Large Tow Carbon Fiber Market Size is valued at 790.26 million in 2024 and is predicted to reach 2512.70 million by the year 2034 at a 12.4% CAGR during the forecast period for 2025-2034
Key Industry Insights & Findings from the Report:
Large-tow carbon fiber is the name of the thread used to weave carbon fiber fabrics. It can be utilised as a standalone product to produce wound pieces, pultruded shapes, or chopped reinforcements. Because it is made of small, strong, crystalline carbon strands, large-tow carbon fiber is used to reinforce things. The large size of the turbines will increase demand for large tow carbon fiber, resulting in more expansion, particularly in Europe, where carbon fiber is mostly utilized for automotive structural purposes. By building a solid supply chain from the Hungarian factory, Zoltek has increased its manufacturing capacity. The need for lightweight cars is expected to increase along with the demand for automobiles, which is expected to drive the industry as a whole.
However, the price volatility of raw materials like polyacrylonitrile (PAN) during the projection period would have a significant impact on the growth of the carbon fiber industry. The primary obstacle to the market's expansion is anticipated to be the production of affordable carbon fiber.
The large tow carbon fiber market is segmented on the basis of end-use, product type and technology. Based on end-use, the market is segmented as aerospace, energy, automotive, sports, and others. The product type segment includes 48K, 50K, 60K, and others. By technology, the market is segmented into PAN-based, pitch-based, and others.
The PAN-based category is expected to hold a major share of the global large tow carbon fiber market in 2024. This is to its affordability, high modulus, high tensile strength, and higher fiber quality; it is widely used in aerospace and defense, automotive, and sporting goods applications. It is suitable for the sports and aircraft sectors because of characteristics like low electrical resistivity, high thermal conductivity, low negative coefficient, and high modulus.
The aerospace segment is projected to grow at a rapid rate in the global large tow carbon fiber market. Increasing aircraft manufacturing by Airbus and Boeing is projected to fuel market expansion. Interiors, brackets, engine blades, propellers/rotors, single-aisle wings, and wide-body wings are just a few areas in the aircraft sector where composite materials are used. In addition, aerospace engineers are attempting to increase the safety and sustainability of flying, which has resulted in the usage of fiber composite materials in space shuttles, planes, and helicopters.
Europe's large tow carbon fiber market is expected to register the highest market share in terms of revenue in the near future. The presence of a sizable base of electric car manufacturers and the rising demand for lightweight and fuel-efficient automobiles are credited with the region's growth. Regional market expansion is probably being driven by the aerospace & military industry's accelerating utilization. Automobile manufacturers invest in R&D to create carbon composite materials that are affordable, driving the region's automotive industry.
Additionally, the growth of the North American market is projected to be driven by the increasing demand for lightweight composite materials in the aerospace industry. Some of the major top players operating in the area include Airbus, United Airlines, Inc., Boeing Co., and American Airlines Group Inc. The construction and demand for wind farms in this area have increased as a result of the rising demand to use renewable resources.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 790.26 Mn |
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Revenue forecast in 2034 |
USD 2512.70 Mn |
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Growth rate CAGR |
CAGR of 12.4% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (Tons), and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
End-Use, Product Type And Technology |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Toray Industries, Inc., SGL Carbon, Teijin Limited, Mitsubishi Chemical Corporation, Solvay, China Petrochemical Corporation, Hexcel Corporation, Jilin Tangu Carbon Fiber Co., Ltd., Formosa Plastics Group, and UMATEX. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Large Tow Carbon Fiber Market By End-Use Application-
Large Tow Carbon Fiber Market By Product Type-
Large Tow Carbon Fiber Market By Technology-
Large Tow Carbon Fiber Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
