.4. ITALY

        7.3.5. SPAIN

        7.3.6. RUSSIA

        7.3.7. REST OF EUROPE

7.4.   ASIA PACIFIC

        7.4.1. INDIA

        7.4.2. CHINA

        7.4.3. JAPAN

        7.4.4. SOUTH KOREA

        7.4.5. AUSTRALIA

        7.4.6. SOUTH-EAST ASIA 

        7.4.7. REST OF ASIA PACIFIC

7.5.   MIDDLE EAST AND AFRICA

        7.5.1. UAE

        7.5.2. SAUDI ARABIA

        7.5.3. SOUTH AFRICA

        7.5.4. REST OF MIDDLE EAST AND AFRICA

8. COMPANY PROFILES

8.1.   TORAY INDUSTRIES INC.

8.2.   DOWAKSA

8.3.   MITSUBISHI CHEMICAL CORPORATION

8.4.   SOLVAY

8.5.   TEIJIN LIMITED

8.6.   SGL CARBON

8.7.   HEXCEL CORPORATION

8.8.   HYOSUNG ADVANCED MATERIALS

8.9.   ZHONGFU SHENYING CARBON CO., LTD.

8.10.FORMOSA PLASTICS CORPORATION

8.11.JIANGSU HENGSHEN CO., LTD.

8.12.JILIN CHEMICAL FIBER GROUP CO., LTD.