North America Carbon Fiber Market (2025-2031) | Forecast, Companies, Analysis, Value, Size, Outlook, Industry, Growth, Trends, Revenue & Share

North America Carbon Fiber Market Highlights

Report Name	North America Carbon Fiber Market
Forecast Period	2025-2031
Market Size	9.34 billion By 2031
CAGR	8.7%
Growing Sector	Aerospace

Topics Covered in the North America Carbon Fiber Market Report

North America Carbon Fiber Market report report thoroughly covers the market By Countries, By Raw Material, By Product Types, By Form Types and By Application. The North America Carbon Fiber Market report provides an unbiased and detailed analysis of the ongoing North America Carbon Fiber Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Carbon Fiber Size Analysis

North America Carbon Fiber Market was valued at USD 4.5 billion and is expected to reach USD 9.34 billion , growing at a CAGR of around 8.7% from 2025-2031. The growth in the market can be attributed to the increasing demand for lightweight and high-strength materials from various end-use industries such as aerospace, automotive, and wind energy.

North America Carbon Fiber Market Synopsis

North America  Carbon Fiber Market has experienced significant success and is expected to continue growing in the future. The market is emerging as a key player in the global carbon trading landscape. The demand for carbon fiber in North America is being driven by the increasing use of composites in various industries such as aerospace, automotive, sports and leisure, and construction. Additionally, the rising need for fuel-efficient vehicles is also contributing to the growth of the market.

According to 6Wresearch, North America Carbon Fiber Market size is expected to grow at a significant CAGR of 8.7% during 2025-2031. The market growth is mainly driven by the increasing use of carbon fiber in the aerospace industry. With the development of advanced technology and materials, carbon fiber has become an essential component for aircraft manufacturing due to its high strength-to-weight ratio, durability, and corrosion resistance. Furthermore, there has been a rise in investments and partnerships between key players in the market to expand their production capabilities and cater to the growing demand for carbon fiber. For instance, in 2020, Toray Industries Inc., a leading producer of carbon fiber, announced its plans to expand its US production capacity by investing USD 88 million in new equipment. 

Fiber Market in North America : Novel Trends

Over the years, the North America Carbon Fiber Market has witnessed various novel trends that have further boosted its growth. One such trend is the increasing use of carbon fiber in the automotive industry. With the growing focus on reducing vehicle weight to improve fuel efficiency and decrease emissions, car manufacturers are increasingly incorporating carbon fiber components in their vehicles. Another trend in the market is the development of new forms of carbon fiber, such as carbon nanotubes and graphene. These advanced materials offer even higher strength and lighter weight compared to traditional carbon fibers, making them ideal for use in high-performance applications.

Investment Opportunities in North America Carbon Fiber Industry

The North America Carbon Fiber Market presents lucrative investment opportunities for both existing and new players. The market is expected to witness a significant growth rate in the coming years, driven by the increasing demand from various end-use industries. Moreover, with the growing focus on sustainable development and reducing carbon emissions, there is a high potential for growth in the market as more industries adopt carbon fiber materials in their manufacturing processes. Additionally, collaborations and partnerships between key players can help enhance production capabilities and expand into new markets.

Leading Players Expanding the North America Carbon Fiber Market Share

The North America Carbon Fiber Market is highly competitive with the presence of major players such as Toray Industries Inc., Solvay SA, Teijin Limited, and Hexcel Corporation. These companies are focusing on strategic partnerships, new product launches, and expanding their production capabilities to increase their market share. Furthermore, key players are also investing in R&D activities to develop advanced carbon fiber materials and cater to the evolving demands of various industries. For instance, in 2019, Mitsubishi Chemical Holdings Corporation announced its plans to invest USD 867 million over three years for R&D in carbon fiber production.

Government Regulations for Effective Market Performance

The North America Carbon Fiber Market is also subject to various government regulations and policies. The use of carbon fiber in industries such as aerospace and automotive is highly regulated, with strict standards for safety and performance. Moreover, the increasing focus on reducing carbon emissions has led to the implementation of emission reduction targets by governments, which can drive the demand for lightweight materials like carbon fiber. In addition, government initiatives and subsidies for renewable energy sources have also contributed to the growth of the wind energy sector, further driving the demand for carbon fiber.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

US to Dominate the Market - By Countries

According to Dhaval, Research Manager, 6Wresearch, The US is expected to hold the largest revenue share in the North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market during the forecast period. This can be attributed to the presence of major market players, increasing investments in renewable energy sources, and supportive government initiatives promoting sustainable development.

Virgin to Dominate the Market - By Source

The virgin segment is expected to dominate the market, owing to its higher purity and lower cost compared to recycled carbon fiber. However, the recycled segment is also gaining traction due to its eco-friendliness and potential cost savings in certain applications.

PAN to Dominate the Market - By Precursor

The PAN precursor segment is expected to dominate the market, as it is widely used in the production of carbon fiber due to its superior properties such as high strength and stiffness. However, there is also a growing interest in pitch-based carbon fiber for its potential cost savings and improved electrical conductivity.

Thermosetting to Dominate the Market - By Resin

The thermosetting resin segment is expected to dominate the market, as it offers better mechanical properties and chemical resistance compared to thermoplastic resins. However, the thermoplastic segment is also gaining traction due to its recyclability and potential cost savings in certain applications.

Aerospace to Dominate the Market - By End-Use Industry

The aerospace and defense industry is expected to dominate the market, as carbon fiber is widely used in aircraft and military equipment due to its lightweight and high strength properties. However, the wind energy industry is also a significant contributor to the market's growth, driven by the increasing adoption of renewable energy sources.

Lay-Up to Dominate the Market - By Manufacturing Process

The lay-up manufacturing process is expected to dominate the market, as it offers a high level of customization and can produce complex shapes and designs. However, resin transfer molding and filament winding processes are also gaining popularity due to their cost-effectiveness and ability to produce high-quality parts. It is important for companies operating in this market to understand these key segments and their dominant categories to make informed business decisions.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Factors Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Outlook
• Market Size of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2024
• Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market, 2031
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Revenues & Volume for the Period 2020 - 2030
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Trend Evolution
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Drivers and Challenges
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Price Trends
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Porter's Five Forces
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Industry Life Cycle
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Source for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Virgin for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Recycled for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Source for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Virgin for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Recycled for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Source for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Virgin for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Recycled for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Precursor for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By PAN for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pitch for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Rayon for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Precursor for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By PAN for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pitch for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Rayon for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Precursor for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By PAN for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pitch for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Rayon for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermosetting for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermoplastic for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermosetting for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermoplastic for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermosetting for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Thermoplastic for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By End-use Industry for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Aerospace & Defense for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Sporting Goods for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Civil Engineering for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pipe & Tank for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Marine for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By End-use Industry for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Aerospace & Defense for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Sporting Goods for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Civil Engineering for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pipe & Tank for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Marine for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By End-use Industry for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Aerospace & Defense for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Wind Energy for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Sporting Goods for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Civil Engineering for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pipe & Tank for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Marine for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Manufacturing Process for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Lay-up for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin Transfer Molding for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Filament Winding for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Compression Molding for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Injection Molding for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pultrusion for the Period 2020 - 2030
• Historical Data and Forecast of North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Manufacturing Process for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Lay-up for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin Transfer Molding for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Filament Winding for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Compression Molding for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Injection Molding for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pultrusion for the Period 2020 - 2030
• Historical Data and Forecast of United States Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Manufacturing Process for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Lay-up for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Resin Transfer Molding for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Filament Winding for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Compression Molding for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Injection Molding for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Pultrusion for the Period 2020 - 2030
• Historical Data and Forecast of Canada Carbon Fiber and Carbon Fiber Reinforced Plastic Market Revenues & Volume By Others for the Period 2020 - 2030
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Key Performance Indicators
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Import Export Trade Statistics
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By Countries
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By Source
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By Precursor
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By Resin
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By End-use Industry
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Opportunity Assessment By Manufacturing Process
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Top Companies Market Share
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Top Companies Profiles
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Comparison of Players in Technical and Operating Parameters
• North America Carbon Fiber and Carbon Fiber Reinforced Plastic Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Raw Material Types

• PAN–Based Carbon Fiber
• Pitch–Based Carbon Fiber
• Rayon–Based Carbon Fiber

 By Product Types

• Continuous Carbon Fiber
• Long Carbon Fiber
• Short Carbon Fiber

By Form Types

• Composite Carbon Fiber
• Non-Composite Carbon Fiber

By Applications

• Automotive
• Aerospace & Defense
• Wind Turbines
• Sports Equipment
• Molding & Compounding
• Construction
• Pressure Vessels
• Others
• Thermosetting
• Thermoplastic

By End-Use Industry

• Aerospace & Defense
• Wind Energy
• Automotive
• Sporting Goods
• Civil Engineering
• Pipe & Tank
• Marine