Rayon Carbon Fiber Market

By Type;

Pan-Based Carbon Fiber, PITCH-Based Carbon Fiber and Short

By Modulus;

Standard Modulus, Intermediate Modulus and High Modulus

By Product Type;

Continuous Carbon Fiber, Long Carbon Fiber and Short Carbon Fiber

By Application;

Composites and Non-Composites

By End-Use Industry;

Aerospace & Defense, Wind Energy, Automotive, Electrical & Electronics, Civil Engineering and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn844484001 Published Date: September, 2025 Updated Date: October, 2025

Rayon Carbon Fiber Market Overview

Rayon Carbon Fiber Market (USD Million)

Rayon Carbon Fiber Market was valued at USD 24.56 million in the year 2024. The size of this market is expected to increase to USD 42.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.


Rayon Carbon Fiber Market

*Market size in USD million

CAGR 8.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.1 %
Market Size (2024)USD 24.56 Million
Market Size (2031)USD 42.40 Million
Market ConcentrationMedium
Report Pages389
24.56
2024
42.40
2031

Major Players

  • Toray Industries, Inc.
  • Mitsubishi Chemical Holdings Corporation
  • SGL Carbon SE
  • Hexcel Corporation
  • Cytec Solvay Group
  • Teijin Limited
  • Zoltek Companies, Inc.
  • DowAksa
  • Formosa Plastics Corporation
  • Jiangsu Hengshen Co., Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Rayon Carbon Fiber Market

Fragmented - Highly competitive market without dominant players


The Rayon Carbon Fiber Market is witnessing rising adoption due to its lightweight structure, high tensile strength, and thermal stability. Around 30% of advanced composite applications prefer rayon-based fibers because of their superior performance in extreme environments. Industries are increasingly turning to rayon carbon fibers for applications that demand precision, durability, and reduced weight.

Key Drivers Enhancing Market Growth
The growing focus on aerospace and defense applications significantly accelerates demand. Nearly 40% of aircraft component manufacturers utilize rayon carbon fibers for their ability to deliver structural reinforcement while minimizing material weight. The trend towards lightweight vehicles also fuels adoption, as automotive OEMs explore advanced fibers for performance efficiency.

Advancements and Innovation Trends
Continuous improvements in fiber processing technologies and high-temperature resistance have strengthened rayon carbon fiber’s role in multiple sectors. Close to 45% of innovations in composite materials are now focused on enhancing fiber strength-to-weight ratios and optimizing performance under harsh conditions. This progress supports broader integration in sports, industrial, and energy equipment.

Strategic Collaborations and Developments
The market is being reshaped by mergers, partnerships, and collaborations aimed at increasing production capacity and reducing costs. Nearly 25% of industry players have engaged in joint ventures to develop sustainable rayon precursor materials. Such strategies are enabling cost-effective production while meeting the rising demand from high-performance applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Modulus
    3. Market Snapshot, By Product Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Use Industry
    6. Market Snapshot, By Region
  4. Rayon Carbon Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand in aerospace and defense applications
        2. Growing use in automotive lightweighting
        3. Advancements in manufacturing technologies
      2. Restraints
        1. High production costs
        2. Limited availability of raw materials
        3. Competition from other types of carbon fibers
      3. Opportunities
        1. Expansion in renewable energy sectors, such as wind energy
        2. Development of new applications in sports and leisure
        3. Increasing investments in research and development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Rayon Carbon Fiber Market, By Type, 2021 - 2031 (USD Million)
      1. Pan-Based Carbon Fiber
      2. PITCH-Based Carbon Fiber
      3. Short
    2. Rayon Carbon Fiber Market, By Modulus, 2021 - 2031 (USD Million)
      1. Standard Modulus
      2. Intermediate Modulus
      3. High Modulus
    3. Rayon Carbon Fiber Market, By Product Type, 2021 - 2031 (USD Million)
      1. Continuous Carbon Fiber
      2. Long Carbon Fiber
      3. Short Carbon Fiber
    4. Rayon Carbon Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Composites
      2. Non-Composites
    5. Rayon Carbon Fiber Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Aerospace & Defense
      2. Wind Energy
      3. Automotive
      4. Electrical & Electronics
      5. Civil Engineering
      6. Others
    6. Rayon Carbon Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toray Industries, Inc.
      2. Mitsubishi Chemical Holdings Corporation
      3. SGL Carbon SE
      4. Hexcel Corporation
      5. Cytec Solvay Group
      6. Teijin Limited
      7. Zoltek Companies, Inc.
      8. DowAksa
      9. Formosa Plastics Corporation
      10. Jiangsu Hengshen Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market