DALLAS, TX, 2025-03-21 — /REAL TIME PRESS RELEASE/ — A groundbreaking study reveals that the global carbon fiber market is expected to expand from $3.4 billion in 2023 to $5.0 billion by 2030, growing at a robust compound annual growth rate of 6%. This impressive growth is largely attributed to the rising demand for lightweight, fuel-efficient vehicles, breakthrough aerospace technologies, burgeoning wind energy projects, and a wider range of applications in the sports and leisure sectors.
Carbon fiber’s exceptional strength-to-weight ratio is propelling its adoption across diverse industries such as automotive, aerospace, wind energy, sports equipment, construction, and marine. Market expansion is being driven by an increasing need for advanced, high-performance composite materials that meet escalating performance standards across these sectors.
The extensive 306-page report features:
- 119 figures and charts, along with 113 detailed tables, providing a comprehensive visual analysis of market trends and forecasts.
- Market segmentation based on end-use (including aerospace, industrial, and sporting goods), precursor type (PAN-based and pitch-based), tow size (e.g., small tow such as 24k), modulus (standard, intermediate, and high), and regional distribution (North America, Europe, and the Rest of the World).
Key Highlights:
- End-Use Insights: While the industrial segment is projected to remain the largest by market share, the aerospace segment is forecasted to experience the highest growth during the review period.
- Precursor Developments: PAN-based carbon fiber continues to dominate the market, though pitch-based carbon fiber is anticipated to record the fastest growth rate.
- Regional Outlook: The Asia-Pacific region is set to not only maintain its position as the largest market but also to lead in growth, driven by heightened demand in aerospace, automotive, and wind energy industries.
Industry leaders driving this dynamic market 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 detailed report by Lucintel provides vital insights for stakeholders seeking to navigate the increasingly competitive global marketplace. For a full table of contents or more information, please contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Additional informational videos can be viewed at https://www.youtube.com/@lucintel6834.
SOURCE: EPR Network