What will be the future development trend of the market size of carbon fiber?

The market size of carbon fiber is expected to show a continuous growth trend in the future. The following is a specific analysis

Global market

The scale continues to expand: The global carbon fiber market sales were approximately 2.855 billion US dollars in 2024. It is expected to reach 4.733 billion US dollars by 2031, with a compound annual growth rate of 7.5%. By 2030, the global demand for carbon fiber will reach approximately 60,000 tons, with an average annual growth rate of about 8.7%. The global carbon fiber market size is expected to exceed 60 billion yuan by 2030.

The expansion of application fields drives growth: In the aerospace sector, by 2030, the global demand for carbon fiber in the aerospace field will reach approximately 35% of the total demand. In terms of automotive lightweighting, the demand in the automotive sector is expected to reach 12,000 tons in 2025, and the market size will exceed 20 billion yuan in 2030. In the wind power sector, the global market size of wind power is expected to exceed 10 billion yuan by 2030. In the hydrogen energy sector, the global market size is expected to exceed 3 billion US dollars by 2030. In addition, the application of carbon fiber in fields such as consumer electronics, robots, and medical devices is also constantly expanding. For instance, the global demand for carbon fiber in the industrial robot sector is expected to grow at a compound annual growth rate of over 12% by 2025.

Chinese market

The market size is growing rapidly: The market size of carbon fiber in China was approximately 17.14 billion yuan in 2024 and is expected to reach 18 billion yuan in 2025, with a compound annual growth rate of about 5% to 8%. It is expected to exceed 20 billion yuan in 2027, with an average annual growth rate of approximately 6% to 10%.

Production capacity and output have been continuously increasing: China's carbon fiber production capacity reached 135,500 tons in 2024, is expected to increase to 150,800 tons in 2025, and is likely to exceed 180,000 tons in 2027. The capacity utilization rate is gradually rising to over 70%.

The demand in emerging fields has become the core growth point: in the aerospace field, the domestic large aircraft C919 has entered mass production, and the demand for unmanned aerial vehicles and commercial aerospace has exploded. In the low-altitude economy sector, the market size of eVTOL aircraft is expected to reach 1.5 trillion yuan by 2025, with the proportion of carbon fiber usage increasing to over 20%. In the field of new energy, the demand for carbon fiber in wind turbine blades and hydrogen storage tanks has significantly increased. For instance, the demand for carbon fiber in hydrogen storage bottles in China may reach 15,000 tons by 2025.

The driving factors for the future growth of the carbon fiber market size mainly include: technological progress promoting cost reduction, enabling carbon fiber to be applied in more fields; The global demand for lightweight and high-performance materials is constantly increasing. Carbon fiber, with its excellent properties such as high strength, low density and corrosion resistance, has irreplaceable advantages in many fields. Governments around the world have been continuously increasing their policy support for the carbon fiber industry, promoting its development.