Carbon Fiber Market Forecasts $6.82 Billion Valuation by 2030
The report "Carbon Fiber Market by Raw Material Type (Pan, Pitch), BFiber Type (Virgin, Recycled), Modulus (Standard, Intermediate, High), Product Type (Continuous, Long, Short), Application (Composites, Non-Composites), End-use Industry (Aerospace & Defense, Automotive, Wind Energy, Pipe, Pressure Vessels, Sporting Goods, Construction & Infrastructure, Medical & Healthcare, and Marine), Region - Forecast to 2030" is expected to reach USD 6.82 billion by 2030 from USD 4.82 billion in 2025, at a CAGR of 7.2% from 2025 to 2030. The growing adoption of lightweight and high-performance materials is driving the use of carbon fiber in various end-use industries to improve efficiency, performance, and durability. For instance, growing concerns about sustainability are propelling the demand for carbon fiber in electric vehicles. Some of the high-end automotive manufacturers, such as Tesla, BMW, and Audi, are utilizing carbon fiber for automotive components to increase the performance of their electric vehicles.
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• 321 Market data Tables • 74 Figures • 326 Pages and in-depth TOC on "Carbon Fiber Market - Global Forecast to 2033"
Some of the prominent key players are:
- Toray Industries, Inc. (Japan),
- DowAksa (Turkey),
- Mitsubishi Chemical Group Corporation (Japan),
- Syensqo (Belgium),
- Teijin Limited (Japan),
- SGL Carbon (Germany), and many more....
Opportunity: Potential opportunities in new applications
The aerospace & defense industry has been the prime user of carbon fiber technology for many years. However, the use of carbon fiber-based composite materials is also increasing in other areas such as wind energy, offshore, automotive, sporting goods, pipes & tanks, and construction industries. Various grades of carbon fiber, with a certain range of modulus and strength, are available for specific uses. For instance, in the wind energy industry, carbon fiber is recognized as the only material suitable for developing larger and more powerful generators. Moreover, apart from composite applications, carbon fibers can also be used in commercial supercapacitors due to their environmentally friendly nature, low specific gravity, biodegradability, sustainability, low cost, and easy processing. Carbon fibers function as both the electrode-active material and current collector during the fabrication of supercapacitors. Carbon fibers can easily be integrated with wearable electronic textiles by simple weaving procedures, which has boosted their demand in the development of wearable supercapacitors.
The wind energy industry is expected to register the second-highest CAGR in terms of value in the carbon fiber market during the forecasted period
The wind energy segment will register the second-highest growth rate in the carbon fiber market due to its exceptional properties that enhance wind turbine performance and efficiency. Its high strength-to-weight ratio allows for the construction of longer and lighter blades without compromising on durability, thus increasing the overall turbine efficiency. Additionally, the superior mechanical properties of carbon fibers help wind turbine blades withstand continuous stress, reducing maintenance costs and extending their lifespan. As the demand for renewable energy grows, carbon fiber continues to play a crucial role in improving the efficiency, reliability, and sustainability of wind power technology.
Europe accounted for the largest share of the carbon fiber market in terms of value and volume
Europe dominates the carbon fiber market due to its devotion to sustainability and decarbonization and the rising shift toward the adoption of electric vehicles. The demand for carbon fiber is driven by the need for lightweight, durable, and high-performance materials. In the automotive sector, manufacturers are increasingly using carbon fiber to reduce vehicle weight, thereby improving fuel efficiency and lowering CO2 emissions to comply with strict EU regulations. Similarly, the aerospace industry relies on carbon fiber composites to manufacture lighter aircraft, which helps reduce fuel consumption and operating costs. Companies like Airbus integrate these materials extensively to meet sustainability targets and enhance aircraft performance. The demand is further fueled by the European Union’s stringent environmental regulations, which encourage industries to adopt sustainable and recyclable materials.