The global market for carbon fiber was valued at $4.9 billion in 2024 and is estimated to increase from $5.3 billion in 2025 to reach $8.2 billion by 2030, at a compound annual growth rate (CAGR) of 9.1% from 2025 through 2030.
The Asia-Pacific market for carbon fiber was valued at $1.6 billion in 2024 and is estimated to increase from $1.8 billion in 2025 to reach $3.1 billion by 2030, at a CAGR of 11.6% from 2025 through 2030.
The North American market for carbon fiber was valued at $1.6 billion in 2024 and is estimated to increase from $1.7 billion in 2025 to reach $2.5 billion by 2030, at a CAGR of 8.4% from 2025 through 2030.
Report Scope
The report provides a comprehensive market analysis of the carbon fiber market, reflecting the latest trends and data for the period from 2024 to 2030. The base year of the analysis is 2024, with the forecast period spanning 2025 to 2030. The revenue calculated in this report is in U.S. dollars. This report further provides an in-depth analysis of the industry, both qualitatively and quantitatively.
The global carbon fiber market is segmented into the following categories:
- By raw material (PAN and others).
- By tow size (Small tow of <24K and large tow of >24K).
- By fiber type (Virgin carbon fiber and recycled carbon fiber).
- By end user (Aerospace and defense, wind energy, automotive, sporting goods, pressure vessels, electrical and electronics, marine and others).
- By region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).
Report Includes
- 133 data tables and 56 additional tables
- An analysis of the current and future global markets for carbon fibers
- Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2026 and projected CAGRs through 2030
- Estimates of the market size in value and volumetric terms and revenue prospects for the global market, accompanied by a corresponding market share analysis by raw material type, tow size, fiber type, end-use industry and region
- Facts and figures pertaining to market dynamics, technological advances, regulations, prospects and innovations, as well as the impact of macroeconomic variables
- A review of physical properties and manufacturing technologies for carbon fibers
- Insights derived from Porter's Five Forces model, as well as global supply chain analyses
- Patent review, featuring key granted and published patents
- Analysis of the industry structure, including companies' market shares and rankings, product mappings, strategic initiatives, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies
- Company profiles of major players within the industry, including Toray Industries Inc., Mitsubishi Chemical Group Corp., Teijin Ltd., Hexcel Corp., and Syensqo