Market Overview

The Global Carbon Fiber Reinforced Plastics (CFRP) Market was valued at USD 26,390.9 million in 2023 and is expected to reach USD 46,027.0 million by 2031 while growing at a CAGR of 7.2% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global carbon fiber reinforced plastics (CFRP) market growth. Carbon Fiber Reinforced Plastics (CFRP) are composite materials consisting of carbon fibers and a polymer matrix, renowned for their outstanding strength-to-weight ratio, high stiffness, and corrosion resistance. Widely applied across industries such as aerospace, automotive, wind energy, sports equipment, and construction, CFRP proves versatile in diverse applications.

Increasing demand for lightweight properties and high strength, driven by renewable energy and wind power needs, propels the carbon fiber reinforced plastics (CFRP) market. Despite facing challenges such as the high cost of production and concerns regarding the environmental impact of carbon fiber manufacturing, the market is advancing.

Furthermore, the Global carbon fiber reinforced plastics (CFRP) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Carbon Fiber Reinforced Plastics (CFRP) Market is segmented among Thermosetting CFRP, and Thermoplastic CFRP, based on Resin Type. In 2023, Thermosetting CFRP accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Carbon Fiber Reinforced Plastics (CFRP) Market is segmented among Aerospace, Automotive, Sports and Leisure, Building and Construction, Wind Power Industry, and Others, based on End-user Industry. In 2023, Aerospace accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Carbon Fiber Reinforced Plastics (CFRP) Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Solvay, Hexcel Corporation, Formosa M Co. Ltd., Mitsubishi Chemical Corporation, Nippon Graphite Fiber Co. Ltd, SABIC, Teijin Limited, Toray Industries Inc., Allred & Associates Inc., Rochling, and Nikkiso Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Carbon Fiber Reinforced Plastics (CFRP) Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Carbon Fiber Reinforced Plastics (CFRP) Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By Resin Type  

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Share Analysis, By Resin Type  

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Growth Analysis, By Resin Type  

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Trends, By Resin Type  

o Thermosetting CFRP

o Thermoplastic CFRP

6. Global Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By End-user Industry

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Share Analysis, By End-user Industry

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Growth Analysis, By End-user Industry

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Trends, By End-user Industry

o Aerospace

o Automotive

o Sports and Leisure

o Building and Construction

o Wind Power Industry

o Other

7. Global Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By Region

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Share Analysis, By Region

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Growth Analysis, By Region

• Global Carbon Fiber Reinforced Plastics (CFRP) Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Solvay*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Hexcel Corporation

• Formosa M Co. Ltd

• Mitsubishi Chemical Corporation

• Nippon Graphite Fiber Co. Ltd

• SABIC

• TEIJIN LIMITED

• TORAY INDUSTRIES INC.

• ALLRed & Associates Inc.

• Röchling

• Nikkiso Co. Ltd 

 *Similar analysis will be provided for each company listed above.