The Global Carbon-Based New Materials Market was valued at USD 69.85 Billion in 2025 and is projected to reach USD 118.42 Billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period (2024–2030). This exceptional growth is fueled by escalating demand from the aerospace, automotive, renewable energy, and electronics sectors, coupled with a global shift toward lightweight, high-strength, and sustainable material solutions.

As industries worldwide prioritize efficiency and environmental responsibility, the development of advanced carbon-based materials has become a cornerstone of innovation. These materials, including carbon fiber composites, graphite electrodes, and advanced carbon anodes, are critical for next-generation technologies. In this analysis, we profile the Top 10 Companies in the Carbon-Based New Materials Industry—a dynamic group of chemical giants, composite specialists, and advanced material innovators shaping the future of manufacturing.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® Carbon Fiber, Carbon Fiber Composites, Prepregs

Toray is the world’s leading producer of carbon fiber, holding a significant global market share. Its TORAYCA® brand is synonymous with high-performance materials used in aerospace (like Boeing and Airbus aircraft), automotive, and sporting goods. The company continuously invests in R&D to enhance fiber properties and reduce production costs.

Innovation and Sustainability Focus:

• Development of low-cost, high-volume carbon fiber for mass-market automotive applications.
• Advanced recycling technologies for carbon fiber composites.
• Commitment to carbon neutrality across its operations by 2050.

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9️⃣ 2. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Carbon Fiber, Specialty Polymers, Composite Materials

Solvay is a major global player in advanced materials, offering a comprehensive portfolio of high-performance carbon fibers and composite formulations. Its materials are essential in aerospace, automotive lightweighting, and industrial applications, known for their exceptional strength-to-weight ratio and thermal stability.

Innovation and Sustainability Focus:

• Expansion of sustainable bio-based and recycled carbon fiber initiatives.
• Strategic partnerships with OEMs to develop next-generation composite solutions.

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8️⃣ 3. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® Carbon Fiber, Carbon Fiber Reinforced Thermoplastics (CFRTP)

Mitsubishi Chemical is a key competitor in the carbon fiber space, with its Pyrofil® brand serving demanding markets. The company is a leader in developing Carbon Fiber Reinforced Thermoplastics (CFRTP), which offer faster processing times compared to thermoset composites, revolutionizing manufacturing cycles.

Innovation and Sustainability Focus:

• Focus on CFRTP for high-volume automotive production.
• Development of carbon fibers from alternative precursors for cost reduction.

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7️⃣ 4. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon Fibers, Weaves, Adhesives, Composite Structures

Hexcel is a premier specialist in advanced composites, supplying a wide range of carbon fibers and fabric reinforcements. It is a critical supplier to the aerospace and defense industries, providing lightweighting solutions that improve fuel efficiency and performance for aircraft and spacecraft.

Innovation and Sustainability Focus:

• Leadership in aerospace-grade intermediate modulus carbon fibers.
• Investment in sustainable aviation through lightweight composite technologies.

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon Fibers, Graphite Electrodes, Carbon & Graphite Specialties

SGL Carbon is a leading European manufacturer with a diverse portfolio spanning carbon fibers, composite materials, and graphite-based solutions. It is a major supplier of graphite electrodes for electric arc furnace steel production and develops carbon fiber components for the BMW i-series and other automotive leaders.

Innovation and Sustainability Focus:

• Development of large-scale automotive carbon fiber components.
• Innovation in graphite materials for semiconductor and battery applications.

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5️⃣ 6. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: Tenax® Carbon Fiber, Composites, Aramid Fibers

Teijin is a formidable force in high-performance fibers, with its Tenax® carbon fiber being a preferred choice for aerospace, automotive, and industrial uses. The company is also pioneering the development of carbon fiber recycling technologies to establish a circular economy for composites.

Innovation and Sustainability Focus:

• Commercialization of carbon fiber closed-loop recycling systems.
• Strategic focus on expanding applications in electric vehicle battery casings.

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4️⃣ 7. BaoWu Carbon Technology Co., Ltd.

Headquarters: Baotou, China
Key Offering: Graphite Electrodes, Carbon Anodes, Isotropic Graphite

As a subsidiary of China Baowu Steel Group, BaoWu Carbon Technology is a dominant player in the graphite electrode market, essential for steel recycling. The company is rapidly scaling its production capacity to meet global demand and is investing in high-purity graphite for new energy applications.

Innovation and Sustainability Focus:

• Capacity expansion to become a top global graphite electrode supplier.
• R&D into graphite materials for lithium-ion battery anodes.

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

Headquarters: Lianyungang, China
Key Offering: Carbon Fiber, Carbon Fiber Fabrics

Zhongfu Shenying is one of China’s leading carbon fiber manufacturers, playing a crucial role in the country’s strategy for self-sufficiency in advanced materials. It supplies a growing domestic market for wind energy, aerospace, and sporting goods, with rapidly expanding production lines.

Innovation and Sustainability Focus:

• Significant government-backed expansion of carbon fiber production capacity.
• Focus on cost-competitive standard modulus carbon fibers for industrial use.

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2️⃣ 9. BTR New Material Group Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Negative Electrode Materials (Anodes), Graphite Products

BTR is a global leader in anode materials for lithium-ion batteries, a critical carbon-based material for the electric vehicle and energy storage revolutions. Its high-performance synthetic and natural graphite products are used by major battery manufacturers worldwide.

Innovation and Sustainability Focus:

• Pioneering silicon-carbon composite anodes for higher energy density batteries.
• Vertical integration and global supply chain development.

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1️⃣ 10. Ningbo Shanshan Co., Ltd.

Headquarters: Ningbo, China
Key Offering: Anode Materials, Polarizing Films, Lithium-ion Battery Materials

Ningbo Shanshan is another major force in the lithium-ion battery supply chain, specializing in anode materials. The company has evolved from a apparel manufacturer into a leading new energy materials supplier, highlighting the transformative potential of the carbon-based materials sector.

Innovation and Sustainability Focus:

• Large-scale production of cost-effective anode materials.
• Strategic partnerships with global EV and battery makers.

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🔬 Outlook: The New Age of Manufacturing is Carbon-Based

The carbon-based new materials market is at the forefront of industrial transformation. While traditional materials still serve foundational roles, the industry is channeling massive investments into lighter, stronger, and smarter carbon solutions that redefine performance and sustainability across applications.

📈 Key Trends Reshaping the Industry:

• Exponential growth in demand for carbon fiber from the wind energy and aerospace sectors.
• Accelerated adoption of graphite anodes driven by the global electric vehicle boom.
• Advancements in composite recycling technologies to address end-of-life challenges.
• Increasing integration of digital manufacturing and AI in material production processes.

Get Full Report Here:
Global Carbon-Based New Materials Market – View in Detailed Research Report

The companies profiled are not merely suppliers; they are the architects of a lighter, stronger, and more efficient industrial future. Their innovations are paving the way for breakthroughs in transportation, energy, and technology that were once unimaginable.