The Global Carbon Fiber-Resin Composite Market was valued at USD 25.8 Billion in 2023 and is projected to reach USD 42.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period (2024–2030). This robust expansion is primarily fueled by soaring demand from the Aerospace & Defense and Wind Energy sectors, alongside accelerating adoption in automotive lightweighting and high-performance industrial applications.

As industries worldwide push the boundaries of performance, efficiency, and sustainability, the demand for materials that offer superior strength-to-weight ratios has never been greater. Carbon fiber-resin composites stand at the forefront of this materials revolution. In this analysis, we profile the Top 10 Companies in the Carbon Fiber-Resin Composite Industry—global leaders and innovators shaping the supply chain from precursor to finished component.

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🔟 1. Toray Industries, Inc.

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

Toray Industries is the world’s largest manufacturer of carbon fiber by production capacity. Its TORAYCA® brand is synonymous with high performance and reliability, serving top-tier clients in aerospace (e.g., Boeing, Airbus), sporting goods, and industrial applications. The company continuously invests in R&D to enhance fiber properties and develop new resin systems.

Innovation & Growth Initiatives:

• Mass production of intermediate-modulus and high-strength fibers for next-gen aircraft

• Expansion of production facilities in the U.S., Europe, and South Korea

• Development of recycled carbon fiber and bio-based precursors for sustainability

Download FREE Sample Report: Carbon Fiber-Resin Composite Market – View in Detailed Research Report

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9️⃣ 2. Hexcel Corporation

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

Hexcel is a leading advanced composites company, specializing in a wide range of thermoset and thermoplastic materials. It is a primary supplier to the commercial aerospace industry, with its materials used in airframe structures, engine components, and interior applications. The company’s focus on innovation is evident in its high-performance HexPly® and HexTow® product lines.

Innovation & Growth Initiatives:

• Strategic partnerships with major aerospace OEMs for new aircraft programs

• Investment in automated manufacturing and out-of-autoclave technologies

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8️⃣ 3. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Specialty polymers, composite materials, cyanate esters, epoxy resins

Solvay is a global leader in advanced materials, providing high-performance resin systems and composite solutions. Its product portfolio includes a comprehensive range of epoxy, thermoplastic, and cyanate ester resins tailored for demanding environments in aerospace, automotive, and energy. Solvay’s technologies enable lighter, stronger, and more durable composite structures.

Innovation & Growth Initiatives:

• Development of fast-curing and sustainable resin formulations

• Expansion of thermoplastic composite capabilities for high-volume applications

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: TENAX® carbon fibers, prepregs, composite structures

Teijin is a major global player in carbon fibers and composites, with a strong presence in aerospace, automotive, and sports and leisure markets. The company is known for its vertically integrated operations, from fiber production to the design and manufacture of complex composite parts. Teijin also focuses on developing carbon fiber recycling technologies.

Innovation & Growth Initiatives:

• Acquisition of Renegade Materials Corporation to enhance aerospace prepreg offerings

• Investment in Sereebo®, a rapid compression molding technology for mass production

Download FREE Sample Report: Carbon Fiber-Resin Composite Market – View in Detailed Research Report

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

Headquarters: Tokyo, Japan (Global Operations based in the U.S.)
Key Offering: Pyrofil® carbon fibers, prepregs, molded components

Mitsubishi Chemical is a leading supplier of carbon fiber and composite materials, with a diverse portfolio serving aerospace, industrial, and sporting goods markets. The company emphasizes technological development to improve production efficiency and material performance, particularly for pressure vessel and automotive applications.

Innovation & Growth Initiatives:

• Focus on large-tow carbon fibers for cost-sensitive industrial markets

• Development of composites for hydrogen storage and transportation

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5️⃣ 6. SGL Carbon

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

SGL Carbon is a leading manufacturer of carbon-based solutions, including a wide array of composite products. The company serves key industries such as automotive (e.g., BMW i-series), aerospace, and wind energy. SGL is heavily invested in developing materials for next-generation mobility, including battery boxes and fuel cell components.

Innovation & Growth Initiatives:

• Joint ventures with automotive OEMs for lightweight vehicle structures

• R&D into carbon fiber composites for battery electric vehicles (BEVs)

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4️⃣ 7. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: Epoxy, phenolic, and vinyl ester resins for composites

Hexion is a global leader in thermoset resins, providing the essential matrix materials for a vast range of composite applications. Its products are critical in wind turbine blades, automotive parts, and construction. The company focuses on developing formulations that offer improved processing characteristics, durability, and fire resistance.

Innovation & Growth Initiatives:

• Development of bio-based and low-volatile organic compound (VOC) resin systems

• Specialized resins for high-temperature and corrosion-resistant applications

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3️⃣ 8. DSM Engineering Materials (now part of Covestro)

Headquarters: Heerlen, Netherlands (Business acquired by Covestro)
Key Offering: High-performance thermoplastics, composite tapes, pellets

Formerly DSM’s engineering materials business, this entity is now a key part of Covestro, creating a powerhouse in engineered thermoplastics. It specializes in materials like PAEK (Polyaryletherketone) and continuous fiber-reinforced thermoplastics (CFRTP), which are gaining traction for their recyclability and fast processing speeds in aerospace and electronics.

Innovation & Growth Initiatives:

• Leading the shift towards thermoplastic composites for sustainability

• Development of Diablo-based materials for high-temperature applications

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2️⃣ 9. Gurit Holding AG

Headquarters: Wattwil, Switzerland
Key Offering: Prepregs, core materials, structural engineering services

Gurit is a specialist in composite materials and engineering solutions, with a particularly strong footprint in the wind energy and marine industries. The company provides an integrated portfolio that includes core materials like balsa and PET foam, alongside advanced prepreg systems, supporting customers from design to production.

Innovation & Growth Initiatives:

• Focus on sustainable core materials and resin systems for the wind sector

• Expansion of component manufacturing for automotive and industrial markets

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1️⃣ 10. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass and composite materials, technical fabrics

While renowned for fiberglass, Owens Corning is a significant player in the broader composites market, supplying reinforcements and resins used in various applications. Its materials are essential in construction, transportation, and wind energy. The company leverages its global manufacturing footprint and R&D capabilities to drive material innovation.

Innovation & Growth Initiatives:

• Development of high-performance glass fiber reinforcements for cost-effective solutions

• Sustainability initiatives focused on recycling and reducing the carbon footprint of materials

Get Full Report Here: Carbon Fiber-Resin Composite Market – View in Detailed Research Report

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🌍 Outlook: The Future of Carbon Fiber-Resin Composites is Smarter and More Sustainable

The carbon fiber-resin composite market is undergoing a significant transformation. While aerospace remains the driver of highest-performance materials, new growth frontiers are opening in mass-volume sectors like automotive and energy. The industry is simultaneously addressing its historical challenges of high cost and energy-intensive production through technological breakthroughs.

📈 Key Trends Shaping the Market:

• Automation and Digitalization: Increased use of automated tape laying (ATL), automated fiber placement (AFP), and AI-driven process optimization to reduce costs and improve quality.

• Thermoplastic Composites Gain Traction: Growing preference for thermoplastics over thermosets due to their recyclability, faster cycle times, and improved toughness.

• Sustainability Imperative: Accelerated R&D into recycled carbon fiber, bio-based resins, and more energy-efficient manufacturing processes to meet environmental regulations and corporate ESG goals.

• Expansion into New Applications: Proliferation of composites in electric vehicle batteries, hydrogen tanks, 5G infrastructure, and medical devices.

Get Full Report Here: Carbon Fiber-Resin Composite Market – View in Detailed Research Report

The companies profiled above are not just manufacturing materials; they are enabling technological progress across global industries, driving the transition towards a lighter, stronger, and more efficient future.