The global Viscose Based Carbon Fiber market was valued at US$ 285.6 million in 2023 and is projected to reach US$ 498.2 million by 2031, exhibiting a CAGR of 6.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Viscose based carbon fiber is produced through the carbonization of regenerated cellulose fibers, offering superior flexibility, thermal insulation properties, and bio-compatibility compared to conventional PAN-based carbon fibers. These characteristics make it ideal for specialized applications in automotive lightweighting, wind energy components, and high-performance sporting goods.

Market growth is driven by increasing environmental regulations favoring sustainable materials, expansion of wind turbine installations globally, and the automotive industry’s transition toward electrification and lightweight solutions. Viscose carbon fibers are particularly valued where both structural performance and thermal management are required.

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Segmentation by Product Type

The market is segmented into three primary product forms based on fiber length and processing characteristics:

1. Continuous Viscose Carbon Fiber

Unbroken filaments with high tensile strength-to-weight ratios, primarily used in aerospace and automotive structural composites requiring unidirectional reinforcement.

• Market Insight: Commands premium pricing (30-40% higher than other forms) due to superior mechanical properties. Represents 25% of total market volume but accounts for 40% of revenue.
• Trend: Growing adoption in hydrogen storage pressure vessels (CAGR 12.3% through 2030) due to excellent cyclic loading performance.

2. Long Viscose Carbon Fiber

Fibers measuring 1-50mm in length, offering optimal balance between processability and mechanical performance.

• Market Insight: Dominates with 45% volume share due to versatility in compression molding processes. Cost 15-20% lower than continuous fibers.
• Trend: Development of hybrid fiber mats (viscose-carbon/aramid) gaining traction in automotive semi-structural components.

3. Short Viscose Carbon Fiber

Sub-millimeter fibers used as additives in composites and plastics for property enhancement.

• Market Insight: Fastest growing segment (8.2% CAGR) driven by expanding use in 3D printing filaments and EV battery casings.
• Trend: Increasing integration in thermal interface materials for electronics cooling applications.

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Segmentation by Application

The material’s unique properties enable diverse applications across industries:

1. Automotive Components (42% Market Share)

Used in structural parts, battery enclosures, and thermal management systems.

• Insight: EV adoption (projected 26 million units by 2030) drives demand for lightweight, thermally stable components.
• Trend: Development of fast-curing prepregs reducing cycle times to under 5 minutes for mass production.

2. Wind Energy (31% Market Share)

Critical for turbine blade reinforcement, especially offshore installations.

• Insight: 15% lighter than glass fiber alternatives, enabling longer blade designs (>100m).
• Trend: Thermoplastic matrix systems improving recyclability of blade materials.

3. Sporting Goods (18% Market Share)

Premium equipment leveraging vibration damping and weight reduction properties.

• Insight: Commands highest margins (35-45% gross) despite lower volumes.
• Trend: Custom fiber architectures enabling equipment with tailored flexural properties.

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Segmentation by End-User

1. Automotive OEMs & Tier 1 Suppliers

Account for 41% of demand, focusing on EV component applications.

• Insight: BMW, Tesla, and BYD have established strategic supplier partnerships for material development.
• Trend: Regional production facilities being established near automotive hubs to reduce lead times.

2. Wind Turbine Manufacturers

Concentrated among top 5 global players (Siemens Gamesa, Vestas, etc.).

• Insight: Demand growing at 9.1% CAGR through 2030 for offshore wind applications.
• Trend: Testing of 100% recyclable blades using viscose carbon fibers underway.

3. Sports Equipment Brands

Includes premium brands like Ping, Callaway, and Specialized.

• Insight: Willing to pay 20-30% premiums for customized fiber specifications.
• Trend: Nano-surface treatments improving resin bonding for enhanced performance.

4. Aerospace Tier Suppliers

Though smaller (8% share), important for technology validation.

• Insight: Used in secondary structures requiring radar transparency.
• Trend: Material qualification processes driving quality improvements.

The market exhibits clear segmentation patterns: Continuous fibers lead in high-performance applications, while long fibers dominate volume. Automotive applications are growing fastest (9.2% CAGR), followed by wind energy. Industrial customers drive most demand, with sports equipment representing a high-value niche.

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Read Full Report Here: https://www.24chemicalresearch.com/reports/214168/viscose-based-carbon-fiber-market-2023-2029-657