Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP)

Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market to Reach US$1.9 Billion by 2030

The global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) estimated at US$1.2 Billion in the year 2024, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030. Aerospace & Defense, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$596.3 Million by the end of the analysis period. Growth in the Automotive segment is estimated at 9.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$353.0 Million While China is Forecast to Grow at 12.0% CAGR

The Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in the U.S. is estimated at US$353.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$309.0 Million by the year 2030 trailing a CAGR of 12.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.3% and 8.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market - Key Trends & Drivers Summarized

Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) represent a significant advancement in materials science, combining the high strength and stiffness of continuous fibers, such as carbon or glass, with the durability and processability of thermoplastic matrices. These composites are increasingly used in various industries due to their superior mechanical properties, lightweight nature, and excellent resistance to corrosion and environmental degradation. CFRTPs are particularly valuable in applications where both high performance and reduced weight are critical, such as in aerospace, automotive, and sports equipment. The continuous fibers provide exceptional load-bearing capacity, while the thermoplastic matrix allows for reshaping and recycling, making CFRTPs a sustainable alternative to traditional thermoset composites.

 The production and application of CFRTPs have seen remarkable growth due to advancements in manufacturing technologies and process innovations. Techniques such as automated fiber placement (AFP), in-situ consolidation, and 3D printing have enabled more efficient and precise fabrication of complex composite structures. These manufacturing advancements have reduced production costs and cycle times, making CFRTPs more accessible for large-scale industrial applications. Additionally, the development of new thermoplastic resins with enhanced thermal and chemical properties has expanded the range of environments in which CFRTPs can be effectively utilized. This has led to their adoption in more demanding applications, including high-temperature aerospace components and chemically resistant industrial parts.

The growth in the Continuous Fiber-Reinforced Thermoplastic Composites market is driven by several factors, including the increasing demand for lightweight and high-performance materials, the push for greater sustainability, and technological advancements in manufacturing processes. The automotive and aerospace industries, in particular, are seeking materials that can reduce weight and improve fuel efficiency, which directly correlates with the demand for CFRTPs. Additionally, the growing emphasis on sustainability and recyclability has positioned CFRTPs as a preferable alternative to non-recyclable thermoset composites. Technological advancements in manufacturing processes, such as automated and additive manufacturing, have also enhanced the feasibility and cost-effectiveness of producing CFRTP components. These factors, coupled with ongoing research and development efforts to improve the properties and applications of CFRTPs, are driving the robust growth of this market, making it a key area of focus in the materials industry.

SCOPE OF STUDY:

The report analyzes the Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Fiber Type (Glass Fiber, Carbon Fiber, Other Fiber Types); Application (Aerospace & Defense, Automotive, Sports Equipment, Wind Energy, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 65 Featured) -

• BASF SE
• Celanese Corporation
• Dupont
• Gurit Services AG
• Hexel Corporation
• Mitsubishi Chemical Corporation
• PlastiComp Inc
• Avient Corporation
• SGL Carbon
• Solvay S.A.
• Teijin Limited
• Toray Industries Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.