Press Release

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.

Browse over XX 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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