Global Carbon Fiber market cagr 15.00%

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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 global carbon fiber market is expected to grow at a CAGR of 10.5% from 2021 to 2026, reaching a market size of $4.6 billion. The increasing demand for lightweight materials in industries such as automotive, aerospace, and wind energy is driving the market growth. Key players include Toray Industries, Teijin Limited, and Mitsubishi Chemical Holdings.

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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 is highly competitive with key players such as 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, and Bluestar Fibres. These companies contribute to the growth of the market through innovations in technology, product development, and strategic partnerships.

- Toray: $6.4 billion in sales revenue

- Mitsubishi Rayon: $3.5 billion in sales revenue

- Hexcel: $1.9 billion in sales revenue

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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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Market Growth
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