The global carbon fiber market has witnessed robust growth due to its high strength-to-weight ratio, durability, and adaptability across industries. Valued at 4.5 billion USD, the market is expected to grow at CAGR of 9.10% during the forecast period, driven by demand in sectors such as automotive, aerospace, wind energy, construction, and sports equipment. As a lightweight yet extremely strong material, carbon fiber has gained traction in applications where performance and weight reduction are critical, particularly in the automotive and aerospace industries.

In 2023, automotive and aerospace remained the top consumers of carbon fiber, while other sectors like construction and wind energy showed a rising demand. By region, North America, Europe, and Asia-Pacific dominated the market in terms of both production and consumption, with Asia-Pacific leading due to extensive manufacturing facilities and raw material availability. Global carbon fiber consumption has steadily increased from 2017 to 2023, with automotive applications driving composite revenues in the segment. Among countries, the United States, Japan, and China hold significant production capacity, making them key players in the industry.

1. Market Snapshot

2. Key Takeaways

3. Revenue of Global Carbon Fiber Market in USD Billion (2017-2032F)

4. Global Carbon Fibre Demand by Application in Thousands Tonnes in 2023

5. Cost Contribution of Various Elements in Carbon Fibre Production In 2023

6. Distribution of Carbon Fiber Consumption Worldwide In 2023 By End-use

7. Carbon Composites Revenues In US$ Million in The Automotive Sector According to Subsegment In the Year Of 2023

8. Number of Carbon Fiber and Graphene Manufacturing Businesses In The United States From 2017 To 2023

9. Global Carbon Fiber Consumption in Tonnes from 2017 To 2023

10. Global Demand For Carbon Fiber Reinforced Plastics From 2017 To 2023 (in 1,000 Metric Tons)

11. Global Carbon Fiber Demand From 2017 To 2025, By Market (in Metric Tons)

12. Consumption of Carbon Fiber in Different Industries In 2023

13. Distribution of Global Carbon Fiber Production Capacity In 2023, By Country

14. Global Carbon Composite Revenue In 2023, By Region (in Billion U.S. Dollars)

15. Leading Carbon Fiber Manufacturers By Production Capacity In 2023 (In 1,000 Metric Tons)

16. Share of Carbon Fiber Manufacturers Worldwide In 2023

17. Carbon Fiber Technology Deployment Line Partnerships