Global Carbon Fiber Market Size & Outlook, 2024-2030
Global carbon fiber market, 2018-2030 (US$M)
Related Markets
Global carbon fiber market highlights
- The global carbon fiber market generated a revenue of USD 5,747.9 million in 2024 and is expected to reach USD 10,683.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 10.9% by 2030.
- In terms of segment, pan accounted for a revenue of USD 6,147.0 million in 2024.
- PAN is the most lucrative raw material segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 5,747.9 million |
| Market revenue in 2030 | USD 10,683.3 million |
| Growth rate | 10.9% (CAGR from 2025 to 2030) |
| Largest segment | Pan |
| Fastest growing segment | PAN |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAN, Pitch |
Other key industry trends
- In terms of revenue, the North America accounted for 21.6% of the global carbon fiber market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,280.6 million by 2030.
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Carbon Fiber Market Scope
Carbon Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global carbon fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon fiber market will help companies and investors design strategic landscapes.
Pan was the largest segment with a revenue share of 106.94% in 2024. Horizon Databook has segmented the Global carbon fiber market based on pan, pitch covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Carbon Fiber Raw Material Outlook (Revenue, USD Million, 2018-2030)
- PAN
- Pitch
- Global Carbon Fiber Product Outlook (Revenue, USD Million, 2018-2030)
- Small tow
- Large Tow
- Global Carbon Fiber Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Aerospace & Defense
- Wind Turbines
- Sports/Leisure
- Molding & Compound
- Construction
- Pressure Vessels
- Others
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Target buyers of Global carbon fiber market databook
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Our clientele includes a mix of carbon fiber market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon fiber market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global carbon fiber market size, by regions, 2018-2030 (US$M)
Top 10 countries: Carbon fiber market size, 2024 (US$M)
Global carbon fiber market share, by raw material, 2024 & 2030 (%, US$M)
Carbon fiber market: Opportunity assessment by country
Global carbon fiber market, by region, 2024 (US$M)
| Raw Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 665.6 | 746.1 | 821.5 | 908.6 | 1,008.6 | 1,120.6 | 1,243.8 | 1,379.5 | 1,531.2 | 1,701.2 | 1,888.4 | 2,094.3 | 2,324.7 | 11.0% |
| Europe | 957.2 | 1,077.3 | 1,190.7 | 1,322.1 | 1,473.2 | 1,643.0 | 1,830.7 | 2,038.0 | 2,270.7 | 2,532.2 | 2,821.3 | 3,140.5 | 3,498.8 | 11.4% |
| Asia Pacific | 871.2 | 974.8 | 1,071.1 | 1,182.3 | 1,309.7 | 1,452.3 | 1,608.8 | 1,780.7 | 1,972.7 | 2,187.3 | 2,423.1 | 2,681.9 | 2,971.0 | 10.8% |
| Latin America | 400.5 | 446.8 | 489.6 | 538.9 | 595.3 | 658.2 | 727.1 | 802.5 | 886.4 | 980.0 | 1,082.4 | 1,194.5 | 1,319.4 | 10.5% |
| MEA | 198.2 | 218.9 | 237.4 | 258.5 | 282.5 | 308.9 | 337.4 | 368.1 | 401.9 | 439.0 | 479.1 | 522.1 | 569.4 | 9.1% |
| Overall | 3,092.8 | 3,463.9 | 3,810.3 | 4,210.4 | 4,669.3 | 5,183.0 | 5,747.9 | 6,368.7 | 7,062.9 | 7,839.8 | 8,694.3 | 9,633.3 | 10,683.3 | 10.9% |
Related regional statistics
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