Product Code: PMRREP4846
Persistence Market Research has recently released a comprehensive report on the global Carbon Fiber Reinforced Plastics (CFRP) Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.
Key Insights:
- Carbon Fiber Reinforced Plastics Market Size (2025E): US$ 30.2 Bn
- Projected Market Value (2032F): US$ 54.5 Bn
- Global Market Growth Rate (CAGR 2025 to 2032): 8.8%
Carbon Fiber Reinforced Plastics Market - Report Scope:
The carbon fiber reinforced plastics (CFRP) market comprises advanced composite materials made of carbon fibers embedded in a polymer matrix. These materials are known for their high strength-to-weight ratio, excellent corrosion resistance, and durability, making them highly suitable for demanding applications across industries such as aerospace, automotive, wind energy, and sports equipment. The increasing demand for lightweight materials to improve fuel efficiency and reduce emissions in vehicles and aircraft is a key driver propelling market expansion. Technological advancements in composite manufacturing and increasing investment in renewable energy projects are further contributing to the growing adoption of CFRP.
Market Growth Drivers:
The growth of the global CFRP market is being driven by several strong factors. The increasing emphasis on reducing carbon emissions and improving fuel efficiency in transportation sectors-especially aerospace and automotive-has fueled the demand for lightweight materials like CFRP. The expanding scope of renewable energy installations, particularly in wind energy where CFRP is used in turbine blades, is also contributing to market growth. Furthermore, advancements in manufacturing technologies, such as automated fiber placement and 3D printing of composites, have enhanced production efficiency and scalability, making CFRP more accessible to a wider range of industries.
Market Restraints:
Despite its advantages, the CFRP market faces certain restraints that could limit its growth. High manufacturing costs and expensive raw materials make CFRP less viable for low-budget applications and cost-sensitive industries. The complex and energy-intensive production processes also pose barriers to mass adoption. In addition, limited recyclability and environmental concerns regarding disposal of composite materials may lead to regulatory challenges. The requirement for specialized fabrication techniques and a skilled workforce further adds to the cost and complexity of CFRP deployment in new sectors.
Market Opportunities:
The CFRP market presents promising opportunities driven by ongoing innovation and expanding application areas. The increasing penetration of electric vehicles (EVs) presents a significant opportunity for CFRP adoption to reduce vehicle weight and extend battery range. Emerging applications in construction, electronics, and marine sectors are opening new avenues for market expansion. Moreover, the growing demand for sustainable and high-performance materials in sports and lifestyle products is expected to drive further adoption. Investments in recycling technologies and development of cost-effective thermoplastic CFRP are likely to create additional opportunities, enhancing the material's sustainability profile and broadening its appeal.
Key Questions Answered in the Report:
- What are the primary factors driving the global carbon fiber reinforced plastics market's growth?
- Which regions and application segments are witnessing the highest demand for CFRP?
- How are advancements in composite manufacturing influencing market dynamics?
- Who are the key players in the CFRP market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future projections for the global CFRP market?
Competitive Intelligence and Business Strategy:
Leading companies in the global CFRP market, such as TEIJIN LIMITED, TORAY INDUSTRIES, INC., and Hexcel Corporation, are investing in product innovation, advanced resin systems, and sustainable production techniques to strengthen their market positions. These firms focus on expanding applications through partnerships with aerospace and automotive OEMs, while enhancing production capacity and improving cost-efficiency. Strategic collaborations, mergers, and acquisitions are also common among players like SGL Carbon and Mitsubishi Chemical Corporation to diversify their product portfolios and tap into emerging markets. Efforts to develop recyclable CFRP and eco-friendly production methods reflect the industry's growing focus on sustainability.
Companies Covered in This Report:
- HYOSUNG
- RAMPF Co., Ltd.
- Fibrotek
- Shanghai Horse Construction Co.
- LC RAPID MANUFACTURING Co.
- DowAksa
- Clearwater Composites, LLC.
- Changsha Langle Industrial Co., Ltd.
- TEIJIN LIMITED
- COMPLAM Material Co., Ltd.
- TORAY INDUSTRIES, INC.
- Hexcel Corporation
- Syensqo
- SGL Carbon
- Mitsubishi Chemical Corporation
Market Segmentation:
By Resin Type
- Thermosetting CFRP
- Thermoplastic CFRP
By Form
- Prepreg
- Laminates
- Molded CFRP
- Tow or Yarn
By Application
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Electrical & Electronics
- Construction
- Marine
- Others
By Region
- North America
- Europe
- East Asia
- South Asia and Oceania
- Middle East and Africa
- Latin America
Table of Contents
1. Executive Summary
- 1.1. Global Carbon Fiber Reinforced Plastic Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global GDP Overview
- 2.3.3. Global Urbanization and Housing Development Overview
- 2.3.4. Global Automotive Industry Overview
- 2.3.5. Global Electrical Industry Overview
- 2.4. Forecast Factors - Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
5. Global Carbon Fiber Reinforced Plastic Market Outlook:
- 5.1. Key Highlights
- 5.2. Global Carbon Fiber Reinforced Plastic Market Outlook: Resin Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Resin Type, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 5.2.3.1. Thermosetting CFRP
- 5.2.3.1.1. PP
- 5.2.3.1.2. PE
- 5.2.3.1.3. Polycarbonate
- 5.2.3.1.4. Polyamides
- 5.2.3.1.5. PU
- 5.2.3.1.6. Others
- 5.2.3.2. Thermoplastic CFRP
- 5.2.3.2.1. epoxy resins
- 5.2.3.2.2. vinyl ester
- 5.2.3.2.3. polyimide
- 5.2.3.2.4. Others
- 5.2.4. Market Attractiveness Analysis: Resin Type
- 5.3. Global Carbon Fiber Reinforced Plastic Market Outlook: Form
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Form, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 5.3.3.1. Prepreg
- 5.3.3.2. Laminates
- 5.3.3.3. Molded CFRP
- 5.3.3.4. Tow or Yarn
- 5.3.4. Market Attractiveness Analysis: Form
- 5.4. Global Carbon Fiber Reinforced Plastic Market Outlook: Application
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Application, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 5.4.3.1. Aerospace & Defense
- 5.4.3.2. Automotive
- 5.4.3.3. Wind Energy
- 5.4.3.4. Sporting Goods
- 5.4.3.5. Electrical & Electronics
- 5.4.3.6. Construction
- 5.4.3.7. Marine
- 5.4.3.8. Others
- 5.4.4. Market Attractiveness Analysis: Application
6. Global Carbon Fiber Reinforced Plastic Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Carbon Fiber Reinforced Plastic Market Outlook:
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 7.4.1. Thermosetting CFRP
- 7.4.1.1. PP
- 7.4.1.2. PE
- 7.4.1.3. Polycarbonate
- 7.4.1.4. Polyamides
- 7.4.1.5. PU
- 7.4.1.6. Others
- 7.4.2. Thermoplastic CFRP
- 7.4.2.1. epoxy resins
- 7.4.2.2. vinyl ester
- 7.4.2.3. polyimide
- 7.4.2.4. Others
- 7.5. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 7.5.1. Prepreg
- 7.5.2. Laminates
- 7.5.3. Molded CFRP
- 7.5.4. Tow or Yarn
- 7.6. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 7.6.1. Aerospace & Defense
- 7.6.2. Automotive
- 7.6.3. Wind Energy
- 7.6.4. Sporting Goods
- 7.6.5. Electrical & Electronics
- 7.6.6. Construction
- 7.6.7. Marine
- 7.6.8. Others
8. Europe Carbon Fiber Reinforced Plastic Market Outlook:
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 8.4.1. Thermosetting CFRP
- 8.4.1.1. PP
- 8.4.1.2. PE
- 8.4.1.3. Polycarbonate
- 8.4.1.4. Polyamides
- 8.4.1.5. PU
- 8.4.1.6. Others
- 8.4.2. Thermoplastic CFRP
- 8.4.2.1. epoxy resins
- 8.4.2.2. vinyl ester
- 8.4.2.3. polyimide
- 8.4.2.4. Others
- 8.5. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 8.5.1. Prepreg
- 8.5.2. Laminates
- 8.5.3. Molded CFRP
- 8.5.4. Tow or Yarn
- 8.6. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 8.6.1. Aerospace & Defense
- 8.6.2. Automotive
- 8.6.3. Wind Energy
- 8.6.4. Sporting Goods
- 8.6.5. Electrical & Electronics
- 8.6.6. Construction
- 8.6.7. Marine
- 8.6.8. Others
9. East Asia Carbon Fiber Reinforced Plastic Market Outlook:
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 9.4.1. Thermosetting CFRP
- 9.4.1.1. PP
- 9.4.1.2. PE
- 9.4.1.3. Polycarbonate
- 9.4.1.4. Polyamides
- 9.4.1.5. PU
- 9.4.1.6. Others
- 9.4.2. Thermoplastic CFRP
- 9.4.2.1. epoxy resins
- 9.4.2.2. vinyl ester
- 9.4.2.3. polyimide
- 9.4.2.4. Others
- 9.5. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 9.5.1. Prepreg
- 9.5.2. Laminates
- 9.5.3. Molded CFRP
- 9.5.4. Tow or Yarn
- 9.6. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 9.6.1. Aerospace & Defense
- 9.6.2. Automotive
- 9.6.3. Wind Energy
- 9.6.4. Sporting Goods
- 9.6.5. Electrical & Electronics
- 9.6.6. Construction
- 9.6.7. Marine
- 9.6.8. Others
10. South Asia & Oceania Carbon Fiber Reinforced Plastic Market Outlook:
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 10.4.1. Thermosetting CFRP
- 10.4.1.1. PP
- 10.4.1.2. PE
- 10.4.1.3. Polycarbonate
- 10.4.1.4. Polyamides
- 10.4.1.5. PU
- 10.4.1.6. Others
- 10.4.2. Thermoplastic CFRP
- 10.4.2.1. epoxy resins
- 10.4.2.2. vinyl ester
- 10.4.2.3. polyimide
- 10.4.2.4. Others
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 10.5.1. Prepreg
- 10.5.2. Laminates
- 10.5.3. Molded CFRP
- 10.5.4. Tow or Yarn
- 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 10.6.1. Aerospace & Defense
- 10.6.2. Automotive
- 10.6.3. Wind Energy
- 10.6.4. Sporting Goods
- 10.6.5. Electrical & Electronics
- 10.6.6. Construction
- 10.6.7. Marine
- 10.6.8. Others
11. Latin America Carbon Fiber Reinforced Plastic Market Outlook:
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 11.4.1. Thermosetting CFRP
- 11.4.1.1. PP
- 11.4.1.2. PE
- 11.4.1.3. Polycarbonate
- 11.4.1.4. Polyamides
- 11.4.1.5. PU
- 11.4.1.6. Others
- 11.4.2. Thermoplastic CFRP
- 11.4.2.1. epoxy resins
- 11.4.2.2. vinyl ester
- 11.4.2.3. polyimide
- 11.4.2.4. Others
- 11.5. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 11.5.1. Prepreg
- 11.5.2. Laminates
- 11.5.3. Molded CFRP
- 11.5.4. Tow or Yarn
- 11.6. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 11.6.1. Aerospace & Defense
- 11.6.2. Automotive
- 11.6.3. Wind Energy
- 11.6.4. Sporting Goods
- 11.6.5. Electrical & Electronics
- 11.6.6. Construction
- 11.6.7. Marine
- 11.6.8. Others
12. Middle East & Africa Carbon Fiber Reinforced Plastic Market Outlook:
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
- 12.4.1. Thermosetting CFRP
- 12.4.1.1. PP
- 12.4.1.2. PE
- 12.4.1.3. Polycarbonate
- 12.4.1.4. Polyamides
- 12.4.1.5. PU
- 12.4.1.6. Others
- 12.4.2. Thermoplastic CFRP
- 12.4.2.1. epoxy resins
- 12.4.2.2. vinyl ester
- 12.4.2.3. polyimide
- 12.4.2.4. Others
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
- 12.5.1. Prepreg
- 12.5.2. Laminates
- 12.5.3. Molded CFRP
- 12.5.4. Tow or Yarn
- 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
- 12.6.1. Aerospace & Defense
- 12.6.2. Automotive
- 12.6.3. Wind Energy
- 12.6.4. Sporting Goods
- 12.6.5. Electrical & Electronics
- 12.6.6. Construction
- 12.6.7. Marine
- 12.6.8. Others
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. HYOSUNG
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. RAMPF Co., Ltd.,
- 13.3.3. Fibrotek
- 13.3.4. Shanghai Horse Construction Co.,
- 13.3.5. LC RAPID MANUFACTURING Co.
- 13.3.6. DowAksa
- 13.3.7. Clearwater Composites, LLC.
- 13.3.8. Changsha Langle Industrial Co., Ltd.
- 13.3.9. TEIJIN LIMITED
- 13.3.10. COMPLAM Material Co., Ltd.
- 13.3.11. TORAY INDUSTRIES, INC.
- 13.3.12. Hexcel Corporation
- 13.3.13. Syensqo
- 13.3.14. SGL Carbon
- 13.3.15. Mitsubishi Chemical Corporation
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations