The Global Polyacrylonitrile-based Carbon Fibers Textile Market was valued at USD 2.18 Billion in 2024 and is projected to reach USD 3.42 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2032). This growth is being driven by increasing demand from aerospace and wind energy sectors, accelerating adoption of electric vehicles requiring lightweight components, and innovations in manufacturing efficiency for high-performance composites.

As industries transform toward sustainable, high-strength materials for better efficiency and reduced emissions, the focus turns to the leading producers who are pioneering advanced textiles, cost-effective processes, and eco-friendly solutions. In this blog, we profile the Top 10 Companies in the Polyacrylonitrile-based Carbon Fibers Textile Industry—a blend of global giants, specialized weavers, and innovative manufacturers shaping the future of advanced composites.

---

🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: PAN-based carbon fiber fabrics in plain, twill, and satin weaves for aerospace and automotive

Toray Industries stands as a global leader in carbon fiber production, supplying high-quality PAN-based textiles to major aerospace firms and automakers. Their advanced materials enhance structural integrity in aircraft fuselages and vehicle chassis, supporting weight reductions of up to 20% while maintaining superior tensile strength.

Innovation Initiatives:

• Vertically integrated production from precursors to finished textiles

• Partnerships for recycled carbon fiber development

• Targeted expansions in Asia-Pacific capacity to meet rising demand

Download FREE Sample Report: Global Polyacrylonitrile-based Carbon Fibers Textile Market – View in Detailed Research Report

---

9️⃣ 2. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexTow PAN-based carbon fiber textiles for aerospace structures and wind blades

Hexcel excels in delivering specialized carbon fiber textiles optimized for composite applications, serving key clients in defense and commercial aviation. Their products feature exceptional fatigue resistance, crucial for long-life components in high-stress environments like turbine blades and aircraft wings.

Innovation Initiatives:

• Investments in automated weaving for reduced waste

• Collaborations with OEMs for hybrid fabric solutions

---

8️⃣ 3. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Pyrofil PAN-based carbon fiber fabrics for automotive and sporting goods

Mitsubishi Chemical drives market growth with its Pyrofil series, offering versatile textiles that balance strength and flexibility. These materials are widely used in electric vehicle battery enclosures, providing thermal stability and lightweighting benefits to improve range and safety.

Innovation Initiatives:

• Renewable energy targets for 100,000 tons annual production by 2030

• Sustainable precursor research for lower emissions

---

7️⃣ 4. SGL Carbon SE

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL PAN-based carbon fiber textiles for industrial and wind energy

SGL Carbon is a key European player, producing durable textiles for large-scale applications like wind turbine reinforcements. Their focus on high-modulus fibers supports the industry’s shift to longer blades exceeding 80 meters, enhancing energy efficiency in renewable projects.

Innovation Initiatives:

• €100 million investment in U.S. facilities for localized supply

• Advanced recycling plant for carbon fiber waste

Download FREE Sample Report: Global Polyacrylonitrile-based Carbon Fibers Textile Market – View in Detailed Research Report

---

6️⃣ 5. Sigmatex Ltd.

Headquarters: Berwick-Upon-Tweed, United Kingdom
Key Offering: Custom PAN-based carbon fiber weaves including spread-tow for aerospace

Sigmatex specializes in bespoke textile solutions, enabling precise engineering for complex geometries in aircraft and automotive parts. Their innovative weaving techniques minimize material usage, aligning with sustainability goals by reducing production waste by up to 30%.

Innovation Initiatives:

• Certified sustainable textiles at major international hubs

• Net-zero operations target across manufacturing sites

---

5️⃣ 6. Chomarat Group

Headquarters: Le Cendre, France
Key Offering: C-PLY PAN-based hybrid carbon fiber textiles for composites

Chomarat leads in hybrid fabrics combining carbon with other materials for enhanced performance in wind energy and marine sectors. Their textiles offer superior drapeability, making them ideal for curved surfaces in turbine blades and boat hulls, where formability is essential.

Innovation Initiatives:

• Current output exceeding 5,000 tons/year in advanced textiles

• Expansion to 10,000 tons/year by 2027 through R&D

---

4️⃣ 7. BGF Industries, Inc.

Headquarters: Greensboro, North Carolina, USA
Key Offering: PAN-based carbon fiber fabrics for defense and industrial uses

BGF Industries provides robust textiles for demanding applications, including military vehicles and pressure vessels. Their focus on unidirectional and twill weaves supports high-strength requirements, contributing to lighter, more resilient structures in harsh environments.

Innovation Initiatives:

• Geopolitical adaptations for regional supply chain resilience

• Local R&D programs for synthetic fiber enhancements

---

3️⃣ 8. Weihai Guangwei Composites Co., Ltd.

Headquarters: Weihai, China
Key Offering: Cost-effective PAN-based carbon fiber textiles for wind and automotive

Weihai Guangwei is a rising force in Asia, offering affordable yet high-quality textiles that meet global standards for renewable energy components. Their production scales efficiently to support China’s wind power boom, providing fatigue-resistant fabrics for massive turbine installations.

Innovation Initiatives:

• Bio-based precursor research for domestic sustainability

• Government-backed collaborations for scaled manufacturing

---

2️⃣ 9. Jiangsu Hengshen Co., Ltd.

Headquarters: Jiangyin, China
Key Offering: Hengshen PAN-based carbon fiber fabrics for sporting goods and EVs

Hengshen is expanding rapidly with textiles tailored for lightweight electric vehicle parts and high-performance sports equipment. Their materials excel in vibration damping, improving safety and user experience in applications from bike frames to car interiors.

Innovation Initiatives:

• Aims for 50% cost reduction through process optimizations

• Major supply chain expansions in Asia-Pacific

---

1️⃣ 10. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: TANSOME PAN-based carbon fiber textiles for aerospace and industrial

Hyosung Advanced Materials tops the list with comprehensive offerings in high-tenacity textiles, supporting global aerospace and infrastructure needs. They integrate advanced automation in production, ensuring consistent quality for critical components like aircraft panels and bridge reinforcements.

Innovation Initiatives:

• Full-spectrum solutions from weaving to composite integration

• Strategic alliances with global producers for technology transfer

Read Full Report: Global Polyacrylonitrile-based Carbon Fibers Textile Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Polyacrylonitrile-based Carbon Fibers Textile Is Stronger and Greener

The polyacrylonitrile-based carbon fibers textile market is evolving rapidly. While traditional production dominates, the sector is channeling significant resources into recyclable materials, automated manufacturing, and hybrid composites to meet rising demands across industries.

📈 Key Trends Shaping the Market:

• Capacity expansions in Asia, Europe, and North America

• Regulatory mandates for sustainable materials by 2030

• Digital tools for supply chain optimization and quality control

• Industry partnerships for cost reduction and innovation

Read Full Report: Global Polyacrylonitrile-based Carbon Fibers Textile Market – View in Detailed Research Report

The companies listed above are not only weaving the fabric of advanced industries—they’re leading the sustainable revolution in high-performance materials.

Polyacrylonitrile-based carbon fibers textiles represent a cornerstone of modern engineering, derived from the polymerization of acrylonitrile into fibers that undergo stabilization, carbonization, and graphitization to achieve their remarkable properties. These textiles, often woven into patterns like plain for balanced strength or twill for flexibility, are pivotal in reducing weight without compromising durability. In aerospace, they enable fuel-efficient designs; in automotive, they support the EV transition by countering battery heft; and in renewables, they allow for larger, more efficient wind structures. However, challenges such as production costs ranging from $13 to $20 per pound and acrylonitrile volatility persist, though innovations from leaders like Toray are addressing these head-on. Asia-Pacific’s 60% production share underscores its role, yet North America and Europe drive premium applications through R&D. As EV sales surge toward 23% CAGR and wind capacity doubles, these materials will be indispensable, with recycling advancements ensuring a greener trajectory. The profiled companies exemplify this progress, investing in closed-loop systems and automation to sustain growth through 2032.

Expanding on market dynamics, the drivers are multifaceted. Aerospace demands stem from projections of over 30,000 new aircraft by 2032, where 15-20% weight savings via carbon composites yield substantial operational benefits. Automotive lightweighting, spurred by emissions rules, sees adoption in panels and enclosures, with new techniques broadening access beyond luxury segments. Wind energy’s push for 80-meter-plus blades requires the stiffness these textiles provide, bolstered by incentives in key economies. Restraints include energy-intensive processes and raw material swings of 15-25%, complicating margins, yet opportunities in automated placement and infrastructure retrofitting loom large. Challenges like recycling—potentially 20,000 tons of waste yearly by 2030—and skill shortages are being tackled through collaborations and training. Segment-wise, plain weave holds sway for versatility, aerospace leads applications, and standard fabrics dominate styles. The competitive landscape, moderately consolidated, sees Toray at 18.2% share, with Hexcel and Mitsubishi adding 28%, while Asian players like Weihai gain on cost. Trends favor sustainability, with energy cuts of 15-18% via better stabilization and 90% solvent recovery, alongside regional shifts adding 12,000 tons U.S. capacity. Regionally, North America’s tech edge, Europe’s regs, Asia’s scale, and emerging South America and MEA highlight diverse potentials. Ultimately, these elements position the market for robust, innovative expansion.

To delve deeper, consider the technical nuances. PAN precursors, comprising over 90% of carbon fibers, offer high yield and consistency, processed into tows of 1K to 24K filaments before weaving. Applications span unidirectional for directional strength in defense to satin for moldability in autos. Competitive strategies include Toray’s integration, Hexcel’s specialties, and SGL’s investments, fostering a landscape where niche players like Sigmatex thrive via customization. Trends like thermoplastic matrices promise recyclability, while supply reconfiguration via localization counters risks. This comprehensive view underscores why these top 10 are pivotal, driving a market from $2.32 billion in 2025 to $3.42 billion by 2032, fueled by real-world needs for efficiency and sustainability.