Carbon Fiber Companies

The carbon fiber market is projected to grow from USD 4.82 billion in 2025 to USD 6.82 billion by 2030, at a CAGR of 7.2% during the forecast period.

The growth of the carbon fiber market is influenced by advancements in manufacturing technologies and the growing demand from end-use industries such as aerospace & defense, wind energy, automotive, and sporting goods. Advancements in production technologies like cost-effective processes and recycling have improved the accessibility of carbon fiber. In industries such as aerospace & defense, companies like Boeing and Airbus employ carbon fiber composites for improved fuel efficiency. In the automotive sector, carbon fiber is primarily used in electric vehicles and high-end cars due to its lightweight nature and impact strength. Sustainability issues have resulted in the increased adoption of carbon fiber because of its ability to minimize carbon emissions and increase energy efficiency, especially in transportation. The renewable energy industry, particularly wind power, also depends on carbon fiber for efficient turbine blades, contributing to market growth. Additionally, its use in sports equipment, consumer electronics, and premium products has boosted its commercial appeal. However, its high production cost and complex processing techniques have limited its widespread acceptance.

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Carbon Fiber Companies

Toray Industries, Inc. (Japan)

Toray Industries, Inc. is a Japanese multinational company specializing in advanced materials and technologies. The company operates across various sectors, including fibers and textiles, performance chemicals, carbon fiber composite materials, and environmental and engineering solutions. It offers carbon fibers through its carbon fiber composite materials business segment, which is designed to meet the rigorous demands of aerospace and industrial applications. Toray Industries has operations in Japan, China, South Korea, the US, and several European nations. The company’s commitment to innovation and sustainability is evident in its continuous development of advanced carbon fiber technologies and its strategic initiatives to reduce CO2 emissions, aiming for carbon neutrality by 2050.

Hexcel Corporation (US)

Hexcel Corporation is a global leader in the carbon fiber market, primarily serving the aviation and aerospace industries. The company operates through two main segments: Composite Materials and Engineered Products. The company specializes in developing and marketing lightweight, high-performance materials and structures, such as carbon fibers, composites, prepregs, honeycombs, matrix systems, adhesives, and composite structures. These products are used across various sectors, including aerospace, defense, automotive, and industrial applications. Under its Composite Materials segment, Hexcel offers continuous carbon fibers branded as HexTow. The company has a strong global presence, with 22 manufacturing facilities across North America, Europe, and the Asia Pacific.

Teijin Limited (Japan)

Teijin Limited is a key player in the global carbon fiber market. Teijin Carbon Europe GmbH (a principal subsidiary of Teijin Limited) has been manufacturing high-performance carbon fiber under the brand name Tenax. It also offers advanced material solutions, including high-temperature resins, prepreg systems, new fibers, and tailored sizing, among others. Teijin Limited is expanding its global reach by entering into agreements and partnerships with other companies in the market. It is also acquiring major suppliers to boost its production capacity to meet the increasing demand. The company spends significantly on research & development for new products.

CARBON FIBER MARKET: MARKET RANKING

The carbon fiber market is consolidated, with the top five players accounting for 60–70% of the market share, which indicates that there are a large number of players operating within this emerging market. Toray Industries’ leading position in this market can be attributed to its technological innovation, strong research and development capabilities, extensive production capacity, and strategic partnerships across various industries. As one of the pioneers in carbon fiber manufacturing, the company has developed high-performance carbon fiber materials that are widely used in aerospace, automotive, wind energy, and sporting goods industries. Other prominent companies in the carbon fiber industry include Hexcel Corporation and Teijin Limited. These companies have made significant progress in offering competitive products and solutions to meet various carbon fiber applications and needs. Companies such as Mitsubishi Chemical Group Corporation and Zhongfu Shenying Carbon Fiber Co., Ltd. are helping diversify the carbon fiber market as these companies are pioneering advanced technologies and increasing their manufacturing capacity, which in turn, will also support the growth of the overall carbon fiber sector.

Related Reports:

Carbon Fiber Market by Raw Material Type (Pan, Pitch), BFiber 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), Region - Forecast to 2030