23 Jul, 2026
The global carbon composites market size reached USD 24.26 billion in 2025 and is anticipated to grow from USD 25.95 billion in 2026 to USD 44.60 billion by 2034, expanding at a CAGR of 7% over the forecast period from 2026 to 2034.
Carbon composites consist of carbon fibers embedded within a carbonaceous matrix. A composite material, also known as a composition material or, in its abbreviated form, consists of two or more component materials. Various chemical or physical properties of constituent materials are combined to produce a substance with properties distinct from those of the constituent elements. Carbon composites are distinguished from mixtures and solid solutions because their final structure retains the integrity of individual elements.
Composites have been utilized in the aerospace industry for decades due to their superior physical properties, especially their low weight, high tensile strength and stiffness, and excellent fire resistance. Carbon fiber-reinforced plastics are ideal for lightweight construction in the aerospace industry because of their low intrinsic weight, high chemical resistance, corrosion resistance, and high strength and stiffness.
Carbon fiber-reinforced plastic is significantly lighter and more durable than aluminum or steel. It is utilized in primary and secondary structural components as well as interior components, such as aircraft seat components, UAV structural components, and bulkheads. Strong exports of aerospace components to countries like France, China, and Germany, as well as robust consumer spending in the United States, have bolstered the aerospace industry's manufacturing activities, which may generate positive momentum for the carbon composite market in aerospace applications.
Carbon composite for automotive composites plays a significant role in manufacturing an extensive range of vehicles. Carbon composite is used for exterior and interior components, structural and powertrain, and chassis systems. Thus, the market growth is directly influenced by the market expansions of automobile manufacturers.
The government's intention to promote the sale of electric vehicles is the most important factor. In June 2019, the German government and the auto industry agreed to increase joint subsidies for purchasers of electric vehicles and extend the program until 2025. These factors can increase the number of electric vehicle (EV) launches and influence the demand for carbon composites, which is anticipated to create growth opportunities for the market in question over the forecast period.
Asia-Pacific is the most significant global carbon composites market shareholder and is expected to expand significantly during the forecast period. The construction, sports, and recreation industries are the primary sources of demand for carbon composites. Emerging economies such as China and India are expected to contribute to the acceleration of market expansion. In 2021, China will produce 26.08 million automobiles, a 3% increase from the 25.23 million produced in 2020. It is anticipated that the demand for carbon composites will be driven by automobile production.
In addition, IATA projects that India will be the world's third-largest aviation market by the end of the forecast period. IATA forecasts that by 2030, India will surpass China and the U.S. as the third-largest air passenger market in the world. India is anticipated to require 2,100 aircraft over the next two decades, amounting to over USD 290 billion in sales. Due to these factors, the aerospace industry is anticipated to increase its demand for carbon composites in the coming years.
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