From GlobeNewswire: 2025-06-05 20:30:00

The global milled carbon fiber market is projected to grow from USD 182 million in 2024 to USD 302 million by 2029, with a CAGR of 10.8%. Demand for milled carbon fiber is rising due to its unique properties and diverse applications in industries like automotive and electronics. Technological advancements are also improving the quality of milled carbon fiber.

Key players in the milled carbon fiber market include Toray Industries, Mitsubishi Chemical Group Corporation, and Teijin Limited. The market is being driven by the development of eco-friendly milled carbon fiber, with opportunities arising from emerging markets. Challenges include limited availability of composite waste and recycling facilities.

The study found that the recycled fiber type segment is expected to grow the fastest in the milled carbon fiber market. The reinforcement application segment will see significant growth, with the sporting goods industry expected to have a large share. Asia Pacific is projected to have the highest CAGR in both value and volume.

Virgin fiber milled carbon fiber is expected to have the second largest market share by value in 2023. This type of fiber is ideal for industries like aerospace and automotive due to its strength-to-weight ratio. The automotive sector is driving demand for virgin milled carbon fiber to reduce vehicle weight and improve fuel efficiency.

In terms of applications, coatings and adhesives are expected to be the second-fastest growing segment in the milled carbon fiber market. These fibers are used to enhance various industrial applications, like electrically conductive coatings and adhesives. They are compatible with different resin systems and contribute to creating high-performance materials.

The milled carbon fiber market is segmented by end-use industry, including automotive, electrical & electronics, sporting goods, aerospace & defense, and others. The electrical & electronics segment is expected to have the second fastest growth rate due to the use of milled carbon fibers in a variety of applications, including conductive coatings, adhesives, and electronic components.

Europe is the second largest market for milled carbon fiber, with Germany leading the region. The growth in Europe is driven by the demand for composites in various industries like electrical & electronics and aerospace & defense. Investments in R&D by major aerospace companies are also fueling market growth in Europe.

Toray Industries, Inc. is a global leader in synthetic fibers and textiles, including milled carbon fiber. The company offers lightweight components for industries like automotive and wind energy. SGL Carbon is another major player, producing milled carbon fibers for applications requiring electrical conductivity, like adhesives and coatings.



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