Carbon fiber is a high-performance material consisting primarily of carbon atoms (>90%) with filament diameters of 5–10 µm. Its exceptional tensile strength, stiffness, low density (1.75–1.9 g/cm³), chemical resistance, and dimensional stability make it a key material in lightweight structural applications.

The global carbon fiber market size was estimated at USD 2.81 billion in 2024 and is projected to reach USD 6.54 billion by 2032, growing at a CAGR of approximately 11.1% (2024–2032). Key players include Toray Industries, Zoltek Corporation, SGL Carbon, Mitsubishi Chemical Carbon Fiber and Composites, and Teijin Limited.

Get a Free Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carbon-fiber-market-101719

Market Segmentation

By Precursor / Raw Material

• Polyacrylonitrile (PAN)-based carbon fiber – Dominates the market due to superior strength and modulus.
• Pitch-based carbon fiber – Used in high-modulus or thermal conductivity applications such as satellites and aerospace.

By Tow Size

• Small Tow (≤ 24K filaments) – Preferred for aerospace and high-performance sectors.
• Large Tow (> 24K filaments) – Used for cost-sensitive applications like wind blades and infrastructure.

By Application / End-Use

• Aerospace & Defense – Airframes, UAVs, and satellites.
• Automotive – Lightweight body panels, structural components, EV battery enclosures.
• Wind Energy – Large turbine blades and composite hubs.
• Sports & Leisure – Premium sports equipment and bicycles.
• Construction & Infrastructure – Retrofitting bridges and seismic reinforcement.
• Others – Marine, medical, and industrial equipment.

Drivers & Restraints

Rising Usage of CFRP to Manufacture Lightweight Vehicles will Favor Growth