The Global Dry-Jet Wet Spinning Technology Market was valued at USD 1.85 Billion in 2025 and is projected to reach USD 3.42 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2034). This growth is being driven by escalating demand from the wind power and aviation sectors, significant investments in production capacity, and the unique ability of this technology to produce high-performance carbon fibers with superior tensile strength and modulus.

As the advanced materials industry pivots towards lightweight, high-strength composites for sustainability and performance, the focus shifts to the key technology providers enabling this transformation. In this blog, we profile the Top 10 Companies in the Dry-Jet Wet Spinning Technology Industry—a group of global giants, specialized manufacturers, and emerging innovators shaping the future of carbon fiber production.

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🔟 1. TORAY Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Proprietary Dry-Jet Wet Spinning Technology, TORAYCA® Carbon Fibers

TORAY is the undisputed global leader in carbon fiber production and a pioneer in Dry-Jet Wet Spinning Technology. The company’s advanced spinning process is the backbone of its TORAYCA® brand, which dominates the aerospace and high-performance industrial markets. TORAY operates massive production facilities globally and continuously invests in R&D to push the boundaries of fiber performance and production efficiency.

Innovation Initiatives:

• Pioneering large-tow and small-tow fiber production for diverse applications

• Heavy investment in R&D for next-generation precursor materials

• Strategic partnerships with aerospace OEMs like Boeing and Airbus

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9️⃣ 2. Teijin Carbon

Headquarters: Tokyo, Japan
Key Offering: Tenax® Carbon Fibers, Advanced Dry-Jet Wet Spinning Systems

Teijin Carbon is a major global competitor, renowned for its high-performance Tenax® carbon fibers produced using sophisticated Dry-Jet Wet Spinning Technology. The company serves demanding sectors including aerospace, automotive, and wind energy, with a strong focus on developing fibers that offer an optimal balance of strength, modulus, and cost-effectiveness for industrial-scale applications.

Innovation Initiatives:

• Development of intermediate modulus fibers for aerospace and defense

• Expansion of production capacity in Europe and the United States

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8️⃣ 3. Hexcel Corporation

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

Hexcel is a leading producer of advanced carbon fibers, with a significant portion of its production based on Dry-Jet Wet Spinning Technology. The company’s HexTow® fibers are critical components in next-generation commercial aircraft, military platforms, and space launch vehicles, where reliability and performance are non-negotiable.

Innovation Initiatives:

• Focus on aerospace-grade fibers with exceptional compression strength

• Investment in sustainable manufacturing processes and recyclable composites

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7️⃣ 4. Mitsubishi Chemical Carbon Fiber and Composites

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® Carbon Fibers, Industrial-Scale Spinning Solutions

Mitsubishi Chemical is a key player with advanced Dry-Jet Wet Spinning capabilities, producing its Pyrofil® carbon fibers for a wide range of applications. The company strategically serves both high-volume industrial markets, such as wind energy and pressure vessels, and specialized segments like sporting goods and automotive.

Innovation Initiatives:

• Expansion of large-tow fiber production for cost-sensitive industrial applications

• Development of fibers optimized for resin transfer molding (RTM) processes

Download FREE Sample Report:
Dry-Jet Wet Spinning Technology Market – View in Detailed Research Report

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL® Carbon Fibers, Customized Spinning Technology

SGL Carbon is a European leader in carbon-based solutions, utilizing Dry-Jet Wet Spinning Technology to produce its SIGRAFIL® fibers. The company has a strong presence in the automotive, aerospace, and industrial sectors, with a focus on developing tailored fiber solutions that meet specific customer requirements for performance and processing.

Innovation Initiatives:

• Focus on automotive applications, particularly for electric vehicle battery casings

• Investment in R&D for fiber recycling and sustainable production methods

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5️⃣ 6. ZOLTEK (A TORAY Group Company)

Headquarters: Budapest, Hungary
Key Offering: PANEX® 35 Carbon Fibers, High-Volume Spinning Technology

ZOLTEK, part of the TORAY Group, is a dominant force in the large-tow carbon fiber market. Its expertise in Dry-Jet Wet Spinning Technology is focused on producing cost-effective PANEX® 35 fibers, which are essential for large-scale industrial applications like wind turbine blades, where the balance of performance and economics is critical.

Innovation Initiatives:

• Leading supplier of carbon fiber for the global wind energy industry

• Continuous process optimization to drive down production costs

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4️⃣ 7. HYOSUNG Advanced Materials

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

HYOSUNG is a major South Korean industrial conglomerate that has made significant strides in carbon fiber production. The company operates state-of-the-art Dry-Jet Wet Spinning lines to produce its TANSOME® carbon fibers, competing aggressively in the industrial and automotive markets with a focus on scalability and competitive pricing.

Innovation Initiatives:

• Rapid expansion of production capacity to capture market share

• Development of fibers for hydrogen storage tanks and CNG cylinders

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

Headquarters: Lianyungang, Jiangsu, China
Key Offering: ZSFC Carbon Fibers, Domestic Spinning Technology

Zhongfu Shenying is one of China’s leading carbon fiber manufacturers, leveraging Dry-Jet Wet Spinning Technology to serve the booming domestic market. The company is a key supplier for China’s aerospace, wind power, and sports industries, benefiting from strong government support for advanced materials independence.

Innovation Initiatives:

• Focus on import substitution and supply chain security for Chinese industries

• Significant capital investment in new production lines

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2️⃣ 9. Solvay (formerly Cytec Industries)

Headquarters: Brussels, Belgium
Key Offering: CYCOM® Resins & Carbon Fibers, High-Performance Spinning

Solvay, through its acquisition of Cytec Industries, possesses advanced carbon fiber technology, including Dry-Jet Wet Spinning capabilities. The company is a premier supplier to the aerospace sector, offering high-performance fibers that are often used in combination with its proprietary resin systems to create advanced prepregs.

Innovation Initiatives:

• Development of fibers for primary aircraft structures

• Integration of fiber production with downstream composite material offerings

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1️⃣ 10. MAE S.p.A.

Headquarters: Busto Arsizio, Italy
Key Offering: Dry-Jet Wet Spinning Machinery and Turnkey Plants

MAE S.p.A. is a unique player as a specialized technology provider, rather than a fiber producer. The company designs, engineers, and supplies complete Dry-Jet Wet Spinning production lines to carbon fiber manufacturers worldwide. Its machinery is critical for companies seeking to establish or expand their carbon fiber production capabilities.

Innovation Initiatives:

• Development of high-speed, energy-efficient spinning lines

• Providing customized solutions for specific fiber properties and production volumes

Get Full Report Here:
Dry-Jet Wet Spinning Technology Market – View in Detailed Research Report

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🌍 Outlook: The Future of Carbon Fiber is Lighter, Stronger, and More Sustainable

The Dry-Jet Wet Spinning Technology market is undergoing a profound transformation. While the technology is already mature for producing standard-grade carbon fibers, the industry is investing heavily in next-generation processes, bio-based precursors, and digitalized production for enhanced sustainability and performance.

📈 Key Trends Shaping the Market:

• R&D focused on bio-based acrylonitrile precursors to reduce carbon footprint

• Digitalization and AI integration for real-time process control and yield optimization

• Increasing competition from Chinese manufacturers driving global capacity expansion

• Growing adoption in new applications like civil engineering, marine, and medical devices

Get Full Report Here:
Dry-Jet Wet Spinning Technology Market – View in Detailed Research Report

The companies listed above are not only supplying the materials for a lighter future—they’re engineering the core technology that makes advanced composites possible.

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