The production of PAN fibers for this market segment is relatively small when compared to the textile market, but its added value is quite high due to the special mechanical properties of the carbon fiber obtained for mainly aeronautical and aerospace use.

Approximately 90% of the world's carbon fiber production uses PAN fibers as a precursor, the remaining being produced with other raw materials such as tar and rayon. The current production of carbon fiber is 140,000 tons per year, which represents a production of PAN precursor fiber in the order of 280,000 tons per year, considering that the carbon yield of this fiber is approximately 50%. The worldwide production capacity is around 151 thousand tons per year.





Market Volume (2025): 207,600 tons
Volume (2030): 402,930 tons
Growth Rate: (2025 - 2030) 18.1% CAGR
Highest Growth Markets: Asia Pacific
Largest Market: Asia Pacific

Source: https://www.mordorintelligence.com/pt/industry-reports/carbon-fiber-market


The global carbon fiber market reached US$3.67 billion in 2025 and is expected to exceed US$6.77 billion in 2034, growing at a compound annual growth rate (CAGR) of 7.04% between 2025 and 2034.


Source: https://www.precedenceresearch.com/carbon-fiber-market





Source: https://www.mordorintelligence.com/pt/industry-reports/carbon-fiber-market





Source: https://www.mordorintelligence.com/pt/industry-reports/carbon-fiber-market


The main global manufacturers are:

Toray stands out as the world's largest producer of carbon fiber, leading in both volume and technology. Recognized for its innovative advancements in polyacrylonitrile-based fibers and high-modulus fibers, Toray is a pioneer in collaborations in the aerospace and automotive sectors. Its production capacity is estimated at 27% of global production, carried out in Japan and the USA by its subsidiary Zoltek, which produces 34,000 tons/year.

Other major companies in the segment are listed in ascending order of market size in 2025:


Source: https://www.fortunebusinessinsights.com/industry-reports/carbon-fiber-market-101719