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Home > Reports > Chemical & Material > Global 24K Carbon Fiber Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Global 24K Carbon Fiber Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

Industry: Chemical & Material

Published: 2025-03-10

Pages: 79 Pages

Report ld: 4521868

Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description
Table of Contents
Table of Figures
Related Reports
PDF Download

Description

The global 24K Carbon Fiber market size was US$ 323 million in 2024 and is forecast to a readjusted size of US$ 502 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031. 
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

The North America 24K Carbon Fiber market size was US$ million in 2024, while Europe was US$ million. The proportion of the North America was % in 2024, while Europe percentage was %, and it is predicted that Europe share will reach % in 2031, trailing a CAGR of % through the analysis period.

The global key 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 global top five players occupied for a share approximately % in terms of revenue.

In North America, in terms of sales volume, in 2024, the top three players hold a share about %, while in Europe, top three players hold a share nearly %.

The global 24K Carbon Fiber market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.

Market Segmentation

Report Metric
Details
Report Title
Global 24K Carbon Fiber Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
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: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of 24K Carbon Fiber market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Pitch-Based Carbon Fiber in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Ship in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.  
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?  
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the 24K Carbon Fiber value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

Table of Contents

1 Market Overview
    1.1 24K Carbon Fiber Product Scope
    1.2 24K Carbon Fiber by Type
        1.2.1 Global 24K Carbon Fiber Sales by Type (2020 & 2024 & 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 Sales Comparison by Application (2020 & 2024 & 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 24K Carbon Fiber Market Estimates and Forecasts (2020-2031)
        1.4.1 Global 24K Carbon Fiber Market Size in Value Growth Rate (2020-2031)
        1.4.2 Global 24K Carbon Fiber Market Size in Volume Growth Rate (2020-2031)
        1.4.3 Global 24K Carbon Fiber Price Trends (2020-2031)
    1.5 Assumptions and Limitations

2 Market Size and Prospective by Region
    2.1 Global 24K Carbon Fiber Market Size by Region: 2020 VS 2024 VS 2031
    2.2 Global 24K Carbon Fiber Retrospective Market Scenario by Region (2020-2025)
        2.2.1 Global 24K Carbon Fiber Sales Market Share by Region (2020-2025)
        2.2.2 Global 24K Carbon Fiber Revenue Market Share by Region (2020-2025)
    2.3 Global 24K Carbon Fiber Market Estimates and Forecasts by Region (2026-2031)
        2.3.1 Global 24K Carbon Fiber Sales Estimates and Forecasts by Region (2026-2031)
        2.3.2 Global 24K Carbon Fiber Revenue Forecast by Region (2026-2031)
    2.4 Major Region and Emerging Market Analysis
        2.4.1 North America 24K Carbon Fiber Market Size and Prospective (2020-2031)
        2.4.2 Europe 24K Carbon Fiber Market Size and Prospective (2020-2031)
        2.4.3 China 24K Carbon Fiber Market Size and Prospective (2020-2031)
        2.4.4 Japan 24K Carbon Fiber Market Size and Prospective (2020-2031)

3 Global Market Size by Type
    3.1 Global 24K Carbon Fiber Historic Market Review by Type (2020-2025)
        3.1.1 Global 24K Carbon Fiber Sales by Type (2020-2025)
        3.1.2 Global 24K Carbon Fiber Revenue by Type (2020-2025)
        3.1.3 Global 24K Carbon Fiber Price by Type (2020-2025)
    3.2 Global 24K Carbon Fiber Market Estimates and Forecasts by Type (2026-2031)
        3.2.1 Global 24K Carbon Fiber Sales Forecast by Type (2026-2031)
        3.2.2 Global 24K Carbon Fiber Revenue Forecast by Type (2026-2031)
        3.2.3 Global 24K Carbon Fiber Price Forecast by Type (2026-2031)
    3.3 Different Types 24K Carbon Fiber Representative Players

4 Global Market Size by Application
    4.1 Global 24K Carbon Fiber Historic Market Review by Application (2020-2025)
        4.1.1 Global 24K Carbon Fiber Sales by Application (2020-2025)
        4.1.2 Global 24K Carbon Fiber Revenue by Application (2020-2025)
        4.1.3 Global 24K Carbon Fiber Price by Application (2020-2025)
    4.2 Global 24K Carbon Fiber Market Estimates and Forecasts by Application (2026-2031)
        4.2.1 Global 24K Carbon Fiber Sales Forecast by Application (2026-2031)
        4.2.2 Global 24K Carbon Fiber Revenue Forecast by Application (2026-2031)
        4.2.3 Global 24K Carbon Fiber Price Forecast by Application (2026-2031)
    4.3 New Sources of Growth in 24K Carbon Fiber Application

5 Competition Landscape by Players
    5.1 Global 24K Carbon Fiber Sales by Players (2020-2025)
    5.2 Global Top 24K Carbon Fiber Players by Revenue (2020-2025)
    5.3 Global 24K Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in 24K Carbon Fiber as of 2024)
    5.4 Global 24K Carbon Fiber Average Price by Company (2020-2025)
    5.5 Global Key Manufacturers of 24K Carbon Fiber, Manufacturing Sites & Headquarters
    5.6 Global Key Manufacturers of 24K Carbon Fiber, Product Type & Application
    5.7 Global Key Manufacturers of 24K Carbon Fiber, Date of Enter into This Industry
    5.8 Manufacturers Mergers & Acquisitions, Expansion Plans

6 Region Analysis
    6.1 North America Market: Players, Segments, Downstream and Major Customers
        6.1.1 North America 24K Carbon Fiber Sales by Company
            6.1.1.1 North America 24K Carbon Fiber Sales by Company (2020-2025)
            6.1.1.2 North America 24K Carbon Fiber Revenue by Company (2020-2025)
        6.1.2 North America 24K Carbon Fiber Sales Breakdown by Type (2020-2025)
        6.1.3 North America 24K Carbon Fiber Sales Breakdown by Application (2020-2025)
        6.1.4 North America 24K Carbon Fiber Major Customer
        6.1.5 North America Market Trend and Opportunities
    6.2 Europe Market: Players, Segments, Downstream and Major Customers
        6.2.1 Europe 24K Carbon Fiber Sales by Company
            6.2.1.1 Europe 24K Carbon Fiber Sales by Company (2020-2025)
            6.2.1.2 Europe 24K Carbon Fiber Revenue by Company (2020-2025)
        6.2.2 Europe 24K Carbon Fiber Sales Breakdown by Type (2020-2025)
        6.2.3 Europe 24K Carbon Fiber Sales Breakdown by Application (2020-2025)
        6.2.4 Europe 24K Carbon Fiber Major Customer
        6.2.5 Europe Market Trend and Opportunities
    6.3 China Market: Players, Segments, Downstream and Major Customers
        6.3.1 China 24K Carbon Fiber Sales by Company
            6.3.1.1 China 24K Carbon Fiber Sales by Company (2020-2025)
            6.3.1.2 China 24K Carbon Fiber Revenue by Company (2020-2025)
        6.3.2 China 24K Carbon Fiber Sales Breakdown by Type (2020-2025)
        6.3.3 China 24K Carbon Fiber Sales Breakdown by Application (2020-2025)
        6.3.4 China 24K Carbon Fiber Major Customer
        6.3.5 China Market Trend and Opportunities
    6.4 Japan Market: Players, Segments, Downstream and Major Customers
        6.4.1 Japan 24K Carbon Fiber Sales by Company
            6.4.1.1 Japan 24K Carbon Fiber Sales by Company (2020-2025)
            6.4.1.2 Japan 24K Carbon Fiber Revenue by Company (2020-2025)
        6.4.2 Japan 24K Carbon Fiber Sales Breakdown by Type (2020-2025)
        6.4.3 Japan 24K Carbon Fiber Sales Breakdown by Application (2020-2025)
        6.4.4 Japan 24K Carbon Fiber Major Customer
        6.4.5 Japan Market Trend and Opportunities

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

8 24K Carbon Fiber Manufacturing Cost Analysis
    8.1 24K Carbon Fiber Key Raw Materials Analysis
        8.1.1 Key Raw Materials
        8.1.2 Key Suppliers of Raw Materials
    8.2 Proportion of Manufacturing Cost Structure
    8.3 Manufacturing Process Analysis of 24K Carbon Fiber
    8.4 24K Carbon Fiber Industrial Chain Analysis

9 Marketing Channel, Distributors and Customers
    9.1 Marketing Channel
    9.2 24K Carbon Fiber Distributors List
    9.3 24K Carbon Fiber Customers

10 24K Carbon Fiber Market Dynamics
    10.1 24K Carbon Fiber Industry Trends
    10.2 24K Carbon Fiber Market Drivers
    10.3 24K Carbon Fiber Market Challenges
    10.4 24K Carbon Fiber Market Restraints

11 Research Findings and Conclusion

12 Appendix
    12.1 Research Methodology
        12.1.1 Methodology/Research Approach
            12.1.1.1 Research Programs/Design
            12.1.1.2 Market Size Estimation
            12.1.1.3 Market Breakdown and Data Triangulation
        12.1.2 Data Source
            12.1.2.1 Secondary Sources
            12.1.2.2 Primary Sources
    12.2 Author Details
    12.3 Disclaimer

Table of Figures

List of Tables
 Table 1. Global 24K Carbon Fiber Sales (US$ Million) Growth Rate by Type (2020 & 2024 & 2031)
 Table 2. Global 24K Carbon Fiber Sales (US$ Million) Comparison by Application (2020 & 2024 & 2031)
 Table 3. Global Market 24K Carbon Fiber Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Table 4. Global 24K Carbon Fiber Sales (Tons) by Region (2020-2025)
 Table 5. Global 24K Carbon Fiber Sales Market Share by Region (2020-2025)
 Table 6. Global 24K Carbon Fiber Revenue (US$ Million) Market Share by Region (2020-2025)
 Table 7. Global 24K Carbon Fiber Revenue Share by Region (2020-2025)
 Table 8. Global 24K Carbon Fiber Sales (Tons) Forecast by Region (2026-2031)
 Table 9. Global 24K Carbon Fiber Sales Market Share Forecast by Region (2026-2031)
 Table 10. Global 24K Carbon Fiber Revenue (US$ Million) Forecast by Region (2026-2031)
 Table 11. Global 24K Carbon Fiber Revenue Share Forecast by Region (2026-2031)
 Table 12. Global 24K Carbon Fiber Sales by Type (Tons) & (2020-2025)
 Table 13. Global 24K Carbon Fiber Sales Share by Type (2020-2025)
 Table 14. Global 24K Carbon Fiber Revenue by Type (US$ Million) & (2020-2025)
 Table 15. Global 24K Carbon Fiber Price by Type (US$/Ton) & (2020-2025)
 Table 16. Global 24K Carbon Fiber Sales by Type (Tons) & (2026-2031)
 Table 17. Global 24K Carbon Fiber Revenue by Type (US$ Million) & (2026-2031)
 Table 18. Global 24K Carbon Fiber Price by Type (US$/Ton) & (2026-2031)
 Table 19. Representative Players of Each Type
 Table 20. Global 24K Carbon Fiber Sales by Application (Tons) & (2020-2025)
 Table 21. Global 24K Carbon Fiber Sales Share by Application (2020-2025)
 Table 22. Global 24K Carbon Fiber Revenue by Application (US$ Million) & (2020-2025)
 Table 23. Global 24K Carbon Fiber Price by Application (US$/Ton) & (2020-2025)
 Table 24. Global 24K Carbon Fiber Sales by Application (Tons) & (2026-2031)
 Table 25. Global 24K Carbon Fiber Revenue Market Share by Application (US$ Million) & (2026-2031)
 Table 26. Global 24K Carbon Fiber Price by Application (US$/Ton) & (2026-2031)
 Table 27. New Sources of Growth in 24K Carbon Fiber Application
 Table 28. Global 24K Carbon Fiber Sales by Company (Tons) & (2020-2025)
 Table 29. Global 24K Carbon Fiber Sales Share by Company (2020-2025)
 Table 30. Global 24K Carbon Fiber Revenue by Company (US$ Million) & (2020-2025)
 Table 31. Global 24K Carbon Fiber Revenue Share by Company (2020-2025)
 Table 32. Global 24K Carbon Fiber by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in 24K Carbon Fiber as of 2024)
 Table 33. Global Market 24K Carbon Fiber Average Price by Company (US$/Ton) & (2020-2025)
 Table 34. Global Key Manufacturers of 24K Carbon Fiber, Manufacturing Sites & Headquarters
 Table 35. Global Key Manufacturers of 24K Carbon Fiber, Product Type & Application
 Table 36. Global Key Manufacturers of 24K Carbon Fiber, Date of Enter into This Industry
 Table 37. Manufacturers Mergers & Acquisitions, Expansion Plans
 Table 38. North America 24K Carbon Fiber Sales by Company (2020-2025) & (Tons)
 Table 39. North America 24K Carbon Fiber Sales Market Share by Company (2020-2025)
 Table 40. North America 24K Carbon Fiber Revenue by Company (2020-2025) & (US$ Million)
 Table 41. North America 24K Carbon Fiber Revenue Market Share by Company (2020-2025)
 Table 42. North America 24K Carbon Fiber Sales by Type (2020-2025) & (Tons)
 Table 43. North America 24K Carbon Fiber Sales Market Share by Type (2020-2025)
 Table 44. North America 24K Carbon Fiber Sales by Application (2020-2025) & (Tons)
 Table 45. North America 24K Carbon Fiber Sales Market Share by Application (2020-2025)
 Table 46. Europe 24K Carbon Fiber Sales by Company (2020-2025) & (Tons)
 Table 47. Europe 24K Carbon Fiber Sales Market Share by Company (2020-2025)
 Table 48. Europe 24K Carbon Fiber Revenue by Company (2020-2025) & (US$ Million)
 Table 49. Europe 24K Carbon Fiber Revenue Market Share by Company (2020-2025)
 Table 50. Europe 24K Carbon Fiber Sales by Type (2020-2025) & (Tons)
 Table 51. Europe 24K Carbon Fiber Sales Market Share by Type (2020-2025)
 Table 52. Europe 24K Carbon Fiber Sales by Application (2020-2025) & (Tons)
 Table 53. Europe 24K Carbon Fiber Sales Market Share by Application (2020-2025)
 Table 54. China 24K Carbon Fiber Sales by Company (2020-2025) & (Tons)
 Table 55. China 24K Carbon Fiber Sales Market Share by Company (2020-2025)
 Table 56. China 24K Carbon Fiber Revenue by Company (2020-2025) & (US$ Million)
 Table 57. China 24K Carbon Fiber Revenue Market Share by Company (2020-2025)
 Table 58. China 24K Carbon Fiber Sales by Type (2020-2025) & (Tons)
 Table 59. China 24K Carbon Fiber Sales Market Share by Type (2020-2025)
 Table 60. China 24K Carbon Fiber Sales by Application (2020-2025) & (Tons)
 Table 61. China 24K Carbon Fiber Sales Market Share by Application (2020-2025)
 Table 62. Japan 24K Carbon Fiber Sales by Company (2020-2025) & (Tons)
 Table 63. Japan 24K Carbon Fiber Sales Market Share by Company (2020-2025)
 Table 64. Japan 24K Carbon Fiber Revenue by Company (2020-2025) & (US$ Million)
 Table 65. Japan 24K Carbon Fiber Revenue Market Share by Company (2020-2025)
 Table 66. Japan 24K Carbon Fiber Sales by Type (2020-2025) & (Tons)
 Table 67. Japan 24K Carbon Fiber Sales Market Share by Type (2020-2025)
 Table 68. Japan 24K Carbon Fiber Sales by Application (2020-2025) & (Tons)
 Table 69. Japan 24K Carbon Fiber Sales Market Share by Application (2020-2025)
 Table 70. Hexcel Company Information
 Table 71. Hexcel Description and Business Overview
 Table 72. Hexcel 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 73. Hexcel 24K Carbon Fiber Product
 Table 74. Hexcel Recent Development
 Table 75. Toray Composite Materials Company Information
 Table 76. Toray Composite Materials Description and Business Overview
 Table 77. Toray Composite Materials 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 78. Toray Composite Materials 24K Carbon Fiber Product
 Table 79. Toray Composite Materials Recent Development
 Table 80. Mitsubishi Chemical Company Information
 Table 81. Mitsubishi Chemical Description and Business Overview
 Table 82. Mitsubishi Chemical 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 83. Mitsubishi Chemical 24K Carbon Fiber Product
 Table 84. Mitsubishi Chemical Recent Development
 Table 85. Teijin Carbon Company Information
 Table 86. Teijin Carbon Description and Business Overview
 Table 87. Teijin Carbon 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 88. Teijin Carbon 24K Carbon Fiber Product
 Table 89. Teijin Carbon Recent Development
 Table 90. Hyosung Advancedmaterials Company Information
 Table 91. Hyosung Advancedmaterials Description and Business Overview
 Table 92. Hyosung Advancedmaterials 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 93. Hyosung Advancedmaterials 24K Carbon Fiber Product
 Table 94. Hyosung Advancedmaterials Recent Development
 Table 95. Taekwang Industrial Company Information
 Table 96. Taekwang Industrial Description and Business Overview
 Table 97. Taekwang Industrial 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 98. Taekwang Industrial 24K Carbon Fiber Product
 Table 99. Taekwang Industrial Recent Development
 Table 100. Foemosa M Company Information
 Table 101. Foemosa M Description and Business Overview
 Table 102. Foemosa M 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 103. Foemosa M 24K Carbon Fiber Product
 Table 104. Foemosa M Recent Development
 Table 105. Sinopec Shanghai Petrochemical Company Company Information
 Table 106. Sinopec Shanghai Petrochemical Company Description and Business Overview
 Table 107. Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 108. Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Product
 Table 109. Sinopec Shanghai Petrochemical Company Recent Development
 Table 110. Formosa Plastic Group Company Information
 Table 111. Formosa Plastic Group Description and Business Overview
 Table 112. Formosa Plastic Group 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 113. Formosa Plastic Group 24K Carbon Fiber Product
 Table 114. Formosa Plastic Group Recent Development
 Table 115. Jilin Chemical Fiber Group Company Information
 Table 116. Jilin Chemical Fiber Group Description and Business Overview
 Table 117. Jilin Chemical Fiber Group 24K Carbon Fiber Sales (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 118. Jilin Chemical Fiber Group 24K Carbon Fiber Product
 Table 119. Jilin Chemical Fiber Group Recent Development
 Table 120. Production Base and Market Concentration Rate of Raw Material
 Table 121. Key Suppliers of Raw Materials
 Table 122. 24K Carbon Fiber Distributors List
 Table 123. 24K Carbon Fiber Customers List
 Table 124. 24K Carbon Fiber Market Trends
 Table 125. 24K Carbon Fiber Market Drivers
 Table 126. 24K Carbon Fiber Market Challenges
 Table 127. 24K Carbon Fiber Market Restraints
 Table 128. Research Programs/Design for This Report
 Table 129. Key Data Information from Secondary Sources
 Table 130. Key Data Information from Primary Sources


List of Figures
 Figure 1. 24K Carbon Fiber Product Picture
 Figure 2. Global 24K Carbon Fiber Sales (US$ Million) by Type (2020 & 2024 & 2031)
 Figure 3. Global 24K Carbon Fiber Sales Market Share by Type in 2024 & 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 Sales (US$ Million) by Application (2020 & 2024 & 2031)
 Figure 8. Global 24K Carbon Fiber Sales Market Share by Application in 2024 & 2031
 Figure 9. Automotives Examples
 Figure 10. Ship Examples
 Figure 11. Wind Energy Examples
 Figure 12. Machinery Examples
 Figure 13. Construction Examples
 Figure 14. Consumer Electronics Examples
 Figure 15. Aerospace and Military Examples
 Figure 16. Scientific Research Examples
 Figure 17. Others Examples
 Figure 18. Global 24K Carbon Fiber Sales, (US$ Million), 2020 VS 2024 VS 2031
 Figure 19. Global 24K Carbon Fiber Sales Growth Rate (2020-2031) & (US$ Million)
 Figure 20. Global 24K Carbon Fiber Sales (Tons) Growth Rate (2020-2031)
 Figure 21. Global 24K Carbon Fiber Price Trends Growth Rate (2020-2031) & (US$/Ton)
 Figure 22. 24K Carbon Fiber Report Years Considered
 Figure 23. Global Market 24K Carbon Fiber Market Size (US$ Million) by Region:2020 VS 2024 VS 2031
 Figure 24. Global 24K Carbon Fiber Revenue Market Share by Region: 2020 VS 2024
 Figure 25. North America 24K Carbon Fiber Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 26. North America 24K Carbon Fiber Sales (Tons) Growth Rate (2020-2031)
 Figure 27. Europe 24K Carbon Fiber Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 28. Europe 24K Carbon Fiber Sales (Tons) Growth Rate (2020-2031)
 Figure 29. China 24K Carbon Fiber Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 30. China 24K Carbon Fiber Sales (Tons) Growth Rate (2020-2031)
 Figure 31. Japan 24K Carbon Fiber Revenue (US$ Million) Growth Rate (2020-2031)
 Figure 32. Japan 24K Carbon Fiber Sales (Tons) Growth Rate (2020-2031)
 Figure 33. Global 24K Carbon Fiber Revenue Share by Type (2020-2025)
 Figure 34. Global 24K Carbon Fiber Sales Share by Type (2026-2031)
 Figure 35. Global 24K Carbon Fiber Revenue Share by Type (2026-2031)
 Figure 36. Global 24K Carbon Fiber Revenue Share by Application (2020-2025)
 Figure 37. Global 24K Carbon Fiber Revenue Growth Rate by Application in 2020 & 2024
 Figure 38. Global 24K Carbon Fiber Sales Share by Application (2026-2031)
 Figure 39. Global 24K Carbon Fiber Revenue Share by Application (2026-2031)
 Figure 40. Global 24K Carbon Fiber Sales Share by Company (2024)
 Figure 41. Global 24K Carbon Fiber Revenue Share by Company (2024)
 Figure 42. Global 5 Largest 24K Carbon Fiber Players Market Share by Revenue in 24K Carbon Fiber: 2020 & 2024
 Figure 43. 24K Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 44. Manufacturing Cost Structure of 24K Carbon Fiber
 Figure 45. Manufacturing Process Analysis of 24K Carbon Fiber
 Figure 46. 24K Carbon Fiber Industrial Chain
 Figure 47. Channels of Distribution (Direct Vs Distribution)
 Figure 48. Distributors Profiles
 Figure 49. Bottom-up and Top-down Approaches for This Report
 Figure 50. Data Triangulation
 Figure 51. Key Executives Interviewed

Description

The global 24K Carbon Fiber market size was US$ 323 million in 2024 and is forecast to a readjusted size of US$ 502 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031. 
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.

The North America 24K Carbon Fiber market size was US$ million in 2024, while Europe was US$ million. The proportion of the North America was % in 2024, while Europe percentage was %, and it is predicted that Europe share will reach % in 2031, trailing a CAGR of % through the analysis period.

The global key 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 global top five players occupied for a share approximately % in terms of revenue.

In North America, in terms of sales volume, in 2024, the top three players hold a share about %, while in Europe, top three players hold a share nearly %.

The global 24K Carbon Fiber market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.

Market Segmentation

Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of 24K Carbon Fiber market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Pitch-Based Carbon Fiber in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Ship in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.  
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?  
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the 24K Carbon Fiber value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

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