According to the report “Carbon Fiber Market by Raw Material Type (PAN, Pitch), Fiber Type (Virgin, Recycled), Modulus (Standard, Intermediate, High), Product Type (Continuous, Long, Short), Application (Composites, Non-Composites), End-use Industry (Aerospace & Defense, Automotive, Wind Energy, Pipe & Pressure Vessels, Sporting Goods, Construction & Infrastructure, Medical & Healthcare, and Marine), and Region – Global Forecast to 2030”, the global carbon fiber market is projected to grow from USD 4.82 billion in 2025 to USD 6.82 billion by 2030, recording a CAGR of 7.2%.
Market growth is primarily driven by the increasing number of manufacturers, government support, and the expansion of carbon fiber production. Rising competition has fueled innovation, leading to the development of lightweight, high-strength carbon fibers. With industries emphasizing fuel efficiency, sustainability, and high performance, carbon fiber has emerged as a highly desirable material across multiple sectors.
The full report includes 321 market data tables, 74 figures, and 326 pages of detailed insights.
Prominent players include: Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Hexcel Corporation (US), Solvay (Belgium), and SGL Carbon (Germany), among others.
Wind Energy: Second-Highest Growth Segment
The wind energy sector is expected to record the second-fastest CAGR in the carbon fiber market during the forecast period. Carbon fiber’s high strength-to-weight ratio enables the production of longer, lighter, and more durable turbine blades, which significantly improve turbine efficiency. Its superior mechanical properties also help blades withstand long-term stress, reducing maintenance costs and extending operational lifespan. With global momentum toward renewable energy, carbon fiber is playing a vital role in boosting the efficiency, reliability, and sustainability of wind power systems.
Europe: Leading the Global Market
Europe currently holds the largest share of the carbon fiber market in both value and volume. The region’s strong focus on sustainability, decarbonization, and adoption of electric vehicles is driving demand for lightweight, high-performance materials.
In the automotive sector, carbon fiber helps reduce vehicle weight, improving fuel efficiency and cutting CO₂ emissions, thereby ensuring compliance with strict EU regulations. Meanwhile, the aerospace industry is extensively adopting carbon fiber composites to manufacture lighter aircraft, lowering fuel use and operational costs. Airbus, among other leaders, has integrated these materials to meet environmental goals and enhance performance.
The EU’s stringent environmental policies are further accelerating adoption, positioning Europe at the forefront of carbon fiber innovation and application.