Contact Us

Global Carbon Composites Size 2025, Forecast To 2034

19 Mar, 2025

What Has Been The Evolution of the Carbon Composites Market in Recent Years?

The carbon composites market has seen considerable growth due to a variety of factors.
• The size of the carbon composites market has seen significant expansion in the recent past. It is predicted to increase from $20.57 billion in 2024 to $22.11 billion in 2025, showing a compound annual growth rate (CAGR) of 7.5%.
Factors contributing to growth during the historic period include the establishment of regulations and standards, government policies, advancements in sports equipment, the growth of infrastructure and construction, and the emergence of electric vehicles.

What Are the Future Growth Projections for the Carbon Composites Market?

The carbon composites market is expected to maintain its strong growth trajectory in upcoming years.
• The carbon composites market is anticipated to experience significant growth in the coming years, escalating to $29.08 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%.
The projected growth during this period can be associated with factors such as the heightened demand for superior materials, a surge in consumer electronics, growing consciousness about sustainability and lifecycle outcomes, the launch of new aerospace programs, and higher automotive safety standards. Key trends expected in this forecast period encompass developments in 3D printing, topology optimisation, increased application of AI and machine learning, advances in green chemistry and biocomposites, along with in-place curing and manufacturing.

What Are The Core Factors Supporting Growth In The Carbon Composites Market?

The carbon composites market is predicted to experience accelerated growth, fueled by the expansion of the automotive industry, which encompasses the designing, developing, manufacturing, and selling of motor vehicles. The surge in the automotive industry can be attributed to escalated global demand for individual transportation and considerable progress in electric vehicle (EV) technologies. Carbon composites contribute to reducing vehicle weight, thereby enhancing fuel efficiency, boosting performance, and lowering emissions, while sustaining high strength and solidity. For example, in February 2024, the Society of Motor Manufacturers and Traders, a trade association based in the UK, reported a significant increase of 21.0% in British car manufacturing, reaching a total of 82,997 units in January 2024. There was also an 11.6% growth in export volumes and a 4.5% augmentation in electrified vehicle production, registering 29,590 units. Consequently, the burgeoning growth of the automotive industry propels the advancement of the carbon composites market.

What Are The Major Segments Within The Global 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 Subsegments:
1) By Virgin Fiber (VCF): Carbon Fiber Reinforced Polymer (CFRP), Carbon Fiber Reinforced Plastic (CFRP)
2) By Recycled Fiber (RCF): Recycled Carbon Fiber (rCF), Recycled Carbon Fiber Reinforced Polymer (rCFRP)

Pre-Book The Carbon Composites Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:

What New Trends Are Influencing The Carbon Composites Market?

Top-tier companies in the carbon composites market are leaning towards the creation of state-of-the-art materials like carbon fiber-oriented heat-resistant ceramic matrix composites, to boost performance and resilience under severe conditions. These composite materials (CMCs), designed with the strength and stiffness of carbon fibers and the heat and chemical stability of ceramic matrices, are a novel advancement in the sector. For instance, in February 2024, Japan's Mitsubishi Chemical Group spearheaded the launch of a superior heat-resistant ceramic matrix composite (CMC), capable of withstanding temperatures up to 1,500 °C. This CMC, innovatively uses pitch-based carbon fibers rather than the conventional ceramic fibers. After withstanding harsh heat for extended periods, this pioneering material retains its strength, making it ideal for utilization in aerospace, especially in the reusable space transport systems.

Who Are the Key Players In The Carbon Composites Market?

Major companies operating 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.

What Is The Most Dominant Region In The Carbon Composites Market?

Asia-Pacific was the largest region in the carbon composites market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.