
DALLAS, TX, 2025-03-21 — /EPR Network/ — A recent analysis forecasts significant growth in the carbon fiber industry, with market value expected to increase from $3.4 billion in 2023 to an estimated $5.0 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6%. This upward trend is fueled by rising demand for lightweight and fuel-efficient vehicles, rapid advancements in aerospace technology, expansion in wind energy, and increasing utilization in sports and leisure applications.
Carbon fiber’s unique properties have led to its widespread adoption across several sectors including automotive, aerospace, wind energy, sports equipment, construction, and marine. The demand is primarily driven by the need for high-performance, lightweight composite materials and enhanced performance standards in end-use applications.
The comprehensive 306-page report features 119 figures/charts and 113 tables that provide an in-depth analysis of trends, opportunities, and market forecasts. Detailed insights are provided by segmenting the market by end-use (aerospace, industrial, and sporting goods), precursor type (PAN-based and pitch-based), tow size (e.g., small tow [24k]), modulus (standard, intermediate, and high modulus), and geography (North America, Europe, and the Rest of the World).
Key findings from the study include:
- End-Use Trends: The industrial segment is expected to remain the largest market, while the aerospace sector is poised for the highest growth rate over the forecast period.
- Precursor Dynamics: PAN-based carbon fiber currently dominates the market, yet pitch-based carbon fiber is projected to experience the fastest growth.
- Regional Insights: The Asia-Pacific region will continue to be the largest market, driven by burgeoning demand from the aerospace, automotive, and wind energy industries, and is also set to record the highest growth.
Leading industry players include Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, Nippon Graphite Fiber Corporation, Kureha Corporation, Osaka Gas Chemical Corporation Ltd., Dalian Xingke Carbon Fiber Co., Jilin Jiyan High-Tech Fibers, Anshan Sinocarb Carbon Fibers Co., Ltd., Sinosteel Jilin Carbon Co., Ltd., Weihai Tuozhan Fiber, Zhongheng New Material, Zhongfu Shenying Carbon Fiber Co., Ltd., and Jiangsu Hengshen Fiber Materials Co., Ltd.
This unique research report from Lucintel is an essential tool for making confident business decisions in an increasingly competitive global market. For a complete table of contents or further inquiries, please contact Lucintel at +1-972-636-5056 or email helpdesk@lucintel.com. To learn more about our research, please visit our YouTube channel at https://www.youtube.com/@lucintel6834.
SOURCE: EPR Network