탄소-탄소 복합재료 시장 예측(-2032년) : 제품 유형별, 원료별, 제조 공정별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Carbon-Carbon Composite Market is accounted for $2.4 billion in 2025 and is expected to reach $4.4 billion by 2032, growing at a CAGR of 9.2% during the forecast period. The carbon-carbon composite is made by adding carbon fibers to a carbon base, which gives it great strength even at high temperatures. It serves aerospace, defense, automotive racing, and industrial furnace applications. Benefits include being lightweight, resisting sudden temperature changes well, and staying strong under extreme heat, which makes these composites ideal for aircraft brakes, rocket nozzles, heat shields, and other tough situations where metals can't work effectively.

According to NASA, carbon-carbon composites can withstand temperatures above 3,000 °C.

Market Dynamics:

Driver:

High demand from aerospace & defense sectors

High demand from aerospace and defense sectors remains a primary driver for the carbon-carbon composite market, as these materials deliver superior strength retention, thermal stability, and fatigue resistance under extreme conditions. Furthermore, increasing aircraft production, rising defense modernization programs, and growing space exploration activities directly stimulate consumption of carbon-carbon components in brakes, nose tips, and thermal protection systems. Furthermore, strict safety and performance standards make high-temperature composites better than regular materials. As aerospace platforms become lighter and more efficient, carbon-carbon composites continue to gain preference, thereby supporting sustained market expansion over the forecast period globally.

Restraint:

Exceptionally high manufacturing and raw material costs

The multi-stage fabrication process, involving fiber preforms, densification cycles, and high-temperature heat treatment, demands substantial capital investment and long production timelines. Moreover, reliance on specialized precursors and energy-intensive processing elevates overall cost structures. Furthermore, limited economies of scale and low production yields make it even harder for prices to be competitive. As a result, cost sensitivity among commercial end users slows broader market penetration, which constrains growth despite the strong performance advantages seen across multiple industrial sectors globally today.

Opportunity:

Development of faster, more cost-effective production technologies

The development of faster, more cost-effective production technologies presents a compelling opportunity because it improves scalability and affordability. Furthermore, advancements in chemical vapor infiltration optimization, rapid densification methods, and automated manufacturing reduce cycle times and energy consumption. Additionally, research into alternative precursors and hybrid processing routes lowers raw material dependency and cost volatility. These innovations enable wider adoption across automotive, energy, and industrial applications previously constrained by pricing. Moreover, improved production efficiency supports higher volumes and consistent quality, positioning manufacturers to capture emerging demand and unlock new revenue streams for sustainable long-term growth.

Threat:

Competition from alternative high-temperature materials

Competition from alternative high-temperature materials poses a notable threat, particularly as material science advances accelerate substitution risks. Moreover, ceramics, ceramic matrix composites, and advanced metal alloys increasingly offer comparable thermal resistance with lower costs and simpler processing. Additionally, continuous improvements in the oxidation resistance and durability of substitute materials will reduce performance gaps in demanding environments. End users might like these other options better because they balance performance and cost. Consequently, sustained innovation and differentiation remain essential for carbon-carbon suppliers to defend market share and maintain long-term competitiveness within advanced global materials industries worldwide today.

Covid-19 Impact:

The COVID-19 pandemic temporarily disrupted the carbon-carbon composite market due to halted aerospace production, delayed defense programs, and supply chain interruptions. Furthermore, lockdowns constrained manufacturing operations and extended lead times for critical raw materials. Additionally, reduced aircraft deliveries and deferred maintenance activities suppressed short-term demand. However, recovery in space launches, defense spending resilience, and gradual normalization of aviation manufacturing supported market stabilization. As industrial activity resumed, pent-up demand and renewed investments helped restore production levels, enabling the market to regain momentum post-pandemic globally over time.

The 2D C/C composites segment is expected to be the largest during the forecast period

The 2D C/C composites segment is expected to account for the largest market share during the forecast period. The dominance of 2D C/C composites is attributed to their balanced cost-to-performance profile and established use in critical aerospace braking and thermal applications. Furthermore, 2D architectures provide adequate in-plane strength, reliable thermal conductivity, and proven manufacturability at relatively lower complexity than 3D variants. Additionally, long-standing qualification histories with aircraft and defense programs reinforce buyer confidence and repeat procurement. As maintenance, repair, and overhaul activities expand, demand for replacement components supports volume consumption.

The pitch-based segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the pitch-based segment is predicted to witness the highest growth rate due to superior thermal conductivity and higher carbon yield characteristics. Moreover, pitch precursors enable enhanced graphitization, making them suitable for extreme heat flux environments such as rocket nozzles and reentry systems. Materials with outstanding thermal performance are also preferred for advanced defense programs, hypersonic platforms, and space exploration, all of which are seeing increases in funding. As processing technologies improve, cost and handling challenges associated with pitch-based systems are gradually reduced, accelerating adoption and driving strong growth prospects.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, supported by its strong aerospace and defense ecosystem. Furthermore, the presence of leading aircraft manufacturers, space agencies, and defense contractors sustains consistent demand for carbon-carbon components. Additionally, substantial government funding for defense modernization and space exploration reinforces long-term procurement. Advanced manufacturing capabilities, established supplier networks, and early adoption of high-performance materials further strengthen regional dominance. As innovation and production remain concentrated, North America continues to anchor global market revenues over time across multiple end-use segments consistently worldwide today overall.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by expanding aerospace manufacturing and rising defense investments. Moreover, rapid industrialization, growing space programs, and increasing aircraft fleet sizes across key economies support material demand. Additionally, governments are strengthening domestic production capabilities and encouraging advanced materials research. Improving manufacturing infrastructure and cost-competitive labor further attract global suppliers. As regional supply chains mature, accelerated adoption of carbon-carbon composites positions Asia Pacific as the fastest-growing market during the study period across multiple industries and applications globally.

Key players in the market

Some of the key players in Carbon-Carbon Composite Market include SGL Carbon SE, Tokai Carbon Co., Ltd., Nippon Carbon Co., Ltd., Schunk Carbon Technology GmbH, Toray Industries, Inc., Teijin Limited, Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, Solvay S.A., CFC Carbon Co., Ltd., Jiangsu Tianniao High-Tech Co., Ltd., Kineco Limited, Nippon Graphite Fiber Co., Ltd., Zhongfu Shenying Composite Materials Group Co., Ltd., China Composites Group Corporation Ltd., and DowAksa Advanced Composites

Key Developments:

In December 2025, Mitsubishi Chemical Holdings Corporation introduced the new carbon fiber production expansion at Tokai (Japan) and Sacramento (U.S.) plants, nearly doubling capacity by 2027.

In November 2025, SGL Carbon SE introduced the new advanced laboratory with Linkoping University for next generation graphite coatings to strengthen carbon-carbon composite R&D.

In November 2025, Teijin Limited introduced the new BIMAX TPUD braided fabric with A&P Technology for scalable composite manufacturing in aerospace.

In September 2025, Hexcel Corporation introduced the new Type IV carbon overwrap pressure vessel (COPV) at CAMX 2025, built with HexTow(R) IM11 R carbon fiber for aerospace and space applications.

Product Types Covered:

• 2D C/C Composites
• 3D C/C Composites
• Other Product Types

Raw Materials Covered:

• PAN-based
• Pitch-based
• Rayon-based

Manufacturing Processes Covered:

• Chemical Vapor Infiltration (CVI)
• Liquid Phase Pyrolysis / Polymer Impregnation & Pyrolysis (PIP)
• Hot Pressing / Resin Transfer Molding (RTM)

End Users Covered:

• Aerospace
• Defense
• Automotive
• Industrial/High-Temperature Furnaces
• Energy
• Medical
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Carbon-Carbon Composite Market, By Product Type

• 5.1 Introduction
• 5.2 2D C/C Composites
• 5.3 3D C/C Composites
• 5.4 Other Product Types

6 Global Carbon-Carbon Composite Market, By Raw Material

• 6.1 Introduction
• 6.2 PAN-based
• 6.3 Pitch-based
• 6.4 Rayon-based

7 Global Carbon-Carbon Composite Market, By Manufacturing Process

• 7.1 Introduction
• 7.2 Chemical Vapor Infiltration (CVI)
• 7.3 Liquid Phase Pyrolysis / Polymer Impregnation & Pyrolysis (PIP)
• 7.4 Hot Pressing / Resin Transfer Molding (RTM)

8 Global Carbon-Carbon Composite Market, By End User

• 8.1 Introduction
• 8.2 Aerospace
• 8.3 Defense
• 8.4 Automotive
• 8.5 Industrial/High-Temperature Furnaces
• 8.6 Energy
• 8.7 Medical
• 8.8 Other End Users

9 Global Carbon-Carbon Composite Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 SGL Carbon SE
• 11.2 Tokai Carbon Co., Ltd.
• 11.3 Nippon Carbon Co., Ltd.
• 11.4 Schunk Carbon Technology GmbH
• 11.5 Toray Industries, Inc.
• 11.6 Teijin Limited
• 11.7 Hexcel Corporation
• 11.8 Mitsubishi Chemical Holdings Corporation
• 11.9 Solvay S.A.
• 11.10 CFC Carbon Co., Ltd.
• 11.11 Jiangsu Tianniao High-Tech Co., Ltd.
• 11.12 Kineco Limited
• 11.13 Nippon Graphite Fiber Co., Ltd.
• 11.14 Zhongfu Shenying Composite Materials Group Co., Ltd.
• 11.15 China Composites Group Corporation Ltd.
• 11.16 DowAksa Advanced Composites.