Automotive Carbon Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Automotive Carbon Fiber Market Report is Segmented by Application (Structural Assembly, Powertrain Components, Interiors, and Exteriors), Vehicle Type (Passenger Car and Commercial Vehicle), Propulsion (Internal Combustion Engines, Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, and Fuel Cell Electric Vehicles), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Covers the Market Size and Forecasts for all the Above Segments in Terms of Value (USD).

Automotive Carbon Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Automotive Carbon Fiber Composites Market Size

Automotive Carbon Fiber Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 30.15 Billion
Market Size (2030) USD 50.80 Billion
CAGR (2025 - 2030) 11.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Automotive Carbon Fiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Automotive Carbon Fiber Composites Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Automotive Carbon Fiber Composites Market Analysis

The Automotive Carbon Fiber Composites Market size is estimated at USD 30.15 billion in 2025, and is expected to reach USD 50.80 billion by 2030, at a CAGR of 11% during the forecast period (2025-2030).

Carbon fiber is a lightweight material with high-strength characteristics that can be designed for enhanced performance in automotive applications. It offers improvements in structural, functional, or cosmetic properties.

The rising demand for lightweight material from the automotive industry and the growing focus on fuel economy are expected to be major drivers for the automotive carbon fiber market. Amid increasingly stringent emission norms and rising fuel prices, carbon fiber is a great alternative to conventional metals as it can reduce the vehicle's weight. This can improve the fuel efficiency and performance of the engine while the fiber's physical strength limits are almost twice as high as those of conventional metals.

To make vehicles lighter, cleaner, safer, and cost-effective, leading carbon fiber suppliers are responding to the needs and expectations of vehicle OEMs, system suppliers, and customers. Major car companies, such as BMW, Audi, GM, Honda, and Polestar, have established agreements with carbon fiber material producers for mass production and are investing in their processes to support low-cost carbon fiber manufacturing.

  • In June 2023, Dash-CAE launched a new carbon fiber monocoque chassis, the TR01, an affordable, versatile, and lightweight composite chassis for road cars. TR01 is suitable for any two-seat vehicle requiring a lightweight and stiff carbon fiber monocoque.

However, high costs associated with carbon fiber composites and glass fiber composites are hindering the market's growth, as their usage in low-cost vehicles could drastically increase the prices of such vehicles.

The rise in demand for electric vehicles worldwide is likely to enhance the penetration of carbon fiber to improve the range of electric vehicles, which, in turn, is likely to result in major growth for the market during the forecast period.

Automotive Carbon Fiber Industry Overview

The automotive carbon fiber market is moderately consolidated and is dominated by several key players, such as Hexcel Corporation, Mitsubishi Chemical Group, SGL Carbon SE, Teijin Limited, and Toray Industries Inc. The demand is on the positive side, attributed to strong expansion and growth strategies adopted by leading carbon fiber manufacturers. For instance,

  • November 2023: Carbon Revolution, one of the leading carbon fiber companies in Australia, expanded its manufacturing facility in Mexico. Through this expansion, the company expanded its carbon-fiber wheel services across the country.

Automotive Carbon Fiber Market Leaders

  1. Toray Industries Inc.

  2. Hexcel Corporation

  3. SGL Carbon SE

  4. Teijin Limited

  5. Mitsubishi Chemical Corporation.

  6. *Disclaimer: Major Players sorted in no particular order
Automotive Carbon Fiber Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Automotive Carbon Fiber Market News

  • April 2024: Hyundai Motor Group partnered strategically with Toray Industries to advance material innovation for new-era mobility. The partnership aims to develop lightweight, high-strength materials for environmentally friendly, high-performance vehicles that include carbon fiber-reinforced polymer (CFRP) parts.
  • March 2024: The Mitsubishi Chemical Group (MCG Group) announced the development of a carbon fiber prepreg material, the BiOpreg #400 series, using plant-derived resin. The fiber is aimed at being used in mobility applications, such as interior and exterior materials for automobiles and industrial applications.
  • December 2023: Teijin Limited announced plans to start producing and selling Tenax carbon fiber made from environmentally friendly materials. This material helps reduce greenhouse gas emissions during the product's life cycle.
  • October 2023: Toray Industries Inc. developed TORAYCA T1200 carbon fiber, which boasts the highest strength of 1,160 kilopounds per square inch (Ksi). This advancement aids the company in reducing its environmental footprint by using lighter carbon-fiber-reinforced plastic materials.

Automotive Carbon Fiber Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Rising Demand for Lightweight Materials from the Automotive industry
  • 4.2 Market Restraints
    • 4.2.1 High Processing and Manufacturing Cost of Composites is a Challenge
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Intensity of Competitive Rivalry
    • 4.3.5 Threat of Substitute Products

5. MARKET SEGMENTATION (Market Size in Value- USD)

  • 5.1 By Application
    • 5.1.1 Structural Assembly
    • 5.1.2 Powertrain Components
    • 5.1.3 Interiors
    • 5.1.4 Exteriors
  • 5.2 By Vehicle Type
    • 5.2.1 Passenger Car
    • 5.2.2 Commercial Vehicle
  • 5.3 By Propulsion
    • 5.3.1 Internal Combustion Engine
    • 5.3.2 Battery Electric Vehicles
    • 5.3.3 Hybrid Electric Vehicles
    • 5.3.4 Plug-in Hybrid Electric Vehicles
    • 5.3.5 Fuel Cell Electric Vehicles
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Toray Industries Inc.
    • 6.2.2 Hexcel Corporation
    • 6.2.3 Mitsubishi Chemical Corporation
    • 6.2.4 SGL Carbon SE
    • 6.2.5 Teijin Ltd
    • 6.2.6 BASF SE
    • 6.2.7 Solvay SA
    • 6.2.8 Bcomp Ltd
    • 6.2.9 Dow Inc.
    • 6.2.10 Nippon Sheet Glass Co. Ltd
    • 6.2.11 BFG International Group

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Increasing Demand for Electric Vehicles Presents Multiple Growth Opportunities

8. MARKET SIZE AND FORECAST IN TERMS OF VOLUME

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Automotive Carbon Fiber Composites Industry Segmentation

Carbon fiber is a lightweight material with high-strength characteristics that can be designed for enhanced performance in automotive applications.

The automotive carbon fiber market is segmented by application, vehicle type, propulsion, and geography. By application, the market is segmented into structural assembly, powertrain components, interiors, and exteriors. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By propulsion, the market is segmented into internal combustion engines, battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on the value (USD).

By Application Structural Assembly
Powertrain Components
Interiors
Exteriors
By Vehicle Type Passenger Car
Commercial Vehicle
By Propulsion Internal Combustion Engine
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Electric Vehicles
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle East and Africa
Need A Different Region or Segment?
Customize Now

Automotive Carbon Fiber Market Research FAQs

How big is the Automotive Carbon Fiber Composites Market?

The Automotive Carbon Fiber Composites Market size is expected to reach USD 30.15 billion in 2025 and grow at a CAGR of 11% to reach USD 50.80 billion by 2030.

What is the current Automotive Carbon Fiber Composites Market size?

In 2025, the Automotive Carbon Fiber Composites Market size is expected to reach USD 30.15 billion.

Who are the key players in Automotive Carbon Fiber Composites Market?

Toray Industries Inc., Hexcel Corporation, SGL Carbon SE, Teijin Limited and Mitsubishi Chemical Corporation. are the major companies operating in the Automotive Carbon Fiber Composites Market.

Which is the fastest growing region in Automotive Carbon Fiber Composites Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Automotive Carbon Fiber Composites Market?

In 2025, the Asia Pacific accounts for the largest market share in Automotive Carbon Fiber Composites Market.

What years does this Automotive Carbon Fiber Composites Market cover, and what was the market size in 2024?

In 2024, the Automotive Carbon Fiber Composites Market size was estimated at USD 26.83 billion. The report covers the Automotive Carbon Fiber Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Carbon Fiber Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Carbon Fiber in Automotive Industry Report

Statistics for the 2025 Automotive Carbon Fiber Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Carbon Fiber Composites analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.