Carbon Fiber Market
Carbon Fiber Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Carbon Fiber Market Size and Growth
The Carbon Fiber market is experiencing robust growth, driven by increasing demand across aerospace, automotive, and construction sectors. As of 2023, the global market size is valued at approximately USD 3 billion, with projections indicating a compound annual growth rate (CAGR) of around 10% through 2030, reflecting rising applications and innovations.
Companies Covered
(Covid 19 Impact Covered)
◍ Toray
◍ ZOLTEK (Toray)
◍ Mitsubishi Rayon
◍ Toho Tenax (Teijin)
◍ Hexcel
◍ Formosa Plastics Corp
◍ SGL
◍ Cytec Solvay
◍ DuPont
◍ Hyosung
◍ Taekwang Industrial
◍ Zhongfu Shenying
◍ Jiangsu Hengshen
◍ Weihai Tuozhan Fiber
◍ Bluestar Fibres
The carbon fiber market features key players like Toray, Mitsubishi Rayon, and Hexcel, who innovate in materials for aerospace, automotive, and industrial applications. These companies enhance performance and sustainability, driving market growth. Notable sales figures include Toray at approximately $3 billion and Hexcel around $2 billion annually.
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Market Segmentation
By Application
Industrial Materials
Aerospace
Sports/Leisure
Medical Industry
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By Product
Regular-Tow Carbon Fiber
Large-Tow Carbon Fiber
$ 1529.52 Million
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