#Carbon Fiber Market

[industryexperts]

(via Advanced Carbon Materials Market Size, Trends and Outlook 2024-2030)

[industrynewsupdates]

Global Expansion of Carbon Fiber Market: Analysis and Insights

The global carbon fiber market size is estimated to reach USD 10.68 billion by 2030, registering a CAGR of 10.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing adoption of carbon fiber in the automotive and aerospace industry.

The increasing demand for commercial aviation due to rising disposable income and globalization has catered to the growth of the aerospace industry over the last few years. This trend is likely to continue over the coming years as well. Moreover, the rise in demand for sports and leisure applications due to the increasing population, particularly in the Asia Pacific region, is also likely to propel the demand for carbon fiber in the market.

The carbon fiber market has witnessed forward integration by various raw material manufacturers. In-house production and utilization of carbon fiber help manufacturers cut down on logistics costs and directly cater to end-use product manufacturers, thereby increasing profitability. Carbon fiber applications depend on the grade used and, ultimately, on the quality of the precursor.

Gather more insights about the market drivers, restrains and growth of the Carbon Fiber Market

Carbon Fiber Market Report Highlights

• On the basis of raw materials, the polyacrylonitrile (PAN) segment led the market with a revenue share of 96.4% in 2024. The automotive industry’s increasing shift toward electric vehicles (EVs) is driving the demand for PAN-based Carbon Fiber.

• The large tow segment is forecasted to grow at a rate of 10.3% from 2025 to 2030. This growth is due to the growing adaption of carbon fiber across several application industries due to its higher strength-to-weight ratio and its advantages over conventional materials, including metals and alloys.

• The aerospace & defense segment accounted for the largest revenue share of 32.2% in 2024. The Aerospace & defense sector requires lightweight and robust materials for usage in aircraft, rockets, satellites, and missiles as it assists in improving the performance by reducing the weight of the overall structure.

• The Europe region dominated the global market with a share of 31.9% in 2024. The presence of aerospace giants such as Airbus and Boeing in Europe and North America has propelled the regional demand for carbon fiber.

• The growing concerns regarding the consumption rates of non-renewable energy sources have driven the demand for fuel-efficient vehicles. This is forecasted to propel the demand for carbon fiber in the automotive application segment over the coming years.

Browse through Grand View Research's Specialty Glass, Ceramic & Fiber Industry Research Reports.

• The global fiberglass market size was valued at USD 12.34 billion in 2024 and is projected to grow at a CAGR of 6.7% from 2025 to 2030. 

• The global geosynthetic clay liner market size was valued at USD 468.1 million in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2030.

Carbon Fiber Market Segmentation

Grand View Research has segmented the global carbon fiber market based on raw material, tow size, application, and region:

Carbon Fiber Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• PAN Based

• Pitch Based

Carbon Fiber Tow Size Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Small Tow

• Large Tow

Carbon Fiber Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Aerospace & Defense

• Wind Turbines

• Sports/Leisure

• Molding & Compound

• Construction

• Pressure Vessel

• Others

Carbon Fiber Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o Japan

o Taiwan

• Central & South America

o Brazil

• MEA

Order a free sample PDF of the Carbon Fiber Market Intelligence Study, published by Grand View Research.

[industryinsightsandanalysis]

Carbon Fiber Industry: A Global Perspective with Focus on North America

The carbon fiber market has witnessed tremendous growth and innovation, becoming an essential component in various sectors like aerospace, automotive, engineering, and renewable energy. Its lightweight and high-strength characteristics have made it an attractive choice for manufacturers across the globe. In this article, we will explore the current state of the global carbon fiber industry, with a particular emphasis on the North American region.

North America's Dominance in Carbon Fiber Industry:

North America plays a crucial role in driving the growth of the global carbon fiber industry. The region has a robust manufacturing base, technological expertise, and a strong focus on research and development. Let's delve into some instances that highlight North America's dominance in the carbon fiber industry:

Boeing's Advanced Composite Wing

Boeing's Everett, Washington facility is home to the largest building in the world, where composite wings for the Boeing 777X aircraft are manufactured. The wings are made primarily of carbon fiber-reinforced polymer (CFRP), which reduces weight and improves fuel efficiency. This exemplifies North America's capability to leverage carbon fiber composites for advanced aerospace applications.

Automotive Industry Innovation

The North American automotive industry has been quick to adopt carbon fiber composites to enhance fuel efficiency, reduce emissions, and improve overall performance. Companies like General Motors and Ford have integrated carbon fiber components into their high-performance vehicles to achieve weight reduction and improved structural rigidity.

For instance, Ford's GT supercar extensively utilizes carbon fiber, significantly contributing to its lightweight design and exceptional performance. Such advancements in the region's automotive sector demonstrate the potential of carbon fiber for improved sustainability and performance.

Renewable Energy Projects

North America has also made significant strides in utilizing carbon fiber in renewable energy applications. Wind turbines represent one such area wherein the lightweight attributes of carbon fiber play a vital role in maximizing their efficiency and reducing maintenance costs. The use of carbon fiber-reinforced blades allows for longer blades, capturing more wind energy and generating higher electricity output.

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General Electric's 12 MW Haliade-X offshore wind turbine, assembled in North America, exemplifies the region's involvement in advancing renewable energy solutions with the help of carbon fiber technology.

Conclusion

The global carbon fiber industry is witnessing remarkable growth, with North America playing a pivotal role in driving innovation and development. Instances like Boeing's advanced composite wing facility, automotive industry applications, and renewable energy projects showcase North America's leadership in utilizing carbon fiber composites across a broad spectrum of industries. As the demand for sustainable and high-performance materials continues to rise, the carbon fiber industry is poised for further expansion and breakthrough advancements in the coming years. According to the Universal Data Solutions analysis, Carbon Fiber Market is valued at USD 4 Billion in 2022 and growing at a CAGR of 13%. 

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[comparableau]

The global carbon fiber market was stood around $4 billion in 2022 and is expected to demonstrate the growth of around 13% during the forecast period (2023-2030)

[econmarketresearch]

The carbon fiber market revolves around the production, distribution, and application of carbon fiber materials known for their exceptional strength, lightweight properties, and durability. Carbon fibers are composed of carbon atoms bonded together, offering high tensile strength, stiffness, and resistance to temperature and corrosion.

[aishavass]

Growing adoption in wind energy industry and automotive industry is expected to open new opportunities for carbon fiber industry over the coming years...

[communicationblogs]

Nickel Carbonate Market

Nickel Carbonate market is witnessing growth driven by its applications in electroplating, ceramics, batteries, and catalysts. A key trend is the rising demand for nickel carbonate in the production of rechargeable batteries, particularly for electric vehicles (EVs), as the global transition to clean energy accelerates. Innovations in nickel-based cathode materials further boost its demand. However, fluctuations in nickel prices and regulatory scrutiny over mining practices impact market stability. Sustainability concerns are pushing manufacturers to adopt eco-friendly extraction and processing methods. Additionally, emerging markets in Asia-Pacific are playing a significant role in expanding production and consumption of nickel carbonate.

For More : https://tinyurl.com/2rptudva

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Carbon Fiber Special Furnace Market Landscape and Strategic Growth Insights 2024 - 2032

The carbon fiber special furnace market is experiencing significant growth due to the rising demand for advanced materials in various industries. This market focuses on furnaces specifically designed for the production and processing of carbon fiber, a lightweight and high-strength material used in aerospace, automotive, and construction applications.

Key Trends Driving Market Growth

The carbon fiber special furnace market is gaining traction as industries increasingly prioritize lightweight and high-strength materials. These specialized furnaces are essential for the production and processing of carbon fiber, which is widely used in sectors such as aerospace, automotive, and construction.

Increasing Demand for Lightweight Materials

The aerospace and automotive industries are increasingly adopting carbon fiber due to its superior strength-to-weight ratio. This trend is driving the need for specialized furnaces that can efficiently produce carbon fiber components.

Advancements in Furnace Technology

Innovations in furnace technology, such as energy-efficient heating systems and automated production processes, are enhancing the capabilities of carbon fiber special furnaces. These advancements are crucial for meeting the growing production demands.

Market Segmentation

By Type of Furnace

High-Temperature Furnaces

Continuous Furnaces

Batch Furnaces

By End-User Industry

Aerospace

Automotive

Construction

Marine

Regional Analysis

North America

North America is a leading market for carbon fiber special furnaces, driven by robust aerospace and automotive sectors.

Europe

Europe is witnessing rapid growth in the carbon fiber market, fueled by increasing investments in lightweight material technologies.

Asia-Pacific

The Asia-Pacific region is emerging as a significant player, with rising manufacturing activities and growing demand for carbon fiber in various applications.

Challenges in the Carbon Fiber Special Furnace Market

High Initial Investment

The initial cost of carbon fiber special furnaces can be a barrier for small and medium enterprises.

Technological Limitations

Existing technologies may not always meet the specific requirements for carbon fiber production, necessitating ongoing research and development.

Conclusion

The carbon fiber special furnace market is poised for substantial growth as industries seek innovative materials to enhance performance and efficiency. By understanding the key trends and challenges, stakeholders can navigate this evolving landscape effectively.

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Carbon Fiber Market - Forecast (2024 - 2030)

Carbon Fiber Market Overview

Carbon Fiber Market size is forecast to reach $15.3 billion by 2030, after growing at a CAGR of 11% during 2024-2030. Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. Growing demand for lightweight products from aerospace & defense, automotive, and wind energy industries and minimizing carbon emissions are driving the market growth. Whereas, the growing building and construction sector in the emerging country is also driving the market growth. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth. The carbon fiber market is witnessing a significant trend with an increased adoption in the automotive industry. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, carbon fiber composites offer a lightweight alternative to traditional materials. This shift is driven by the demand for electric and hybrid vehicles, where minimizing weight is crucial for optimizing energy efficiency and extending battery range. Carbon fiber's high strength-to-weight ratio contributes to improved vehicle performance and structural integrity. Moreover, advancements in manufacturing processes and cost reductions are making carbon fiber more economically viable for mass-produced automobiles. This trend signals a transformative shift in the automotive sector, with carbon fiber playing a pivotal role in the development of next-generation, sustainable transportation solutions. A notable development in the carbon fiber market is the increasing focus on sustainable production methods. With rising environmental concerns and a push for eco-friendly materials, carbon fiber manufacturers are exploring ways to minimize the environmental impact of their production processes. Innovations include the use of bio-based precursors, recycling of carbon fiber waste, and energy-efficient manufacturing techniques. This trend aligns with global efforts to achieve carbon neutrality and reduce the overall carbon footprint of industries. Sustainable carbon fiber production not only addresses environmental concerns but also caters to the growing demand for green products in various sectors, including aerospace, automotive, and renewable energy. As sustainability becomes a key consideration for businesses and consumers alike, the carbon fiber market is evolving to meet these changing expectations and contribute to a more environmentally responsible future.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 

Carbon Fiber Market Report Coverage

The report: “Carbon Fiber Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Fiber Industry. 

By Raw Material: Polyacrylonitrile Based (PAN), Pitch Based (Mesophase Pitch Based, and Petroleum Pitch Based), and Others (Ultra High Elastic Modulus (UHM), High Elastic Modulus (HM), and Low Elastic Modulus (LM)).

By Tow Type: Continuous, and Chopped.

By Application: Composite, Non-Composite, Molding Compound, Woven Fabric, and Others.

By End-Use Industry: Aerospace & Defense (Fighter Jets, Armored Vehicles, Commercial Jets, Rotorcraft, Satellites, and Others), Automotive (Interior, Exterior, and Others), Sporting Goods (Tennis Rackets, Golf Club, Hockey Sticks, Archery, Others), Energy and Power (Wind, Solar, and Others), Building & Construction (Residential, Commercial, and Others), Marine, Healthcare, Electric & Electronic, and Others.

By Geography: North America, South America, Europe, Asia-Pacific, and Middle East & Africa

Key Takeaways

Europe will continue to have the major share of total worldwide wind energy carbon fiber demand during the forecast period owing to its renewable energy targets and use of offshore wind capacity.

High price of carbon fiber is one of the factors that’s hindering the markets growth.

COVID-19 will hinder the markets growth, as the end use industry are facing a slow growth, hence reducing the demand for carbon fiber.

Carbon Fiber Market Segment Analysis - By Raw Material

Polyacrylonitrile Based (PAN) segment held the largest share of more than 65% in the carbon fiber market in 2023. The PAN based component offers various benefits like low density, high strength, high modulus, high-temperature resistance, wear resistance, corrosion resistance, fatigue resistance, creepage resistance, electric conduction, heat conduction, and far-infrared radiation. These properties of PAN make it suitable to use across various end-use industries like the aerospace & aviation industry, automotive industry, wind turbines, anti-flame materials & clothes, and sports equipment. Thus, growth in these end-use industries further drive the market growth.

Carbon Fiber Market Segment Analysis - By Tow

Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2023. Continuous tow is the most widely used tow, due to its weight, compatibility with resins, and various range of sizing available for optimal processing. These are heavy tows with 50,000 filaments, each of these tows have heavy mechanical properties, which can be transferred to the finished products and components to enhance their properties such as strength, durability and structural properties. Furthermore, Continuous tows provide cost advantage, especially when used in a high-volume process, increases the reliability of the end product, enhance production efficiency and can be merged with all thermoset and thermoplastic resin systems. Continuous tow also makes carbon fiber far superior to glass and aramid fibers because of their added strength & stiffness and are used in manufacturing wind turbines, industrial, and automotive manufacturing. Therefore, these properties & advantages of continuous tow will further drive its demand in the market.

Carbon Fiber Market Segment Analysis - By Application

Composite segment held the largest share of more than 55% in 2023 and is forecasted to be the most utilized application of carbon fiber. The high strength, high thermal & electrical conductivity, light weight, and high modulus properties of composite makes them suitable to use across aerospace & defense, automotive, sports, and wind turbine industry, which are ideal for its growth. According to a 2022 report released by Aerospace Industries Association (AIA), in 2022 American aerospace & defense industry export amounted for $100.4 billion, which rose by 11.2 percent from 2021. The other industry driving the markets growth is automobile industry. For instance, a report released by Indian Brand Equity Foundation (IBEF) in 2023, In the first quarter of 2023-24, total production of passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles was 6.01 million units. Furthermore, the growing demand for BMW i3 is also driving the market growth. As the BMW i3 is still the only car with a significant amount of carbon composite content.

[industryinsightsandanalysis]

Exploring the Carbon Fiber Prepreg Market: Trends, Advantages, and Future Outlook

Introduction

The Carbon Fiber Prepreg Market is experiencing robust growth, driven by the increasing demand for lightweight, durable, and high-performance materials across various industries. Carbon fiber prepreg, a composite material made from carbon fibers pre-impregnated with a resin system, offers exceptional strength-to-weight ratio, stiffness, and corrosion resistance. This article delves into the current trends, advantages, and future prospects of the carbon fiber prepreg market.

What is Carbon Fiber Prepreg?

Carbon fiber prepreg is a pre-impregnated material where carbon fibers are combined with a thermoset or thermoplastic resin. This combination ensures uniform resin distribution and eliminates the need for additional resin during the manufacturing process. The material is stored in a refrigerated state to prevent premature curing, ensuring optimal performance and ease of use in various applications.

Current Market Trends

1. Growing Demand in Aerospace and Defense: The aerospace and defense sectors are major drivers of the carbon fiber prepreg market. The need for lightweight and high-strength materials to enhance fuel efficiency and performance in aircraft and defense equipment has significantly boosted the adoption of carbon fiber prepreg.

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2. Automotive Industry Adoption: The automotive industry is increasingly using carbon fiber prepreg to reduce vehicle weight, improve fuel efficiency, and enhance performance. High-end sports cars and electric vehicles (EVs) particularly benefit from the material's properties, leading to its growing demand.

3. Expansion in Wind Energy Sector: The wind energy sector is another key contributor to the carbon fiber prepreg market growth. Carbon fiber prepreg is used in the manufacturing of wind turbine blades, offering superior strength and reduced weight, which increases the efficiency and lifespan of the turbines.

4. Innovations in Manufacturing Processes: Advancements in manufacturing processes, such as automated fiber placement (AFP) and automated tape laying (ATL), are enhancing the production efficiency and quality of carbon fiber prepreg. These innovations are making the material more accessible and cost-effective for various industries.

5. Sustainability and Recycling: The push for sustainable materials and recycling solutions is influencing the carbon fiber prepreg market. Research and development efforts are focused on creating recyclable prepreg materials and improving recycling processes, aligning with global sustainability goals.

Advantages of Carbon Fiber Prepreg

1. High Strength-to-Weight Ratio: Carbon fiber prepreg offers an exceptional strength-to-weight ratio, making it ideal for applications where reducing weight without compromising strength is crucial. This property is particularly valuable in aerospace, automotive, and sporting goods industries.

2. Durability and Corrosion Resistance: The material's inherent resistance to corrosion and environmental degradation ensures longevity and reliability in harsh conditions. This makes it suitable for marine, infrastructure, and industrial applications.

3. Consistent Quality and Performance: Pre-impregnated with resin, carbon fiber prepreg provides consistent quality and performance. The controlled resin content ensures optimal mechanical properties and reduces the risk of manufacturing defects.

4. Ease of Use: Carbon fiber prepreg simplifies the manufacturing process by eliminating the need for additional resin application. This reduces processing time and labor costs, making it an efficient choice for high-volume production.

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Future Prospects

The future of the carbon fiber prepreg market looks promising, driven by several key factors:

1. Increased Use in Electric Vehicles (EVs): As the EV market expands, the demand for lightweight materials to improve battery efficiency and vehicle range will drive the adoption of carbon fiber prepreg. Manufacturers are increasingly integrating this material into EV components to enhance performance.

2. Advancements in Material Science: Ongoing research and development in material science are expected to yield new formulations and resin systems for carbon fiber prepreg. These advancements will further improve the material's properties and expand its application range.

3. Emerging Markets: The growth of emerging markets in Asia-Pacific, Latin America, and the Middle East presents significant opportunities for the carbon fiber prepreg market. The increasing industrialization and infrastructure development in these regions will boost the demand for high-performance materials.

4. Sustainability Initiatives: The focus on sustainability and environmental regulations will drive innovations in recyclable and eco-friendly carbon fiber prepreg. The development of sustainable manufacturing processes and materials will enhance the market's growth prospects.

Conclusion

The Carbon Fiber Prepreg Market is set for substantial growth, fueled by its exceptional properties and wide-ranging applications across various industries. As technology advances and the demand for lightweight, durable, and high-performance materials increases, carbon fiber prepreg will continue to play a pivotal role in shaping the future of manufacturing and engineering. With a strong focus on sustainability and innovation, the market is poised to meet the evolving needs of modern industries and contribute to a more efficient and sustainable future.

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[comparableau]

The global carbon fiber market was stood around $4 billion in 2022 and is expected to demonstrate the growth of around 13% during the forecast period (2023-2030)

[mohitbisresearch]

United Launch Alliance (ULA) and Beyond Gravity, a manufacturer of rocket parts, are currently investing $140 million to expand their operations in northern Alabama, according to reports. This development involves the construction of two new facilities in Decatur, Alabama.

The facility in Decatur, Alabama, is responsible for providing carbon fiber composite components to ULA's Atlas rockets, including the payload fairing for the Atlas V-500 launcher and the interstage adapter for the Atlas V-400.