The Global Rayon-Based Carbon Fiber Market was valued at USD 1.2 billion in 2023 and is projected to reach USD 2.6 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9-10% during the forecast period (2025-2030). This growth is being driven by increasing demand from aerospace, defense, and energy sectors, where high-temperature stability and exceptional mechanical properties are critical.

As industries seek advanced materials solutions, attention turns to the manufacturers pioneering next-generation rayon-based carbon fiber technologies. In this analysis, we profile the Top 10 Companies in the Rayon-Based Carbon Fiber Industry—leading materials science innovators shaping the future of high-performance composites.

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🔟 1. Toray Industries

Headquarters: Tokyo, Japan
Key Offering: Torayca® Carbon Fibers

Toray dominates the carbon fiber market with a 35% global share, producing rayon-based fibers renowned for their exceptional thermal properties and structural stability at extreme temperatures up to 3000°C.

Innovation Highlights:

• Pioneered PAN-to-rayon conversion technologies
• Major supplier for NASA and commercial space applications
• 2023 production capacity: 57,000 metric tons/year

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

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9️⃣ 2. Teijin Carbon

Headquarters: Osaka, Japan
Key Offering: Tenax® Carbon Fibers

Teijin specializes in high-performance rayon-based carbon fibers for aerospace and industrial applications, with proprietary oxidation-resistant formulations.

Innovation Highlights:

• Patented stabilization process for uniform fiber properties
• Strategic partnerships with Boeing and Airbus

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8️⃣ 3. Mitsubishi Chemical Carbon Fiber and Composites

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® Carbon Fibers

Mitsubishi Chemical produces specialized rayon-based carbon fibers with ultra-high purity (99.9+%) for semiconductor and nuclear applications.

Innovation Highlights:

• Development of next-gen precursor materials
• Focus on clean energy applications

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7️⃣ 4. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL® Carbon Fibers

SGL Carbon manufactures high-modulus rayon-based carbon fibers with outstanding thermal conductivity for industrial heating applications.

Innovation Highlights:

• Graphitization technology leadership
• Automotive industry partnerships

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

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6️⃣ 5. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexTow® Carbon Fibers

Hexcel produces high-strength rayon-based carbon fibers used in military aircraft and space launch systems.

Innovation Highlights:

• Advanced fiber architecture development
• Missile defense system applications

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5️⃣ 6. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: TANSOME® Carbon Fibers

Hyosung specializes in cost-effective rayon-based carbon fibers for industrial applications, with expanding production capabilities.

Innovation Highlights:

• Localized precursor production
• Growing presence in wind energy sector

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4️⃣ 7. Solvay (Cytec Industries)

Headquarters: Brussels, Belgium
Key Offering: Thornel® Carbon Fibers

Solvay’s Thornel rayon-based carbon fibers excel in high-temperature aerospace applications with patented oxidation protection.

Innovation Highlights:

• Hypersonic vehicle applications
• Reusable space vehicle components

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3️⃣ 8. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: Kureha Carbon Fiber

Kureha produces specialized rayon-based carbon fibers with dimensional stability for fuel cell and aerospace applications.

Innovation Highlights:

• Pitch-based fiber technology
• Growing hydrogen economy applications

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2️⃣ 9. Formosa Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: Formosa Carbon Fibers

Formosa provides cost-competitive rayon-based carbon fibers, focusing on industrial thermal applications.

Innovation Highlights:

• Integrated supply chain
• Expanding Asian market presence

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1️⃣ 10. Sinofibers Technology

Headquarters: Yixing, China
Key Offering: Specialty Carbon Fibers

Sinofibers focuses on domestic supply of rayon-based carbon fibers for China’s industrial and aerospace sectors.

Innovation Highlights:

• Government-supported R&D programs
• Localization of aerospace materials

Get Full Report Here: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report

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🌍 Market Outlook: Rayon-Based Carbon Fiber Drives Advanced Materials Innovation

The unique properties of rayon-based carbon fiber—including exceptional thermal stability, chemical resistance, and mechanical performance—are creating new opportunities across multiple high-tech industries.

📈 Key Market Trends:

• Increasing adoption in hypersonic vehicle thermal protection systems
• Growth in nuclear and concentrated solar power applications
• Advancements in fiber precursor treatment technologies
• Expanding semiconductor manufacturing applications

Get Full Report Here: Global Rayon-Based Carbon Fiber Market – View in Detailed Research Report

The companies profiled above are at the forefront of developing advanced materials solutions that enable next-generation technologies across aerospace, energy, and industrial sectors.