Introspective Market Research Forecasts the Global Carbon Fiber Market to Surge Toward ~US$ 10.7 Billion by 2030 Amid Rising Aerospace, EV, and Renewable Energy Demand

Chicago, USA – [Insert Current Date] — Introspective Market Research (IMR) today released its definitive Carbon Fiber Market Report 2025–2030, projecting significant expansion across the global carbon fiber ecosystem. According to the study, the market—valued at approximately US$ 5.7 billion in 2024—is expected to nearly double, reaching ~US$ 10.7 billion by 2030, driven by a robust 10.9% CAGR between 2025 and 2030.

This acceleration reflects unprecedented adoption across aerospace, next-generation electric vehicles, wind energy infrastructure, and advanced composites manufacturing. Rapid advances in recycling technologies, automation, and hybrid material engineering are further unlocking mass-market opportunities.

 

Quick Insights (2024–2030)

·         2024 Market Size: ~US$ 5.75 billion

·         2030 Forecast: ~US$ 10.68 billion

·         2025–2030 CAGR: ~10.9%

·         Top Raw Material: Polyacrylonitrile (PAN) – ~88.99% share (2024)

·         Tow Segment Split (2024):

o    Small tow: ~69.2% share

o    Large tow: Fastest-growing (CAGR ~11.1%)

·         Top Application: Composite materials – ~57.7% (~US$ 2,942.7M in 2024)

·         Fastest-Growing Application: Microelectrodes (CAGR ~12%)

·         Top End-User Industry: Aerospace & Defense (~43.6%, ~US$ 2,224.5M in 2024)

·         Fastest-Growing End-User: Automotive (CAGR ~13.2%, 2024–2029)

·         Leading Region (2024): Western Europe (~32.35%, ~US$ 1,649.5M)

·         Volume Outlook: From ~207.6 kilotons (2025) to ~402.9 kilotons (2030) — CAGR ~18.1%

·         Prominent Players: Toray, Hexcel, Mitsubishi Chemical, Teijin, SGL Carbon, Solvay, and others

 

Revenue Highlights (Selected Segments)

Segment

2024 Value (US$ Million / Share)

Outlook

Raw Material – PAN

~US$ 4,538.0M (~88.99%)

Remains dominant precursor due to maturity, strength, and reliability.

Tow Size – Small Tow

~US$ 3,528.3M (~69.2%)

High demand in aerospace and EV applications.

Application – Composite Materials

~US$ 2,942.7M (~57.7%)

Continues to anchor structural applications.

End-User – Aerospace & Defense

~US$ 2,224.5M (~43.6%)

Critical demand driver for high-performance carbon fiber.

 

What’s Powering the Carbon Fiber Boom?Lightweighting Across High-Performance Industries

Aerospace manufacturers continue to replace metal components with carbon fiber structures, while EV makers are rapidly adopting the material for battery enclosures, chassis components, and weight reduction across platforms.

Wind Energy Scaling and Blade Optimization

As global renewable energy projects expand, next-generation wind turbines—especially those exceeding 70 meters in blade length—rely heavily on carbon fiber for stiffness and aerodynamic efficiency.

Breakthroughs in Recycling and Green Materials

Recycling innovations such as pyrolysis, supercritical fluid extraction, and solvolysis are lowering both costs and emissions, creating high-quality recycled carbon fiber (rCF) suitable for automotive and consumer electronics.

Automation, Process Advances & Hybrid Materials

Technologies such as automated fiber placement, microwave-assisted carbonization, robotic lay-up, and carbon–glass hybrid composites are reducing manufacturing time while improving structural strength.

 

Emerging Opportunities & TrendsCould recycled carbon fiber redefine affordability and sustainability?

Yes. Recycled carbon fiber offers 30–40% cost savings, strong ESG credentials, and growing acceptability in automotive, electronics, and mid-performance industrial applications.

Will hybrid composites become a new design standard?

Absolutely. Hybrid composites enable tunable properties, broader application possibilities, and significant reductions in overall weight.

Is Asia-Pacific set to dominate future demand?

Asia-Pacific is projected to experience the fastest volume-based expansion, propelled by high EV production, growing aircraft manufacturing, favorable government policies, and booming renewable energy investments.

 

Expert Commentary

“The carbon fiber market is shifting from specialty applications to scalable mass-market adoption,” said Dr. Neeraj Sharma, Principal Consultant at Introspective Market Research.
“As recycled fiber availability rises and processing technologies evolve, we expect carbon fiber to move firmly into mainstream automotive, infrastructure, and renewable energy sectors. This evolution marks a true transformation—not just in volume, but in carbon fiber’s role within global manufacturing.”

 

Regional & Segmentation AnalysisNorth America

Driven by aerospace & defense innovations, strong R&D spending, and material-intensive EV platforms across the U.S. and Canada.

Western Europe

Currently the largest regional market (32%+), with steady demand from wind energy, high-end automotive, and industrial applications.

Asia-Pacific

Expected to deliver the fastest growth, supported by China’s mega-scale EV market, fast-growing aviation sector, and aggressive renewable infrastructure projects.

Raw Materials

PAN remains the overwhelmingly preferred precursor, although pitch-based fibers are gaining traction for high-modulus and thermal applications.

Tow Sizes

·         Small tow remains dominant for aerospace

·         Large tow is emerging as the cost-efficient solution for automotive and industrial applications

 

Breakthrough Innovations from Industry Leaders

·         Hexcel Corporation launched IM9 24K continuous fiber, designed for ultra-lightweight aerospace structures.

·         Toray Industries introduced TORAYCA M46X, boasting 20% higher strength—ideal for space and high-performance systems.

·         Toray–Lenovo Collaboration marked a sustainability milestone by integrating recycled carbon fiber in the ThinkPad X1 Carbon Gen 12 structure.

 

Market Challenges & Cost Pressures

Despite strong momentum, several structural hurdles remain:

·         High cost of PAN precursors and energy-intensive carbonization (US$ 15–20/kg)

·         Supply-chain concentration causing long lead times for aerospace-grade fiber

·         Recycling scalability and standardization challenges

·         Strict regulatory and certification barriers for automotive and aerospace-grade rCF

 

Case Study: Carbon Fiber for Extended-Length Wind Turbine Blades

A global turbine manufacturer partnered with a leading fiber supplier to engineer 80-meter carbon fiber blades.
Key results included:

·         Significant weight reduction

·         Improved stiffness-to-weight ratio

·         Increased energy capture

·         Integration of recycled carbon fiber for non-critical sections

·         Reduced waste and improved sustainability metrics

This dual-material approach highlights the market’s growing focus on both performance and circularity.

 

Why the IMR Carbon Fiber Report Matters

The report is essential for:

·         Aerospace and EV manufacturers

·         Composite producers

·         Energy and infrastructure developers

·         Investors evaluating circular-materials opportunities

·         Policymakers and ESG strategists

Request a Sample or Meet With Our Team

Get access to:

·         Custom regional forecasts

·         Scenario modeling for recycled carbon fiber adoption

·         Supply-chain and pricing outlooks

·         Competitive landscape benchmarking

???? Request your sample report or schedule a consultation now.

 

About Introspective Market Research

Introspective Market Research (IMR) is a global market intelligence and strategy consulting firm delivering actionable insights across high-growth industries. Our analysts combine industry expertise, data science, and forward-thinking research methodologies to help clients navigate complex markets and identify future opportunities.

Contact:
Introspective Market Research
Phone: +1-773-382-1047
Email: [email protected]
Website: www.introspectivemarketresearch.com