Global 24K Carbon Fiber Market Research Report 2025

Industry: Chemical & Material

Published: 2025-03-10

Pages: 86 Pages

Report ld: 4512953

Description
Table of Contents
Table of Figures
Related Reports
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Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description

The global market for 24K Carbon Fiber was valued at US$ 323 million in the year 2024 and is projected to reach a revised size of US$ 502 million by 2031, growing at a CAGR of 6.6% during the forecast period.

24K carbon fiber is created by twisting twenty-four 1K carbon fibers together. This grade of carbon fiber is the strongest available, and is used in applications that require exceptional strength and durability, such as in spacecraft or high-performance race cars.

24K Carbon Fiber Market Size(US$)

M= millions and B=billions

North American market for 24K Carbon Fiber is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for 24K Carbon Fiber is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of 24K Carbon Fiber include Hexcel, Toray Composite Materials, Mitsubishi Chemical, Teijin Carbon, Hyosung Advancedmaterials, Taekwang Industrial, Foemosa M, Sinopec Shanghai Petrochemical Company, Formosa Plastic Group, Jilin Chemical Fiber Group, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope
This report aims to provide a comprehensive presentation of the global market for 24K Carbon Fiber, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 24K Carbon Fiber.

The 24K Carbon Fiber market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global 24K Carbon Fiber market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the 24K Carbon Fiber manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Report Metric
Details
Report Title
Global 24K Carbon Fiber Market Research Report 2025
Forecasted Market Size in 2031
US$ 502 million
CAGR(2025-2031)
6.6%
Market Size Available for Years
2025-2031
Global 24K Carbon Fiber Companies Covered
Hexcel
Toray Composite Materials
Mitsubishi Chemical
Teijin Carbon
Hyosung Advancedmaterials
Taekwang Industrial
Foemosa M
Sinopec Shanghai Petrochemical Company
Formosa Plastic Group
Jilin Chemical Fiber Group
Global 24K Carbon Fiber Market, by Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global 24K Carbon Fiber Market, Segment by Type
PAN Based Carbon Fiber
Pitch-Based Carbon Fiber
Others
Global 24K Carbon Fiber Market, Segment by Application
Automotives
Ship
Wind Energy
Machinery
Construction
Consumer Electronics
Aerospace and Military
Scientific Research
Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of 24K Carbon Fiber manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of 24K Carbon Fiber by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of 24K Carbon Fiber in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.

Table of Contents

1 24K Carbon Fiber Market Overview
    1.1 Product Definition
    1.2 24K Carbon Fiber by Type
        1.2.1 Global 24K Carbon Fiber Market Value Growth Rate Analysis by Type: 2024 VS 2031
        1.2.2 PAN Based Carbon Fiber
        1.2.3 Pitch-Based Carbon Fiber
        1.2.4 Others
    1.3 24K Carbon Fiber by Application
        1.3.1 Global 24K Carbon Fiber Market Value Growth Rate Analysis by Application: 2024 VS 2031
        1.3.2 Automotives
        1.3.3 Ship
        1.3.4 Wind Energy
        1.3.5 Machinery
        1.3.6 Construction
        1.3.7 Consumer Electronics
        1.3.8 Aerospace and Military
        1.3.9 Scientific Research
        1.3.10 Others
    1.4 Global Market Growth Prospects
        1.4.1 Global 24K Carbon Fiber Production Value Estimates and Forecasts (2020-2031)
        1.4.2 Global 24K Carbon Fiber Production Capacity Estimates and Forecasts (2020-2031)
        1.4.3 Global 24K Carbon Fiber Production Estimates and Forecasts (2020-2031)
        1.4.4 Global 24K Carbon Fiber Market Average Price Estimates and Forecasts (2020-2031)
    1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
    2.1 Global 24K Carbon Fiber Production Market Share by Manufacturers (2020-2025)
    2.2 Global 24K Carbon Fiber Production Value Market Share by Manufacturers (2020-2025)
    2.3 Global Key Players of 24K Carbon Fiber, Industry Ranking, 2023 VS 2024
    2.4 Global 24K Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    2.5 Global 24K Carbon Fiber Average Price by Manufacturers (2020-2025)
    2.6 Global Key Manufacturers of 24K Carbon Fiber, Manufacturing Base Distribution and Headquarters
    2.7 Global Key Manufacturers of 24K Carbon Fiber, Product Offered and Application
    2.8 Global Key Manufacturers of 24K Carbon Fiber, Date of Enter into This Industry
    2.9 24K Carbon Fiber Market Competitive Situation and Trends
        2.9.1 24K Carbon Fiber Market Concentration Rate
        2.9.2 Global 5 and 10 Largest 24K Carbon Fiber Players Market Share by Revenue
    2.10 Mergers & Acquisitions, Expansion

3 24K Carbon Fiber Production by Region
    3.1 Global 24K Carbon Fiber Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
    3.2 Global 24K Carbon Fiber Production Value by Region (2020-2031)
        3.2.1 Global 24K Carbon Fiber Production Value by Region (2020-2025)
        3.2.2 Global Forecasted Production Value of 24K Carbon Fiber by Region (2026-2031)
    3.3 Global 24K Carbon Fiber Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
    3.4 Global 24K Carbon Fiber Production Volume by Region (2020-2031)
        3.4.1 Global 24K Carbon Fiber Production by Region (2020-2025)
        3.4.2 Global Forecasted Production of 24K Carbon Fiber by Region (2026-2031)
    3.5 Global 24K Carbon Fiber Market Price Analysis by Region (2020-2025)
    3.6 Global 24K Carbon Fiber Production and Value, Year-over-Year Growth
        3.6.1 North America 24K Carbon Fiber Production Value Estimates and Forecasts (2020-2031)
        3.6.2 Europe 24K Carbon Fiber Production Value Estimates and Forecasts (2020-2031)
        3.6.3 China 24K Carbon Fiber Production Value Estimates and Forecasts (2020-2031)
        3.6.4 Japan 24K Carbon Fiber Production Value Estimates and Forecasts (2020-2031)

4 24K Carbon Fiber Consumption by Region
    4.1 Global 24K Carbon Fiber Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
    4.2 Global 24K Carbon Fiber Consumption by Region (2020-2031)
        4.2.1 Global 24K Carbon Fiber Consumption by Region (2020-2025)
        4.2.2 Global 24K Carbon Fiber Forecasted Consumption by Region (2026-2031)
    4.3 North America
        4.3.1 North America 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
        4.3.2 North America 24K Carbon Fiber Consumption by Country (2020-2031)
        4.3.3 U.S.
        4.3.4 Canada
    4.4 Europe
        4.4.1 Europe 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
        4.4.2 Europe 24K Carbon Fiber Consumption by Country (2020-2031)
        4.4.3 Germany
        4.4.4 France
        4.4.5 U.K.
        4.4.6 Italy
        4.4.7 Russia
    4.5 Asia Pacific
        4.5.1 Asia Pacific 24K Carbon Fiber Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
        4.5.2 Asia Pacific 24K Carbon Fiber Consumption by Region (2020-2031)
        4.5.3 China
        4.5.4 Japan
        4.5.5 South Korea
        4.5.6 China Taiwan
        4.5.7 Southeast Asia
        4.5.8 India
    4.6 Latin America, Middle East & Africa
        4.6.1 Latin America, Middle East & Africa 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
        4.6.2 Latin America, Middle East & Africa 24K Carbon Fiber Consumption by Country (2020-2031)
        4.6.3 Mexico
        4.6.4 Brazil
        4.6.5 Turkey
        4.6.6 GCC Countries

5 Segment by Type
    5.1 Global 24K Carbon Fiber Production by Type (2020-2031)
        5.1.1 Global 24K Carbon Fiber Production by Type (2020-2025)
        5.1.2 Global 24K Carbon Fiber Production by Type (2026-2031)
        5.1.3 Global 24K Carbon Fiber Production Market Share by Type (2020-2031)
    5.2 Global 24K Carbon Fiber Production Value by Type (2020-2031)
        5.2.1 Global 24K Carbon Fiber Production Value by Type (2020-2025)
        5.2.2 Global 24K Carbon Fiber Production Value by Type (2026-2031)
        5.2.3 Global 24K Carbon Fiber Production Value Market Share by Type (2020-2031)
    5.3 Global 24K Carbon Fiber Price by Type (2020-2031)

6 Segment by Application
    6.1 Global 24K Carbon Fiber Production by Application (2020-2031)
        6.1.1 Global 24K Carbon Fiber Production by Application (2020-2025)
        6.1.2 Global 24K Carbon Fiber Production by Application (2026-2031)
        6.1.3 Global 24K Carbon Fiber Production Market Share by Application (2020-2031)
    6.2 Global 24K Carbon Fiber Production Value by Application (2020-2031)
        6.2.1 Global 24K Carbon Fiber Production Value by Application (2020-2025)
        6.2.2 Global 24K Carbon Fiber Production Value by Application (2026-2031)
        6.2.3 Global 24K Carbon Fiber Production Value Market Share by Application (2020-2031)
    6.3 Global 24K Carbon Fiber Price by Application (2020-2031)

7 Key Companies Profiled
    7.1 Hexcel
        7.1.1 Hexcel 24K Carbon Fiber Company Information
        7.1.2 Hexcel 24K Carbon Fiber Product Portfolio
        7.1.3 Hexcel 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.1.4 Hexcel Main Business and Markets Served
        7.1.5 Hexcel Recent Developments/Updates
    7.2 Toray Composite Materials
        7.2.1 Toray Composite Materials 24K Carbon Fiber Company Information
        7.2.2 Toray Composite Materials 24K Carbon Fiber Product Portfolio
        7.2.3 Toray Composite Materials 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.2.4 Toray Composite Materials Main Business and Markets Served
        7.2.5 Toray Composite Materials Recent Developments/Updates
    7.3 Mitsubishi Chemical
        7.3.1 Mitsubishi Chemical 24K Carbon Fiber Company Information
        7.3.2 Mitsubishi Chemical 24K Carbon Fiber Product Portfolio
        7.3.3 Mitsubishi Chemical 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.3.4 Mitsubishi Chemical Main Business and Markets Served
        7.3.5 Mitsubishi Chemical Recent Developments/Updates
    7.4 Teijin Carbon
        7.4.1 Teijin Carbon 24K Carbon Fiber Company Information
        7.4.2 Teijin Carbon 24K Carbon Fiber Product Portfolio
        7.4.3 Teijin Carbon 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.4.4 Teijin Carbon Main Business and Markets Served
        7.4.5 Teijin Carbon Recent Developments/Updates
    7.5 Hyosung Advancedmaterials
        7.5.1 Hyosung Advancedmaterials 24K Carbon Fiber Company Information
        7.5.2 Hyosung Advancedmaterials 24K Carbon Fiber Product Portfolio
        7.5.3 Hyosung Advancedmaterials 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.5.4 Hyosung Advancedmaterials Main Business and Markets Served
        7.5.5 Hyosung Advancedmaterials Recent Developments/Updates
    7.6 Taekwang Industrial
        7.6.1 Taekwang Industrial 24K Carbon Fiber Company Information
        7.6.2 Taekwang Industrial 24K Carbon Fiber Product Portfolio
        7.6.3 Taekwang Industrial 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.6.4 Taekwang Industrial Main Business and Markets Served
        7.6.5 Taekwang Industrial Recent Developments/Updates
    7.7 Foemosa M
        7.7.1 Foemosa M 24K Carbon Fiber Company Information
        7.7.2 Foemosa M 24K Carbon Fiber Product Portfolio
        7.7.3 Foemosa M 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.7.4 Foemosa M Main Business and Markets Served
        7.7.5 Foemosa M Recent Developments/Updates
    7.8 Sinopec Shanghai Petrochemical Company
        7.8.1 Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Company Information
        7.8.2 Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Product Portfolio
        7.8.3 Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.8.4 Sinopec Shanghai Petrochemical Company Main Business and Markets Served
        7.8.5 Sinopec Shanghai Petrochemical Company Recent Developments/Updates
    7.9 Formosa Plastic Group
        7.9.1 Formosa Plastic Group 24K Carbon Fiber Company Information
        7.9.2 Formosa Plastic Group 24K Carbon Fiber Product Portfolio
        7.9.3 Formosa Plastic Group 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.9.4 Formosa Plastic Group Main Business and Markets Served
        7.9.5 Formosa Plastic Group Recent Developments/Updates
    7.10 Jilin Chemical Fiber Group
        7.10.1 Jilin Chemical Fiber Group 24K Carbon Fiber Company Information
        7.10.2 Jilin Chemical Fiber Group 24K Carbon Fiber Product Portfolio
        7.10.3 Jilin Chemical Fiber Group 24K Carbon Fiber Production, Value, Price and Gross Margin (2020-2025)
        7.10.4 Jilin Chemical Fiber Group Main Business and Markets Served
        7.10.5 Jilin Chemical Fiber Group Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
    8.1 24K Carbon Fiber Industry Chain Analysis
    8.2 24K Carbon Fiber Raw Material Supply Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
    8.3 24K Carbon Fiber Production Mode & Process Analysis
    8.4 24K Carbon Fiber Sales and Marketing
        8.4.1 24K Carbon Fiber Sales Channels
        8.4.2 24K Carbon Fiber Distributors
    8.5 24K Carbon Fiber Customer Analysis

9 24K Carbon Fiber Market Dynamics
    9.1 24K Carbon Fiber Industry Trends
    9.2 24K Carbon Fiber Market Drivers
    9.3 24K Carbon Fiber Market Challenges
    9.4 24K Carbon Fiber Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
    11.1 Methodology/Research Approach
        11.1.1 Research Programs/Design
        11.1.2 Market Size Estimation
        11.1.3 Market Breakdown and Data Triangulation
    11.2 Data Source
        11.2.1 Secondary Sources
        11.2.2 Primary Sources
    11.3 Author List
    11.4 Disclaimer

Table of Figures

List of Tables
 Table 1. Global 24K Carbon Fiber Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global 24K Carbon Fiber Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global 24K Carbon Fiber Production Capacity (Tons) by Manufacturers in 2024
 Table 4. Global 24K Carbon Fiber Production by Manufacturers (2020-2025) & (Tons)
 Table 5. Global 24K Carbon Fiber Production Market Share by Manufacturers (2020-2025)
 Table 6. Global 24K Carbon Fiber Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global 24K Carbon Fiber Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of 24K Carbon Fiber, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in 24K Carbon Fiber as of 2024)
 Table 10. Global Market 24K Carbon Fiber Average Price by Manufacturers (US$/Ton) & (2020-2025)
 Table 11. Global Key Manufacturers of 24K Carbon Fiber, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of 24K Carbon Fiber, Product Offered and Application
 Table 13. Global Key Manufacturers of 24K Carbon Fiber, Date of Enter into This Industry
 Table 14. Global 24K Carbon Fiber Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global 24K Carbon Fiber Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global 24K Carbon Fiber Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global 24K Carbon Fiber Production Value Market Share by Region (2020-2025)
 Table 19. Global 24K Carbon Fiber Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global 24K Carbon Fiber Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global 24K Carbon Fiber Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)
 Table 22. Global 24K Carbon Fiber Production (Tons) by Region (2020-2025)
 Table 23. Global 24K Carbon Fiber Production Market Share by Region (2020-2025)
 Table 24. Global 24K Carbon Fiber Production (Tons) Forecast by Region (2026-2031)
 Table 25. Global 24K Carbon Fiber Production Market Share Forecast by Region (2026-2031)
 Table 26. Global 24K Carbon Fiber Market Average Price (US$/Ton) by Region (2020-2025)
 Table 27. Global 24K Carbon Fiber Market Average Price (US$/Ton) by Region (2026-2031)
 Table 28. Global 24K Carbon Fiber Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)
 Table 29. Global 24K Carbon Fiber Consumption by Region (2020-2025) & (Tons)
 Table 30. Global 24K Carbon Fiber Consumption Market Share by Region (2020-2025)
 Table 31. Global 24K Carbon Fiber Forecasted Consumption by Region (2026-2031) & (Tons)
 Table 32. Global 24K Carbon Fiber Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
 Table 34. North America 24K Carbon Fiber Consumption by Country (2020-2025) & (Tons)
 Table 35. North America 24K Carbon Fiber Consumption by Country (2026-2031) & (Tons)
 Table 36. Europe 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
 Table 37. Europe 24K Carbon Fiber Consumption by Country (2020-2025) & (Tons)
 Table 38. Europe 24K Carbon Fiber Consumption by Country (2026-2031) & (Tons)
 Table 39. Asia Pacific 24K Carbon Fiber Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)
 Table 40. Asia Pacific 24K Carbon Fiber Consumption by Region (2020-2025) & (Tons)
 Table 41. Asia Pacific 24K Carbon Fiber Consumption by Region (2026-2031) & (Tons)
 Table 42. Latin America, Middle East & Africa 24K Carbon Fiber Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
 Table 43. Latin America, Middle East & Africa 24K Carbon Fiber Consumption by Country (2020-2025) & (Tons)
 Table 44. Latin America, Middle East & Africa 24K Carbon Fiber Consumption by Country (2026-2031) & (Tons)
 Table 45. Global 24K Carbon Fiber Production (Tons) by Type (2020-2025)
 Table 46. Global 24K Carbon Fiber Production (Tons) by Type (2026-2031)
 Table 47. Global 24K Carbon Fiber Production Market Share by Type (2020-2025)
 Table 48. Global 24K Carbon Fiber Production Market Share by Type (2026-2031)
 Table 49. Global 24K Carbon Fiber Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global 24K Carbon Fiber Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global 24K Carbon Fiber Production Value Market Share by Type (2020-2025)
 Table 52. Global 24K Carbon Fiber Production Value Market Share by Type (2026-2031)
 Table 53. Global 24K Carbon Fiber Price (US$/Ton) by Type (2020-2025)
 Table 54. Global 24K Carbon Fiber Price (US$/Ton) by Type (2026-2031)
 Table 55. Global 24K Carbon Fiber Production (Tons) by Application (2020-2025)
 Table 56. Global 24K Carbon Fiber Production (Tons) by Application (2026-2031)
 Table 57. Global 24K Carbon Fiber Production Market Share by Application (2020-2025)
 Table 58. Global 24K Carbon Fiber Production Market Share by Application (2026-2031)
 Table 59. Global 24K Carbon Fiber Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global 24K Carbon Fiber Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global 24K Carbon Fiber Production Value Market Share by Application (2020-2025)
 Table 62. Global 24K Carbon Fiber Production Value Market Share by Application (2026-2031)
 Table 63. Global 24K Carbon Fiber Price (US$/Ton) by Application (2020-2025)
 Table 64. Global 24K Carbon Fiber Price (US$/Ton) by Application (2026-2031)
 Table 65. Hexcel 24K Carbon Fiber Company Information
 Table 66. Hexcel 24K Carbon Fiber Specification and Application
 Table 67. Hexcel 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 68. Hexcel Main Business and Markets Served
 Table 69. Hexcel Recent Developments/Updates
 Table 70. Toray Composite Materials 24K Carbon Fiber Company Information
 Table 71. Toray Composite Materials 24K Carbon Fiber Specification and Application
 Table 72. Toray Composite Materials 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 73. Toray Composite Materials Main Business and Markets Served
 Table 74. Toray Composite Materials Recent Developments/Updates
 Table 75. Mitsubishi Chemical 24K Carbon Fiber Company Information
 Table 76. Mitsubishi Chemical 24K Carbon Fiber Specification and Application
 Table 77. Mitsubishi Chemical 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 78. Mitsubishi Chemical Main Business and Markets Served
 Table 79. Mitsubishi Chemical Recent Developments/Updates
 Table 80. Teijin Carbon 24K Carbon Fiber Company Information
 Table 81. Teijin Carbon 24K Carbon Fiber Specification and Application
 Table 82. Teijin Carbon 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 83. Teijin Carbon Main Business and Markets Served
 Table 84. Teijin Carbon Recent Developments/Updates
 Table 85. Hyosung Advancedmaterials 24K Carbon Fiber Company Information
 Table 86. Hyosung Advancedmaterials 24K Carbon Fiber Specification and Application
 Table 87. Hyosung Advancedmaterials 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 88. Hyosung Advancedmaterials Main Business and Markets Served
 Table 89. Hyosung Advancedmaterials Recent Developments/Updates
 Table 90. Taekwang Industrial 24K Carbon Fiber Company Information
 Table 91. Taekwang Industrial 24K Carbon Fiber Specification and Application
 Table 92. Taekwang Industrial 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 93. Taekwang Industrial Main Business and Markets Served
 Table 94. Taekwang Industrial Recent Developments/Updates
 Table 95. Foemosa M 24K Carbon Fiber Company Information
 Table 96. Foemosa M 24K Carbon Fiber Specification and Application
 Table 97. Foemosa M 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 98. Foemosa M Main Business and Markets Served
 Table 99. Foemosa M Recent Developments/Updates
 Table 100. Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Company Information
 Table 101. Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Specification and Application
 Table 102. Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 103. Sinopec Shanghai Petrochemical Company Main Business and Markets Served
 Table 104. Sinopec Shanghai Petrochemical Company Recent Developments/Updates
 Table 105. Formosa Plastic Group 24K Carbon Fiber Company Information
 Table 106. Formosa Plastic Group 24K Carbon Fiber Specification and Application
 Table 107. Formosa Plastic Group 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 108. Formosa Plastic Group Main Business and Markets Served
 Table 109. Formosa Plastic Group Recent Developments/Updates
 Table 110. Jilin Chemical Fiber Group 24K Carbon Fiber Company Information
 Table 111. Jilin Chemical Fiber Group 24K Carbon Fiber Specification and Application
 Table 112. Jilin Chemical Fiber Group 24K Carbon Fiber Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 113. Jilin Chemical Fiber Group Main Business and Markets Served
 Table 114. Jilin Chemical Fiber Group Recent Developments/Updates
 Table 115. Key Raw Materials Lists
 Table 116. Raw Materials Key Suppliers Lists
 Table 117. 24K Carbon Fiber Distributors List
 Table 118. 24K Carbon Fiber Customers List
 Table 119. 24K Carbon Fiber Market Trends
 Table 120. 24K Carbon Fiber Market Drivers
 Table 121. 24K Carbon Fiber Market Challenges
 Table 122. 24K Carbon Fiber Market Restraints
 Table 123. Research Programs/Design for This Report
 Table 124. Key Data Information from Secondary Sources
 Table 125. Key Data Information from Primary Sources
 Table 126. Authors List of This Report


List of Figures
 Figure 1. Product Picture of 24K Carbon Fiber
 Figure 2. Global 24K Carbon Fiber Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global 24K Carbon Fiber Market Share by Type: 2024 VS 2031
 Figure 4. PAN Based Carbon Fiber Product Picture
 Figure 5. Pitch-Based Carbon Fiber Product Picture
 Figure 6. Others Product Picture
 Figure 7. Global 24K Carbon Fiber Market Value by Application, (US$ Million) & (2020-2031)
 Figure 8. Global 24K Carbon Fiber Market Share by Application: 2024 VS 2031
 Figure 9. Automotives
 Figure 10. Ship
 Figure 11. Wind Energy
 Figure 12. Machinery
 Figure 13. Construction
 Figure 14. Consumer Electronics
 Figure 15. Aerospace and Military
 Figure 16. Scientific Research
 Figure 17. Others
 Figure 18. Global 24K Carbon Fiber Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 19. Global 24K Carbon Fiber Production Value (US$ Million) & (2020-2031)
 Figure 20. Global 24K Carbon Fiber Production Capacity (Tons) & (2020-2031)
 Figure 21. Global 24K Carbon Fiber Production (Tons) & (2020-2031)
 Figure 22. Global 24K Carbon Fiber Average Price (US$/Ton) & (2020-2031)
 Figure 23. 24K Carbon Fiber Report Years Considered
 Figure 24. 24K Carbon Fiber Production Share by Manufacturers in 2024
 Figure 25. Global 24K Carbon Fiber Production Value Share by Manufacturers (2024)
 Figure 26. 24K Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 27. The Global 5 and 10 Largest Players: Market Share by 24K Carbon Fiber Revenue in 2024
 Figure 28. Global 24K Carbon Fiber Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 29. Global 24K Carbon Fiber Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 30. Global 24K Carbon Fiber Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)
 Figure 31. Global 24K Carbon Fiber Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 32. North America 24K Carbon Fiber Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 33. Europe 24K Carbon Fiber Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 34. China 24K Carbon Fiber Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 35. Japan 24K Carbon Fiber Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 36. Global 24K Carbon Fiber Consumption by Region: 2020 VS 2024 VS 2031 (Tons)
 Figure 37. Global 24K Carbon Fiber Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 38. North America 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 39. North America 24K Carbon Fiber Consumption Market Share by Country (2020-2031)
 Figure 40. U.S. 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 41. Canada 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 42. Europe 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 43. Europe 24K Carbon Fiber Consumption Market Share by Country (2020-2031)
 Figure 44. Germany 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 45. France 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 46. U.K. 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 47. Italy 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 48. Russia 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 49. Asia Pacific 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 50. Asia Pacific 24K Carbon Fiber Consumption Market Share by Region (2020-2031)
 Figure 51. China 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 52. Japan 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 53. South Korea 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 54. China Taiwan 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 55. Southeast Asia 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 56. India 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 57. Latin America, Middle East & Africa 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 58. Latin America, Middle East & Africa 24K Carbon Fiber Consumption Market Share by Country (2020-2031)
 Figure 59. Mexico 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 60. Brazil 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 61. Turkey 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 62. GCC Countries 24K Carbon Fiber Consumption and Growth Rate (2020-2031) & (Tons)
 Figure 63. Global Production Market Share of 24K Carbon Fiber by Type (2020-2031)
 Figure 64. Global Production Value Market Share of 24K Carbon Fiber by Type (2020-2031)
 Figure 65. Global 24K Carbon Fiber Price (US$/Ton) by Type (2020-2031)
 Figure 66. Global Production Market Share of 24K Carbon Fiber by Application (2020-2031)
 Figure 67. Global Production Value Market Share of 24K Carbon Fiber by Application (2020-2031)
 Figure 68. Global 24K Carbon Fiber Price (US$/Ton) by Application (2020-2031)
 Figure 69. 24K Carbon Fiber Value Chain
 Figure 70. Channels of Distribution (Direct Vs Distribution)
 Figure 71. Bottom-up and Top-down Approaches for This Report
 Figure 72. Data Triangulation

Description

The global market for 24K Carbon Fiber was valued at US$ 323 million in the year 2024 and is projected to reach a revised size of US$ 502 million by 2031, growing at a CAGR of 6.6% during the forecast period.

24K carbon fiber is created by twisting twenty-four 1K carbon fibers together. This grade of carbon fiber is the strongest available, and is used in applications that require exceptional strength and durability, such as in spacecraft or high-performance race cars.

North American market for 24K Carbon Fiber is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for 24K Carbon Fiber is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Market Segmentation

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