Carbon Fiber Market Size, Scope, and Share by 2031
Carbon Fiber Market: Strategic Insights
Carbon Fiber Market
-
CAGR (2023 - 2031)8.2% -
Market Size 2023
US$ 3.99 Billion -
Market Size 2031
US$ 7.51 Billion
Market Dynamics
GROWTH DRIVERS
- Increased demand in aerospace and automotive industries
- Growing focus on lightweight materials
- Technological advancements in carbon fiber production
FUTURE TRENDS
- Advancements in carbon fiber recycling
- Rise in demand for carbon fiber in 3D printing
- Growing use of carbon fiber composites
OPPORTUNITIES
- Expansion in renewable energy sector applications
- Increasing demand in high-performance sporting goods
- Development of lower-cost carbon fiber alternatives
Key Players
- SGL Carbon SE
- DowAksa Advanced Composite Material Industries Ltd Co
- Formosa Plastics Corp
- Hexcel Corp
- Hyosung Advanced Materials Corp
- Kureha Corp
- Mitsubishi Chemical Corp
- Solvay SA
- Teijin Ltd
- Toray Industries Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Raw Material
- Polyacrylonitrile-Based and Pitch-Based
Application
- Composite Materials
- Microelectrodes
End-Use Industry
- Automotive
- Aerospace & Defense
- Building & Construction
- Sporting Goods
- Wind Energy
- Textiles
- Marine