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Top 10 Companies in the Carbon Fiber and CFRP Industry (2025): Pioneers Revolutionizing Advanced Materials

In Business Insights
August 16, 2025

The Global Carbon Fiber and CFRP Market was valued at US$ 384.7 million in 2023 and is projected to reach US$ 733.5 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2030). This growth trajectory reflects accelerating adoption across aerospace, automotive, and renewable energy sectors, driven by demand for lightweight, high-strength composite solutions.

As industries worldwide prioritize performance optimization and sustainability, carbon fiber reinforced polymer (CFRP) has emerged as a transformative material platform. This analysis profiles the Top 10 Companies in the Carbon Fiber and CFRP Industry—market leaders driving technological innovation across the value chain from precursor materials to finished composite applications.

🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Carbon fiber, prepregs, composite materials

Toray maintains its position as the world’s dominant carbon fiber producer, holding approximately 34% of global market share. Its TORAYCA® products are critical components in Boeing and Airbus aircraft structures, as well as high-performance automotive applications.

Innovation Highlights:

  • Pioneered PAN-based carbon fiber manufacturing technology
  • Developed innovative thermoplastic CFRP for mass production vehicles
  • Committed US$1 billion to expand global production capacity through 2025

Download FREE Sample Report:
Carbon Fiber and CFRP Market – View in Detailed Research Report

9️⃣ 2. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Carbon fiber, Tenax® composites

Teijin has emerged as a leader in high-performance carbon fibers, particularly for aerospace applications requiring exceptional strength-to-weight ratios.

Innovation Highlights:

  • Pioneering closed-loop carbon fiber recycling technology
  • Strategic joint venture with SABIC for aerospace composites
  • Development of rapid-cure prepreg systems

8️⃣ 3. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: PYROFIL® carbon fiber, thermoset prepregs

MCC has established itself as a premier manufacturer of intermediate modulus carbon fibers serving diverse industrial applications from sporting goods to pressure vessels.

Innovation Highlights:

  • Breakthrough 60-second cure prepreg technology
  • Expansion of large-tow (50K) carbon fiber capacity
  • Advanced fiber sizing formulations for improved composite performance

7️⃣ 4. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Aerospace-grade carbon fiber, prepregs

Hexcel remains the preferred composites supplier for leading aerospace OEMs, with materials specified in next-generation aircraft programs.

Innovation Highlights:

  • Primary composite supplier for Boeing 787 and Airbus A350 programs
  • HexAM® additive manufacturing platform for complex aerospace components
  • Development of toughened epoxy systems for damage-resistant structures

Download FREE Sample Report:
Carbon Fiber and CFRP Market – View in Detailed Research Report

6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon fiber, composite solutions

SGL Carbon delivers tailored carbon fiber solutions with particular expertise in automotive and industrial applications requiring cost-effective composite solutions.

Innovation Highlights:

  • Key innovator in carbon fiber for automotive mass production
  • Pioneered fiber-reinforced thermoplastic composite components
  • Strategic partnerships with European automakers for EV battery enclosures

5️⃣ 6. Solvay

Headquarters: Brussels, Belgium
Key Offering: Composite materials, thermoplastic solutions

Solvay’s advanced composite formulations serve demanding aerospace and industrial applications where performance and reliability are paramount.

Innovation Highlights:

  • Developed certification methodologies for aircraft primary structures
  • Advanced thermoplastic welding technology enabling faster CFRP assembly
  • High-temperature resin systems for next-gen aerospace applications

4️⃣ 7. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Carbon fiber, industrial-grade composites

Formosa Plastics has become a major producer of cost-competitive large-tow carbon fibers serving industrial markets and wind energy applications.

Innovation Highlights:

  • Specialized in high-volume 50K tow carbon fiber production
  • Key supplier to global wind turbine manufacturers
  • Continuous optimization of precursor materials

3️⃣ 8. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: Carbon fiber, hydrogen storage materials

Hyosung has rapidly emerged as a significant Asian producer with growing qualifications for aerospace and hydrogen economy applications.

Innovation Highlights:

  • Developing specialized carbon fiber for Type IV hydrogen tanks
  • Expanding aerospace material certifications and qualifications
  • Scalable production processes for industrial applications

2️⃣ 9. Jiangsu Hengshen Fiber Material Co., Ltd.

Headquarters: Lianyungang, China
Key Offering: Carbon fiber, aerospace composites

Hengshen represents China’s leading domestic carbon fiber producer with growing capabilities in aerospace-grade materials.

Innovation Highlights:

  • Progress in T1000-grade carbon fiber development
  • Strategic supplier to China’s commercial aerospace programs
  • Continuous expansion of production capacity

Rohit k
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