The Global High Performance Carbon Fiber Market was valued at USD 5.21 Billion in 2024 and is projected to reach USD 9.87 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period (2024–2030). This robust growth is propelled by escalating demand from the aerospace and defense sectors, the automotive industry’s push for lightweighting to meet emission standards, and the rapid expansion of the wind energy market.

As industries worldwide prioritize efficiency, durability, and sustainability, high-performance carbon fiber has emerged as a critical enabling material. In this blog, we profile the Top 10 Companies in the High Performance Carbon Fiber Industry—a group of advanced material giants and specialized manufacturers driving innovation and shaping the future of composite materials.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fibers, prepregs, composites

Toray is the world’s largest producer of carbon fiber by volume, with a dominant position in the aerospace sector. Its TORAYCA® brand is synonymous with high strength, high modulus fibers used in commercial aircraft like the Boeing 787 and Airbus A350, where weight reduction is critical for fuel efficiency.

Innovation & Expansion Initiatives:

• Continuous capacity expansion to meet aerospace and industrial demand

• Development of intermediate modulus and high-tensile strength fibers for next-gen applications

• Strategic partnerships with major OEMs across aerospace, automotive, and sporting goods

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9️⃣ 2. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon fibers, woven fabrics, prepregs, adhesives

Hexcel is a leading advanced composites company with a strong focus on aerospace and defense. It is a primary supplier for both commercial and military aircraft programs, providing lightweight, high-strength composite solutions that enhance performance and durability.

Innovation & Expansion Initiatives:

• Pioneering HexPly® and HexTow® product lines for next-generation aircraft

• Investing in automated manufacturing and resin infusion technologies

• Expanding into space and urban air mobility (UAM) markets

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax® carbon fibers, prepregs, thermoplastic composites

Teijin Carbon is a major global player renowned for its Tenax® carbon fiber. The company has a diversified portfolio, serving aerospace, automotive, and industrial markets with a strong emphasis on thermoplastic composites for high-volume manufacturing.

Innovation & Expansion Initiatives:

• Leading the development of carbon fiber reinforced thermoplastics (CFRTP)

• Acquisition of Renegade Materials Corporation to bolster aerospace prepreg capabilities

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Carbon fibers, specialty polymers, composite materials

Solvay is a key supplier of advanced composite materials for the aerospace industry. Its product portfolio includes a wide range of high-performance thermoset and thermoplastic prepregs that offer excellent fire resistance and mechanical properties.

Innovation & Expansion Initiatives:

• Focus on sustainable composite solutions and circular economy principles

• Development of CryoSafe® tanks for hydrogen storage in the clean energy transition

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6️⃣ 5. Mitsubishi Chemical Carbon Fiber and Composites, Inc.

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® carbon fibers, intermediate materials

Mitsubishi Chemical is a leading global supplier, particularly strong in large-tow carbon fibers for industrial applications like wind turbine blades and pressure vessels. Its Pyrofil® brand is recognized for its consistent quality and performance.

Innovation & Expansion Initiatives:

• Capacity expansions targeting the growing wind energy and hydrogen tank markets

• Development of lower-cost carbon fibers to penetrate new industrial segments

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5️⃣ 6. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon fibers, composite components, custom solutions

SGL Carbon is a leading developer and manufacturer of carbon-based solutions. The company provides carbon fibers and custom-made composite parts for the automotive, aerospace, and semiconductor industries, with a strong focus on the BMW i-series.

Innovation & Expansion Initiatives:

• Strategic partnership with BMW Group for lightweight automotive components

• Expansion of graphite specialty products for the semiconductor sector

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4️⃣ 7. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: TANSOME® carbon fibers, industrial-grade large tow fibers

Hyosung is a major Asian producer that has made significant investments to become a key global player. It focuses on large-tow, industrial-grade carbon fibers, making it a crucial supplier for the wind energy and automotive industries seeking cost-effective solutions.

Innovation & Expansion Initiatives:

• Aggressive capacity expansion to 24,000 tons per year by 2028

• Targeting price-competitive industrial applications to drive mass adoption

Download FREE Sample Report:
Global High Performance Carbon Fiber Market – View in Detailed Research Report

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3️⃣ 8. Zhongfu Shenying Carbon Fiber Co., Ltd.

Headquarters: Lianyungang, Jiangsu, China
Key Offering: SYT45, SYT49 carbon fibers, woven fabrics

Zhongfu Shenying is one of China’s leading carbon fiber manufacturers and a key player in the country’s strategy for composite material self-sufficiency. It produces a range of aerospace and industrial grade fibers, serving both domestic and international markets.

Innovation & Expansion Initiatives:

• Rapid capacity expansion supported by Chinese government industrial policies

• Development of T800-grade fibers to compete in the global aerospace supply chain

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2️⃣ 9. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: TC-33, TC-35 carbon fibers, industrial large tow

Formosa Plastics is a significant producer of acrylonitrile (the precursor to carbon fiber) and has vertically integrated into carbon fiber manufacturing. The company is focused on industrial applications, leveraging its cost advantages in raw materials.

Innovation & Expansion Initiatives:

• Vertical integration from acrylonitrile to finished carbon fiber products

• Expansion of production capacity for industrial and sporting goods markets

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1️⃣ 10. Jiangsu Hengshen Co., Ltd.

Headquarters: Zhenjiang, Jiangsu, China
Key Offering: HS series carbon fibers, aerospace and industrial grades

Jiangsu Hengshen is a prominent Chinese carbon fiber producer with a strong focus on the aerospace sector. The company supplies carbon fiber for China’s Commercial Aircraft Corporation of China (COMAC) aircraft programs and is expanding its global footprint.

Innovation & Expansion Initiatives:

• Key supplier for China’s domestic aerospace industry, including the C919 narrowbody jet

• Continuous R&D to advance fiber performance and reduce production costs

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Global High Performance Carbon Fiber Market – View in Detailed Research Report

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🌍 Outlook: The Future of High Performance Carbon Fiber Is Lighter and Smarter

The high-performance carbon fiber market is undergoing a significant transformation. While aerospace remains the primary driver of innovation, industrial applications are rapidly expanding, creating new opportunities and competition.

📈 Key Trends Shaping the Market:

• Accelerated adoption in automotive for electric vehicle battery enclosures and structural components

• Exponential growth in demand from the wind energy sector for longer, more efficient turbine blades

• Development of recycling technologies and sustainable production methods to reduce environmental impact

• Increased automation in manufacturing processes to lower costs and improve consistency

Get Full Report Here:
Global High Performance Carbon Fiber Market – View in Detailed Research Report

The companies listed above are not only supplying advanced materials—they’re enabling the lightweight revolution across global industries, from the skies to the roads and beyond.