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Carbon Fiber Composites Market Size, Share & Trends Analysis Report by Raw Material (PAN-based Carbon Fiber, Pitch-based Carbon Fiber, Rayon-based Carbon Fiber), Application (Aerospace & Defense, Wind Energy), and Region with Growth Forecasts, 2025-2033

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  • 107 Pages
  • December 2025
  • Region: Global
  • Grand View Research
  • ID: 6216600
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Description Jump to:
The global carbon fiber composites market size was estimated at USD 24.37 billion in 2024 and is projected to reach USD 47.91 billion by 2033, growing at a CAGR of 7.8% from 2025 to 2033. The demand for carbon fiber composites is increasing as industries transition toward lightweight, high-strength materials to meet fuel efficiency and emission reduction goals.

Aerospace OEMs are increasing the penetration of composites in next-generation aircraft structures, driving long-term demand. Automotive manufacturers are increasingly adopting carbon fiber for body panels, monocoques, and EV components to enhance performance and extend driving range. Wind energy is witnessing strong uptake, with larger turbine blades requiring high-stiffness materials. Industrial uses such as pressure vessels, robotics, and sporting goods are expanding rapidly. Rising investments in renewable energy and clean mobility are strengthening consumption.

A significant demand driver is the global shift toward lightweighting across aerospace, automotive, and energy markets. Growing EV production is boosting the demand for carbon fiber components that reduce vehicle weight while maintaining structural strength. The wind energy sector requires larger, more durable blades that depend heavily on carbon fiber composites for stiffness-to-weight advantages. The increasing adoption of automation and industrial robotics is driving the demand for high-performance mechanical structures. Expanding use in high-pressure hydrogen storage tanks is another strong driver, aligned with global clean fuel strategies. Technological improvements in precursor materials and automated fabrication processes are reducing costs, enabling wider adoption. The rise of premium sports equipment and performance applications also contributes to steady demand.

The market is witnessing a shift toward low-cost carbon fiber precursors like PAN alternatives, lignin-based fibers, and recycled carbon fiber. Advancements in automated fiber placement (AFP), additive manufacturing, and resin infusion are improving production efficiency and reducing manufacturing costs. OEMs are increasingly integrating hybrid composites that combine carbon fiber with thermoplastics for faster cycle times and improved recyclability. The aerospace sector is adopting higher-temperature resins and next-generation prepregs for improved performance. Growth in hydrogen tanks and battery enclosures is emerging as a key trend. Wind OEMs are moving toward ultra-long blades that require high-modulus carbon fiber. Sustainability innovations such as reclaimed fiber and circular composite solutions are gaining traction rapidly.

Global Carbon Fiber Composites Market Report Segmentation

This report forecasts revenue growth at the global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2021 to 2033. The report has segmented the global carbon fiber composites market report on the basis of raw material, application, and region:

Raw Material Outlook (Revenue, USD Million, 2021-2033)

  • PAN-based Carbon Fiber
  • Pitch-based Carbon Fiber
  • Rayon-based Carbon Fiber

Application Outlook (Revenue, USD Million, 2021-2033)

  • Aerospace & Defense
  • Automotive
  • Wind Energy
  • Industrial
  • Construction & Infrastructure
  • Others

Regional Outlook (Revenue, USD Million, 2021-2033)

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America
  • Middle East & Africa

Why You Should Buy This Report

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources
1.3.4. Third-Party Perspectives
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Carbon Fiber Composites Market Variables, Trends & Scope
3.1. Value Chain Analysis
3.2. Regulatory Framework
3.3. Technology Overview
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint analysis
3.4.3. Industry opportunity
3.4.4. Market Challenges
3.5. Business Environment Analysis
3.5.1. Porter's Analysis
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.5.2. PESTEL Analysis, by SWOT
3.5.2.1. Political Landscape
3.5.2.2. Environmental Landscape
3.5.2.3. Social Landscape
3.5.2.4. Technology Landscape
3.5.2.5. Economic Landscape
3.5.2.6. Legal Landscape
Chapter 4. Carbon Fiber Composites Market: Raw Material Estimates & Trend Analysis
4.1. Raw Material Takeaways
4.2. Raw Material Market Share Analysis, 2025-2033
4.3. Carbon Fiber Composites Market Estimates & Forecast, by Raw Material (USD Million), 2021-2033
4.4. PAN-based Carbon Fiber
4.4.1. Carbon Fiber Composites Market Estimates & Forecast, by PAN-based Carbon Fiber, 2021-2033 (USD Million)
4.5. Pitch-based Carbon Fiber
4.5.1. Carbon Fiber Composites Market Estimates & Forecast, by Pitch-based Carbon Fiber, 2021-2033 (USD Million)
4.6. Rayon-based Carbon Fiber
4.6.1. Carbon Fiber Composites Market Estimates & Forecast, by Rayon-based Carbon Fiber, 2021-2033 (USD Million)
Chapter 5. Carbon Fiber Composites Market: Application Estimates & Trend Analysis
5.1. Application Takeaways
5.2. Application Market Share Analysis, 2025-2033
5.3. Carbon Fiber Composites Market Estimates & Forecast, by Application (USD Million), 2021-2033
5.4. Aerospace & Defense
5.4.1. Carbon Fiber Composites Market Estimates & Forecast, For Aerospace & Defense, 2021-2033 (USD Million)
5.5. Automotive
5.5.1. Carbon Fiber Composites Market Estimates & Forecast, For Automotive, 2021-2033 (USD Million)
5.6. Wind Energy
5.6.1. Carbon Fiber Composites Market Estimates & Forecast, For Wind Energy, 2021-2033 (USD Million)
5.7. Industrial
5.7.1. Carbon Fiber Composites Market Estimates & Forecast, For Industrial, 2021-2033 (USD Million)
5.8. Construction & Infrastructure
5.8.1. Carbon Fiber Composites Market Estimates & Forecast, For Construction & Infrastructure, 2021-2033 (USD Million)
5.9. Others
5.9.1. Carbon Fiber Composites Market Estimates & Forecast, For Others, 2021-2033 (USD Million)
Chapter 6. Carbon Fiber Composites Market: Regional Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Regional Market Share Analysis, 2025-2033
6.3. North America
6.3.1. North America Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.3.2. North America Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.3.3. North America Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.3.4. U.S.
6.3.4.1. U.S. Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.3.4.2. U.S. Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.3.4.3. U.S. Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.3.5. Canada
6.3.5.1. Canada Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.3.5.2. Canada Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.3.5.3. Canada Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.3.6. Mexico
6.3.6.1. Mexico Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.3.6.2. Mexico Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.3.6.3. Mexico Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.4. Europe
6.4.1. Europe Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.4.2. Europe Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.4.3. Europe Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.4.3.1. UK
6.4.3.1.1. UK Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.4.3.1.2. UK Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.4.3.1.3. UK Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.4.3.2. Germany
6.4.3.2.1. Germany Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.4.3.2.2. Germany Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.4.3.2.3. Germany Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.4.3.3. France
6.4.3.3.1. France Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.4.3.3.2. France Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.4.3.3.3. France Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.4.3.4. Spain
6.4.3.4.1. Spain Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.4.3.4.2. Spain Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.4.3.4.3. Spain Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.5.2. Asia-Pacific Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.5.3. Asia-Pacific Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.5.4. China
6.5.4.1. China Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.5.4.2. China Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.5.4.3. China Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.5.5. Japan
6.5.5.1. Japan Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.5.5.2. Japan Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.5.5.3. Japan Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.5.6. India
6.5.6.1. India Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.5.6.2. India Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.5.6.3. India Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.5.7. South Korea
6.5.7.1. South Korea Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.5.7.2. South Korea Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.5.7.3. South Korea Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.6. Central & South America
6.6.1. Central & South America Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.6.2. Central & South America Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.6.3. Central & South America Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7. Middle East & Africa
6.7.1. Middle East & Africa Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.2. Middle East & Africa Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3. Middle East & Africa Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7.3.1. Saudi Arabia
6.7.3.1.1. Saudi Arabia Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.3.1.2. Saudi Arabia Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3.1.3. Saudi Arabia Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7.3.2. UAE
6.7.3.2.1. UAE Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.3.2.2. UAE Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3.2.3. UAE Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7.3.3. Egypt
6.7.3.3.1. Egypt Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.3.3.2. Egypt Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3.3.3. Egypt Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7.3.4. Kuwait
6.7.3.4.1. Kuwait Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.3.4.2. Kuwait Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3.4.3. Kuwait Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
6.7.3.5. Qatar
6.7.3.5.1. Qatar Carbon Fiber Composites Market Estimates & Forecasts, 2021-2033 (USD Million)
6.7.3.5.2. Qatar Carbon Fiber Composites Market Estimates & Forecasts, by Raw Material, 2021-2033 (USD Million)
6.7.3.5.3. Qatar Carbon Fiber Composites Market Estimates & Forecasts, by Application, 2021-2033 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Competition Categorization
7.3. Company Market Positioning
7.4. Company Heat Map Analysis, 2024
7.5. Strategy Mapping, 2024
7.6. Company Listing
7.6.1. Toray Industries
7.6.1.1. Company Overview
7.6.1.2. Financial Performance
7.6.1.3. Product Benchmarking
7.6.1.4. Strategic Initiatives
7.6.2. TEIJIN LIMITED
7.6.2.1. Company Overview
7.6.2.2. Financial Performance
7.6.2.3. Product Benchmarking
7.6.2.4. Strategic Initiatives
7.6.3. Mitsubishi Chemical
7.6.3.1. Company Overview
7.6.3.2. Financial Performance
7.6.3.3. Product Benchmarking
7.6.3.4. Strategic Initiatives
7.6.4. Hexcel
7.6.4.1. Company Overview
7.6.4.2. Financial Performance
7.6.4.3. Product Benchmarking
7.6.4.4. Strategic Initiatives
7.6.5. SGL Carbon
7.6.5.1. Company Overview
7.6.5.2. Financial Performance
7.6.5.3. Product Benchmarking
7.6.5.4. Strategic Initiatives
7.6.6. Syensqo
7.6.6.1. Company Overview
7.6.6.2. Financial Performance
7.6.6.3. Product Benchmarking
7.6.6.4. Strategic Initiatives
7.6.7. DowAksa
7.6.7.1. Company Overview
7.6.7.2. Financial Performance
7.6.7.3. Product Benchmarking
7.6.7.4. Strategic Initiatives
7.6.8. ZOLTEK
7.6.8.1. Company Overview
7.6.8.2. Financial Performance
7.6.8.3. Product Benchmarking
7.6.8.4. Strategic Initiatives
7.6.9. Hyosung Advanced Materials
7.6.9.1. Company Overview
7.6.9.2. Financial Performance
7.6.9.3. Product Benchmarking
7.6.9.4. Strategic Initiatives
7.6.10. Carbon Composites, Inc.
7.6.10.1. Company Overview
7.6.10.2. Financial Performance
7.6.10.3. Product Benchmarking
7.6.10.4. Strategic Initiatives
List of Tables
Table 1 Carbon Fiber Composites Market Estimates & Forecast, by Raw Material 2021-2033 (USD Million)
Table 2 Carbon Fiber Composites Market Estimates & Forecast, by Application 2021-2033 (USD Million)
List of Figures
Figure 1 Carbon Fiber Composites Market Segmentation & Scope
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Formulation and Validation
Figure 5 Data Validating & Publishing
Figure 6 Regional Outlook
Figure 7 Segmental Outlook
Figure 8 Competitive Outlook
Figure 9 Market Penetration & Growth Mapping
Figure 10 Value Chain Analysis
Figure 11 Carbon Fiber Composites: Market Dynamics
Figure 12 Market Driver Analysis
Figure 13 Market Restraint Analysis
Figure 14 Industry Analysis: Porter’s
Figure 15 PESTEL analysis, by SWOT
Figure 16 Raw Material: Key Takeaways
Figure 17 Raw Material: Market Share, 2025 & 2033
Figure 18 Carbon Fiber Composites Market Estimates & forecasts, by PAN-based Carbon Fiber, 2021-2033 (USD Million)
Figure 19 Carbon Fiber Composites Market Estimates & forecasts, by Pitch-based Carbon Fiber, 2021-2033 (USD Million)
Figure 20 Carbon Fiber Composites Market Estimates & forecasts, by Rayon-based Carbon Fiber, 2021-2033 (USD Million)
Figure 21 Application: Key Takeaways
Figure 22 Application: Market Share, 2025 & 2033
Figure 23 Carbon Fiber Composites market estimates & forecasts, for Aerospace & Defense, 2021-2033 (USD Million)
Figure 24 Carbon Fiber Composites market estimates & forecasts, for Automotive, 2021-2033 (USD Million)
Figure 25 Carbon Fiber Composites Market Estimates & Forecast, For Wind Energy, 2021-2033 (USD Million)
Figure 26 Carbon Fiber Composites Market Estimates & Forecast, For Industrial, 2021-2033 (USD Million)
Figure 27 Carbon Fiber Composites Market Estimates & Forecast, For Construction & Infrastructure, 2021-2033 (USD Million)
Figure 28 Carbon Fiber Composites Market Estimates & Forecast, For Others, 2021-2033 (USD Million)
Figure 29 Region, 2025 & 2033 (USD Million)
Figure 30 Regional marketplace: Key takeaways
Figure 31 North America Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 32 U.S. Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 33 Canada Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 34 Mexico Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 35 Europe Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 36 UK Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 37 Germany Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 38 France Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 39 Spain Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 40 Asia-Pacific Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 41 China Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 42 India Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 43 Japan Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 44 South Korea Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 45 Central & South America Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 46 Middle East & Africa Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 47 Saudi Arabia Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 48 UAE Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 49 Egypt Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 50 Kuwait Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 51 Qatar Carbon Fiber Composites Market Estimates & forecast, 2021-2033 (USD Million)
Figure 52 Competition Categorization
Figure 53 Company Market Positioning
Figure 54 Company Heat Map Analysis, 2024

Companies Mentioned

The companies profiled in this Carbon Fiber Composites market report include:
  • Toray Industries
  • TEIJIN LIMITED
  • Mitsubishi Chemical
  • Hexcel
  • SGL Carbon
  • Syensqo
  • DowAksa
  • ZOLTEK
  • Hyosung Advanced Materials
  • Carbon Composites, Inc.

Table Information

Report AttributeDetails
No. of Pages107
PublishedDecember 2025
Forecast Period2024 - 2033
Estimated Market Value ( USD ) in 2024 $ 24.37 Billion
Forecasted Market Value ( USD ) by 2033 $ 47.91 Billion
Compound Annual Growth Rate7.8%
Regions CoveredGlobal
No. of Companies Mentioned11

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