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United State Carbon Fiber Market Generate the Value USD 31,065.98 million by 2031 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment
Carbon Fiber Market
Carbon Fiber Market reached USD 21,849.45 million in 2024 and is expected to record significant growth by reaching up to USD 31,065.98 million by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).
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United States: Recent Industry Developments
✅ February 2026: Toray Advanced Composites expanded U.S. carbon fiber production capacity for aerospace and EV applications.
✅ January 2026: Hexcel Corporation launched next-generation high-strength carbon fiber for lightweight automotive components.
✅ December 2025: Boeing and suppliers collaborated to integrate advanced carbon fiber composites into commercial aircraft designs.
Japan: Recent Industry Developments
✅ February 2026: Mitsubishi Chemical developed ultra-high-modulus carbon fibers targeting robotics and industrial machinery.
✅ January 2026: Teijin Limited enhanced carbon fiber manufacturing efficiency with AI-enabled process monitoring.
✅ December 2025: Japanese OEMs adopted carbon fiber-reinforced plastics for next-gen EVs to reduce vehicle weight and improve efficiency.
Major Top Key Players:
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.
Key Developments:
United States
• U.S. recycled carbon fiber segment gaining traction - strong growth drivers and rising investment opportunities reported in 2026 outlook for recycled carbon fiber market.
• Carbon fiber continues to be critical in lightweighting for EVs, aerospace and renewable energy (wind/EV structures) underpinning U.S. industrial demand.
Japan
• Japan remains a key advanced materials producer with output growth aiding export and global value chains in 2025-26.
• In Nov 2025 advanced materials exhibitions in Tokyo (HFMW 2025) highlighted innovation focus in high‐performance composites, including carbon fiber applications.
Europe
• European carbon fiber tow market showed strategic importance in aerospace, automotive, and wind energy applications in early 2026 analyses.
• EU regulatory push and recycling incentives are accelerating circular supply chains and composite reuse efforts (e.g., EU recycling targets, joint ventures in fiber reprocessing).
Growth Forecast Projection:
The Global Carbon Fiber Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Latest Mergers & Acquisitions (M&A)
• Twisted (UK) acquired advanced carbon fiber specialist KS Composites to strengthen engineering and manufacturing capabilities for premium automotive and marine products (Nov 2025).
• Cambium Biomaterials, Inc. acquired global advanced composites manufacturer SHD Group to expand materials innovation and production footprint in aerospace, automotive and related advanced markets (Dec 2025).
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Key Segmentations:
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:
⇥ North America - 28%
High demand driven by aerospace, automotive lightweighting, and defense applications.
⇥ Europe - 27%
Growth supported by automotive innovation, wind energy, and industrial manufacturing sectors.
⇥ Asia-Pacific - 36%
Largest share fueled by rapid industrialization, growing automotive production, and renewable energy projects.
⇥ Middle East & Africa - 5%
Moderate adoption through aerospace projects and infrastructure developments.
⇥ South America - 4%
Steady growth from emerging automotive and sports equipment applications.
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Growth Drivers
✅ Rising demand in aerospace and aviation for lightweight, high-strength materials.
✅ Increasing use in automotive industry to reduce vehicle weight and improve fuel efficiency.
✅ Expansion of wind energy and renewable sectors requiring durable composite materials.
✅ Growing adoption in sports equipment for performance enhancement and durability.
✅ Advancements in carbon fiber manufacturing technologies reducing costs.
✅ Increasing industrial applications in construction, electronics, and robotics.
✅ Rising global infrastructure projects driving demand for strong, lightweight materials.
✅ Growing focus on sustainability and lightweight alternatives to metals.
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✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
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