Carbon Composites Global Market Report 2026

Carbon composites consist of carbon fibers or carbon-based materials that are embedded in a matrix, which is usually made of polymer, metal, or ceramic. These materials are renowned for their exceptional strength, lightweight properties, and resistance to high temperatures and corrosion, making them suitable for applications in aerospace, automotive, sports equipment, and various industrial fields.

The primary types of carbon composites include virgin fiber (VCF) and recycled fiber (RCF). Virgin fiber carbon composites are produced from newly created carbon fibers that have not been previously used. These composites can feature various matrix types, including hybrid, metal, ceramic, carbon, and polymer, and they accommodate a range of manufacturing processes such as prepreg layout, pultrusion, winding, wet lamination, infusion, pressing, and injection. They find applications in both composite and non-composite sectors, catering to a wide array of end users including aerospace, automotive, wind energy, sports and leisure, civil engineering, and marine industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the carbon composites market by increasing costs of imported carbon fibers, resins, and advanced manufacturing equipment. These effects have been most pronounced in aerospace, automotive, and wind energy segments, particularly in regions such as Asia Pacific and Europe that rely on cross border material supply. At the same time, tariffs have encouraged domestic fiber production, recycling initiatives, and localized composite manufacturing, supporting long term supply chain resilience.

The carbon composites market research report is one of a series of new reports from The Business Research Company that provides carbon composites market statistics, including carbon composites industry global market size, regional shares, competitors with a carbon composites market share, detailed carbon composites market segments, market trends and opportunities, and any further data you may need to thrive in the carbon composites industry. This carbon composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The carbon composites market size has grown strongly in recent years. It will grow from $21.71 billion in 2025 to $23.2 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to aerospace material innovation, demand for fuel efficient vehicles, growth in sports equipment manufacturing, high strength material requirements, early adoption in defense applications.

The carbon composites market size is expected to see strong growth in the next few years. It will grow to $30.16 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to electric vehicle lightweighting needs, wind energy blade expansion, recycled carbon fiber commercialization, industrial automation adoption, cost reduction in composite manufacturing. Major trends in the forecast period include rising adoption of lightweight structural materials, increasing use in electric vehicle platforms, growing demand for high strength aerospace components, expansion of recycled carbon fiber usage, advancements in high performance composite processing.

The growth of the automotive industry is anticipated to fuel the expansion of the carbon composites market in the future. The automotive industry encompasses the sector responsible for designing, developing, manufacturing, and selling motor vehicles. This industry's expansion is driven by rising global demand for personal mobility and significant advancements in electric vehicle (EV) technologies. Carbon composites aid the automotive industry by reducing vehicle weight, enhancing fuel efficiency, improving performance, and lowering emissions while maintaining strength and durability. For example, in February 2024, the Society of Motor Manufacturers and Traders, a UK-based trade association, reported a 21.0% surge in British car manufacturing output, reaching 82,997 units in January 2024. Export volumes grew by 11.6%, while electrified vehicle production rose by 4.5% to 29,590 units. As a result, the automotive industry's expansion is contributing to the growth of the carbon composites market.

Key companies in the carbon composites market are focusing on developing advanced materials, such as carbon fiber-based heat-resistant ceramic matrix composites, to improve performance and durability in extreme environments. Carbon fiber-based ceramic matrix composites (CMCs) are cutting-edge materials that combine the high strength and stiffness of carbon fibers with the thermal and chemical stability of ceramic matrices. For instance, in February 2024, Mitsubishi Chemical Group, a Japanese chemical corporation, introduced a highly heat-resistant ceramic matrix composite (CMC) capable of withstanding temperatures up to 1,500 °C. This material utilizes pitch-based carbon fibers rather than traditional ceramic fibers and retains its strength even after extended exposure to high heat, making it suitable for aerospace applications, particularly in reusable space transportation systems.

In October 2023, Mitsubishi Chemical Group acquired C.P.C. Group for an undisclosed sum. Through this acquisition, Mitsubishi Chemical aims to bolster its vertically integrated carbon fiber supply chain, strengthen its capabilities in the automotive parts industry, and offer comprehensive solutions by leveraging C.P.C.'s expertise in manufacturing and distributing carbon fiber composite components. C.P.C. Group, based in Italy, specializes in carbon fiber-reinforced plastic (CFRP) components for the automotive sector, which will drive innovation and efficiency in the carbon composites market.

Major companies operating in the carbon composites market are Northrop Grumman Corporation, Mitsubishi Chemical Holdings Corporation, 3M Company, Toray Industries Inc., Solvay S.A., Teijin Limited, GKN Aerospace Services Limited, Zhongfu Shenying Carbon Fiber Co Ltd., Epsilon Composite SAS, Hexcel Corporation, TPI Composites Inc., Freudenberg Performance Materials, Kordsa Global, SGL Carbon SE, Rockman Industries Limited, Hexagon Composites, SAERTEX GmbH and Co. KG, CFC Carbon Co Ltd., Toyo Tanso Co Ltd., Advanced Composites Inc, Dowaksa Advanced Composites, China Composites Group Corporation Ltd, Carbon Composites Inc.

Asia-Pacific was the largest region in the carbon composites market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon composites market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the carbon composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The carbon composites market consists of sales of carbon fiber prepregs, carbon fiber fabrics, carbon composite panels, and carbon composite laminates. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Carbon Composites Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses carbon composites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for carbon composites ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The carbon composites market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Virgin Fiber (VCF); Recycled Fiber (RCF)
• 2) By Matrix: Metal; Ceramic; Carbon; Polymer
• 3) By Process: Prepreg Layup Process; Pultrusion And Winding; Wet Lamination And Infusion Process; Other Processes
• 4) By End-User: Aerospace; Automotive; Wind Turbines; Sport And Leisure; Civil Engineering; Marine
• Subsegments:
• 1) By Virgin Fiber (VCF): Carbon Fiber Reinforced Polymer (CFRP); Carbon Fiber Reinforced Metal (CFRM); Carbon Fiber Reinforced Ceramic (CFRC)
• 2) By Recycled Fiber (RCF): Recycled Carbon Fiber (rCF); Recycled Carbon Fiber Reinforced Polymer (rCFRP)
• Companies Mentioned: Northrop Grumman Corporation; Mitsubishi Chemical Holdings Corporation; 3M Company; Toray Industries Inc.; Solvay S.A.; Teijin Limited; GKN Aerospace Services Limited; Zhongfu Shenying Carbon Fiber Co Ltd.; Epsilon Composite SAS; Hexcel Corporation; TPI Composites Inc.; Freudenberg Performance Materials; Kordsa Global; SGL Carbon SE; Rockman Industries Limited; Hexagon Composites; SAERTEX GmbH and Co. KG; CFC Carbon Co Ltd.; Toyo Tanso Co Ltd.; Advanced Composites Inc; Dowaksa Advanced Composites; China Composites Group Corporation Ltd; Carbon Composites Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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