Global Carbon Fiber Market Size & Outlook, 2022-2030

The carbon fiber industry worldwide is expected to reach a projected revenue of US$ 10,683.3 million by 2030. A compound annual growth rate of 10.9% is expected of the worldwide carbon fiber industry from 2023 to 2030.

Revenue, 2022 (US$M)
$4,669.3
Forecast, 2030 (US$M)
$10,683.3
CAGR, 2023 - 2030
10.9%
Report Coverage
Worldwide

Global carbon fiber market highlights

  • The global carbon fiber market generated a revenue of USD 4,669.3 million in 2022 and is expected to reach USD 10,683.3 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 10.9% by 2030.
  • In terms of segment, pan accounted for a revenue of USD 4,491.8 million in 2022.
  • 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 2022.
  • Country-wise, Taiwan is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 4,669.3 million
Market revenue in 2030USD 10,683.3 million
Growth rate10.9% (CAGR from 2022 to 2030)
Largest segmentPan
Fastest growing segmentPAN
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPAN, Pitch

Other key industry trends

  • In terms of revenue, the North America accounted for 21.6% of the global carbon fiber market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Taiwan is the fastest growing regional market and is projected to reach USD 303.0 million by 2030.

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Carbon Fiber Market Scope

Carbon fiber market segmentation & scope
PAN
Pitch
Small tow
Large Tow
Automotive
Aerospace & Defense
Wind Turbines
Sports/Leisure
Molding & Compound
Construction
Pressure Vessels
Others

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 96.2% in 2022. 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

  • Our clientele includes a mix of carbon fiber market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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.

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Global carbon fiber market size, by regions, 2018-2030 (US$M)

Top 10 countries: Carbon fiber market size, 2022 (US$M)

Global carbon fiber market share, by raw material, 2022 & 2030 (%, US$M)

Carbon Fiber Market: Opportunity Assessment By Country

Global carbon fiber market, by region, 2022 (US$M)

Global carbon fiber market size, by regions, 2018-2030 (US$M)

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