The Carbon Fiber Global Market Report 2023, provides comprehensive information on the carbon fiber market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.



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The global carbon fiber market size is expected to grow from $4.27 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global carbon fiber market size is expected to reach $6.57 billion in 2027 at a CAGR of 8.8%.


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Technological innovations are a key trend gaining popularity in the carbon fiber market going forward. Major companies operating in the carbon fiber market are developing innovative technologies to strengthen their position in the market. For instance, in December 2022, Asahi Kasei Corporation, a Japan-based chemical company, developed a recycling technology for inexpensive, high-quality carbon fiber. This innovative recycling technology aims to implement a recycling system using recycled carbon fiber from automobiles to make new carbon fiber-reinforced plastic (CFRP) or carbon fiber-reinforced thermoplastic (CFRTP) for cars. It has made it possible to produce high-quality, reasonably priced CFRTP using recycled carbon fiber from cars. Additionally, it will reduce vehicle weight and save energy.

The carbon fiber market is segmented:
1) By Type: Virgin Fiber (VCF), Recycled Carbon Fiber (RCF)

2) By Raw Material: Polyacrylonitrile (PAN), Petroleum Pitch, Rayon

3) By Tow: Large Tow, Small Tow

4) By Application: Composite Materials, Textiles, Microelectrodes, Catalysis

5) By End-Users: Aerospace And Defense, Automotive, Wind Energy, Pipes And Tanks, Sporting Goods, Other End-Users
Western Europe was the largest region in the carbon fiber market in 2022.

The table of contents in TBRC’s carbon fiber market report includes:
1. Executive Summary
2. Carbon Fiber Market Characteristics
3. Carbon Fiber Market Trends And Strategies
4. Carbon Fiber Market - Macro Economic Scenario
5. Carbon Fiber Market Size And Growth
..............
26. Africa Carbon Fiber Market
27. Carbon Fiber Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Carbon Fiber Market
29. Carbon Fiber Market Future Outlook and Potential Analysis
30. Appendix
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