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Home > Reports > Chemical & Material > Global Carbon Fiber Market Insights, Forecast to 2031

Global Carbon Fiber Market Insights, Forecast to 2031

Industry: Chemical & Material

Published: 2025-04-03

Pages: 174 Pages

Report ld: 4698344

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 Carbon Fiber market is projected to grow from US$ 3665 million in 2025 to US$ 7764 million by 2031, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.

Carbon fiber is a strong, lightweight material made primarily of carbon atoms that are bonded together in a crystalline structure. It is produced by heating polyacrylonitrile (PAN) or other precursor materials to high temperatures in a process called pyrolysis. The carbon atoms are aligned in long, thin strands, giving carbon fiber its exceptional strength-to-weight ratio, stiffness, and resistance to heat and corrosion. Carbon fiber is widely used in various industries, including aerospace, automotive, sports equipment, and renewable energy, due to its superior properties compared to traditional materials like steel and aluminum.

Carbon Fiber Market Size(US$)

M= millions and B=billions

The global carbon fiber capacity is expected to continue growing as industries increasingly recognize the material’s advantages in terms of strength, weight, and sustainability. However, challenges remain, such as high production costs and the need for new manufacturing technologies. In the future, innovations in recycling and reusing carbon fiber are likely to further drive the expansion of the market, making carbon fiber more cost-effective and sustainable. Producers like Toray, SGL Carbon, Mitsubishi Chemical and some new companies in China are actively to invest in new capacity.

Market Drivers:
Growing Demand for Lightweight Materials: The automotive, aerospace, and sports industries are increasingly adopting carbon fiber due to its high strength-to-weight ratio. It helps improve fuel efficiency in vehicles and aircraft, which is driving its demand.

Environmental Benefits: Carbon fiber components contribute to reducing the carbon footprint of vehicles and industrial machinery by enabling lighter designs, which consume less energy.

Advancements in Manufacturing Technologies: The development of cost-effective manufacturing processes, such as automated fiber placement and 3D printing, is helping reduce production costs and make carbon fiber more accessible for mass production.

Increasing Adoption in Renewable Energy: Carbon fiber is being used in wind turbine blades, where its strength and lightness help improve the efficiency of renewable energy systems. This contributes to the growth of carbon fiber demand in the energy sector.

Aerospace and Defense Sector: The demand for advanced materials in military and commercial aerospace applications continues to drive market growth. Carbon fiber's use in fuselages, wings, and other critical components is growing due to its superior performance characteristics.

High-Performance Sports Equipment: The demand for high-quality sporting goods such as bicycles, golf clubs, tennis rackets, and skis is driving the adoption of carbon fiber.

In terms of production side, this report researches the Carbon Fiber production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.

In terms of consumption side, this report focuses on the sales of Carbon Fiber by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.

This report presents an overview of global market for Carbon Fiber, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Carbon Fiber, also provides the consumption of main regions and countries. of the upcoming market potential for Carbon Fiber, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Carbon Fiber sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Carbon Fiber market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Carbon Fiber sales, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Toray, MCCFC, Teijin, Hexcel, Hyosung Advanced Materials, SGL Carbon, Formosa Plastics, DowAksa, Syensqo, UMATEX, etc.

Market Segmentation

Report Metric
Details
Report Title
Global Carbon Fiber Market Insights, Forecast to 2031
Forecasted Market Size in 2031
US$ 7764 million
CAGR(2025-2031)
13.3%
Market Size Available for Years
2025-2031
Global Carbon Fiber Companies Covered
Toray
MCCFC
Teijin
Hexcel
Hyosung Advanced Materials
SGL Carbon
Formosa Plastics
DowAksa
Syensqo
UMATEX
Taekwang Industrial
Zhongfu Shenying
Jilin Chemical Fiber
Baowu Carbon
Weihai Guangwei Composites
Sinofibers Technology
Jiangsu Hengshen
Newtech Group
Global 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 Carbon Fiber Market, Segment by Type
Regular-Tow Carbon Fiber
Large-Tow Carbon Fiber
Global Carbon Fiber Market, Segment by Application
Wind Energy
Sports/Leisure
Aerospace and Defense
Pressure Vessel
Automotive
Other
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 Type and 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: Carbon Fiber production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Carbon Fiber in global, 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 of each country in the world.
Chapter 4: Detailed analysis of Carbon Fiber manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, 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 sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Carbon Fiber sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: 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 15: The main points and conclusions of the report.

Table of Contents

1 Study Coverage
    1.1 Carbon Fiber Product Introduction
    1.2 Market by Type
        1.2.1 Global Carbon Fiber Market Size by Type, 2020 VS 2024 VS 2031
        1.2.2 Regular-Tow Carbon Fiber
        1.2.3 Large-Tow Carbon Fiber
    1.3 Market by Application
        1.3.1 Global Carbon Fiber Market Size by Application, 2020 VS 2024 VS 2031
        1.3.2 Wind Energy
        1.3.3 Sports/Leisure
        1.3.4 Aerospace and Defense
        1.3.5 Pressure Vessel
        1.3.6 Automotive
        1.3.7 Other
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

2 Global Carbon Fiber Production
    2.1 Global Carbon Fiber Production Capacity (2020-2031)
    2.2 Global Carbon Fiber Production by Region: 2020 VS 2024 VS 2031
    2.3 Global Production by Region
        2.3.1 Global Carbon Fiber Production by Region (2020-2031)
        2.3.2 Global Carbon Fiber Production Market Share by Region (2020-2031)
    2.4 North America
    2.5 Europe
    2.6 China
    2.7 Japan
    2.8 South Korea

3 Executive Summary
    3.1 Global Carbon Fiber Revenue Estimates and Forecasts 2020-2031
    3.2 Global Revenue by Region
        3.2.1 Global Carbon Fiber Revenue by Region: 2020 VS 2024 VS 2031
        3.2.2 Global Carbon Fiber Revenue by Region (2020-2031)
        3.2.3 Global Carbon Fiber Revenue Market Share by Region (2020-2031)
    3.3 Global Carbon Fiber Sales Estimates and Forecasts 2020-2031
    3.4 Global Sales by Region
        3.4.1 Global Carbon Fiber Sales by Region: 2020 VS 2024 VS 2031
        3.4.2 Global Carbon Fiber Sales by Region (2020-2031)
        3.4.3 Global Carbon Fiber Sales Market Share by Region (2020-2031)
    3.5 US & Canada
    3.6 Europe
    3.7 China
    3.8 Asia (excluding China)
    3.9 Middle East, Africa and Latin America

4 Competition by Manufacturers
    4.1 Global Sales by Manufacturers
        4.1.1 Global Carbon Fiber Sales by Manufacturers (2020-2025)
        4.1.2 Global Carbon Fiber Sales Market Share by Manufacturers (2020-2025)
        4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Carbon Fiber in 2024
    4.2 Global Revenue by Manufacturers
        4.2.1 Global Carbon Fiber Revenue by Manufacturers (2020-2025)
        4.2.2 Global Carbon Fiber Revenue Market Share by Manufacturers (2020-2025)
        4.2.3 Global Top 10 and Top 5 Companies by Carbon Fiber Revenue in 2024
    4.3 Global Carbon Fiber Sales Price by Manufacturers (2020-2025)
    4.4 Global Key Players of Carbon Fiber, Industry Ranking, 2023 VS 2024
    4.5 Analysis of Competitive Landscape
        4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
        4.5.2 Global Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.6 Global Key Manufacturers of Carbon Fiber, Manufacturing Base Distribution and Headquarters
    4.7 Global Key Manufacturers of Carbon Fiber, Product Offered and Application
    4.8 Global Key Manufacturers of Carbon Fiber, Date of Enter into This Industry
    4.9 Mergers & Acquisitions, Expansion Plans

5 Market Size by Type
    5.1 Global Sales by Type
        5.1.1 Global Carbon Fiber Historical Sales by Type (2020-2025)
        5.1.2 Global Carbon Fiber Forecasted Sales by Type (2026-2031)
        5.1.3 Global Carbon Fiber Sales Market Share by Type (2020-2031)
    5.2 Global Revenue by Type
        5.2.1 Global Carbon Fiber Historical Revenue by Type (2020-2025)
        5.2.2 Global Carbon Fiber Forecasted Revenue by Type (2026-2031)
        5.2.3 Global Carbon Fiber Revenue Market Share by Type (2020-2031)
    5.3 Global Price by Type
        5.3.1 Global Carbon Fiber Price by Type (2020-2025)
        5.3.2 Global Carbon Fiber Price Forecast by Type (2026-2031)

6 Market Size by Application
    6.1 Global Sales by Application
        6.1.1 Global Carbon Fiber Historical Sales by Application (2020-2025)
        6.1.2 Global Carbon Fiber Forecasted Sales by Application (2026-2031)
        6.1.3 Global Carbon Fiber Sales Market Share by Application (2020-2031)
    6.2 Global Revenue by Application
        6.2.1 Global Carbon Fiber Historical Revenue by Application (2020-2025)
        6.2.2 Global Carbon Fiber Forecasted Revenue by Application (2026-2031)
        6.2.3 Global Carbon Fiber Revenue Market Share by Application (2020-2031)
    6.3 Global Price by Application
        6.3.1 Global Carbon Fiber Price by Application (2020-2025)
        6.3.2 Global Carbon Fiber Price Forecast by Application (2026-2031)

7 US & Canada
    7.1 US & Canada Market Size by Type
        7.1.1 US & Canada Carbon Fiber Sales by Type (2020-2031)
        7.1.2 US & Canada Carbon Fiber Revenue by Type (2020-2031)
    7.2 US & Canada Market Size by Application
        7.2.1 US & Canada Carbon Fiber Sales by Application (2020-2031)
        7.2.2 US & Canada Carbon Fiber Revenue by Application (2020-2031)
    7.3 US & Canada Market Size by Country
        7.3.1 US & Canada Carbon Fiber Revenue by Country: 2020 VS 2024 VS 2031
        7.3.2 US & Canada Carbon Fiber Revenue by Country (2020-2031)
        7.3.3 US & Canada Carbon Fiber Sales by Country (2020-2031)
        7.3.4 US
        7.3.5 Canada

8 Europe
    8.1 Europe Market Size by Type
        8.1.1 Europe Carbon Fiber Sales by Type (2020-2031)
        8.1.2 Europe Carbon Fiber Revenue by Type (2020-2031)
    8.2 Europe Market Size by Application
        8.2.1 Europe Carbon Fiber Sales by Application (2020-2031)
        8.2.2 Europe Carbon Fiber Revenue by Application (2020-2031)
    8.3 Europe Market Size by Country
        8.3.1 Europe Carbon Fiber Revenue by Country: 2020 VS 2024 VS 2031
        8.3.2 Europe Carbon Fiber Sales by Country (2020-2031)
        8.3.3 Europe Carbon Fiber Revenue by Country (2020-2031)
        8.3.4 Germany
        8.3.5 France
        8.3.6 U.K.
        8.3.7 Italy
        8.3.8 Russia

9 China
    9.1 China Market Size by Type
        9.1.1 China Carbon Fiber Sales by Type (2020-2031)
        9.1.2 China Carbon Fiber Revenue by Type (2020-2031)
    9.2 China Market Size by Application
        9.2.1 China Carbon Fiber Sales by Application (2020-2031)
        9.2.2 China Carbon Fiber Revenue by Application (2020-2031)

10 Asia (excluding China)
    10.1 Asia Market Size by Type
        10.1.1 Asia Carbon Fiber Sales by Type (2020-2031)
        10.1.2 Asia Carbon Fiber Revenue by Type (2020-2031)
    10.2 Asia Market Size by Application
        10.2.1 Asia Carbon Fiber Sales by Application (2020-2031)
        10.2.2 Asia Carbon Fiber Revenue by Application (2020-2031)
    10.3 Asia Market Size by Region
        10.3.1 Asia Carbon Fiber Revenue by Region: 2020 VS 2024 VS 2031
        10.3.2 Asia Carbon Fiber Revenue by Region (2020-2031)
        10.3.3 Asia Carbon Fiber Sales by Region (2020-2031)
        10.3.4 Japan
        10.3.5 South Korea
        10.3.6 China Taiwan
        10.3.7 Southeast Asia
        10.3.8 India

11 Middle East, Africa and Latin America
    11.1 Middle East, Africa and Latin America Market Size by Type
        11.1.1 Middle East, Africa and Latin America Carbon Fiber Sales by Type (2020-2031)
        11.1.2 Middle East, Africa and Latin America Carbon Fiber Revenue by Type (2020-2031)
    11.2 Middle East, Africa and Latin America Market Size by Application
        11.2.1 Middle East, Africa and Latin America Carbon Fiber Sales by Application (2020-2031)
        11.2.2 Middle East, Africa and Latin America Carbon Fiber Revenue by Application (2020-2031)
    11.3 Middle East, Africa and Latin America Market Size by Country
        11.3.1 Middle East, Africa and Latin America Carbon Fiber Revenue by Country: 2020 VS 2024 VS 2031
        11.3.2 Middle East, Africa and Latin America Carbon Fiber Revenue by Country (2020-2031)
        11.3.3 Middle East, Africa and Latin America Carbon Fiber Sales by Country (2020-2031)
        11.3.4 Brazil
        11.3.5 Mexico
        11.3.6 Turkey
        11.3.7 Israel
        11.3.8 GCC Countries

12 Corporate Profile
    12.1 Toray
        12.1.1 Toray Corporation Information
        12.1.2 Toray Overview
        12.1.3 Toray Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.1.4 Toray Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.1.5 Toray Recent Developments
    12.2 MCCFC
        12.2.1 MCCFC Corporation Information
        12.2.2 MCCFC Overview
        12.2.3 MCCFC Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.2.4 MCCFC Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.2.5 MCCFC Recent Developments
    12.3 Teijin
        12.3.1 Teijin Corporation Information
        12.3.2 Teijin Overview
        12.3.3 Teijin Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.3.4 Teijin Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.3.5 Teijin Recent Developments
    12.4 Hexcel
        12.4.1 Hexcel Corporation Information
        12.4.2 Hexcel Overview
        12.4.3 Hexcel Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.4.4 Hexcel Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.4.5 Hexcel Recent Developments
    12.5 Hyosung Advanced Materials
        12.5.1 Hyosung Advanced Materials Corporation Information
        12.5.2 Hyosung Advanced Materials Overview
        12.5.3 Hyosung Advanced Materials Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.5.4 Hyosung Advanced Materials Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.5.5 Hyosung Advanced Materials Recent Developments
    12.6 SGL Carbon
        12.6.1 SGL Carbon Corporation Information
        12.6.2 SGL Carbon Overview
        12.6.3 SGL Carbon Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.6.4 SGL Carbon Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.6.5 SGL Carbon Recent Developments
    12.7 Formosa Plastics
        12.7.1 Formosa Plastics Corporation Information
        12.7.2 Formosa Plastics Overview
        12.7.3 Formosa Plastics Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.7.4 Formosa Plastics Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.7.5 Formosa Plastics Recent Developments
    12.8 DowAksa
        12.8.1 DowAksa Corporation Information
        12.8.2 DowAksa Overview
        12.8.3 DowAksa Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.8.4 DowAksa Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.8.5 DowAksa Recent Developments
    12.9 Syensqo
        12.9.1 Syensqo Corporation Information
        12.9.2 Syensqo Overview
        12.9.3 Syensqo Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.9.4 Syensqo Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.9.5 Syensqo Recent Developments
    12.10 UMATEX
        12.10.1 UMATEX Corporation Information
        12.10.2 UMATEX Overview
        12.10.3 UMATEX Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.10.4 UMATEX Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.10.5 UMATEX Recent Developments
    12.11 Taekwang Industrial
        12.11.1 Taekwang Industrial Corporation Information
        12.11.2 Taekwang Industrial Overview
        12.11.3 Taekwang Industrial Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.11.4 Taekwang Industrial Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.11.5 Taekwang Industrial Recent Developments
    12.12 Zhongfu Shenying
        12.12.1 Zhongfu Shenying Corporation Information
        12.12.2 Zhongfu Shenying Overview
        12.12.3 Zhongfu Shenying Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.12.4 Zhongfu Shenying Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.12.5 Zhongfu Shenying Recent Developments
    12.13 Jilin Chemical Fiber
        12.13.1 Jilin Chemical Fiber Corporation Information
        12.13.2 Jilin Chemical Fiber Overview
        12.13.3 Jilin Chemical Fiber Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.13.4 Jilin Chemical Fiber Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.13.5 Jilin Chemical Fiber Recent Developments
    12.14 Baowu Carbon
        12.14.1 Baowu Carbon Corporation Information
        12.14.2 Baowu Carbon Overview
        12.14.3 Baowu Carbon Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.14.4 Baowu Carbon Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.14.5 Baowu Carbon Recent Developments
    12.15 Weihai Guangwei Composites
        12.15.1 Weihai Guangwei Composites Corporation Information
        12.15.2 Weihai Guangwei Composites Overview
        12.15.3 Weihai Guangwei Composites Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.15.4 Weihai Guangwei Composites Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.15.5 Weihai Guangwei Composites Recent Developments
    12.16 Sinofibers Technology
        12.16.1 Sinofibers Technology Corporation Information
        12.16.2 Sinofibers Technology Overview
        12.16.3 Sinofibers Technology Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.16.4 Sinofibers Technology Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.16.5 Sinofibers Technology Recent Developments
    12.17 Jiangsu Hengshen
        12.17.1 Jiangsu Hengshen Corporation Information
        12.17.2 Jiangsu Hengshen Overview
        12.17.3 Jiangsu Hengshen Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.17.4 Jiangsu Hengshen Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.17.5 Jiangsu Hengshen Recent Developments
    12.18 Newtech Group
        12.18.1 Newtech Group Corporation Information
        12.18.2 Newtech Group Overview
        12.18.3 Newtech Group Carbon Fiber Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
        12.18.4 Newtech Group Carbon Fiber Product Model Numbers, Pictures, Descriptions and Specifications
        12.18.5 Newtech Group Recent Developments

13 Industry Chain and Sales Channels Analysis
    13.1 Carbon Fiber Industry Chain Analysis
    13.2 Carbon Fiber Key Raw Materials
        13.2.1 Key Raw Materials
        13.2.2 Raw Materials Key Suppliers
    13.3 Carbon Fiber Production Mode & Process
    13.4 Carbon Fiber Sales and Marketing
        13.4.1 Carbon Fiber Sales Channels
        13.4.2 Carbon Fiber Distributors
    13.5 Carbon Fiber Customers

14 Carbon Fiber Market Dynamics
    14.1 Carbon Fiber Industry Trends
    14.2 Carbon Fiber Market Drivers
    14.3 Carbon Fiber Market Challenges
    14.4 Carbon Fiber Market Restraints

15 Key Findings in the Global Carbon Fiber Study

16 Appendix
    16.1 Research Methodology
        16.1.1 Methodology/Research Approach
            16.1.1.1 Research Programs/Design
            16.1.1.2 Market Size Estimation
            16.1.1.3 Market Breakdown and Data Triangulation
        16.1.2 Data Source
            16.1.2.1 Secondary Sources
            16.1.2.2 Primary Sources
    16.2 Author Details

Table of Figures

List of Tables
 Table 1. Global Carbon Fiber Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Table 2. Key Manufacturers of Regular-Tow Carbon Fiber
 Table 3. Key Manufacturers of Large-Tow Carbon Fiber
 Table 4. Global Carbon Fiber Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Table 5. Global Carbon Fiber Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (Tons)
 Table 6. Global Production by Region (2020-2031) & (Tons)
 Table 7. Global Production Market Share by Region (2020-2031)
 Table 8. Global Carbon Fiber Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 9. Global Revenue by Region (2020-2031) & (US$ Million)
 Table 10. Global Revenue Market Share by Region (2020-2031)
 Table 11. Global Carbon Fiber Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (Tons)
 Table 12. Global Carbon Fiber Sales by Region (2020-2031) & (Tons)
 Table 13. Global Sales Market Share by Region (2020-2031)
 Table 14. Global Carbon Fiber Sales by Manufacturers (2020-2025) & (Tons)
 Table 15. Global Carbon Fiber Sales Share by Manufacturers (2020-2025)
 Table 16. Global Carbon Fiber Revenue by Manufacturers (2020-2025) & (US$ Million)
 Table 17. Global Carbon Fiber Revenue Market Share by Manufacturers (2020-2025)
 Table 18. Carbon Fiber Price by Manufacturers (2020-2025) & (USD/Kg)
 Table 19. Global Key Players of Carbon Fiber, Industry Ranking, 2023 VS 2024
 Table 20. Global Carbon Fiber Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 21. Global Carbon Fiber by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Carbon Fiber as of 2024)
 Table 22. Global Key Manufacturers of Carbon Fiber, Manufacturing Base Distribution and Headquarters
 Table 23. Global Key Manufacturers of Carbon Fiber, Product Offered and Application
 Table 24. Global Key Manufacturers of Carbon Fiber, Date of Enter into This Industry
 Table 25. Mergers & Acquisitions, Expansion Plans
 Table 26. Global Carbon Fiber Sales by Type (2020-2025) & (Tons)
 Table 27. Global Carbon Fiber Sales by Type (2026-2031) & (Tons)
 Table 28. Global Sales Share by Type (2020-2031)
 Table 29. Global Carbon Fiber Revenue by Type (2020-2025) & (US$ Million)
 Table 30. Global Carbon Fiber Revenue by Type (2026-2031) & (US$ Million)
 Table 31. Global Revenue Share by Type (2020-2031)
 Table 32. Carbon Fiber Price by Type (2020-2025) & (USD/Kg)
 Table 33. Global Carbon Fiber Price Forecast by Type (2026-2031) & (USD/Kg)
 Table 34. Global Carbon Fiber Sales by Application (2020-2025) & (Tons)
 Table 35. Global Carbon Fiber Sales by Application (2026-2031) & (Tons)
 Table 36. Global Sales Share by Application (2020-2031)
 Table 37. Global Carbon Fiber Revenue by Application (2020-2025) & (US$ Million)
 Table 38. Global Carbon Fiber Revenue by Application (2026-2031) & (US$ Million)
 Table 39. Global Revenue Share by Application (2020-2031)
 Table 40. Carbon Fiber Price by Application (2020-2025) & (USD/Kg)
 Table 41. Global Carbon Fiber Price Forecast by Application (2026-2031) & (USD/Kg)
 Table 42. US & Canada Sales by Type (2020-2031) & (Tons)
 Table 43. US & Canada Revenue by Type (2020-2031) & (US$ Million)
 Table 44. US & Canada Sales by Application (2020-2031) & (Tons)
 Table 45. US & Canada Revenue by Application (2020-2031) & (US$ Million)
 Table 46. US & Canada Carbon Fiber Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 47. US & Canada Revenue by Country (2020-2031) & (US$ Million)
 Table 48. US & Canada Sales by Country (2020-2031) & (Tons)
 Table 49. Europe Sales by Type (2020-2031) & (Tons)
 Table 50. Europe Revenue by Type (2020-2031) & (US$ Million)
 Table 51. Europe Sales by Application (2020-2031) & (Tons)
 Table 52. Europe Revenue by Application (2020-2031) & (US$ Million)
 Table 53. Europe Carbon Fiber Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 54. Europe Sales by Country (2020-2031) & (Tons)
 Table 55. Europe Revenue by Country (2020-2031) & (US$ Million)
 Table 56. China Sales by Type (2020-2031) & (Tons)
 Table 57. China Revenue by Type (2020-2031) & (US$ Million)
 Table 58. China Sales by Application (2020-2031) & (Tons)
 Table 59. China Revenue by Application (2020-2031) & (US$ Million)
 Table 60. Asia Sales by Type (2020-2031) & (Tons)
 Table 61. Asia Revenue by Type (2020-2031) & (US$ Million)
 Table 62. Asia Sales by Application (2020-2031) & (Tons)
 Table 63. Asia Revenue by Application (2020-2031) & (US$ Million)
 Table 64. Asia Carbon Fiber Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 65. Asia Revenue by Region (2020-2031) & (US$ Million)
 Table 66. Asia Sales by Region (2020-2031) & (Tons)
 Table 67. Middle East, Africa and Latin America Sales by Type (2020-2031) & (Tons)
 Table 68. Middle East, Africa and Latin America Revenue by Type (2020-2031) & (US$ Million)
 Table 69. Middle East, Africa and Latin America Sales by Application (2020-2031) & (Tons)
 Table 70. Middle East, Africa and Latin America Revenue by Application (2020-2031) & (US$ Million)
 Table 71. Middle East, Africa and Latin America Carbon Fiber Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 72. Middle East, Africa and Latin America Revenue by Country (2020-2031) & (US$ Million)
 Table 73. Middle East, Africa and Latin America Sales by Country (2020-2031) & (Tons)
 Table 74. Toray Corporation Information
 Table 75. Toray Description and Major Businesses
 Table 76. Toray Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 77. Toray Product Model Numbers, Pictures, Descriptions and Specifications
 Table 78. Toray Recent Developments
 Table 79. MCCFC Corporation Information
 Table 80. MCCFC Description and Major Businesses
 Table 81. MCCFC Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 82. MCCFC Product Model Numbers, Pictures, Descriptions and Specifications
 Table 83. MCCFC Recent Developments
 Table 84. Teijin Corporation Information
 Table 85. Teijin Description and Major Businesses
 Table 86. Teijin Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 87. Teijin Product Model Numbers, Pictures, Descriptions and Specifications
 Table 88. Teijin Recent Developments
 Table 89. Hexcel Corporation Information
 Table 90. Hexcel Description and Major Businesses
 Table 91. Hexcel Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 92. Hexcel Product Model Numbers, Pictures, Descriptions and Specifications
 Table 93. Hexcel Recent Developments
 Table 94. Hyosung Advanced Materials Corporation Information
 Table 95. Hyosung Advanced Materials Description and Major Businesses
 Table 96. Hyosung Advanced Materials Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 97. Hyosung Advanced Materials Product Model Numbers, Pictures, Descriptions and Specifications
 Table 98. Hyosung Advanced Materials Recent Developments
 Table 99. SGL Carbon Corporation Information
 Table 100. SGL Carbon Description and Major Businesses
 Table 101. SGL Carbon Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 102. SGL Carbon Product Model Numbers, Pictures, Descriptions and Specifications
 Table 103. SGL Carbon Recent Developments
 Table 104. Formosa Plastics Corporation Information
 Table 105. Formosa Plastics Description and Major Businesses
 Table 106. Formosa Plastics Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 107. Formosa Plastics Product Model Numbers, Pictures, Descriptions and Specifications
 Table 108. Formosa Plastics Recent Developments
 Table 109. DowAksa Corporation Information
 Table 110. DowAksa Description and Major Businesses
 Table 111. DowAksa Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 112. DowAksa Product Model Numbers, Pictures, Descriptions and Specifications
 Table 113. DowAksa Recent Developments
 Table 114. Syensqo Corporation Information
 Table 115. Syensqo Description and Major Businesses
 Table 116. Syensqo Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 117. Syensqo Product Model Numbers, Pictures, Descriptions and Specifications
 Table 118. Syensqo Recent Developments
 Table 119. UMATEX Corporation Information
 Table 120. UMATEX Description and Major Businesses
 Table 121. UMATEX Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 122. UMATEX Product Model Numbers, Pictures, Descriptions and Specifications
 Table 123. UMATEX Recent Developments
 Table 124. Taekwang Industrial Corporation Information
 Table 125. Taekwang Industrial Description and Major Businesses
 Table 126. Taekwang Industrial Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 127. Taekwang Industrial Product Model Numbers, Pictures, Descriptions and Specifications
 Table 128. Taekwang Industrial Recent Developments
 Table 129. Zhongfu Shenying Corporation Information
 Table 130. Zhongfu Shenying Description and Major Businesses
 Table 131. Zhongfu Shenying Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 132. Zhongfu Shenying Product Model Numbers, Pictures, Descriptions and Specifications
 Table 133. Zhongfu Shenying Recent Developments
 Table 134. Jilin Chemical Fiber Corporation Information
 Table 135. Jilin Chemical Fiber Description and Major Businesses
 Table 136. Jilin Chemical Fiber Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 137. Jilin Chemical Fiber Product Model Numbers, Pictures, Descriptions and Specifications
 Table 138. Jilin Chemical Fiber Recent Developments
 Table 139. Baowu Carbon Corporation Information
 Table 140. Baowu Carbon Description and Major Businesses
 Table 141. Baowu Carbon Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 142. Baowu Carbon Product Model Numbers, Pictures, Descriptions and Specifications
 Table 143. Baowu Carbon Recent Developments
 Table 144. Weihai Guangwei Composites Corporation Information
 Table 145. Weihai Guangwei Composites Description and Major Businesses
 Table 146. Weihai Guangwei Composites Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 147. Weihai Guangwei Composites Product Model Numbers, Pictures, Descriptions and Specifications
 Table 148. Weihai Guangwei Composites Recent Developments
 Table 149. Sinofibers Technology Corporation Information
 Table 150. Sinofibers Technology Description and Major Businesses
 Table 151. Sinofibers Technology Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 152. Sinofibers Technology Product Model Numbers, Pictures, Descriptions and Specifications
 Table 153. Sinofibers Technology Recent Developments
 Table 154. Jiangsu Hengshen Corporation Information
 Table 155. Jiangsu Hengshen Description and Major Businesses
 Table 156. Jiangsu Hengshen Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 157. Jiangsu Hengshen Product Model Numbers, Pictures, Descriptions and Specifications
 Table 158. Jiangsu Hengshen Recent Developments
 Table 159. Newtech Group Corporation Information
 Table 160. Newtech Group Description and Major Businesses
 Table 161. Newtech Group Capacity, Sales (Tons), Revenue (US$ Million), Price (USD/Kg) and Gross Margin (2020-2025)
 Table 162. Newtech Group Product Model Numbers, Pictures, Descriptions and Specifications
 Table 163. Newtech Group Recent Developments
 Table 164. Key Raw Materials Lists
 Table 165. Raw Materials Key Suppliers Lists
 Table 166. Distributors List
 Table 167. Customers List
 Table 168. Market Trends
 Table 169. Market Drivers
 Table 170. Market Challenges
 Table 171. Market Restraints
 Table 172. Research Programs/Design for This Report
 Table 173. Key Data Information from Secondary Sources
 Table 174. Key Data Information from Primary Sources


List of Figures
 Figure 1. Carbon Fiber Product Picture
 Figure 2. Global Carbon Fiber Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Global Carbon Fiber Market Share by Type: 2024 & 2031
 Figure 4. Regular-Tow Carbon Fiber Product Picture
 Figure 5. Large-Tow Carbon Fiber Product Picture
 Figure 6. Global Carbon Fiber Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 7. Global Carbon Fiber Market Share by Application in 2024 & 2031
 Figure 8. Wind Energy
 Figure 9. Sports/Leisure
 Figure 10. Aerospace and Defense
 Figure 11. Pressure Vessel
 Figure 12. Automotive
 Figure 13. Other
 Figure 14. Carbon Fiber Report Years Considered
 Figure 15. Global Carbon Fiber Capacity, Production and Utilization (2020-2031) & (Tons)
 Figure 16. Global Carbon Fiber Production by Region (2020 – 2031) (Tons)
 Figure 17. Global Carbon Fiber Production Market Share by Region in Percentage: 2024 Versus 2031
 Figure 18. Global Carbon Fiber Production Market Share by Region (2020-2031)
 Figure 19. Carbon Fiber Production Growth Rate in North America (2020-2031) & (Tons)
 Figure 20. Carbon Fiber Production Growth Rate in Europe (2020-2031) & (Tons)
 Figure 21. Carbon Fiber Production Growth Rate in China (2020-2031) & (Tons)
 Figure 22. Carbon Fiber Production Growth Rate in Japan (2020-2031) & (Tons)
 Figure 23. Carbon Fiber Production Growth Rate in South Korea (2020-2031) & (Tons)
 Figure 24. Global Carbon Fiber Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 25. Global Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 26. Global Carbon Fiber Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 27. Global Carbon Fiber Revenue Market Share by Region in Percentage: 2024 Versus 2031
 Figure 28. Global Carbon Fiber Revenue Market Share by Region (2020-2031)
 Figure 29. Global Carbon Fiber Sales (2020-2031) & (Tons)
 Figure 30. Global Carbon Fiber Sales (CAGR) by Region: 2020 VS 2024 VS 2031 (Tons)
 Figure 31. Global Carbon Fiber Sales Market Share by Region (2020-2031)
 Figure 32. US & Canada Carbon Fiber Sales YoY (2020-2031) & (Tons)
 Figure 33. US & Canada Carbon Fiber Revenue YoY (2020-2031) & (US$ Million)
 Figure 34. Europe Carbon Fiber Sales YoY (2020-2031) & (Tons)
 Figure 35. Europe Carbon Fiber Revenue YoY (2020-2031) & (US$ Million)
 Figure 36. China Carbon Fiber Sales YoY (2020-2031) & (Tons)
 Figure 37. China Carbon Fiber Revenue YoY (2020-2031) & (US$ Million)
 Figure 38. Asia (excluding China) Carbon Fiber Sales YoY (2020-2031) & (Tons)
 Figure 39. Asia (excluding China) Carbon Fiber Revenue YoY (2020-2031) & (US$ Million)
 Figure 40. Middle East, Africa and Latin America Carbon Fiber Sales YoY (2020-2031) & (Tons)
 Figure 41. Middle East, Africa and Latin America Carbon Fiber Revenue YoY (2020-2031) & (US$ Million)
 Figure 42. Global Carbon Fiber Sales Share by Manufacturers (2024)
 Figure 43. The Carbon Fiber Market Share of Top 10 and Top 5 Largest Manufacturers Around the World in 2024
 Figure 44. Global Carbon Fiber Revenue Share by Manufacturers (2024)
 Figure 45. The Top 5 and 10 Largest Manufacturers of Carbon Fiber in the World: Market Share by Carbon Fiber Revenue in 2024
 Figure 46. Global Carbon Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 47. Global Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 48. Global Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 49. Global Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 50. Global Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 51. US & Canada Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 52. US & Canada Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 53. US & Canada Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 54. US & Canada Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 55. US & Canada Carbon Fiber Revenue Share by Country (2020-2031)
 Figure 56. US & Canada Carbon Fiber Sales Share by Country (2020-2031)
 Figure 57. US Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 58. Canada Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 59. Europe Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 60. Europe Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 61. Europe Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 62. Europe Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 63. Europe Carbon Fiber Sales Share by Country (2020-2031)
 Figure 64. Europe Carbon Fiber Revenue Share by Country (2020-2031)
 Figure 65. Germany Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 66. France Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 67. U.K. Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 68. Italy Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 69. Russia Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 70. China Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 71. China Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 72. China Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 73. China Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 74. Asia Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 75. Asia Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 76. Asia Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 77. Asia Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 78. Asia Carbon Fiber Revenue Share by Region (2020-2031)
 Figure 79. Asia Carbon Fiber Sales Share by Region (2020-2031)
 Figure 80. Japan Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 81. South Korea Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 82. China Taiwan Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 83. Southeast Asia Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 84. India Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 85. Middle East, Africa and Latin America Carbon Fiber Sales Market Share by Type (2020-2031)
 Figure 86. Middle East, Africa and Latin America Carbon Fiber Revenue Market Share by Type (2020-2031)
 Figure 87. Middle East, Africa and Latin America Carbon Fiber Sales Market Share by Application (2020-2031)
 Figure 88. Middle East, Africa and Latin America Carbon Fiber Revenue Market Share by Application (2020-2031)
 Figure 89. Middle East, Africa and Latin America Carbon Fiber Revenue Share by Country (2020-2031)
 Figure 90. Middle East, Africa and Latin America Carbon Fiber Sales Share by Country (2020-2031)
 Figure 91. Brazil Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 92. Mexico Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 93. Turkey Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 94. Israel Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 95. GCC Countries Carbon Fiber Revenue (2020-2031) & (US$ Million)
 Figure 96. Value Chain
 Figure 97. Carbon Fiber Production Process
 Figure 98. Channels of Distribution (Direct Vs Distribution)
 Figure 99. Bottom-up and Top-down Approaches for This Report
 Figure 100. Data Triangulation
 Figure 101. Key Executives Interviewed

Description

The global Carbon Fiber market is projected to grow from US$ 3665 million in 2025 to US$ 7764 million by 2031, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.

Carbon fiber is a strong, lightweight material made primarily of carbon atoms that are bonded together in a crystalline structure. It is produced by heating polyacrylonitrile (PAN) or other precursor materials to high temperatures in a process called pyrolysis. The carbon atoms are aligned in long, thin strands, giving carbon fiber its exceptional strength-to-weight ratio, stiffness, and resistance to heat and corrosion. Carbon fiber is widely used in various industries, including aerospace, automotive, sports equipment, and renewable energy, due to its superior properties compared to traditional materials like steel and aluminum.

Environmental Benefits: Carbon fiber components contribute to reducing the carbon footprint of vehicles and industrial machinery by enabling lighter designs, which consume less energy.

High-Performance Sports Equipment: The demand for high-quality sporting goods such as bicycles, golf clubs, tennis rackets, and skis is driving the adoption of carbon fiber.

Descriptive company profiles of the major global players, including Toray, MCCFC, Teijin, Hexcel, Hyosung Advanced Materials, SGL Carbon, Formosa Plastics, DowAksa, Syensqo, UMATEX, etc.

Market Segmentation

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