Carbon Fiber Market Size, Share & Analysis to 2030

Carbon Fiber Market: Trends, Opportunities & Competitive Analysis to 2030

Key data points: The market size in 2023 = $3.4 billion, growth forecast = 6% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global carbon fiber market to 2030 by end use (aerospace, industrial, and sporting goods), precursor type (PAN based and Pitch based), tow size (small tow (<=24k) and large tow (>24k)), modulus (standard modulus, intermediate modulus, and high modulus), and region (North America, Europe, APAC and the Rest of the World).

Publisher: Lucintel Publication date: February 2024

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Carbon Fiber Market Trends and Forecast

Lucintel finds that the future of the global carbon fiber market looks promising with opportunities in the aerospace, industrial, and sporting goods end uses. The global carbon fiber market is expected to reach an estimated $5 billion by 2030 with a CAGR of 6% from 2023 to 2030. The global carbon fiber market has experienced substantial growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy expansion, and growing applications in sports and leisure sectors. Carbon fiber is widely used in industries such as automotive, aerospace, wind energy, sports equipment, construction, and marine, among others. The major drivers for market growth are growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.

This 306-page report includes a total of 119 figures and charts, as well as 113 tables, to assist in your business decisions.