The Global Rayon-Based Carbon Fiber Market was valued at USD 1.25 Billion in 2024 and is projected to reach USD 2.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2024–2030). This substantial growth is primarily driven by escalating demand from the aerospace and defense sectors, advancements in renewable energy technologies, and the increasing adoption of lightweight, high-strength materials in medical and industrial applications.

As industries worldwide prioritize performance and efficiency, the demand for specialized carbon fibers with superior thermal and mechanical properties is accelerating. In this blog, we profile the Top 10 Companies in the Rayon-Based Carbon Fiber Industry—a group of advanced material specialists and chemical giants leading innovation in this high-value segment.

Download FREE Sample Report: Global and United States Rayon-Based Carbon Fiber Market – View in Detailed Research Report

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🔟 1. Cytec Solvay Group

Headquarters: Woodland Park, New Jersey, USA
Key Offering: High-performance rayon-based carbon fibers, prepregs, and advanced composites

Cytec, now part of the Solvay Group, is a pioneer in advanced composite materials. The company’s rayon-based carbon fibers are renowned for their exceptional thermal stability and are critical for aerospace and military applications requiring materials that can withstand extreme temperatures.

Innovation and Market Focus:

• Specialization in carbon fibers for rocket nozzles and ablative heat shields

• Strong focus on research for next-generation aerospace composites

• Strategic partnerships with defense and space agencies

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9️⃣ 2. Mitsubishi Chemical Carbon Fiber and Composites

Headquarters: Tokyo, Japan
Key Offering: Pyrofil™ rayon-based carbon fibers, intermediate modulus fibers

Mitsubishi Chemical is a global leader in carbon fiber technology, with a significant portfolio that includes high-quality rayon-based precursors. Their fibers are essential for applications demanding ultra-high purity and superior performance under stress.

Innovation and Market Focus:

• Development of fibers for high-temperature industrial and energy applications

• Expansion of production capacity to meet growing global demand

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8️⃣ 3. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL® rayon-based carbon fibers, custom carbon materials

SGL Carbon is a key European player, producing a wide range of carbon-based products. Their expertise in rayon-based carbon fibers positions them as a vital supplier for the automotive and aerospace industries, where material reliability is paramount.

Innovation and Market Focus:

• Focus on sustainable production processes and recycling technologies

• Investment in R&D for lightweighting solutions in mobility

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7️⃣ 4. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: TENAX® carbon fibers, including specialty rayon-based grades

Teijin is a diversified technology company with a strong footprint in advanced fibers and composites. Their rayon-based carbon fibers are used in critical applications across aerospace, sports equipment, and industrial sectors due to their high strength-to-weight ratio.

Innovation and Market Focus:

• Advanced fiber technologies for space and satellite components

• Commitment to carbon neutrality and sustainable material cycles

Download FREE Sample Report: Global and United States Rayon-Based Carbon Fiber Market – View in Detailed Research Report

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6️⃣ 5. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® rayon-based carbon fibers, composite materials

Toray is the world’s largest producer of carbon fibers by volume, with a comprehensive product lineup that includes specialized rayon-based variants. These fibers are critical for applications requiring exceptional thermal resistance, such as in braking systems and industrial heating.

Innovation and Market Focus:

• Leading R&D in fiber innovation for next-generation aerospace

• Global expansion of production facilities to secure supply chains

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5️⃣ 6. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: High-performance carbon fibers, woven fabrics, and prepregs

Hexcel is a major supplier of advanced composites to the aerospace industry. While known for its PAN-based fibers, the company has capabilities and offerings in high-temperature rayon-based carbon fibers for specialized defense and space applications.

Innovation and Market Focus:

• Development of lightweight composite solutions for commercial aviation

• Strategic focus on sustainable aviation and reducing environmental impact

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4️⃣ 7. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty rayon-based carbon fibers for filtration and insulation

Kureha Corporation specializes in advanced carbon and graphite products. Their rayon-based carbon fibers are particularly valued in the energy sector for high-temperature insulation and in medical applications for their biocompatibility and purity.

Innovation and Market Focus:

• Expertise in carbon materials for battery technologies and energy storage

• Niche applications in pharmaceutical and biomedical engineering

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3️⃣ 8. Formosa Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: Rayon-based carbon fibers, textile-grade precursors

Formosa Plastics is a significant chemical company with a growing presence in the carbon fiber market. They supply rayon-based carbon fibers that are used in various industrial applications, including reinforced plastics and composite materials.

Innovation and Market Focus:

• Vertical integration from raw materials to finished carbon fibers

• Expansion into automotive and wind energy composites

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2️⃣ 9. AKSA Akrilik Kimya Sanayii A.Ş.

Headquarters: Istanbul, Turkey
Key Offering: Acrylic fibers, rayon-based carbon fiber precursors

AKSA is one of the world’s largest acrylic fiber producers and a key supplier of precursors for carbon fiber manufacturing. Their role in the supply chain is crucial for producing the rayon-based materials that are later carbonized into high-performance fibers.

Innovation and Market Focus:

• Strategic investments in precursor technology and capacity

• Serving global carbon fiber manufacturers with high-quality raw materials

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1️⃣ 10. Zoltek Companies, Inc. (A subsidiary of Toray)

Headquarters: Bridgeton, Missouri, USA
Key Offering: PANEX® carbon fibers, including large-tow rayon-based variants

Zoltek, now part of Toray, specializes in commercial-grade carbon fibers. The company focuses on making carbon fiber more accessible for industrial-scale applications, including those utilizing rayon precursors for specific thermal and electrical properties.

Innovation and Market Focus:

• Cost-effective carbon fiber solutions for wind turbine blades and automotive parts

• Leading the industrialization of carbon fiber for mass-market applications

Read Full Report: Global and United States Rayon-Based Carbon Fiber Market – View in Detailed Research Report

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🌍 Outlook: The Future of Rayon-Based Carbon Fiber Is High-Tech and High-Growth

The rayon-based carbon fiber market is experiencing a significant transformation. While PAN-based fibers dominate volume production for structural applications, rayon-based fibers are carving out a critical niche in high-temperature and specialized sectors. The industry is investing heavily in advanced manufacturing technologies and new application development to unlock further growth.

📈 Key Trends Shaping the Market:

• Increasing demand from the aerospace sector for heat-resistant components in engines and re-entry vehicles

• Growth in the renewable energy sector, particularly for high-temperature insulation in solar and nuclear applications

• Advancements in medical technology driving demand for biocompatible carbon fibers in implants and prosthetics

• Research into cost-reduction technologies to expand the use of rayon-based carbon fibers into new industrial sectors

Read Full Report: Global and United States Rayon-Based Carbon Fiber Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for today’s advanced industries—they are developing the cutting-edge solutions that will power the technologies of tomorrow.