How big is the Carbon Fiber Market | Market Growth, Trends & Outlook

Q: How big is the Carbon Fiber market?

The Carbon Fiber Market was estimated at USD 5.9 billion in 2024 and is projected to reach USD 11.2 billion by 2031.

Q: What is driving the growth of this market?

Increased demand for lightweight, durable materials in aerospace, automotive, and energy sectors.

Q: What are the key trends in the Carbon Fiber industry?

Recycled fibre use, thermoplastic composites, cost-effective precursors, and regional supply expansion.

Q: Who are the leading players in the carbon fibre market?

Major players include Toray, Teijin, Hexcel, Mitsubishi Chemical, and SGL Carbon.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5636

Publication Date: Jul 2025

What is the size of the Carbon Fiber Market?

According to 6Wresearch internal database and industry insights, Global Carbon Fiber Market was estimated atUSD 5.9 billion in 2024 and is projected to reachUSD 11.2 billion by 2031, growing at aCAGR of 9.4% during the forecast period 2025â€“2031.

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This market is anticipated for the robust growth due to increasing demand for lightweight and high-strength materials across automotive, aerospace, renewable energy, and sporting goods industries.

Key Growth Drivers of the Carbon Fiber Market

Growing need for fuel-efficient and lightweight vehicles in automotive and aerospace sectors
Rising adoption in wind turbine blades and structural components in the renewable energy sector
Increased use in sports equipment, construction, and industrial applications
Technological advancements in carbon fibre recycling and low-cost production
Government support and regulations promoting sustainable and high-performance materials

Carbon Fiber Market Trends

The carbon fibre market is expanding its landscape with strong trends such as rising shift towards low-cost, high-volume carbon fibre composites. The demand for recycled carbon fibre is increasing in automotive and electronics sectors. Aside from these, thermoplastic carbon fibre composites are gaining popularity for their fast-processing capabilities. In terms of region, the production hubs in Asia-Pacific are expanding rapidly to meet global supply.

Emerging Developments in the Carbon Fiber Market

As the manufacturers are investing in the cost-effective precursor materials like lignin and PAN, the carbon fibre market is continued for the developments. Also, the strategic collaborations are rising between OEMs and material suppliers for integrated supply chains. Automation in production and digital manufacturing processes are enhancing quality and output. Expansion in 3D printing using carbon fibre composites is a new frontier.