The Global Rayon-Based Carbon Fiber Market was valued at USD 1.2 billion in 2023 and is projected to reach USD 2.6 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9-10% during the forecast period (2025-2030). This growth is being driven by increasing demand from aerospace, defense, and energy sectors, where high-temperature stability and exceptional mechanical properties are critical.
As industries seek advanced materials solutions, attention turns to the manufacturers pioneering next-generation rayon-based carbon fiber technologies. In this analysis, we profile the Top 10 Companies in the Rayon-Based Carbon Fiber Industry—leading materials science innovators shaping the future of high-performance composites.
🔟 1. Toray Industries
Headquarters: Tokyo, Japan
Key Offering: Torayca® Carbon Fibers
Toray dominates the carbon fiber market with a 35% global share, producing rayon-based fibers renowned for their exceptional thermal properties and structural stability at extreme temperatures up to 3000°C.
Innovation Highlights:
- Pioneered PAN-to-rayon conversion technologies
- Major supplier for NASA and commercial space applications
- 2023 production capacity: 57,000 metric tons/year
Download FREE Sample Report: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report
9️⃣ 2. Teijin Carbon
Headquarters: Osaka, Japan
Key Offering: Tenax® Carbon Fibers
Teijin specializes in high-performance rayon-based carbon fibers for aerospace and industrial applications, with proprietary oxidation-resistant formulations.
Innovation Highlights:
- Patented stabilization process for uniform fiber properties
- Strategic partnerships with Boeing and Airbus
8️⃣ 3. Mitsubishi Chemical Carbon Fiber and Composites
Headquarters: Tokyo, Japan
Key Offering: Pyrofil® Carbon Fibers
Mitsubishi Chemical produces specialized rayon-based carbon fibers with ultra-high purity (99.9+%) for semiconductor and nuclear applications.
Innovation Highlights:
- Development of next-gen precursor materials
- Focus on clean energy applications
7️⃣ 4. SGL Carbon
Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL® Carbon Fibers
SGL Carbon manufactures high-modulus rayon-based carbon fibers with outstanding thermal conductivity for industrial heating applications.
Innovation Highlights:
- Graphitization technology leadership
- Automotive industry partnerships
Download FREE Sample Report: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report
6️⃣ 5. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Key Offering: HexTow® Carbon Fibers
Hexcel produces high-strength rayon-based carbon fibers used in military aircraft and space launch systems.
Innovation Highlights:
- Advanced fiber architecture development
- Missile defense system applications
5️⃣ 6. Hyosung Advanced Materials
Headquarters: Seoul, South Korea
Key Offering: TANSOME® Carbon Fibers
Hyosung specializes in cost-effective rayon-based carbon fibers for industrial applications, with expanding production capabilities.
Innovation Highlights:
- Localized precursor production
- Growing presence in wind energy sector
4️⃣ 7. Solvay (Cytec Industries)
Headquarters: Brussels, Belgium
Key Offering: Thornel® Carbon Fibers
Solvay’s Thornel rayon-based carbon fibers excel in high-temperature aerospace applications with patented oxidation protection.
Innovation Highlights:
- Hypersonic vehicle applications
- Reusable space vehicle components
3️⃣ 8. Kureha Corporation
Headquarters: Tokyo, Japan
Key Offering: Kureha Carbon Fiber
Kureha produces specialized rayon-based carbon fibers with dimensional stability for fuel cell and aerospace applications.
Innovation Highlights:
- Pitch-based fiber technology
- Growing hydrogen economy applications
2️⃣ 9. Formosa Plastics Corporation
Headquarters: Taipei, Taiwan
Key Offering: Formosa Carbon Fibers
Formosa provides cost-competitive rayon-based carbon fibers, focusing on industrial thermal applications.
Innovation Highlights:
- Integrated supply chain
- Expanding Asian market presence
1️⃣ 10. Sinofibers Technology
Headquarters: Yixing, China
Key Offering: Specialty Carbon Fibers
Sinofibers focuses on domestic supply of rayon-based carbon fibers for China’s industrial and aerospace sectors.
Innovation Highlights:
- Government-supported R&D programs
- Localization of aerospace materials
Get Full Report Here: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report
🌍 Market Outlook: Rayon-Based Carbon Fiber Drives Advanced Materials Innovation
The unique properties of rayon-based carbon fiber—including exceptional thermal stability, chemical resistance, and mechanical performance—are creating new opportunities across multiple high-tech industries.
📈 Key Market Trends:
- Increasing adoption in hypersonic vehicle thermal protection systems
- Growth in nuclear and concentrated solar power applications
- Advancements in fiber precursor treatment technologies
- Expanding semiconductor manufacturing applications
Get Full Report Here: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report
The companies profiled above are at the forefront of developing advanced materials solutions that enable next-generation technologies across aerospace, energy, and industrial sectors.
