Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Report 2025 (Global Edition)

Global Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Report 2025 Market Size Split by Type (Polyacrylonitrile (PAN)-based CFRTP, Pitch-based CFRTP), by Application (Automotive, Wind Tu...

Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Report Description

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Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Insights Video

Competitive Landscape of the Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

A second significant driver propelling the CFRTP market is the rising emphasis on sustainable practices and eco-friendly materials. CFRTP, derived from materials like Polyacrylonitrile (PAN) or pitch-based sources, offers a more sustainable alternative to traditional materials. As environmental concerns and regulatory pressures mount, industries are actively seeking materials that can meet performance requirements while minimizing the environmental impact. The recyclability and energy efficiency associated with CFRTP contributes to its appeal as a green material. This emphasis on environmental responsibility acts as a key driver, influencing the adoption of CFRTP in diverse applications.

Carbon Fiber Reinforced Thermoplastic Composites CFRTP Industry News

• In August 2019, Covestro invested the continuous fiber-reinforced thermoplastic in response to growing demand trends from major end-use industries and customers. The investment aimed to boost the portfolio, fulfill the product demand, and offer growth in the industry.

(Source: www.ptonline.com/news/covestro-steps-up-investment-in-thermoplastic-composites)

Top Companies Market Share in Carbon Fiber Reinforced Thermoplastic Composites CFRTP Industry: (In no particular order of Rank)

• LANXESS (Germany)
• Solvay (Belgium)
• PolyOne Corporation (U.S.)
• RTP Company (U.S.)
• Celanese Corporation (U.S.)
• Avient Corporation (U.S.)
• Daicel Corporation (Japan)
• Sumitomo Bakelite Co. Ltd. (Japan)
• Mitsubishi Chemical Corporation (Japan)
• PPG Industries Inc. (U.S.)
• Asahi Kasei Corporation (Japan)
• SABIC (Saudi Arabia)
• Owens Corning (U.S.)
• TORAY INDUSTRIES INC (Japan)
• BASF SE (Germany)
• SGL Carbon (Germany)
• SKYi Composites Pvt. Ltd. (India)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market dominated in 2023 and accounted for 40% of the global revenue

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with North America emerging as the largest growing region, contributing to more than 40% of the total global revenue. In 2023, the market size in North America reached USD XX billion. Projections indicate a sustained and substantial expansion, with a CAGR of 5.0% from 2023 to 2030. The Regional analysis emphasizes North America's pivotal role, highlighting its influence on the global CFRTP market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth.In conclusion, North America stands at the forefront of the CFRTP market's growth, leveraging its technological capabilities and industrial prowess. With a robust growth trajectory, the region is poised to maintain its leadership, shaping the global landscape of the CFRTP market by fostering innovation and efficiency in material applications over the coming years.

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with the Asia Pacific region emerging as the fastest-growing area, contributing to more than 23% of the total global revenue. In 2023, the market size in Asia Pacific reached USD XX billion. Forecasts indicate that this momentum will persist, with a CAGR of 7.8% from 2023 to 2030.The Regional analysis underscores Asia Pacific's pivotal role, emphasizing its influence on the global CFRTP market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate. In conclusion, Asia Pacific stands out as the epicenter of rapid growth in the CFRTP market, spearheading innovation and efficiency in material applications. The region's proactive approach positions it as a key influencer, steering the global CFRTP market toward unprecedented growth and technological advancements in the foreseeable future.

The current report Scope analyzes Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with North America emerging as the largest growing region, contributing to more than 40% of the total global revenue. In 2023, the market size in North America reached USD XX billion. Projections indicate a sustained and substantial expansion, with a CAGR of 5.0% from 2023 to 2030. The Regional analysis emphasizes North America's pivotal role, highlighting its influence on the global CFRTP market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth.In conclusion, North America stands at the forefront of the CFRTP market's growth, leveraging its technological capabilities and industrial prowess. With a robust growth trajectory, the region is poised to maintain its leadership, shaping the global landscape of the CFRTP market by fostering innovation and efficiency in material applications over the coming years.

Europe Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with the Europe region emerging as a significant contributor, accounting for more than 30% of the total global revenue. In 2023, the market size in Europe reached USD XX billion, with a CAGR of 5.2% from 2023 to 2030.The Regional analysis underscores Europe's pivotal role, elucidating its impact on the global CFRTP market. Segmentation analysis provides insights into specific applications and industry verticals within the region, revealing key trends and opportunities driving the market's growth. In conclusion, Europe stands as a major player in the CFRTP market, leveraging its commitment to sustainability and technological innovation. With a robust growth trajectory, Europe is set to maintain its leadership, influencing the global landscape of the CFRTP market by fostering innovation and efficiency in material applications over the coming years.

Asia Pacific Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

According to Cognitive Market Research, The Global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with the Asia Pacific region emerging as the fastest-growing area, contributing to more than 23% of the total global revenue. In 2023, the market size in Asia Pacific reached USD XX billion. Forecasts indicate that this momentum will persist, with a CAGR of 7.8% from 2023 to 2030.The Regional analysis underscores Asia Pacific's pivotal role, emphasizing its influence on the global CFRTP market. Segmentation analysis delves into specific applications, industries, and verticals within the region, revealing unique trends and opportunities that drive the exceptional growth rate. In conclusion, Asia Pacific stands out as the epicenter of rapid growth in the CFRTP market, spearheading innovation and efficiency in material applications. The region's proactive approach positions it as a key influencer, steering the global CFRTP market toward unprecedented growth and technological advancements in the foreseeable future.

South America Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with the Latin America region emerging as a noteworthy contributor, accounting for more than 5% of the total global revenue. In 2023, the market size in Latin America reached USD XX billion. Projections suggest a robust growth trajectory, with a forecasted compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.The Regional analysis emphasizes Latin America's position, shedding light on its impact on the global CFRTP market. Segmentation analysis delves into specific applications and industry verticals within the region, revealing unique trends and opportunities driving growth. In conclusion, while Latin America currently contributes a modest percentage to the global CFRTP market, its growing commitment to sustainability and technological innovation positions the region as an emerging player. 

Middle East Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market

According to Cognitive Market Research, the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size was estimated at USD XX Billion, with the Middle East and Africa region emerging as a contributor, accounting for more than 2.00% of the total global revenue. In 2023, the market size in the Middle East and Africa reached USD XX billion. Projections indicate a robust growth trajectory, with a forecasted compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.The Regional analysis underscores the significance of the Middle East and Africa, elucidating its impact on the global CFRTP market. Segmentation analysis provides insights into specific applications and industry verticals within the region, revealing key trends and opportunities driving growth. In conclusion, while the Middle East and Africa currently contribute a modest percentage to the global CFRTP market, their growing commitment to sustainable development and technological innovation positions the region as an emerging player. 

Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Analysis

Carbon Fiber Reinforced Thermoplastic Composites CFRTP Application Segment Analysis

According to Cognitive Market Research, polyacrylonitrile (PAN)-based CFRTP emerges as the undisputed dominant category, dictating the market landscape with its widespread applications and superior performance attributes. PAN-based CFRTP's versatility, coupled with its high strength and stiffness, makes it a preferred choice across diverse industries, including automotive, aerospace, and construction. Its dominance is further solidified by its excellent process ability and ability to achieve intricate designs, catering to the evolving demands of modern manufacturing.

The fastest category in this dynamic market is fueled by the rapid acceleration of Pitch-based CFRTP. With a distinct manufacturing process using petroleum or coal pitch, Pitch-based CFRTP offers unique advantages, including enhanced thermal conductivity and resistance. This category's swift ascent is driven by its applications in high-performance environments, such as aerospace components and specialized industrial applications. As industries increasingly seek materials that push the boundaries of performance, Pitch-based CFRTP emerges as the fastest-growing player, propelling the CFRTP market into a new era of innovation and application diversity.

• Polyacrylonitrile (PAN)-based CFRTP
• Pitch-based CFRTP

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carbon Fiber Reinforced Thermoplastic Composites CFRTP Industry. Request a Free Sample PDF!

Carbon Fiber Reinforced Thermoplastic Composites CFRTP Application Segment Analysis

According to Cognitive Market Research, the automotive sector stands out as the dominant category, steering the market's trajectory with unwavering force. The demand for CFRTP in the automotive industry is propelled by its exceptional strength-to-weight ratio, contributing to enhanced fuel efficiency and vehicle performance. As CFRTP continues to revolutionize the automotive sector, its dominance underscores a paradigm shift towards advanced materials in the pursuit of sustainable, high-performance vehicles.

Amidst the applications vying for the title of the fastest-growing category, the wind turbine industry emerges as the frontrunner propelling the rapid ascent of Carbon Fiber Reinforced Thermoplastic Composites (CFRTP). CFRTP's lightweight, durable, and corrosion-resistant properties make it an ideal choice for manufacturing turbine components. As the wind energy sector expands, CFRTP's accelerated adoption in the construction of turbine blades and other critical parts positions it as the fastest-growing category, harnessing the power of innovation to drive the future of clean energy.

• Automotive
• Wind Turbines
• Construction
• Sport Equipment

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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