Carbon Fiber companies

Carbon Fiber Market Players:

Here is a list of key players operating in the global carbon fiber market:

• Toray Industries, Inc. (Japan)
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• Teijin Limited (Japan)
• Mitsubishi Chemical Group Corporation (Japan)
• Hexcel Corporation (U.S.)
• SGL Carbon SE (Germany)
• Solvay SA (Belgium)
• Zoltek Companies, Inc. (U.S.)
• Hyosung Advanced Materials (South Korea)
• Jiangsu Hengshen Co., Ltd. (China)
• Zhongfu Shenying Carbon Fiber Co., Ltd. (China)
• Weihai Guangwei Composites Co., Ltd. (China)
• Jilin Chemical Fiber Group Co., Ltd. (China)
• DowAksa Advanced Composites Holdings (Turkey)
• Aksa Akrilik Kimya Sanayi A.S. (Turkey)
• Nippon Graphite Fiber Co., Ltd. (Japan)
• Kureha Corporation (Japan)
• Formosa Plastics Corporation (Taiwan)
• Quickstep Holdings Limited (Australia)
• Reliance Industries Limited (India)
• Toray Plastics (Malaysia) Sdn. Berhad (Malaysia)

The worldwide carbon fiber market is extremely consolidated at the top, with the U.S., Europe, and Japan-based leaders upscaling PAN-based capacity, securing long-lasting contracts with wind and automotive OEMs, and qualifying materials for aerospace. Besides, China-specific players are extending rapidly, deliberately narrowing expense gaps and localizing supply chains. Notable approaches, such as co-development with Tier-1, circularity and recycling programs, automated processing, and backward integration into precursors, with the intention of meeting performance targets and certification. Besides, in February 2025, SGL Carbon SE announced the approval from its Board to significantly restructure the loss-making Carbon Fibers business unit. This in turn, is poised to assist in reducing business activities of Carbon Fibers and readily focus on a profitable core, thus making it suitable for uplifting the carbon fiber market globally.

Corporate Landscape of the Carbon Fiber Market:

• Toray Industries, Inc. is one of the international leaders in carbon fiber production, holding the largest market share worldwide. Its dominance stems from strong aerospace partnerships and extensive PAN-based fiber capacity, positioning it as the benchmark supplier for high-performance composites.
• Teijin Limited is a major Japan-based producer with a strong presence in automotive and industrial applications. The company invests heavily in recycled carbon fiber technologies and sustainability initiatives, aligning with global ESG trends.
• Mitsubishi Chemical Group Corporation has leveraged and integrated chemical expertise to produce advanced carbon fiber materials. Its focus on aerospace and energy applications, combined with innovation in resin systems, strengthens its role in high-value composite markets.
• Hexcel Corporation is considered a leading U.S. supplier specializing in aerospace-grade carbon fiber and prepreg composites. With long-term contracts with Boeing and Airbus, Hexcel plays a critical role in the aerospace supply chain and advanced defense programs.
• SGL Carbon SE is Europe’s flagship carbon fiber producer, with strong ties to automotive OEMs and industrial sectors. The company emphasizes lightweighting solutions for EVs and renewable energy, while also expanding into hydrogen storage and battery enclosures.