Toray

MaterialsTokyo, JapanFounded 1926· One of 1019 Materials companies tracked by AMPulse

Global leader in carbon fiber composite materials and prepreg solutions for aerospace, automotive, and industrial applications

Featured in: Two Ways to Be Quiet · Snapshot Sep 7, 2026

CEO / Founder: Mitsuo Ohya
Team Size: 10000+
Stage: Public
Total Funding: Publicly Traded
Latest Round: Post-IPO
Key Investors: Public Market Investors; Institutional Investors

Technology & Products

Key Products

Carbon Fiber Prepreg; Carbon Fiber Fabrics; Composite Materials; Engineering Plastics; Films and Resins

Technological Advantage

Defensible competitive edge through patented carbon fiber production processes and prepreg technology

Patent position

Toray filed 34 patent families in 2022-2024, up 10% from 31 in 2019-2021, while tracked AM filings in the same patent offices fell 7%; material extrusion share fell from 41% to 19%. AMPulse analysis

Filing momentum: 34 families filed 2022–2024, 31 in 2019–2021 (+10%); all tracked AM filings in the same offices -7%
Process mix, 2019–2021 → 2022–2024: Powder bed fusion 55% → 44%Material extrusion 41% → 19%
Focus, 2019–2021 → 2022–2024: Materials 76% → 62%
Filed in: JP 41%WO 29%US 18%EP 15%CN 9%
Named competitors, AM patent families: SGL Carbon 13 Hexcel 39

97 AM patent families in total. Recent years are still being published, so read a filing change against the same-office figure.

Differentiation

Value Proposition

Provides high-performance carbon fiber composites with superior strength-to-weight ratios, enabling lighter and more fuel-efficient vehicles and aircraft

How They Differentiate

Superior quality control in prepreg production; global manufacturing footprint; extensive R&D investment in carbon fiber technology; established relationships with major aerospace OEMs

Market & Competition

Target Customers

Aerospace manufacturers, automotive OEMs, industrial equipment makers

Industry Verticals

Aerospace; Automotive; Industrial Equipment; Electronics; Sports Equipment

Competitors

Teijin Limited; SGL Carbon; Hexcel Corporation; Mitsubishi Chemical Holdings

Growth & Milestones

Growth Metrics

Revenue grew 8% YoY to $18.2B in FY2023; carbon fiber business segment grew 12% YoY; 500+ aerospace customers globally

Major Milestones

1926 - Founded as Toyo Rayon; 1963 - Name changed to Toray Industries; 2000 - Became global leader in carbon fiber production; 2023 - $18.2B revenue with 40%+ aerospace market share

Notable Customers

Boeing; Airbus; Toyota; Honda; General Motors; BMW; Tesla

https://www.toray.com

Recent coverage of Toray

Toray develops radiolucent CFRP medical part that cuts X-ray radiation dose by 8%compositesworld.comJul 11, 2026
Toray Launches Fast-Cure Prepreg for High-Rate Aerospace and Defense Productioncompositesworld.comJul 2, 2026
Toray Industries has integrated material data for its Tremil PPS resin powders into the Digimat-MX database, a platform...news.sharelab.jpApr 16, 2026
Toray Industries has introduced Toraypearl PA12, a spherical polyamide 12 powder that addresses surface and density limi...plasticstoday.comFeb 27, 2026

AM patents

AM-relevant patents linked to this company.

Patents: 112
Granted: 25
Families: 97

Leading domains: process (112), material (43), equipment (21)

Filings by year: 2024: 13 · 2023: 12 · 2022: 9 · 2021: 34 · 2020: 4 · 2019: 5

Three-dimensional modeling method and three-dimensional model2024117650 · JP2024-08-29
Analysis mesh generation method, recording medium, and analysis mesh generation device11416655 · US2021-04-15
Polymer particles and polymer particle compositions for manufacturing 3D objects, 3D objects2024007383 · JP2024-01-18
POLYARYLENE SULFIDE RESIN GRANULAR ARTICLE AND METHOD FOR PRODUCING SAME03388471 · EP2018-10-17
POWDER MIXTURE, METHOD FOR PRODUCING SAME, POWDER COMPOSITION AND METHOD FOR PRODUCING THREE-DIMENSIONAL MODEL2020090381 · WO2020-05-07

Funding rounds

IPO1950Source: Tokyo Stock Exchange

Why this company matters

AMPulse analysis, not a company disclosure

Toray is a global leader in carbon fiber composite materials and prepreg solutions, serving aerospace, automotive, and industrial markets. Founded in 1926 as Toyo Rayon and renamed in 1963, the company has built a defensible position through vertical integration from raw carbon fiber production to finished composite materials, with a global production network spanning Japan, the US, and Europe.

The company's core technology centers on proprietary prepreg manufacturing and carbon fiber production processes, protected by patents for carbon fiber production, prepreg manufacturing, and composite material structures. Toray's carbon fiber prepreg and fabrics deliver superior strength-to-weight ratios, enabling lighter, more fuel-efficient vehicles and aircraft. The company also produces engineering plastics, films, and resins.

Toray's primary customers include aerospace primes Boeing and Airbus, as well as automotive OEMs Toyota, Honda, General Motors, BMW, and Tesla. The company holds a dominant 40%+ market share in commercial aircraft carbon fiber composites and serves over 500 aerospace customers globally. In FY2023, Toray reported $18.2 billion in revenue with 8% year-over-year growth, while its carbon fiber business segment grew 12%.

The company's competitive moat rests on superior quality control in prepreg production, extensive R&D investment, and long-standing relationships with major aerospace OEMs. Key competitors include Teijin, SGL Carbon, Hexcel, and Mitsubishi Chemical. Toray has raised $1.5 billion in funding from public and institutional investors. CEO Mitsuo Ohya, a 43-year company veteran, took the helm in 2023.