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Market Size in USD Billion
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USD 19.77 Billion |
| USD 37.97 Billion | |
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Global Carbon Fiber-Reinforced Plastics (CFRP) Market Segmentation, By Raw Material (Polyacrylonitrile (PAN)-based CFRP, Pitch-based CFRP, Rayon-Based, and Others), Type (Thermoset and Thermoplastic), Manufacturing Process (Prepreg Layup, Pultrusion and Winding, Wet Lamination and Infusion, Press and Injection, and Others), Application (Aerospace and Defense, Wind Turbines, Automotive, Sports Equipment, Building and Construction, Marine, Defense, Electrical and Electronics, Medical, Civil Engineering, Molding Compounds, and Others) - Industry Trends and Forecast to 2032
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Attributes
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Carbon Fiber-Reinforced Plastics (CFRP) Key Market Insights
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Segments Covered
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Countries Covered
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North America
Europe
Asia-Pacific
Middle East and Africa
South America
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Key Market Players
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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“Adoption of Sustainable Carbon Fiber Composites”
Driver
“Demand for Lightweight, High-Strength Materials”
Restraint/Challenge
“High Production Costs”
The market is segmented on the basis of raw material, type, manufacturing process, and application.
• By Raw Material
On the basis of raw material, the carbon fiber-reinforced plastics (CFRP) market is segmented into Polyacrylonitrile (PAN)-based CFRP, Pitch-based CFRP, Rayon-based, and Others. The PAN-based CFRP segment dominated the largest market revenue share of 97.88% in 2024 due to its exceptional tensile strength, lightweight properties, and superior performance in high-stress applications. PAN-based CFRP is widely preferred in aerospace, automotive, and wind energy industries where durability, structural integrity, and high strength-to-weight ratio are critical. Its large-scale production capabilities, cost efficiency compared to pitch-based fibers, and continuous advancements in PAN precursor technology further strengthen its dominance across multiple industrial applications.
The Pitch-based CFRP segment is projected to witness the fastest growth rate from 2025 to 2032, fueled by rising demand for ultra-high modulus carbon fibers in defense, aerospace, and sporting goods. Pitch-based CFRP offers exceptional stiffness and thermal conductivity, making it ideal for satellite structures, aircraft components, and precision instruments requiring dimensional stability. Increased investments in high-performance materials and growing focus on space exploration programs are expected to drive rapid adoption of pitch-based CFRP in the coming years.
• By Type
On the basis of type, the market is segmented into thermoset and thermoplastic CFRP. The thermoset CFRP segment held the largest market revenue share of 74.93% in 2024 owing to its superior heat resistance, chemical stability, and ability to maintain structural performance under extreme conditions. Thermoset resins such as epoxy provide excellent bonding with carbon fibers, making them the preferred choice for aerospace, wind turbine blades, and automotive body components. The well-established production infrastructure and widespread acceptance of thermoset composites in high-strength structural applications contribute to their market leadership.
The thermoplastic CFRP segment is anticipated to witness the fastest CAGR from 2025 to 2032, driven by its recyclability, shorter processing time, and ability to be reshaped for complex designs. Increasing demand for lightweight and sustainable materials in automotive and consumer electronics sectors is accelerating the use of thermoplastic CFRP. Its rapid molding capability and potential for cost-effective large-scale manufacturing make it an attractive option for industries prioritizing speed and environmental responsibility.
• By Manufacturing Process
On the basis of manufacturing process, the market is categorized into prepreg layup, pultrusion and winding, wet lamination and infusion, press and injection, and others. The prepreg layup segment dominated the market in 2024 owing to its precise fiber alignment, high-quality surface finish, and ability to produce components with consistent mechanical properties. Aerospace and defense manufacturers favor this process for critical structural parts, including aircraft fuselages and wing structures, where strength-to-weight ratio and defect-free lamination are crucial. The combination of automation and high-performance resins in prepreg technology enhances product reliability and supports its market dominance.
The press and injection segment is expected to record the fastest growth from 2025 to 2032, supported by rising demand for high-volume production of automotive and consumer goods components. This method enables efficient molding of complex shapes with reduced cycle times, making it suitable for cost-sensitive applications. Growing automotive electrification and the need for lightweight vehicle components are key factors propelling the adoption of press and injection processes in carbon fiber-reinforced plastics manufacturing.
• By Application
On the basis of application, the market is segmented into aerospace and defense, wind turbines, automotive, sports equipment, building and construction, marine, defense, electrical and electronics, medical, civil engineering, molding compounds, and others. The aerospace and defense segment accounted for the largest revenue share in 2024 due to increasing use of carbon fiber-reinforced plastics in aircraft structures, military vehicles, and satellite systems to achieve fuel efficiency and enhanced performance. Its lightweight characteristics, high stiffness, and resistance to fatigue make it indispensable in reducing operational costs and improving payload capacity for commercial and military aircraft.
The automotive segment is projected to grow at the fastest rate from 2025 to 2032, driven by the rising need for lightweight materials to meet stringent emission norms and improve vehicle energy efficiency. CFRP’s ability to reduce vehicle weight while maintaining structural integrity makes it ideal for electric vehicles and high-performance sports cars. Expanding production of EVs and the growing trend toward fuel-efficient mobility solutions are expected to accelerate carbon fiber-reinforced plastics adoption in automotive manufacturing worldwide.
U.S. Carbon Fiber-Reinforced Plastics Market Insight
The U.S. carbon fiber-reinforced plastics market captured the largest revenue share in North America in 2024, fueled by the robust aerospace and automotive sectors. The demand for lightweight and high-performance materials to reduce fuel consumption and carbon emissions is a significant growth driver. Strong government support for advanced materials research and development, along with increased use in electric vehicles, wind energy, and defense applications, further propels market growth. Moreover, ongoing innovations in carbon fiber precursors and manufacturing processes are enhancing the adoption of carbon fiber-reinforced plastics across multiple industries.
Europe Carbon Fiber-Reinforced Plastics Market Insight
The Europe carbon fiber-reinforced plastics market is projected to expand at a substantial CAGR during the forecast period, driven by increasing adoption in aerospace, automotive, and wind energy applications. Stringent regulations on emissions and sustainability are accelerating the shift towards lightweight materials. Countries such as Germany, France, and Italy are witnessing high investments in R&D and manufacturing of carbon fiber-reinforced plastics components. The region is also experiencing growth in construction and sports equipment applications, where high-strength, lightweight composites are preferred.
U.K. Carbon Fiber-Reinforced Plastics Market Insight
The U.K. carbon fiber-reinforced plastics market is anticipated to grow at a noteworthy CAGR during the forecast period, driven by growing demand in automotive, aerospace, and renewable energy sectors. Increased focus on lightweight and durable materials for energy-efficient transportation solutions is boosting market adoption. In addition, government initiatives supporting advanced composites and investments in domestic production infrastructure are expected to sustain market growth.
Germany Carbon Fiber-Reinforced Plastics Market Insight
The Germany carbon fiber-reinforced plastics market is expected to expand at a considerable CAGR during the forecast period, fueled by rising use in automotive lightweighting, aerospace, and wind energy sectors. Germany’s emphasis on innovation, sustainability, and high-quality manufacturing encourages the integration of carbon fiber-reinforced plastics in premium vehicles, aircraft components, and industrial applications. Growing collaborations between research institutions and manufacturers are accelerating advancements in carbon fiber production and composite technologies.
Asia-Pacific Carbon Fiber-Reinforced Plastics Market Insight
The Asia-Pacific carbon fiber-reinforced plastics market is poised to grow at the fastest CAGR during the forecast period, driven by rapid industrialization, urbanization, and technological advancements in countries such as China, Japan, and India. The region’s expanding automotive, aerospace, and wind energy sectors are increasing demand for lightweight, high-performance materials. Rising investments in domestic carbon fiber-reinforced plastics production facilities, government initiatives promoting advanced composites, and the growth of EV manufacturing are expected to drive rapid adoption.
Japan Carbon Fiber-Reinforced Plastics Market Insight
The Japan carbon fiber-reinforced plastics market is witnessing strong growth due to the country’s focus on high-tech manufacturing, aerospace innovations, and lightweight automotive components. The integration of carbon fiber-reinforced plastics in electric vehicles, robotics, and industrial equipment is increasing market adoption. Japan’s advanced R&D ecosystem and emphasis on precision engineering are fueling the development of high-strength, durable, and sustainable carbon fiber-reinforced plastics materials.
China Carbon Fiber-Reinforced Plastics Market Insight
The China carbon fiber-reinforced plastics market accounted for the largest revenue share in Asia-Pacific in 2024, driven by rapid urbanization, industrial growth, and increasing production of electric vehicles and wind turbines. China is emerging as a major hub for carbon fiber-reinforced plastics manufacturing due to the presence of both domestic and international players. Government support for renewable energy and advanced materials, along with cost-effective production capabilities, is propelling widespread adoption across automotive, aerospace, and industrial applications.
The carbon fiber-reinforced plastics (CFRP) industry is primarily led by well-established companies, including:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Carbon Fiber Reinforced Plastics Cfrp Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Carbon Fiber Reinforced Plastics Cfrp Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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