Overview of the Global Carbon Fiber Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Carbon Fiber Market By Raw Material (Polyacrylonitrile (PAN), Petroleum Pitch and Rayon) By Fiber Type (Virgin Fiber, Recycle Fiber), By Application (Composite Materials, Textiles, Microelectrodes, Catalysis), By Tow Size (Small Tow, Large Tow), By Modulus (Standard Modulus, Intermediate Modulus, High Modulus), By Product Type (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber), By End User Industry (Automotive, Aerospace & Defense, Wind Turbines, Sports Equipment, Molding & Compounding, Construction, Pressure Vessels, Others) and Others, The Global Carbon Fiber Market size was valued at around USD 8 billion in 2024 and is projected to reach USD 16 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Carbon Fiber Market Growth and Scope:

Base Year: 2024

Forecast Period: 2025-30

Historical Data: 2020-23

CAGR (2025-2030): 12%

Request Free Sample Report (Exclusive Offer on this report): https://www.marknteladvisors.com/query/request-sample/carbon-fiber-market.html

Global Carbon Fiber Market Driver:

Growing Demand for Lightweight Materials in Various Industries – Numerous sectors require lightweight materials like carbon fibers, for fuel savings depending on weight reduction. Aerospace saves 3,000 gallons of fuel a year with every kilogram of weight reduction. Parts of the airplane, including fuselage and wings, are made of carbon fiber which is five times stronger than steel and fifty percent lighter than aluminum.  Similarly, the automotive industry now sees lighter vehicles that reduce emissions and improve fuel economy. Carbon fiber-reinforced components like in BMW i8 weight is reduced by forty percent while increasing fuel efficiency by 6% to 8%.

Wind energy is another application for carbon fiber. Carbon fibers are used in turbine blades to reduce weight and increase efficiency.  Carbon fiber composite blades are twenty percent lighter than blades made of other materials allowing for larger designs with ten percent more energy output. Its adoption across industries is fueled by this.

A Comprehensive Analysis of Leading Companies of Carbon Fiber Market by MarkNtel Advisors:

• Toray Industries Inc.
• Hexcel Corporation
• SGL Carbon
• Teijin Limited
• Solvay
• Hyosung Advanced Materials
• Mitsubishi Chemical Group Corporation
• Anshan Sinoda Carbon Fibers Co., Ltd.
• Zhongfu Shenying Carbon Co., Ltd.
• China National Bluestar Co., Ltd.
• Kureha Corporation
• Nippon Graphite Fiber Co., Ltd.
• ZOLTEK Corporation
• Jilin Chemical Fiber Group Co., Ltd.
• DowAksa
• Others

Key Carbon Fiber Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/carbon-fiber-market.html

-By Raw Material

• Polyacrylonitrile (PAN)
• Petroleum Pitch and Rayon

The Polyacrylonitrile segment leads the Global Carbon Fiber Market, representing around 90% of the market share in 2023.

-By End User Industry

• Automotive
• Aerospace & Defense
• Wind Turbines
• Sports Equipment
• Molding & Compounding
• Construction
• Pressure Vessels
• Others

The Aerospace and Defense industry is the biggest in the Global Carbon Fiber Market, accounting for around 35% of the market shares in 2023.

-By Fiber Type

• Virgin Fiber – Market Size & Forecast 2020-2030, (USD Million)
• Recycle Fiber – Market Size & Forecast 2020-2030, (USD Million)

-By Application

• Composite Materials – Market Size & Forecast 2020-2030, (USD Million)
• Textiles – Market Size & Forecast 2020-2030, (USD Million)
• Microelectrodes – Market Size & Forecast 2020-2030, (USD Million)
• Catalysis – Market Size & Forecast 2020-2030, (USD Million)

-By Tow Size

• Small Tow – Market Size & Forecast 2020-2030, (USD Million)
• Large Tow – Market Size & Forecast 2020-2030, (USD Million)

-By Modulus

• Standard Modulus – Market Size & Forecast 2020-2030, (USD Million)
• Intermediate Modulus – Market Size & Forecast 2020-2030, (USD Million)
• High Modulus – Market Size & Forecast 2020-2030, (USD Million)

-By Product Type

• Continuous Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)
• Long Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)
• Short Carbon Fiber – Market Size & Forecast 2020-2030, (USD Million)

Geographical Analysis

-By Region

• North America
• South America
• Europe
• The Middle East and Africa
• Asia-Pacific

Europe dominates the Global Carbon Fiber Market with a 40% share, due to several key reasons.

Key Reports Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/carbon-fiber-market.html

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Key Advantages of the Report by MarkNtel Advisors:

• Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
• Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
• Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

More Research Studies:

• The Middle East Zero Trust Security Market is projected to grow at a CAGR of 8.112%, reaching USD12 Billion by 2028, from USD 2.121 Billion in 20212.
• Unveil the flourishing Global Behavioral Analytics Market, valued at USD8 Billion in 2023. Projected to surge at a CAGR of over 120% from 2023 to 2028. (Top Companies - IBM Corporation, Microsoft Corporation, Splunk Inc., Varonis Systems Inc., Exabeam Inc., Niara Inc., SAP SE, and Oracle Corporation)
• Global Hypersonic Technology Market size was valued at USD2 Billion in 2023 & is estimated to grow at a CAGR of around 9.32% during the forecast period 2023-28, the growing focus on naval superiority & anti-ship capabilities is creating a notable growth opportunity for the Market.
• The Global Artificial Intelligence in Neurology Market is expacted to reach USD 128 million in 2023 and is estimated to grow at a CAGR of about 126% during the forecast period 2023-28.

Media Contact:

Company Name: MarkNtel Advisors

Email: [email protected]

Website: www.marknteladvisors.com/

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India