Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Carbon Composites Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Carbon Composites Industry in 2024 and 2025?
The market size of carbon composites has seen a substantial increase in the past. It was at $20.57 billion in 2024 and is predicted to climb to $21.71 billion in 2025 with a compound annual growth rate (CAGR) of 5.6%.
What Is the Projected Market Size of the Carbon Composites Market in 2029?
The Carbon Composites market is projected to reach a value of $28.25 billion in 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 6.8%.
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What Are the Key Drivers of Carbon Composites Market Growth?
The key Drivers in the carbon composites market are:
• The growing expansion of the automotive industry
• Increasing global demand for personal mobility
• Advancements in electric vehicle technologies
• The use of carbon composites for weight reduction and efficiency improvement in vehicles
What Are the Primary Segmentation Categories in the Carbon Composites Market?
The carbon compositesmarket covered in this report is segmented –
1) By Type: Virgin Fiber (VCF), Recycled Fiber (RCF)
2) By Matrix: Hybrid, Metal, Ceramic, Carbon, Polymer
3) By Process: Prepreg Layup Process, Pultrusion And Winding, Wet Lamination And Infusion Process, Press And Injection Processes, Other Processes
4) By Application: Composite, Non-Composite, Other Application
5) By End-User: Aerospace, Automotive, Wind Turbines, Sport And Leisure, Civil Engineering, Marine
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What Are the Major Trends Shaping the Carbon Composites Market in 2025 and Beyond?
The key trends in the carbon composites market are:
• Development of advanced materials such as heat-resistant ceramic matrix composites is a key emerging trend.
• The future of the carbon composites market is being influenced by attempts to enhance performance and durability in extreme conditions.
• The adoption of non-traditional materials like pitch-based carbon fibers over traditional ceramic fibers is a growing trend.
• The market is witnessing a trend towards manufacturing materials suitable for innovative applications such as reusable space transport systems.
Who Are the Emerging Players in the Carbon Composites Market?
The key players in the carbon composites market are:
• Northrop Grumman Corporation
• Mitsubishi Chemical Holdings Corporation
• 3M Company
• Toray Industries Inc.
• Solvay S.A.
• Teijin Limited
• GKN Aerospace Services Limited
• Zhongfu Shenying Carbon Fiber Co Ltd.
• Epsilon Composite SAS
• Hexcel Corporation
• TPI Composites Inc.
• Freudenberg Performance Materials
• Mersen S.A.
• Kordsa Global
• SGL Carbon SE
• Rockman Industries Limited
• Hexagon Composites
• SAERTEX GmbH and Co. KG
• Mubea Fahrwerksfedern GmbH
• CFC Carbon Co Ltd.
• Toyo Tanso Co Ltd.
• Advanced Composites Inc.
• Dowaksa Advanced Composites
• China Composites Group Corporation Ltd.
• Carbon Composites Inc.
Which Regions Are Leading the Growth in the Global Carbon Composites Market?
Asia-Pacific was the largest region in the carbon composites market in 2024
