The Carbon Fiber Reinforced Plastic (CFRP) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Carbon Fiber Reinforced Plastic (CFRP) Market?
The market size of Carbon Fiber Reinforced Plastic (CFRP) has expanded quickly in recent times. The market value was $13.66 billion in 2024 which is predicted to rise to $15.07 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Carbon Fiber Reinforced Plastic (CFRP) Industry?
In 2029, the market size for Carbon Fiber Reinforced Plastic (CFRP) is projected to be $22.57 billion, with a compound annual growth rate (CAGR) of 10.6%.
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What are the Key Growth Drivers Fueling the Carbon Fiber Reinforced Plastic (CFRP) Market?
The key drivers in the carbon fiber reinforced plastic (cfrp) market are:
• Growing consumer electronics market
• Rise of electric vehicles
• Advancements in CFRP manufacturing
• Growth in wind energy sector
Global Market Segmentation: Identifying Major Carbon Fiber Reinforced Plastic (CFRP) Industry Segments
The carbon fiber reinforced plastic (CFRP) market covered in this report is segmented –
1) By Type: Polyacrylonitrile, Petroleum Pitch, Other Types
2) By Resin: Thermosetting, Thermoplastic
3) By End-User: Aerospace, Automotive, Sports And Leisure, Building And Construction, Wind Power Industry, Other End-Users
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What are the Emerging Trends Shaping the Future of the Carbon Fiber Reinforced Plastic (CFRP) Market?
The key trends in the carbon fiber reinforced plastic (cfrp) market are:
• There is a rising trend of employing CFRP in the construction of lightweight automotive components.
• Advancements in CFRP manufacturing technologies are shaping the future of the market.
• The use of CFRP is expanding in the fields of medical devices and robotics.
• Strategic collaborations and partnerships are becoming increasingly important in the CFRP market.
Who Are the Top Competitors & Leading Players in the Carbon Fiber Reinforced Plastic (CFRP) Market?
Major companies in the carbon fiber reinforced plastic (cfrp) market are:
• Solvay S.A
• DowAksa Advanced Composites Holding B.V
• Formosa Plastics Corporation
• Hexcel Corporation
• Mitsubishi Rayon Co. Ltd.
• SGL Carbon SE
• Teijin Limited
• Toray Industries Inc.
• Nikkiso Co. Ltd.
• AllRed & Associates Inc.
• Rochling Group
• Jiangsu Hengshen Fiber Material Co. Ltd.
• Zhongfu Shenying Carbon Fiber Co. Ltd.
• Nippon Graphite Fiber Co. Ltd.
• Saudi Basic Industries Corporation
• Gurit Holding AG
• Park Aerospace Corp.
• Axiom Materials Inc.
• Plasan Carbon Composites
• Zoltek Companies Inc.
• Hyosung Advanced Materials Corporation
• Owens Corning
• Huntsman Corporation
• Cytec Solvay Group
• Kureha Corporation
• Carbon Mods
• Carbon Revolution
• Carbon Conversions Inc.
• Carbon Fiber Works
• Composite Engineering Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the carbon fiber reinforced plastic market share in 2024
