Carbon Fiber Reinforced Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global CFRP Market Analysis and it is segmented by resin (thermosetting CFRPs and thermoplastic CFRPs), end-user industry (aerospace, automotive, sports and leisure, building and construction, wind power industry, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Carbon Fiber Reinforced Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Carbon Fiber Reinforced Plastics (CFRP) Market Size

Carbon Fiber Reinforced Plastic (CFRP) Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Carbon Fiber Reinforced Plastic (CFRP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Carbon Fiber Reinforced Plastic (CFRP) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Carbon Fiber Reinforced Plastics (CFRP) Market Analysis

The Carbon Fiber Reinforced Plastic Market is expected to register a CAGR of greater than 8% during the forecast period.

The market was negatively impacted due to COVID-19, as all the major industries that consume CFRP were put on a halt. All the industries, such as construction, automotive, aerospace, and others, shut their production plant due to the disruption caused by the COVID-19 pandemic, which reduced the demand for CFRP. However, with firms recovering, the investments are expected to grow and drive the demand for CFRP in the coming years.

  • Over the long term, the growing demand from the aerospace industry and a rising preference for fuel-efficient and lightweight vehicles are expected to drive market growth.
  • However, the high cost of the CFRP and inadequate production capacity are expected to hinder the market's growth.
  • Shifting focus on developing low-cost products and technologies will likely act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from China and India.

Carbon Fiber Reinforced Plastics (CFRP) Industry Overview

The carbon fiber reinforced plastic (CFRP) market is partly fragmented and is highly competitive among the major players. These major players include Solvay, Formosa M Co. Ltd, Nikkiso Co. Ltd, ALLRed & Associates Inc., and Röchling Group, among others.

Carbon Fiber Reinforced Plastics (CFRP) Market Leaders

  1. Solvay

  2. Röchling Group

  3. Formosa M Co., Ltd

  4. ALLRed & Associates Inc.

  5. Nikkiso Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Carbon Fiber Reinforced Plastic (CFRP) Market-Market Concentration.png
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Carbon Fiber Reinforced Plastics (CFRP) Market News

  • October 2022: Röchling SE & Co. KG launched two sustainable products, Röchling-BioBoom and Röchling-ReLoop, for bioplastics and recycled materials. Both products help strengthen the company's sustainability activities and support customers in achieving their sustainability goals.
  • September 2022: Solvay introduced LTM 350, a carbon fiber epoxy prepreg tooling material, specifically designed to deliver significant time and cost savings for the industrial, automotive, aerospace, and race car markets.

Carbon Fiber Reinforced Plastics (CFRP) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from the Aerospace Industry
    • 4.1.2 Rising Demand for Fuel-efficient and Light-weight Vehicles
  • 4.2 Restraints
    • 4.2.1 High Cost of CRFP
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size by Value)

  • 5.1 Resin Type
    • 5.1.1 Thermosetting CFRP
    • 5.1.2 Thermoplastic CFRP
  • 5.2 End-user Industry
    • 5.2.1 Aerospace
    • 5.2.2 Automotive
    • 5.2.3 Sports and Leisure
    • 5.2.4 Building and Construction
    • 5.2.5 Wind Power Industry
    • 5.2.6 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Solvay
    • 6.4.2 Hexcel Corporation
    • 6.4.3 Formosa M Co. Ltd
    • 6.4.4 Mitsubishi Chemical Corporation
    • 6.4.5 Nippon Graphite Fiber Co. Ltd
    • 6.4.6 SABIC
    • 6.4.7 TEIJIN LIMITED
    • 6.4.8 TORAY INDUSTRIES INC.
    • 6.4.9 ALLRed & Associates Inc.
    • 6.4.10 Röchling
    • 6.4.11 Nikkiso Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Shifting Focus Toward the Development of Low Cost Products and Technologies
**Subject to Availability
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Carbon Fiber Reinforced Plastics (CFRP) Industry Segmentation

Carbon fiber-reinforced plastic is a polymer matrix composite material reinforced by carbon fibers. It is majorly used in the manufacturing of aircraft and rockets, as it increases fuel efficiency and reduces the weight of the aircraft body. Resin, end-user industry, and geography segment the market. By resin type, the market is segmented into thermosetting CFRPs and thermoplastic CFRPs. The market is segmented by end-user industries: aerospace, automotive, sports and leisure, building and construction, wind power industry, and other end-user industries. The report also covers the market size and forecasts for the carbon fiber reinforced plastic (CFRP) market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Resin Type Thermosetting CFRP
Thermoplastic CFRP
End-user Industry Aerospace
Automotive
Sports and Leisure
Building and Construction
Wind Power Industry
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Carbon Fiber Reinforced Plastics (CFRP) Market Research FAQs

What is the current Carbon Fiber Reinforced Plastic (CFRP) Market size?

The Carbon Fiber Reinforced Plastic (CFRP) Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in Carbon Fiber Reinforced Plastic (CFRP) Market?

Solvay, Röchling Group, Formosa M Co., Ltd, ALLRed & Associates Inc. and Nikkiso Co., Ltd. are the major companies operating in the Carbon Fiber Reinforced Plastic (CFRP) Market.

Which is the fastest growing region in Carbon Fiber Reinforced Plastic (CFRP) Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Carbon Fiber Reinforced Plastic (CFRP) Market?

In 2025, the Asia Pacific accounts for the largest market share in Carbon Fiber Reinforced Plastic (CFRP) Market.

What years does this Carbon Fiber Reinforced Plastic (CFRP) Market cover?

The report covers the Carbon Fiber Reinforced Plastic (CFRP) Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Carbon Fiber Reinforced Plastic (CFRP) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Carbon Fiber Reinforced Polymer Industry Report

Statistics for the 2025 Carbon Fiber Reinforced Plastic (CFRP) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Carbon Fiber Reinforced Plastic (CFRP) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.