Carbon Fiber Market Accelerates with Aerospace & EV Lightweighting, Fueled by PAN Capacity Builds, Recycled Feedstocks, Low‐Cost Pitch Fibers & Strategic OEM JVs

Carbon Fiber Market reached USD million in 2021 and is expected to record significant growth by reaching up to USD million by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).

Carbon Fiber Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.

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Carbon Fiber Market Overview & Landscape:
The carbon fiber market encompasses the production and application of high‐strength, low‐weight carbon strands and fabrics used to reinforce composites in aerospace, automotive, sporting goods, wind energy, and industrial sectors. Characterized by superior stiffness, fatigue resistance, and thermal stability, the landscape is shaped by capacity expansions, feedstock innovations (precursor and recycling), and rising demand for lightweighting and performance materials. Partnerships between carbon fiber producers, OEMs, and recyclers are driving supply‐chain integration and cost reduction.

Recent Key Developments:

Commissioning of new large‐scale PAN precursor facilities in Asia to boost carbon fiber output for EV and aerospace programs.

Launch of recycled carbon fiber processes converting end‐of‐life composites into high‐performance reinforcement materials.

Strategic JV between a major automaker and carbon fiber supplier to co‐develop in‐house composite structural parts.

Introduction of low‐cost pitch‐based carbon fibers for mass‐market sporting goods and industrial applications.

Breakthrough in rapid, microwave‐assisted carbonization reducing energy consumption and cycle times in fiber production.

Strategic Players Driving the Carbon Fiber Market Forward :

Solvay, Toray Industries, TEIJIN LIMITED, SGL Carbon, ZHONGFU SHENYING CARBON FIBER CO., LTD., Mitsubishi Chemical Holdings Corporation, BASF SE, Hexcel Corporation, Formosa Plastics and DowAksa Advanced Composites Holdings BV.

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Segment Covered in the Carbon Fiber Market:

By Material - Petroleum Pitch, Polyacrylonitrile, Rayon, Bio-Based and Others

By Modulus - Standard, Intermediate and High

By Tow Size - Small Tow and Large Tow

By Application - Automotive Drive Shafts, Bike Frames, Aircraft Wings, Tubing, Containers, Propeller Blades, Car Components and Others

By End-User - Wind Energy, Automotive, Construction, Aerospace & Defense, Sports, Marine, Electrical & Electronics and Others

Regional Analysis for Carbon Fiber Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Carbon Fiber Market Research Industry:

✒ What are the primary drivers fueling growth in the Carbon Fiber Market today?
✒ Which companies are currently leading innovation and market share in the Carbon Fiber Market?
✒ In what ways is the current regulatory environment influencing the Carbon Fiber Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Carbon Fiber Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Carbon Fiber Market?

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