Global Carbon Fiber Market
Paper, Plastics, Rubber, Wood And Textile Manufacturing

How Will Carbon Fiber Market Grow Through 2024-2033?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The Business Research Company’s Carbon Fiber Global Market Report 2024 offers crucial insights into the carbon fiber market help businesses analyse and build stronger strategies.



The carbon fiber market has witnessed robust growth in recent years, with significant expansion anticipated in the forecast period. Key factors driving this growth include increased demand from aerospace and defense, automotive industry adoption, wind energy sector expansion, sports and recreation applications, and burgeoning industrial uses.


Market Growth Projection

  • The market size is expected to reach $5.13 billion in 2024, growing at a CAGR of 9.4%.
  • By 2028, it is forecasted to soar to $7.16 billion at a CAGR of 8.7%.


Drivers of Growth

  1. Automotive Industry Boost
    • Lightweight and high-strength vehicle parts utilizing carbon fiber enhance fuel efficiency and performance.
    • Asia’s automotive industry, such as South Korea, has witnessed notable production increases, fueling demand for carbon fiber.
  2. Technological Advancements
    • Innovations like Asahi Kasei Corporation’s recycling technology for inexpensive, high-quality carbon fiber contribute to market expansion.
    • Recycling systems using recycled carbon fiber from automobiles can produce high-quality CFRP, reducing vehicle weight and energy consumption.


Read The Full Carbon Fiber Market Report Here:


Market Expansions and Acquisitions

  • Acquisition by Arx Equity Partners S.R.O.
    • Acquisition of Brebeck Composite S.R.O. aims to expand product offerings to customers in the aerospace market.
    • Brebeck Composite S.R.O. specializes in carbon fiber production, particularly for automotive and motorsport industries.


Segmentation of the Carbon Fiber Market

  1. By Type
    • Virgin Fiber (VCF)
    • Recycled Carbon Fiber (RCF)
  2. By Raw Material
    • Polyacrylonitrile (PAN)
    • Petroleum Pitch
    • Rayon
  3. By Tow
    • Large Tow
    • Small Tow
  4. By Application
    • Composite Materials
    • Textiles
    • Microelectrodes
    • Catalysis
  5. By End-Users
    • Aerospace and Defense
    • Automotive
    • Wind Energy
    • Pipes and Tanks
    • Sporting Goods
    • Other End-Users


Regional Insights

  • Western Europe Leads
    • Western Europe dominated the carbon fiber market in 2023, indicating the region’s prominence in the industry.



The carbon fiber market is poised for significant growth, driven by factors such as automotive industry demands, technological innovations, and strategic acquisitions. With advancements in recycling technologies, development of high-performance composites, and increased focus on sustainability, the future of the carbon fiber market appears promising, paving the way for a stronger, lighter, and more sustainable future across various industries.


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The Carbon Fiber Global Market Report 2024  provides a comprehensive outlook of the carbon fiber market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The carbon fiber market forecast offers a thorough analysis on carbon fiber market size, carbon fiber market share, prominent players and their strategies.


The Table Of Content For The Carbon Fiber Market Include:
1. Carbon Fiber Market Executive Summary
2. Carbon Fiber Market Segments
3. Carbon Fiber Market Size And Carbon Fiber Market Growth Rate
4. Key Carbon Fiber Market Trends
5. Major Carbon Fiber Market Drivers
25. Key Mergers And Acquisitions In The Carbon Fiber Market
26. Top Carbon Fiber Companies
27. Carbon Fiber Market Opportunities And Strategies
28. Carbon Fiber Market, Conclusions And Recommendations
29. Appendix


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