Global Rayon Carbon Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Continuous, Long, and Short.By Application;
Apparel, Home Textiles, Healthcare & Hygiene, and Others.By End-use Industry;
Aerospace & Defense, Alternative Energy, Automotive, Construction & Infrastructure, Sporting Goods, and Others (Marine).By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Rayon Carbon Fiber Market (USD Million), 2021 - 2031
In the year 2024, the Global Rayon Carbon Fiber Market was valued at USD 24.56 million. 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%.
The global rayon carbon fiber market has experienced significant growth due to its unique properties, such as high tensile strength, lightweight, and exceptional resistance to high temperatures and chemicals. Rayon carbon fiber, derived from regenerated cellulose fibers, serves as a crucial material in various industries, including aerospace, automotive, and sports equipment manufacturing. Its superior performance characteristics, compared to traditional materials, make it an attractive option for applications requiring enhanced durability and strength-to-weight ratios.
Market trends indicate a rising demand for rayon carbon fiber, driven by the increasing adoption of lightweight and high-performance materials in the automotive and aerospace sectors. This growth is further supported by advancements in production technologies, which have led to improved quality and reduced costs, making rayon carbon fiber more accessible to a broader range of industries. Additionally, the push towards sustainability and environmentally friendly products has bolstered the market, as rayon carbon fiber is derived from natural sources and offers a greener alternative to synthetic fibers.
The market faces challenges such as the high cost of production and the complexity of the manufacturing process. However, ongoing research and development efforts are focused on optimizing production techniques and finding cost-effective solutions. As these challenges are addressed, the global rayon carbon fiber market is expected to continue its upward trajectory, driven by innovations and expanding applications across various sectors.
Global Rayon Carbon Fiber Market Recent Developments
-
In November 2021, the global carbon fiber market saw an increase in demand driven by industries such as aerospace and automotive, both of which require lightweight, high,performance materials. Carbon fibers are highly sought after for their strength, heat resistance, and manufacturing flexibility, with the automotive industry being a significant consumer due to its need for fuel,efficient, lightweight components. This trend is particularly notable in Europe, where the automotive industry is a major driver of carbon fiber adoption
-
In February 2022, Teijin Limited expanded its market presence by forming a strategic alliance with Fuji Designs Co. Ltd., a Japanese manufacturer of recycled carbon fibers. This partnership aims to boost the production and commercialization of carbon fiber reinforced plastics (CFRP), a key material used in industries ranging from aerospace to automotive. This move aligns with the growing trend towards sustainability in the carbon fiber market, where recycled fibers are gaining traction due to their lower cost and eco,friendly appeal
Segment Analysis
The global rayon carbon fiber market is segmented by type into continuous, long, and short fibers. Continuous fibers are the most commonly used due to their superior strength and flexibility, making them ideal for high-performance applications across various industries. Long fibers are typically employed in applications that require a balance of strength and cost-effectiveness, while short fibers are often used in composite materials for products that don't require the same level of mechanical performance. Each type of fiber offers distinct advantages, and their selection depends largely on the specific requirements of the end-use application.
In terms of application, the market is divided into apparel, home textiles, healthcare & hygiene, and others. Rayon carbon fibers used in apparel are particularly valued for their lightweight and durable properties, making them a popular choice for advanced clothing and athletic gear. In home textiles, rayon carbon fibers are increasingly used in products like curtains, upholstery, and bedding due to their strength and easy maintenance. The healthcare & hygiene sector also benefits from the use of rayon carbon fibers, particularly in the production of medical textiles and hygiene products, where their antibacterial and moisture-wicking properties offer added value.
The end-use industries driving the demand for rayon carbon fiber include aerospace & defense, alternative energy, automotive, construction & infrastructure, sporting goods, and others such as marine. In aerospace & defense, rayon carbon fibers are crucial for lightweight yet durable components in aircraft and military vehicles. The automotive industry also uses these fibers to reduce vehicle weight and improve fuel efficiency without compromising safety. Similarly, in alternative energy, rayon carbon fibers are utilized in the production of lightweight wind turbine blades, helping to enhance the efficiency of renewable energy systems. Other industries like sporting goods and construction benefit from rayon carbon fiber’s durability, which is key for manufacturing equipment and structural components.
Geographically, the rayon carbon fiber market is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe are mature markets with a high demand for advanced materials, driven by the aerospace, automotive, and defense sectors. Asia Pacific is expected to witness the highest growth due to increasing industrialization, rising demand from automotive and construction sectors, and advancements in renewable energy projects. The Middle East and Africa, along with Latin America, are emerging regions where the demand for rayon carbon fiber is gradually increasing, driven by investments in infrastructure, automotive, and alternative energy industries.
Global Rayon Carbon Fiber Segment Analysis
In this report, the Global Rayon Carbon Fiber Market has been segmented by Type, Application, End-use Industry and Geography.
Global Rayon Carbon Fiber Market, Segmentation by Type
The Global Rayon Carbon Fiber Market has been segmented by Type into Continuous, Long and Short.
The Global Rayon Carbon Fiber Market is classified into three primary segments based on type: Continuous, Long, and Short. **Continuous rayon carbon fibers** are known for their extensive applications in aerospace and automotive industries due to their exceptional strength and stiffness. These fibers are produced in long, continuous strands, making them ideal for manufacturing high-performance composites where uniformity and structural integrity are critical.
Long rayon carbon fibers, while similar to continuous fibers in their applications, are typically produced in shorter lengths. These fibers offer a balance between ease of handling and performance, often used in industrial applications where specific reinforcement and mechanical properties are required. They are versatile and can be used in processes like filament winding and pultrusion, providing a cost-effective solution without compromising on quality.
Short rayon carbon fibers are generally utilized as fillers in various composite materials. Due to their reduced length, they can be easily mixed with other materials, such as resins, to enhance the thermal and mechanical properties of the end products. This segment is widely used in consumer electronics, sporting goods, and other applications where lightweight yet durable materials are desired.
Global Rayon Carbon Fiber Market, Segmentation by Application
The Global Rayon Carbon Fiber Market has been segmented by Application into Apparel, Home Textiles, Healthcare & Hygiene, and Others.
The Global Rayon Carbon Fiber Market is divided into several key application segments, each contributing significantly to the overall market growth. The apparel segment is one of the most prominent, as rayon carbon fiber is used in the production of high-performance fabrics for sportswear, fashion, and outdoor clothing. The lightweight and durable nature of rayon carbon fiber makes it an ideal choice for manufacturers aiming to create comfortable yet resilient garments. This segment is expected to witness significant demand as the trend towards sustainable and functional fabrics continues to rise.
In the home textiles segment, rayon carbon fiber is gaining popularity due to its ability to provide enhanced strength and durability to various products, such as upholstery, curtains, and carpets. Its resistance to wear and tear, along with its flexibility, makes it an attractive material for home textile manufacturers. The increasing consumer preference for high-quality, long-lasting home textile products is expected to drive the demand for rayon carbon fiber in this sector.
The healthcare and hygiene segment also represents a growing application for rayon carbon fiber. Its unique properties, such as biocompatibility, make it suitable for use in medical textiles, including wound care products and surgical fabrics. Additionally, rayon carbon fiber is used in the production of hygiene products, where its lightweight and moisture-wicking characteristics add value. As healthcare standards continue to evolve, the demand for rayon carbon fiber in these applications is expected to expand. The others segment includes various niche applications, such as automotive and aerospace, where rayon carbon fiber is used for lightweight, high-strength materials in specialized components.
Global Rayon Carbon Fiber Market, Segmentation by End-use Industry
The Global Rayon Carbon Fiber Market has been segmented by End-use Industry into Aerospace & Defense, Alternative Energy, Automotive, Construction & Infrastructure, Sporting Goods and Others (Marine).
The Global Rayon Carbon Fiber Market is characterized by its diverse applications across multiple end-use industries, each leveraging the unique properties of rayon-based carbon fibers such as high tensile strength, lightweight, and excellent thermal and chemical resistance. In the Aerospace & Defense sector, the demand is driven by the need for advanced materials that enhance fuel efficiency and performance while reducing the overall weight of aircraft and defense equipment. These fibers are pivotal in manufacturing components like fuselage frames, wing spars, and other structural parts, contributing to superior durability and energy efficiency.
In the Automotive industry, the utilization of rayon carbon fiber is pivotal for manufacturing high-performance vehicles. It allows automakers to achieve significant weight reductions, leading to improved fuel efficiency and lower emissions without compromising on safety and performance. This lightweight material is extensively used in structural parts, body panels, and interior components of luxury and sports cars, where both strength and aesthetic appeal are crucial. Furthermore, the rise of electric vehicles has heightened the demand for carbon fiber to enhance battery efficiency and vehicle range.
The Alternative Energy sector, particularly wind energy, heavily relies on rayon carbon fibers for constructing wind turbine blades that are both strong and lightweight. This not only maximizes energy capture but also extends the lifespan of the turbines, ensuring efficient energy production. Similarly, in the Sporting Goods industry, the use of rayon carbon fibers is prominent in the production of high-performance equipment such as tennis rackets, golf clubs, and bicycles. These applications benefit from the material's superior strength-to-weight ratio, enhancing the performance and durability of sporting goods. The versatility and high performance of rayon carbon fiber make it an indispensable material across these varied industries, driving its market growth globally.
Global Rayon Carbon Fiber Market, Segmentation by Geography
In this report, the Global Rayon Carbon Fiber Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Rayon Carbon Fiber Market Share (%), by Geographical Region, 2024
In 2023 was characterized by varying levels of market share across different geographical regions. Asia-Pacific dominated the market, holding the largest share due to its established manufacturing infrastructure and the presence of key players in countries like Japan and China. The region's dominance is also attributed to the growing demand for lightweight and high-strength materials in industries such as automotive, aerospace, and defense.
North America accounted for a significant portion of the market share, driven by the presence of major aerospace and automotive companies. The United States, in particular, has been a major contributor, thanks to its advanced technology and high investment in research and development. The increasing focus on reducing carbon emissions and enhancing fuel efficiency has spurred the demand for carbon fibers in this region.
Europe also held a considerable share of the global rayon carbon fiber market. The region's market is buoyed by strong demand from the automotive sector, particularly in Germany, which is known for its automotive engineering prowess. Additionally, the aerospace sector in countries like France and the United Kingdom contributes significantly to the market, driven by the need for advanced materials to improve performance and reduce weight in aircraft manufacturing.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Rayon Carbon Fiber Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing demand in aerospace and defense applications
- Growing use in automotive lightweighting
-
Advancements in manufacturing technologies - The global rayon carbon fiber market has witnessed significant advancements in manufacturing technologies, driven by the growing demand for high-performance materials in various industries such as aerospace, automotive, and renewable energy. One of the key advancements is the development of more efficient and cost-effective methods for producing precursor fibers, which are essential for carbon fiber production. Innovations in precursor processing, including improvements in spinning technologies and chemical treatments, have enhanced the quality and uniformity of rayon fibers, leading to better mechanical properties and reduced production costs.
Another significant technological advancement in the rayon carbon fiber market is the optimization of the carbonization process. Traditionally, the carbonization of rayon fibers required high temperatures and long processing times, which increased energy consumption and costs. Recent innovations, such as the use of microwave-assisted carbonization and alternative heating methods, have significantly reduced these requirements. These methods not only lower production costs but also improve the scalability of manufacturing processes, making it feasible to meet the increasing demand for carbon fibers.
The integration of automation and digital technologies in the manufacturing process has transformed the rayon carbon fiber market. Advanced control systems and real-time monitoring have enabled manufacturers to precisely control process parameters, ensuring consistent quality and reducing material waste. Additionally, the adoption of machine learning algorithms and data analytics allows for predictive maintenance and optimization of production lines. These technological advancements not only enhance production efficiency but also contribute to the development of new applications for rayon carbon fibers, further expanding their market potential.
Restraints:
- High production costs
- Limited availability of raw materials
-
Competition from other types of carbon fibers - The global rayon carbon fiber market faces notable competition from other types of carbon fibers, primarily due to their superior performance characteristics. Rayon-based carbon fibers, while cost-effective and beneficial in specific applications, are often overshadowed by pitch-based and PAN-based carbon fibers. Pitch-based carbon fibers, for instance, offer higher thermal conductivity and better structural integrity, making them more suitable for high-performance applications like aerospace and high-temperature environments. PAN-based carbon fibers, known for their high tensile strength and lightweight properties, are extensively used in automotive and sporting goods industries.
The competition intensifies as advancements in carbon fiber technology push the boundaries of performance and application versatility. Manufacturers of pitch-based and PAN-based carbon fibers are continually innovating to enhance the properties of their products, including improvements in strength, durability, and flexibility. These innovations contribute to their growing dominance in sectors where performance requirements are stringent, thereby challenging the market share of rayon-based carbon fibers.
The cost factor plays a crucial role in this competitive landscape. While rayon-based carbon fibers are more affordable, their performance limitations can lead to higher long-term costs in critical applications where the benefits of pitch-based or PAN-based fibers outweigh the initial cost savings. Consequently, industries seeking high-performance materials often gravitate towards the advanced options, intensifying the competition and potentially limiting the market growth for rayon carbon fibers.
Opportunities:
- Expansion in renewable energy sectors, such as wind energy
- Development of new applications in sports and leisure
-
Increasing investments in research and development - The global rayon carbon fiber market has experienced significant growth due to increasing investments in research and development. Companies and research institutions are channeling substantial resources into advancing carbon fiber technology, aiming to enhance its performance, reduce costs, and expand its applications across various industries. These investments are crucial for developing new production techniques and improving the material’s properties, which in turn drives market expansion.
Innovations in rayon carbon fiber are focusing on improving the fiber's strength-to-weight ratio, durability, and environmental sustainability. R&D efforts are also directed towards making the manufacturing process more efficient and cost-effective, which can lower the overall price of carbon fiber products. As a result, these advancements are making rayon carbon fiber more accessible and attractive for use in high-performance applications such as aerospace, automotive, and sports equipment.
The heightened R&D activities are not only fostering technological breakthroughs but also attracting significant investment from both public and private sectors. Governments and industry leaders are recognizing the strategic importance of advanced materials in driving future technological progress and economic growth. This increased funding and focus on innovation are expected to further accelerate the adoption of rayon carbon fiber and bolster its market presence on a global scale.
Competitive Landscape Analysis
Key players in Global Rayon Carbon Fiber Market include:
- 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.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By End-use Industry
- Market Snapshot, By Region
- Global Rayon Carbon Fiber Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand in aerospace and defense applications
- Growing use in automotive lightweighting
- Advancements in manufacturing technologies
- Restraints
- High production costs
- Limited availability of raw materials
- Competition from other types of carbon fibers
- Opportunities
- Expansion in renewable energy sectors, such as wind energy
- Development of new applications in sports and leisure
- Increasing investments in research and development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Rayon Carbon Fiber Market, By Type, 2021 - 2031 (USD Million)
- Continuous
- Long
- Short
- Global Rayon Carbon Fiber Market, By Application, 2021 - 2031 (USD Million)
- Apparel
- Home Textiles
- Healthcare & Hygiene
- Others
- Global Rayon Carbon Fiber Market, By End-use Industry, 2021 - 2031 (USD Million)
- Aerospace & Defense
- Alternative Energy
- Automotive
- Construction & Infrastructure
- Sporting Goods
- Others (Marine)
- Global Rayon Carbon Fiber Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Rayon Carbon Fiber Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market