Industry Statistics and Trends
Market size and recent performance (2016-2031)
Industry revenue has declined at a CAGR of 1.3 % over the past five years, to reach an estimated $3.2bn in 2026.
Trends and Insights
Federal decarbonization funding accelerates advanced carbon fiber and graphene manufacturing innovation
- In January 2025, the US Department of Energy’s Industrial Efficiency & Decarbonization Office publicly announced more than $136 million of funding for 66 industrial projects, including advanced materials and process technologies relevant to carbon fiber and graphene manufacturing. This materially improves the economics of US investments that can demonstrate energy and cost reductions, shifting long‑term advantage toward plants tightly aligned with DOE decarbonization performance metrics.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2026-2031)
Market size is projected to grow over the next five years.
Trends and Insights
Scaling clean‑energy systems will structurally increase carbon fiber intensity in US supply chains
- Worldwide carbon fiber capacity is expected to roughly double by 2030, with demand projected at around 300,000 metric tons. This anticipated expansion forces US producers to choose between prioritizing aerospace‑grade versus more commoditized industrial fiber when adding lines, directly influencing profit profiles, customer portfolios and exposure to cyclical sectors.
Biggest companies in the Carbon Fiber & Graphene Manufacturing in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Hexcel Corporation | 749.0 | 102.0 | 13.6 | |
Toray Group | 172.0 | 8.3 | 4.8 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including PAN precursor, Carbon fibers and prepregs and Fabrics and specialty reinforcements. PAN precursor is the largest segment of the Carbon Fiber & Graphene Manufacturing in the US.
Trends and Insights
Producers secure strong revenue from carbon fiber composites as aerospace and automotive demand advances
- Carbon fibers and prepregs generate the majority of industry revenue, reflecting their broad adoption in weight-sensitive and high-performance applications. These products combine polyacrylonitrile (PAN)-based carbon fibers with specialized resins, providing high strength and rigidity that is especially valued in aerospace components, specialized automotive parts and energy infrastructure. Their revenue share has steadily increased due to expanded use by aerospace manufacturers and electric vehicle producers seeking lightweight structures.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry manufactures graphene, carbon fiber and other advanced carbon-based materials. The main product made by this industry is PAN-based carbon fiber, which is then used to make carbon fiber composites that have excellent strength-to-weight ratios and durability. Key applications for these products include aerospace, automotive, alternative energy and high-tech electronics. Graphene remains an experimental material with limited, if any, commercial applications.
What's included in this industry?
Products and services covered in the Carbon Fiber & Graphene Manufacturing industry in the United States include PAN precursor , Carbon fibers and prepregs and Fabrics and specialty reinforcements .Companies
Companies covered in the Carbon Fiber & Graphene Manufacturing industry in the United States include Hexcel Corporation and Toray Group.Purchase this report to view all 2 major companies in this industry.
Related Terms
Related terms covered in the Carbon Fiber & Graphene Manufacturing industry in the United States include carbon fiber, graphene, carbon nanotube and precursor.Industry Code
NAICS 335991 - Carbon Fiber & Graphene Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
US commercial aerospace manufacturers continue to drive the vast majority of industry revenue, far outweighing other end-markets in significance. Demand for PAN-based carbon ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2016-2025) and forecast (2026-2031)
- Employees, including historical (2016-2025) and forecast (2026-2031)
- Businesses, including historical (2016-2025) and forecast (2026-2031)
- Profit, including historical (2016-2026)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Increased raw material costs will lead to higher prices for carbon fiber and graphene products. Tariffs on key input materials, such as PAN (polyacrylonitrile) and graphite, ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2026
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2026
- Major market segmentation in 2026
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The West region is strategically vital due to its proximity to major aircraft production hubs and established supply chain networks. This location advantage ensures direct ac...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2026
Tables
- Number and share of establishments in each state in 2026
- Number and share of revenue each state accounts for in 2026
- Number and share of wages each state accounts for in 2026
- Number and share of employees in each state in 2026
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Barriers to entry remain high, driven by technical certification requirements, capital-intensive facilities and lengthy aerospace customer qualification cycles. These factors...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2021-2026
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Hexcel leverages long-term supply agreements and proprietary resin systems to deepen its integration into commercial and defense aerospace programs. Its sustained investment ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2022 through 2026
- Major companies in the industry, including market share, revenue, profit and profit margin in 2026
- Overview of Hexcel Corporation's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Toray Group's performance by revenue, market share and profit margin from 2020 through 2026
Detailed analysis
- Description and key data for Hexcel Corporation, and factors influencing its performance in the industry
- Description and key data for Toray Group, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Mandatory aerospace certification and federal export controls dictate the operational framework for carbon fiber manufacturers. Compliance costs, documentation and audit trai...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2016-2031)
- Assistance historical data and forecast (2016-2031)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Raw material purchases, particularly the procurement of PAN precursor chemicals, constitute the largest cost burden for industry manufacturers. Volatility in the supply and p...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Investment vs. share of economy
Data tables
- Industry Multiples (2019-2024)
- Industry Tax Structure (2019-2024)
- Income Statement (2019-2024)
- Balance Sheet (2019-2024)
- Liquidity Ratios (2019-2024)
- Coverage Ratios (2019-2024)
- Leverage Ratios (2019-2024)
- Operating Ratios (2019-2024)
- Cash Flow & Debt Service Ratios (2016-2031)
- Revenue per Employee (2016-2031)
- Revenue per Enterprise (2016-2031)
- Employees per Establishment (2016-2031)
- Employees per Enterprise (2016-2031)
- Average Wage (2016-2031)
- Wages/Revenue (2016-2031)
- Establishments per Enterprise (2016-2031)
- IVA/Revenue (2016-2031)
- Imports/Demand (2016-2031)
- Exports/Revenue (2016-2031)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2016-2031)
- IVA (2016-2031)
- Establishments (2016-2031)
- Enterprises (2016-2031)
- Employment (2016-2031)
- Exports (2016-2031)
- Imports (2016-2031)
- Wages (2016-2031)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Carbon Fiber & Graphene Manufacturing industry in the United States in 2026?
The market size of the Carbon Fiber & Graphene Manufacturing industry in the United States is $3.2bn in 2026.
How many businesses are there in the Carbon Fiber & Graphene Manufacturing industry in the United States in 2026?
There are 153 businesses in the Carbon Fiber & Graphene Manufacturing industry in the United States, which has grown at a CAGR of 2.8 % between 2021 and 2026.
How may import tariffs affect the Carbon Fiber & Graphene Manufacturing industry in the United States?
The Carbon Fiber & Graphene Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Carbon Fiber & Graphene Manufacturing industry in the United States?
The Carbon Fiber & Graphene Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Carbon Fiber & Graphene Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Carbon Fiber & Graphene Manufacturing industry in the United States has been declining at a CAGR of 1.3 % between 2021 and 2026.
What is the forecast growth of the Carbon Fiber & Graphene Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Carbon Fiber & Graphene Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Carbon Fiber & Graphene Manufacturing industry in the United States?
The biggest companies operating in the Carbon Fiber & Graphene Manufacturing industry in the United States are Hexcel Corporation and Toray Group
What does the Carbon Fiber & Graphene Manufacturing industry in the United States include?
PAN precursor and Carbon fibers and prepregs are part of the Carbon Fiber & Graphene Manufacturing industry in the United States.
Which companies have the highest market share in the Carbon Fiber & Graphene Manufacturing industry in the United States?
The company holding the most market share in the Carbon Fiber & Graphene Manufacturing industry in the United States is Hexcel Corporation.
How competitive is the Carbon Fiber & Graphene Manufacturing industry in the United States?
The level of competition is high and steady in the Carbon Fiber & Graphene Manufacturing industry in the United States.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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