Frequently Asked Questions
The global carbon fiber composite market was valued at USD 18.6 Billion in 2022.
The carbon fiber composite market is expected to grow at a CAGR of 6.50% between 2023 and 2030, reaching USD 28.90 Billion in 2030.
Virgin Carbon fiber is the leading segment by raw material, holding more than half of the share in value in 2022.
The continuous carbon fiber segment governs the demand for carbon fiber Composite worldwide, holding a massive share of nearly 45% in 2022.
The composite segment is expected to post the highest CAGR during the forecast period.
Europe is fueling the growth of the Carbon Fiber Composite industry, with a nearly two-fifth share in 2022.
The top players include Solvay, Nippon Carbon Co Ltd., TORAY INDUSTRIES INC., Teijin Aramid BV, Mitsubishi Chemical Holdings Corporation, Carbon Composites Inc.¸SGL Carbon, Hexcel Corporation, China Composites Group Corporation Ltd, Rockman, Epsilon Composite, Plasan Carbon Composites and others.
The rise in the demand for carbon fiber composite from aerospace and defense is driving market growth.
The complexities associated with recycling carbon composites restrain the Carbon Fiber Composite industry.
Increasing demand from the automotive sector offers lucrative growth opportunities for the Carbon Fiber Composite industry.