Carbon Fiber Composites Market to Grow with a CAGR of 6.15% through 2030
Growth
in Wind Energy Installations is expected to drive the Global Carbon
Fiber Composites Market growth in the forecast period, 2026-2030.
According to
TechSci Research report, “Carbon Fiber
Composites Market - Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Carbon Fiber Composites Market stood at USD 19.87 Billion in 2024
and is anticipated to grow with a CAGR of 6.15% through 2030. The rapid
expansion of wind energy installations is a major driver
propelling the global carbon fiber composites market. As countries accelerate
their transition to renewable energy, the demand for larger, more
efficient wind turbines has increased. To meet performance and
durability requirements, manufacturers are increasingly turning to carbon
fiber composites, especially for longer turbine blades used
in both onshore and offshore wind farms.
Carbon
fiber offers superior strength-to-weight ratio, enabling blades to
be longer without compromising structural integrity. This results in higher
energy output and lower operational costs over time.
Offshore turbines, which are exposed to harsh environmental conditions,
especially benefit from carbon composites due to their corrosion
resistance, fatigue strength, and lightweight properties, which reduce
installation and maintenance burdens. Major wind energy producers such as China,
the U.S., and Germany continue to invest heavily in wind
infrastructure. For instance, China leads global wind capacity additions, while
the U.S. has announced ambitious targets for offshore wind deployment. These
trends are boosting the use of advanced materials like carbon fiber, directly
supporting market growth. In addition, the development of modular blade
designs and recyclable composite technologies aligns with
sustainability goals and the circular economy, further integrating carbon fiber
solutions into the future of wind energy.
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market data Figures spread through XX Pages and an in-depth TOC on "Global
Carbon Fiber Composites Market”
Global Carbon
Fiber Composites Market is segmented into matrix material, end use, regional
distribution, and company.
Based on end use,
automotive emerged as the fastest
growing segment in the global market for Carbon Fiber Composites in 2024. This rapid
growth is driven by the accelerating transition to electric vehicles (EVs),
where lightweight materials are critical to improving battery efficiency,
extending driving range, and meeting stringent emissions regulations.
Automakers are increasingly integrating carbon fiber composites into vehicle
structures, including battery enclosures, chassis systems, and body panels, to
enhance performance and reduce overall weight. Additionally, the push for
sustainable mobility and high fuel efficiency, combined with advancements in
mass production techniques, is making carbon fiber solutions more scalable and
economically viable for large-volume automotive manufacturing.
Based on Region,
the Asia Pacific emerged as the fastest growing region in the global market for
Carbon Fiber Composites in 2024. This is due to combination of rapid
industrial expansion, strong government support, and increasing investment
across multiple high-growth sectors. Countries such as China,
Japan, South Korea, and India are leading the charge, driven by
surging demand in automotive, aerospace, wind energy, infrastructure,
and electronics. China
is not only the world’s largest automobile producer but also a global leader
in electric vehicle (EV) adoption, where lightweight carbon fiber
components are being increasingly used to improve efficiency and battery range.
At the same time, China dominates the global wind energy market,
with the highest number of installed turbines, where carbon fiber composites
are essential for lightweight, high-performance blades. In Japan and South
Korea, the presence of advanced automotive and electronics manufacturing hubs coupled
with continuous R&D in lightweight materials further boosts demand. India’s
rapidly growing civil aviation and renewable energy sectors,
alongside favorable government policies like “Make in India” and
net-zero targets, are also contributing to accelerated market growth. Moreover,
the region benefits from lower production costs, growing domestic
supply chains, and increasing foreign direct investment (FDI) in
advanced composite manufacturing. Together, these factors position Asia-Pacific
as the most dynamic and fastest-growing region in the global carbon fiber
composites market.
Major companies
operating in Global Carbon
Fiber Composites Market are:
- Toray
Industries Inc
- SGL
Carbon SE
- Mitsubishi
Chemical Carbon Fiber and Composites, Inc.
- Hexcel
Corporation
- Rock
West Composites, Inc.
- Teijin
Limited
- Solvay
S.A.
- DowAksa
Advanced Composites Holdings BV
- Nippon
Graphite Fiber Co., Ltd.
- Hyosung
Advanced Materials
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“The global carbon fiber composites
market is entering a dynamic phase of expansion, driven not only by aerospace
and automotive demand but also by increasing adoption in energy, industrial,
and consumer sectors. As sustainability becomes central to corporate strategy,
carbon composites are being recognized for their role in reducing weight,
enhancing durability, and improving energy efficiency across a wide range of
applications. Innovations in recyclable and bio-based composites are opening
new opportunities, while regional manufacturing hubs in Asia-Pacific are
accelerating accessibility and affordability. The market is evolving from
high-performance use cases to broader industrial integration, reflecting its
growing importance in the global materials economy”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Carbon Fiber
Composites Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Matrix Material (Polymer, Carbon, Ceramics,
Metal, Hybrid), By End Use (Aerospace, Automotive, Wind Turbines, Sport &
Leisure, Civil Engineering, Marine, Others), By Region and
Competition, 2020-2030F”, has evaluated
the future growth potential of Global Carbon Fiber Composites Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Carbon Fiber Composites Market.
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