Chopped Carbon Fiber is a kind of fiber material that is processed into a certain length of short segments of continuous carbon fiber through mechanical shearing or cutting. It has excellent properties such as high strength, high modulus, corrosion resistance, and light weight. Compared with continuous carbon fiber, chopped carbon fiber is more suitable for mixing with thermoplastic or thermosetting resin to form composite materials. It can be processed into complex structural parts through various molding processes such as injection molding, molding, and 3D printing. It is widely used in automobiles, electronic appliances, civil engineering and building reinforcement, aerospace, and sports equipment. It not only retains the mechanical properties of carbon fiber, but also improves the processing flexibility and cost-effectiveness of the material.

At present, the chopped carbon fiber industry is in a period of rapid growth. With the widespread application of composite materials in automobiles and transportation, electronics, wind power, new energy and other fields, chopped carbon fiber, as a reinforcing material with better cost performance and stronger adaptability, has a rapidly growing market demand and has become one of the most active segments of carbon fiber applications.

At the same time, the downstream application structure of chopped carbon fiber has been optimized. Its traditional applications are concentrated in electronic appliances and automotive injection molding parts. It has now expanded to high-growth areas such as electric vehicle battery thermal management systems, hydrogen energy storage tank substrates, drones, and lightweight components for 3C products, and its usage ratio is constantly increasing.

According to the new market research report "Chopped Carbon Fiber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global Chopped Carbon Fiber market size is projected to grow from USD 432 million in 2024 to USD 820 million by 2031, at a CAGR of 10.3% during the forecast period.

Figure00001. Global Chopped Carbon Fiber Market Size (US$ Million), 2020-2031

Source: QYResearch, "Chopped Carbon Fiber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

Figure00002. Global Chopped Carbon Fiber Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Source: QYResearch, "Chopped Carbon Fiber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

This report profiles key players of Chopped Carbon Fiber such as Toray, MCCFC, Teijin.

In 2024, the global top three Chopped Carbon Fiber players account for 53% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Chopped Carbon Fiber.

Market Drivers:

The demand for lightweight and high-strength materials in the automotive, new energy, rail transit, aerospace and other industries is increasing, which promotes the use of chopped carbon fiber to replace traditional metal or mineral fillers.

Restraint:

Despite its superior performance, the price of chopped carbon fiber is still high compared to traditional reinforcement materials, and it is difficult to replace glass fiber and mineral fiber on a large scale in some low-end and mid-end markets.

Opportunity:

Policies of various countries encourage the use of renewable, degradable or lightweight materials, and chopped carbon fiber as an environmentally friendly material is favored by policies.

About The Authors

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