Global Carbon Fibre Reinforced Plastics
Market Report
2025
The Carbon Fibre-Reinforced Plastics Market is expected to grow from USD 7.62 Billion in 2022 to USD 14.96 Billion by 2030, at a CAGR of 8.4%.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Carbon Fibre Reinforced Plastics Market Report 2025.
The Carbon Fibre-Reinforced Plastics Market is expected to grow from USD 7.62 Billion in 2022 to USD 14.96 Billion by 2030, at a CAGR of 8.4%.
2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|
Global Carbon Fibre Reinforced Plastics Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 8.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Application |
|
Market Split by Raw Material |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Carbon Fibre Reinforced Plastics industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Carbon Fibre Reinforced Plastics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carbon fiber-reinforced plastic is a Fiber-reinforced plastic Market that is incredibly sturdy yet lightweight. CFRPs production cost is high but still, they are widely utilized in several industries due to their high strength-to-weight ratio and rigidity. Nowadays CFRPs becoming real high-tech materials fulfilling the needs of aerospace, ship superstructures, automotive, civil engineering, sports equipment, and a rising variety of consumer and technical applications.
The automobile industry is one of the world's most profitable financial sectors. Notwithstanding difficulties like overcapacity and poor benefit, the automobile sector has a strong impact and relevance. The automotive sector is a major modern and monetary force all over the world. Every year, it produces nearly 60 million automobiles and trucks. Carbon fiber-reinforced plastic is a great material for automobile construction for lightweight use because it has outstanding fatigue strength, low inherent weight, corrosion resistance, strong chemical resistance, and high strength and rigorousness. As a result, it is widely employed in the production of body components, structural components, and EV high-voltage battery components. This raises the demand for carbon fiber-reinforced plastic.
The high cost associated with the carbon fibre reinforced plastics can hamper the growth of the carbon fibre reinforced plastics market. The CFRP is made up of Polyacrylonitrile Market which can cost up to US$ 90 per kilogram. This further raises the price of the CFRP.
The aircraft manufacturer and businesses are focusing more on investing in new technologies and adopting of modern gateways. Incorporation of state-of-the-art automation and ever-improving technology smoothen aviation operations. Aircraft engine Market and bearing manufacturers have been aggressively seeking innovative materials technology systems solutions to fulfill main part designing. For such high-performance applications, CFRP is used. It is feasible to minimize weight while achieving mechanical peak values in terms of component strength and stiffness by employing CFRP in both primary and secondary constructions. They provide tailor-made solutions for specific needs, based on modern manufacturing processes in the fabrication of lightweight components. CFRP lightweight components, for example, are mostly employed as major and minor operational components, as well as internal components in
We have various report editions of Carbon Fibre Reinforced Plastics Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In January 2023, Asahi Kasei created a novel technique for recovering carbon fibre plastic composites in association with the National Institute of Technology, Kitakyushu College, and Tokyo University of Science. CFRPs are costly and difficult to recycle as the removal process of the carbon fibers from resin is difficult after use. Asahi Kasei, in partnership with National Institute of Technology at Kitakyushu College and the Tokyo University of Science, has researched a recycling method for removing carbon fibres from CFRP or carbon fibre reinforced thermoplastics (CFRTP) used in vehicles. As a result, high-quality, low-cost continuous carbon fibre may be recycled indefinitely, contributing to the circular economy.
Top Companies Market Share in Carbon Fibre Reinforced Plastics Industry: (In no particular order of Rank)
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.
Geographically, the global carbon fiber reinforced plastics market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the carbon fiber-reinforced plastics market because of expanding automotive industry. Specifically, in China, the automotive industry is expanding at a rapid pace. This promotes regional growth. Similarly, according to new research from the International Renewable Energy Agency (IRENA), Asia's share of installed capacity for onshore wind might increase from 230 Gigawatts (GW) in 2018 to over 2600 GW by 2050. By that time, the area would have become a worldwide wind leader, accounting for more than half of all onshore and more than 60% of all offshore wind capacity added globally.
The current report Scope analyzes Carbon Fibre Reinforced Plastics 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
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Carbon Fibre Reinforced Plastics Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Fibre Reinforced Plastics Industry growth. Carbon Fibre Reinforced Plastics market has been segmented with the help of its Type, Application Raw Material, and others. Carbon Fibre Reinforced Plastics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on types, the Thermoplastic CFRP Market segment dominates the growth of the market due to the benefits associated with the products. Thermoset CFRP are suited for applications that must survive high-impact, high-demand situations. They offer outstanding endurance, and structural integrity, and can surpass metal materials in many contexts since their physical and chemical characteristics are fixed after initial heat exposure.
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 Fibre Reinforced Plastics Industry. Request a Free Sample PDF!
Based on application, the Aerospace segment holds a high market share for the carbon fiber-reinforced plastics market. This is attributed to the rising aerospace R & D activities. Rising usage of CRFP in planes, helicopters, space shuttles, etc.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Based on raw material, the Polyacrylonitrile Market segment leads the carbon fiber-reinforced plastics market. Polyacrylonitrile is a white powder that is solid. It is robust and rigid, as well as chemical and solvent resistant.
Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Carbon Fibre Reinforced Plastics Market is witnessing significant growth in the near future.
In 2023, the Thermosetting CFRP segment accounted for noticeable share of global Carbon Fibre Reinforced Plastics Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hexcel, Cytec and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Thermosetting CFRP, Thermoplastic CFRP |
Application | Automotive, Sports Goods, Wind Turbines, Building & Construction, Military & Defence, Aerospace, Others |
Raw Material | Petroleum Pitch, Polyacrylonitrile (PAN), Others |
List of Competitors | Hexcel, Toray, Cytec, Teijin, TenCate, Mitsubishi rayon, SGL Carbon, TenCate |
This chapter will help you gain GLOBAL Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review Global Carbon Fibre Reinforced Plastics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review North America Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review Europe Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review Asia Pacific Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review South America Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review Middle East Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Fibre Reinforced Plastics. Further deep in this chapter, you will be able to review Middle East Carbon Fibre Reinforced Plastics Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Carbon Fibre Reinforced Plastics. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Raw Material Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Fibre Reinforced Plastics market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Thermosetting CFRP have a significant impact on Carbon Fibre Reinforced Plastics market? |
What are the key factors affecting the Thermosetting CFRP and Thermoplastic CFRP of Carbon Fibre Reinforced Plastics Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Fibre Reinforced Plastics Market? |
Which region is expected to dominate the global Carbon Fibre Reinforced Plastics Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|