According to Cognitive Market Research, The Global Carbon Fiber Composite market size is USD 20.2 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.

The demand for carbon fiber composites is rising due to the rising demand in the aerospace industry.
Demand for pan-based carbon fiber remains higher in the carbon fiber composites market.
The virgin carbon fiber category held the highest carbon fiber composites market revenue share in 2023.
North America will continue to lead, whereas the European carbon fiber composites market will experience the most substantial growth until 2030.

Rising Interest of Various Technology Firms in Carbon Fiber 3D Printing to Provide Viable Market Output

The carbon fiber composites market is experiencing substantial growth, propelled by the rising demand for lightweight, high-strength materials across various industries. Carbon fiber composites offer exceptional strength-to-weight ratios and durability, making them perfect for applications in aerospace, automotive, and sports equipment. Moreover, the market is witnessing increased attention from technology firms exploring carbon fiber 3D printing. This emerging trend reflects the industry's pursuit of advanced manufacturing techniques, promising innovative solutions, and customization possibilities for diverse applications in the rapidly evolving technological landscape.

For instance, in January 2023, Roboze announced the latest 3D printing developments obtained from the implementation of two flagship materials: Carbon PA PRO, Carbon PEEK, a PA 6 reinforced with carbon fibers, and a PEEK matrix reinforced with carbon fibers.

(Source: www.tctmagazine.com/additive-manufacturing-3d-printing-news/latest-additive-manufacturing-3d-printing-news/roboze-reveals-new-carbon-fibre-3d-printing-developments-for-metal-replacement/)

Rising Demand of Carbon Fiber Composites in Aerospace Industry to Propel Market Growth

The carbon fiber composites market is experiencing robust growth, with heightened demand driven by its unparalleled strength-to-weight ratio and versatility. Industries, particularly aerospace, increasingly favor carbon fiber composites for structural components, as they enhance fuel efficiency and overall performance. The aerospace sector's demand is fueled by a quest for lightweight materials to improve aircraft efficiency, reduce emissions, and enhance durability. The unique properties of carbon fiber composites position them as a critical player in advancing aerospace technologies and meeting industry demands for innovation.

For instance, in March 2019, Hexcel showcased various composite creations in JEC World 2019 for aerospace and automotive applications, such as HexTow HM50. The material delivers high modulus and tensile strength for commercial and defense aircraft engines.

(Source: www.hexcel.com/News/News-Releases/2736/hexcel-composite-innovations-for-aerospace-automotive-energy-and-marine-applica)

Market Dynamics of the Carbon Fiber Composites

Limited Raw Material Availability to Restrict Market Growth

The carbon fiber composites market faces challenges due to limited raw material availability. Carbon fibers, derived mainly from polyacrylonitrile (PAN) or petroleum-based precursors, are essential components. Fluctuations in PAN supply, dependent on petroleum prices, can impact carbon fiber production. Additionally, alternative precursors, such as pitch, face limited availability. These limitations can result in supply chain disruptions, affecting the overall production and pricing of carbon fiber composites, highlighting the market's vulnerability to raw material availability, and prompting the exploration of sustainable sourcing solutions.

Impact of COVID-19 on the Carbon Fiber Composites Market

The carbon fiber composites market has witnessed significant growth due to the material's lightweight, high-strength properties, finding extensive use in aerospace, automotive, and sporting goods industries. However, the COVID-19 pandemic disrupted global supply chains and manufacturing processes, causing temporary setbacks. Lockdowns, reduced production, and supply chain disruptions impacted the market. Despite these challenges, the market is poised for recovery as industries resume operations, and the increasing demand for lightweight, fuel-efficient materials remains a key...

This report covers Global Carbon Fiber Composites End User industry, Top Carbon Fiber Composites Companies, Carbon Fiber Composites Market, Global Carbon Fiber Composites Market.

The North America carbon fiber market size was valued at XX million in 2025 and is projected to reach XX million by 2033, growing at a CAGR of 17.00% from 2025 to 2033. The growth of the market is attributed to the increasing demand for carbon fiber from various end-user industries, such as aerospace and defense, automotive, and construction. Carbon fiber is a lightweight and strong material that is used in a variety of applications, including aircraft components, automotive parts, and construction materials. The rising demand for lightweight and fuel-efficient vehicles is driving the growth of the carbon fiber market in the automotive industry. Additionally, the increasing use of carbon fiber in construction applications, such as bridges and buildings, is also contributing to the market growth. The North America carbon fiber market is segmented by raw material, type, application, end-user industry, and geography. By raw material, the market is divided into polyacrylonitrile (PAN), petroleum pitch, and rayon. By type, the market is classified into virgin fiber (VCF) and recycled fiber (RCF). By application, the market is segmented into composite materials, textiles, microelectrodes, and catalysis. By end-user industry, the market is divided into aerospace and defense, alternative energy, automotive, construction and infrastructure, sporting goods, and other end-user industries (marine and maritime). By geography, the market is segmented into the United States, Canada, Mexico, and the Rest of North America. The North America carbon fiber market presents a dynamic landscape, characterized by robust growth and transformative applications. This comprehensive report offers an in-depth analysis of the industry's key drivers, challenges, and emerging trends, providing valuable insights for businesses, investors, and industry stakeholders. Recent developments include: March 2023: SGL Carbon launched SIGRAFIL 50k carbon fiber. This is majorly used in the wind and automotive industries, among others. It has high levels of strength of 4.9 GPa and elongation of 2.0 %. The advantages of SIGRAFIL 50k fiber types are increased process efficiency, higher material throughput, faster process times, and less set-up effort., April 2022: Hexcel Corporation and Archer Aviation Inc. announced their collaboration to supply high-performance carbon fiber material that would be used to manufacture Archer's production aircraft., January 2022: Vartega, a US-based company, announced the employment of a new technology for the recycling of carbon fiber waste for the management of carbon fiber waste in the country. The company will be using a patented chemical-based process to rescue carbon fiber waste from an eternity in the landfill.. Key drivers for this market are: Increasing Demand for Fuel-efficient and Lightweight Vehicles, Accelerating Usage in the Aerospace and Defense Sector; Increasing Usage in Renewable Energy. Potential restraints include: High R&D Investments, Other Restraints. Notable trends are: Aerospace and Defense Industry to Dominate the Market.

The European carbon fiber industry is experiencing robust growth, driven by increasing demand across diverse sectors. The market, valued at approximately €X million in 2025 (assuming a logical estimation based on the provided CAGR of >12% and a market size of XX million in an unspecified year – further details would allow for a more precise figure), is projected to maintain a strong compound annual growth rate (CAGR) exceeding 12% through 2033. This expansion is fueled by several key factors. The aerospace and defense industries, significant consumers of carbon fiber due to its high strength-to-weight ratio, are driving substantial demand. Similarly, the burgeoning renewable energy sector, particularly wind turbine manufacturing, contributes significantly to market growth, as carbon fiber is crucial for lightweight and efficient blade construction. The automotive industry's ongoing adoption of lightweight materials for improved fuel efficiency further bolsters demand. Furthermore, advancements in carbon fiber manufacturing techniques are leading to cost reductions, making it more accessible to a wider range of applications, including sporting goods and construction. The prevalent use of Polyacrylonitrile (PAN) as a raw material indicates a reliance on established technologies, while the presence of recycled fiber (RCF) highlights growing sustainability concerns within the industry. However, market growth is not without its challenges. Supply chain disruptions, potential fluctuations in raw material prices (particularly petroleum-based precursors), and the energy-intensive nature of carbon fiber production pose potential restraints. Competition among established players like Toray Industries, Hexcel, and SGL Carbon, alongside emerging companies, necessitates continuous innovation and strategic positioning for market dominance. The geographical distribution of production and consumption within Europe, with key contributors likely including Germany, the UK, France, and Italy (specific data needed for precise analysis), will shape regional market dynamics and influence investment strategies. Overall, the European carbon fiber industry presents a promising investment opportunity, but understanding the interplay of drivers, restraints, and market segmentation is crucial for success. Recent developments include: November 2022: Fairmat inaugurated a recycling plant for recycling carbon fiber composite materials, which are majorly used for application in the aerospace industry at Bouguenais, France, with a capacity to treat more than 3,500 tons of waste per year., November 2022: MT Aerospace AG signed a contract with ArianeGroup GmbH for EUR 35 million (~USD 36.87) for the further development of demonstrators for Carbon Fiber reinforced polymer (CFRP) upper stages for the development of the PHOEBUS (Prototype for a Highly OptimizEd Black Upper Stage) project of the European Space Agency (ESA) to continue the.. Key drivers for this market are: Increasing Demand for Fuel-efficient and Lightweight Vehicles, Recent Advancements in the Aerospace and Defense Sector. Potential restraints include: Increasing Demand for Fuel-efficient and Lightweight Vehicles, Recent Advancements in the Aerospace and Defense Sector. Notable trends are: Aerospace and Defense Industry to Dominate the Market.

The North American carbon fiber market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's Compound Annual Growth Rate (CAGR) exceeding 17% from 2019-2033 signifies significant expansion potential. Key drivers include the burgeoning aerospace and defense industry, the rapid development of alternative energy technologies (like wind turbines and electric vehicles), and the growing adoption of lightweight materials in the automotive and construction sectors. The rising popularity of sporting goods incorporating carbon fiber further fuels this market expansion. While the availability of raw materials and fluctuating prices present some challenges, innovation in carbon fiber manufacturing techniques, particularly those focused on recycled fiber (RCF) and sustainable production methods, is mitigating these concerns. The dominance of the United States within the North American market is expected to continue, driven by its robust manufacturing base and significant investments in research and development. Canada and Mexico will also contribute to the regional growth, especially as they become increasingly integrated into the North American supply chains for various end-use industries. The market segmentation by raw material (PAN, petroleum pitch, and rayon), fiber type (VCF and RCF), and application highlights the diverse opportunities within the carbon fiber market, creating attractive avenues for investment and growth for both established players and emerging companies. The segmentation reveals significant opportunities. The preference for Polyacrylonitrile (PAN) based carbon fiber due to its superior properties will continue to dominate the raw material segment. However, increased focus on sustainability will drive growth in the recycled carbon fiber (RCF) market segment. The substantial growth in the aerospace and defense sectors will significantly impact the market, coupled with consistent demand from automotive and construction, where lightweighting initiatives are critical. This leads to substantial opportunities for established companies like Toray Industries, Hexcel Corporation, and SGL Carbon, along with innovative players focusing on RCF technology like Vartega Inc. The forecast period of 2025-2033 suggests that the market is poised for continued expansion, presenting promising prospects for stakeholders throughout the value chain. Further research into specific application segments and geographic regions within North America would provide a more granular understanding of market dynamics and opportunities. Recent developments include: March 2023: SGL Carbon launched SIGRAFIL 50k carbon fiber. This is majorly used in the wind and automotive industries, among others. It has high levels of strength of 4.9 GPa and elongation of 2.0 %. The advantages of SIGRAFIL 50k fiber types are increased process efficiency, higher material throughput, faster process times, and less set-up effort., April 2022: Hexcel Corporation and Archer Aviation Inc. announced their collaboration to supply high-performance carbon fiber material that would be used to manufacture Archer's production aircraft., January 2022: Vartega, a US-based company, announced the employment of a new technology for the recycling of carbon fiber waste for the management of carbon fiber waste in the country. The company will be using a patented chemical-based process to rescue carbon fiber waste from an eternity in the landfill.. Key drivers for this market are: Increasing Demand for Fuel-efficient and Lightweight Vehicles, Accelerating Usage in the Aerospace and Defense Sector; Increasing Usage in Renewable Energy. Potential restraints include: Increasing Demand for Fuel-efficient and Lightweight Vehicles, Accelerating Usage in the Aerospace and Defense Sector; Increasing Usage in Renewable Energy. Notable trends are: Aerospace and Defense Industry to Dominate the Market.

[210+ Pages Report] The global FRP Tank market size is expected to grow from USD 2.3 billion to USD 3.1 billion by 2028, at a CAGR of 4.5% from 2022-2028

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Petroleum Liquid Feedstock Market Size 2024-2028

The petroleum liquid feedstock market size is forecast to increase by USD 77.22 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the rapid expansion of the transportation sector. This sector's increasing demand for fuel is leading to a wave in the consumption of petroleum liquid feedstocks. Another trend influencing the market is the adoption of blockchain technology in the oil and gas refining industry. Blockchain's transparency and security features are expected to streamline operations, reduce costs, and enhance efficiency in the refining process. Hydrocarbons, such as naphthalene, xylene, benzene, toluene, and heavy naphtha, are essential hydrocarbon feedstocks used in the production of industrial solvents, fuels, and other oil-based commodities. However, the market's growth is not without challenges. The volatility in global crude oil prices continues to pose a significant threat to market stability, making it essential for market players to adopt strategies that mitigate price risks and ensure long-term profitability.

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The petrochemical industry relies heavily on petroleum liquid feedstocks as the primary raw material for producing a wide range of chemicals, polymers, and other petrochemical products. The automotive fleet and the energy sector are significant consumers of these products, with motor vehicles utilizing petrochemicals for fuel and in the production of plastics and textiles. Petrochemical plants and refineries are the primary sources of these feedstocks, which include oil naphtha, coal naphtha, and wood naphtha.

The petrochemical industry's demand for these feedstocks is expected to grow due to increasing demand from the automotive and energy sectors. Crude material, such as unrefined petroleum, is the primary source of these feedstocks. Oil organizations play a crucial role in the production and distribution of these feedstocks to meet the growing demand from various industries. With the rise of electric vehicles, the demand for traditional fuels may decrease, but the demand for petrochemical products derived from these feedstocks is expected to remain strong due to their wide range of applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Type

  Naphtha
  Gasoil


Application

  Industrial solvents
  Cleaning fluids
  Adulterant to petrol
  Gasoline
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    India


  South America



  Middle East and Africa

By Type Insights

The naphtha segment is estimated to witness significant growth during the forecast period. The petrochemical industry relies heavily on petroleum liquid feedstock derived from crude oil for the production of various chemicals, polymers, and petrochemical products. In the refining process, crude oil undergoes primary distillation, resulting in the production of naphtha. This fractional distillation separates hydrocarbons based on their boiling points, yielding light and heavy naphtha. Light naphtha is primarily used as a feedstock for the synthesis of ethylene, which is further processed to produce synthetic rubber and other essential polymers. Conversely, heavy naphtha serves as a feedstock for the production of high-octane gasoline and aromatics, such as benzene, xylene, and toluene, essential for the automotive fleet and energy sector.

Moreover, naphtha is also used as marine fuel, bunkers, and motor vehicle fuel. With the increasing focus on cleaner energy sources and climate change mitigation, the petrochemical industry is exploring alternative feedstocks, such as biofuels, renewable feedstocks, biomass, waste oils, and even carbon fiber. Simultaneously, the exploration of unconventional crude oil deposits, including shale gas and offshore drilling, continues to expand refinery capacity. Data analytics plays a crucial role in optimizing refinery operations and enhancing the overall efficiency of the petrochemical sector. The chemical sector also utilizes naphtha, coal naphtha, and other hydrocarbons as feedstocks for steam crackers to produce essential chemicals, such as octane, propylene, and butadiene.

The integration of LNG terminals and gas imports further expands the availability of feedstocks, ensuring a steady supply to meet the growing demand for petrochemical products in various industries, including textiles, plastics, and the energy sector.

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The Naphtha segment accounted for USD 220.99 billion in 2018 and showed a gradual increase during the forecast

[205+ Pages Report] The global construction composites market size was valued at USD 6825.1 million in 2021 and with growth at a CAGR of 5.8% is expected to reach a value of USD 9572.4 million by 2028.

As per Cognitive Market Research's latest published report, the Global Well Stimulation Vessels market size was USD 1.41 Billion in 2022 and it is forecasted to reach USD 2.18 Billion by 2030. Well Stimulation Vessels Industry's Compound Annual Growth Rate will be 6.49 % from 2023 to 2030. What is Driving Well Stimulation Vessels Industry Growth?

Increasing demand for stimulation in the offshore field is the main driving factor responsible for the growth of the global carbon fiber-reinforced polypropylene market. A well-stimulation vessel is built to increase the productivity of an oilfield for acid fracturing and pressure pumping services in the Sea. Additionally, the rise in demand for oil and gas field services is another factor that boosts the market growth during the forecast period. These types of stimulation vessels are capable of injecting stimulation substances into the oil or gas wells at sea while offshore vessels with the special functions to provide transportation services, performance activities, and emergency responses in support of offshore engineering. However, operating limitations in extracting natural gas, oil, and geothermal energy which may obstruct the growth of the global carbon fiber-reinforced polypropylene market in the near future. Further, the modern well-stimulation vessel must perform large-volume, low-rate matrix acid treatments which are expected to create new opportunities for the well-stimulation vessel market during the forecast period. What is Well Stimulation Vessel?

A well-stimulation vessel is a ship that performs an intervention on an oil or gas well to increase production by improving the flow of hydrocarbons from the drainage area into the wellbore. Well-stimulation vessels can drive production faster with the industry's most efficient, safe, and reliable vessel.

[Rapport de plus de 210 pages] La taille du marché mondial des réservoirs FRP devrait passer de 2.3 milliards USD à 3.1 milliards USD d'ici 2028, à un TCAC de 4.5 % de 2022 à 2028

The Thermal Barrier Coatings Market size was valued at USD 1.16 billion in 2025 and is projected to reach USD 1.74 billion by 2033, exhibiting a CAGR of 4.31% during the forecast period. Increasing demand for thermal barrier coatings in the automotive and aerospace industries is driving market growth. The automotive industry is using thermal barrier coatings to improve fuel efficiency and reduce emissions, while the aerospace industry is using these coatings to protect metal components from high temperatures and corrosion. The key factors driving market growth include the increasing adoption of thermal barrier coatings in the automotive and aerospace industries, rising demand for protective coatings in harsh environments, and increasing environmental regulations. However, the high cost of thermal barrier coatings and limited availability of skilled personnel in certain regions pose challenges to the market. The market is expected to witness growth opportunities in the near future due to the increasing demand for thermal barrier coatings in the power generation and oil and gas industries, as well as the development of new technologies and materials. Recent developments include: March 2023: Zircotec company launched a ceramic thermal barrier coating called Thermohold. This technology can be applied to various substrate materials, including metallic surfaces like cast iron, steel alloys, aluminum, and titanium, composite materials like carbon-fiber-reinforced polymers (CFRPs), and high-temperature plastics., December 2022: OC Oerlikon Management AG announced its plans to construct a new state-of-the-art assembly and production site for its surface solutions and equipment businesses in Switzerland to provide customers with Oerlikon Metco solutions, including thermal barrier coatings. This facility will also include equipment assembling and production services and is expected to be operational in 2025.. Key drivers for this market are: Increasing Demand from the Aerospace Sector, Growing Dependence on Gas-Fired Turbines for Power Generation; Other Drivers. Potential restraints include: Volatile Raw Material Prices, Other Restraints. Notable trends are: Aerospace Sector to Dominate the Market.

[210+ Seiten Bericht] Der globale Markt für FRP-Tanks wird voraussichtlich von 2.3 Milliarden USD auf 3.1 Milliarden USD bis 2028 wachsen, bei einer CAGR von 4.5 % von 2022-2028

[Bericht mit mehr als 205 Seiten] Der globale Markt für Konstruktionsverbundstoffe hatte im Jahr 6825.1 einen Wert von 2021 Millionen USD und wird bei einem Wachstum von durchschnittlich 5.8 % voraussichtlich bis 9572.4 einen Wert von 2028 Millionen USD erreichen.