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Global 24K Carbon Fiber Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global 24K Carbon Fiber Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 PAN Based Carbon Fiber
    • 1.3.3 Pitch-Based Carbon Fiber
    • 1.3.4 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global 24K Carbon Fiber Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Automotives
    • 1.4.3 Ship
    • 1.4.4 Wind Energy
    • 1.4.5 Machinery
    • 1.4.6 Construction
    • 1.4.7 Consumer Electronics
    • 1.4.8 Aerospace and Military
    • 1.4.9 Scientific Research
    • 1.4.10 Others
  • 1.5 Global 24K Carbon Fiber Market Size & Forecast
    • 1.5.1 Global 24K Carbon Fiber Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global 24K Carbon Fiber Sales Quantity (2020-2031)
    • 1.5.3 Global 24K Carbon Fiber Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Hexcel
    • 2.1.1 Hexcel Details
    • 2.1.2 Hexcel Major Business
    • 2.1.3 Hexcel 24K Carbon Fiber Product and Services
    • 2.1.4 Hexcel 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Hexcel Recent Developments/Updates
  • 2.2 Toray Composite Materials
    • 2.2.1 Toray Composite Materials Details
    • 2.2.2 Toray Composite Materials Major Business
    • 2.2.3 Toray Composite Materials 24K Carbon Fiber Product and Services
    • 2.2.4 Toray Composite Materials 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Toray Composite Materials Recent Developments/Updates
  • 2.3 Mitsubishi Chemical
    • 2.3.1 Mitsubishi Chemical Details
    • 2.3.2 Mitsubishi Chemical Major Business
    • 2.3.3 Mitsubishi Chemical 24K Carbon Fiber Product and Services
    • 2.3.4 Mitsubishi Chemical 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Mitsubishi Chemical Recent Developments/Updates
  • 2.4 Teijin Carbon
    • 2.4.1 Teijin Carbon Details
    • 2.4.2 Teijin Carbon Major Business
    • 2.4.3 Teijin Carbon 24K Carbon Fiber Product and Services
    • 2.4.4 Teijin Carbon 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Teijin Carbon Recent Developments/Updates
  • 2.5 Hyosung Advancedmaterials
    • 2.5.1 Hyosung Advancedmaterials Details
    • 2.5.2 Hyosung Advancedmaterials Major Business
    • 2.5.3 Hyosung Advancedmaterials 24K Carbon Fiber Product and Services
    • 2.5.4 Hyosung Advancedmaterials 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Hyosung Advancedmaterials Recent Developments/Updates
  • 2.6 Taekwang Industrial
    • 2.6.1 Taekwang Industrial Details
    • 2.6.2 Taekwang Industrial Major Business
    • 2.6.3 Taekwang Industrial 24K Carbon Fiber Product and Services
    • 2.6.4 Taekwang Industrial 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Taekwang Industrial Recent Developments/Updates
  • 2.7 Foemosa M
    • 2.7.1 Foemosa M Details
    • 2.7.2 Foemosa M Major Business
    • 2.7.3 Foemosa M 24K Carbon Fiber Product and Services
    • 2.7.4 Foemosa M 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Foemosa M Recent Developments/Updates
  • 2.8 Sinopec Shanghai Petrochemical Company
    • 2.8.1 Sinopec Shanghai Petrochemical Company Details
    • 2.8.2 Sinopec Shanghai Petrochemical Company Major Business
    • 2.8.3 Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Product and Services
    • 2.8.4 Sinopec Shanghai Petrochemical Company 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Sinopec Shanghai Petrochemical Company Recent Developments/Updates
  • 2.9 Formosa Plastic Group
    • 2.9.1 Formosa Plastic Group Details
    • 2.9.2 Formosa Plastic Group Major Business
    • 2.9.3 Formosa Plastic Group 24K Carbon Fiber Product and Services
    • 2.9.4 Formosa Plastic Group 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Formosa Plastic Group Recent Developments/Updates
  • 2.10 Jilin Chemical Fiber Group
    • 2.10.1 Jilin Chemical Fiber Group Details
    • 2.10.2 Jilin Chemical Fiber Group Major Business
    • 2.10.3 Jilin Chemical Fiber Group 24K Carbon Fiber Product and Services
    • 2.10.4 Jilin Chemical Fiber Group 24K Carbon Fiber Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Jilin Chemical Fiber Group Recent Developments/Updates

3 Competitive Environment: 24K Carbon Fiber by Manufacturer

  • 3.1 Global 24K Carbon Fiber Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global 24K Carbon Fiber Revenue by Manufacturer (2020-2025)
  • 3.3 Global 24K Carbon Fiber Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of 24K Carbon Fiber by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 24K Carbon Fiber Manufacturer Market Share in 2024
    • 3.4.3 Top 6 24K Carbon Fiber Manufacturer Market Share in 2024
  • 3.5 24K Carbon Fiber Market: Overall Company Footprint Analysis
    • 3.5.1 24K Carbon Fiber Market: Region Footprint
    • 3.5.2 24K Carbon Fiber Market: Company Product Type Footprint
    • 3.5.3 24K Carbon Fiber Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global 24K Carbon Fiber Market Size by Region
    • 4.1.1 Global 24K Carbon Fiber Sales Quantity by Region (2020-2031)
    • 4.1.2 Global 24K Carbon Fiber Consumption Value by Region (2020-2031)
    • 4.1.3 Global 24K Carbon Fiber Average Price by Region (2020-2031)
  • 4.2 North America 24K Carbon Fiber Consumption Value (2020-2031)
  • 4.3 Europe 24K Carbon Fiber Consumption Value (2020-2031)
  • 4.4 Asia-Pacific 24K Carbon Fiber Consumption Value (2020-2031)
  • 4.5 South America 24K Carbon Fiber Consumption Value (2020-2031)
  • 4.6 Middle East & Africa 24K Carbon Fiber Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 5.2 Global 24K Carbon Fiber Consumption Value by Type (2020-2031)
  • 5.3 Global 24K Carbon Fiber Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 6.2 Global 24K Carbon Fiber Consumption Value by Application (2020-2031)
  • 6.3 Global 24K Carbon Fiber Average Price by Application (2020-2031)

7 North America

  • 7.1 North America 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 7.2 North America 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 7.3 North America 24K Carbon Fiber Market Size by Country
    • 7.3.1 North America 24K Carbon Fiber Sales Quantity by Country (2020-2031)
    • 7.3.2 North America 24K Carbon Fiber Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 8.2 Europe 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 8.3 Europe 24K Carbon Fiber Market Size by Country
    • 8.3.1 Europe 24K Carbon Fiber Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe 24K Carbon Fiber Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific 24K Carbon Fiber Market Size by Region
    • 9.3.1 Asia-Pacific 24K Carbon Fiber Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific 24K Carbon Fiber Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 10.2 South America 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 10.3 South America 24K Carbon Fiber Market Size by Country
    • 10.3.1 South America 24K Carbon Fiber Sales Quantity by Country (2020-2031)
    • 10.3.2 South America 24K Carbon Fiber Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa 24K Carbon Fiber Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa 24K Carbon Fiber Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa 24K Carbon Fiber Market Size by Country
    • 11.3.1 Middle East & Africa 24K Carbon Fiber Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa 24K Carbon Fiber Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 24K Carbon Fiber Market Drivers
  • 12.2 24K Carbon Fiber Market Restraints
  • 12.3 24K Carbon Fiber Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of 24K Carbon Fiber and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of 24K Carbon Fiber
  • 13.3 24K Carbon Fiber Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 24K Carbon Fiber Typical Distributors
  • 14.3 24K Carbon Fiber Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global 24K Carbon Fiber market size was valued at US$ 332 million in 2024 and is forecast to a readjusted size of USD 512 million by 2031 with a CAGR of 6.4% during review period.
    In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
    24K carbon fiber is created by twisting twenty-four 1K carbon fibers together. This grade of carbon fiber is the strongest available, and is used in applications that require exceptional strength and durability, such as in spacecraft or high-performance race cars.
    This report is a detailed and comprehensive analysis for global 24K Carbon Fiber market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global 24K Carbon Fiber market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
    Global 24K Carbon Fiber market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
    Global 24K Carbon Fiber market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
    Global 24K Carbon Fiber market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for 24K Carbon Fiber
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global 24K Carbon Fiber market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hexcel, Toray Composite Materials, Mitsubishi Chemical, Teijin Carbon, Hyosung Advancedmaterials, Taekwang Industrial, Foemosa M, Sinopec Shanghai Petrochemical Company, Formosa Plastic Group, Jilin Chemical Fiber Group, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    24K Carbon Fiber market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    PAN Based Carbon Fiber
    Pitch-Based Carbon Fiber
    Others
    Market segment by Application
    Automotives
    Ship
    Wind Energy
    Machinery
    Construction
    Consumer Electronics
    Aerospace and Military
    Scientific Research
    Others
    Major players covered
    Hexcel
    Toray Composite Materials
    Mitsubishi Chemical
    Teijin Carbon
    Hyosung Advancedmaterials
    Taekwang Industrial
    Foemosa M
    Sinopec Shanghai Petrochemical Company
    Formosa Plastic Group
    Jilin Chemical Fiber Group
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe 24K Carbon Fiber product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of 24K Carbon Fiber, with price, sales quantity, revenue, and global market share of 24K Carbon Fiber from 2020 to 2025.
    Chapter 3, the 24K Carbon Fiber competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the 24K Carbon Fiber breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and 24K Carbon Fiber market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of 24K Carbon Fiber.
    Chapter 14 and 15, to describe 24K Carbon Fiber sales channel, distributors, customers, research findings and conclusion.

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