Carbon Fiber Market 2024: Trends, Analysis, & Future Directions
The carbon fiber market is evolving rapidly, fueled by significant investment in R&D and increasing applications across diverse industries. This growth is further propelled by technological innovations and a shift towards sustainability, positioning carbon fiber as a critical component in modern manufacturing and engineering solutions.Â
| Carbon Fiber Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. The USA exported carbon fiber worth around 4.18 billion USD in 2023. | The USA solidifies its role as a significant player in the global carbon fiber market, reflecting its strong production capabilities and international demand. | Contact us to view the source. |
| 2. China imported carbon fiber worth around 150 million USD in 2023. | This highlights the country’s growing reliance on advanced materials to meet its industrial and technological needs. | Contact us to view the source. |
| 3. Jindal Advanced Materials plans to produce carbon fibers from low to high tow, with a capacity of 10,000 metric tons by 2027. | This move underscores the company’s commitment to innovation and its role in driving the growth of the carbon fiber sector. | Contact us to view the source. |
| 4. The International Civil Aviation Organisation forecasts a 2% reduction in fuel consumption by 2050 through adopting Silicon carbide fiber. | This highlights the potential for carbon fiber to enhance fuel efficiency in aviation, given its lightweight and strong properties. | Contact us to view the source. |
Carbon Fiber Market – Key Takeaways
The carbon fiber market is poised for substantial growth, driven by its expanding role across various high-tech industries, from aerospace and automotive to sports equipment and renewable energy sectors. For more in-depth research and analysis, visit our Research and Development page to explore our syndicated reports and custom research services.