Carbon Composites Market Size

Carbon Composites Market size was over USD 23.56 billion in 2024 and is anticipated to cross USD 57.47 billion by 2037, witnessing more than 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of carbon composites is estimated at USD 24.9 billion.

The main reason behind the growth of the carbon composites market by the end of 2036 is the increasing use of carbon composites in different sectors across the world. According to the Clean Energy Manufacturing Analysis Center, moderate to large-tow fibers a collection of parallel filaments are used in wind energy carbon fiber. It represents almost 17% of the entire demand for carbon composites market and is foreseen to increase from 7,600 to 25,000 tons annually.