Carbon Fiber and Carbon Fiber Composite Material Market Revenue was valued at USD 3.5 Billion in 2024 and is estimated to reach USD 7.8 Billion by 2033, growing at a CAGR of 9.8% from 2026 to 2033.
The South Korea Carbon Fiber and Carbon Fiber Composite Material Market is witnessing a surge in demand, driven by the country’s growing focus on innovation and sustainability. The demand for lightweight, high-strength materials has rapidly increased across various industries, ranging from aerospace to automotive. Carbon fiber composites, known for their impressive strength-to-weight ratio and corrosion resistance, are emerging as the material of choice in numerous high-tech applications.
In the automotive sector, the demand for carbon fiber is primarily driven by the need for fuel-efficient vehicles. Carbon fiber composites help reduce vehicle weight, which improves fuel economy and reduces CO2 emissions. This is a direct response to the growing environmental concerns and regulatory pressures, where automakers are required to meet stringent emissions standards. Major South Korean automotive giants have started integrating carbon fiber into their vehicle designs to gain a competitive edge in the global market.
The aerospace industry also plays a pivotal role in the rising demand for carbon fiber in South Korea. As aerospace manufacturers increasingly shift towards lightweight composite materials, carbon fiber’s unique properties make it indispensable for constructing components like fuselages, wings, and engine parts. The South Korean government’s support for the aerospace sector, including its investment in research and development of advanced materials, has further fueled the growth of the carbon fiber and carbon fiber composite material market.
Moreover, South Korea’s robust electronics and manufacturing industries are increasingly adopting carbon fiber composites for applications in robotics, electronic devices, and even consumer goods. These materials are valued for their durability and resistance to high temperatures, which are crucial in the production of high-performance products.
South Korea's carbon fiber industry is expected to continue growing as it aligns with global trends in sustainable development and cutting-edge technology. Industries such as wind energy, sporting goods, and defense are further exploring the advantages of carbon fiber composites, indicating that the market’s scope will only expand in the coming years. Thus, the demand for carbon fiber and carbon fiber composite materials in South Korea is not only influenced by industrial needs but also by global shifts toward greener, more efficient technologies.
Get an In-Depth Research Analysis of the South Korea Carbon Fiber and Carbon Fiber Composite Material Market Size And Forecast [2025-2032]
Toray
Sigmatex
Chomarat
Mitsubishi Chemical
BGF Industries
SGL Carbon
Hexcel
Selcom
Gernitex
Weihai Guangwei
Shanghai Horse Construction
Oxeon
Formosa Taffeta
Hyundai Fiber
Hengshen
Sinofibers Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Carbon Fiber and Carbon Fiber Composite Material Market
High-Modulus Carbon Fiber
Standard Modulus Carbon Fiber
Intermediate Modulus Carbon Fiber
Ultra-High Modulus Carbon Fiber
Carbon Fiber Reinforced Polymer (CFRP)
Carbon Fiber Reinforced Metal (CFRM)
Carbon Fiber Reinforced Ceramic (CFRC)
Others (including hybrid composites)
Lay-Up Process
Filament Winding
Resin Transfer Molding (RTM)
Prepreg Layup
Other Processes (e.g., Compression Molding)
Aerospace
Automotive
Sports and Leisure
Wind Energy
Construction and Civil Engineering
Electronics
Defense and Military
Carbon Fiber Sheets
Carbon Fiber Tapes
Carbon Fiber Fabrics
Carbon Fiber Prepregs
Carbon Fiber Tubes and Pipes
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Carbon Fiber and Carbon Fiber Composite Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Carbon Fiber and Carbon Fiber Composite Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Carbon Fiber and Carbon Fiber Composite Material Market, By Type
6. South Korea Carbon Fiber and Carbon Fiber Composite Material Market, By Application
7. South Korea Carbon Fiber and Carbon Fiber Composite Material Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Carbon Fiber and Carbon Fiber Composite Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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