Report cover image

Carbon Fiber Reinforced Plastic Market Size, Share & Trends Analysis Report By Material (PAN-based, Pitch-based), By Product (Thermosetting, Thermoplastic), By Application, By Region, And Segment Forecasts, 2025 - 2033

Published Aug 22, 2025
Length 120 Pages
SKU # GV20400267

Description

Carbon Fiber Reinforced Plastic Market Summary

The global carbon fiber reinforced plastic market size was estimated at USD 19.27 billion in 2024 and is projected to reach USD 43.66 billion by 2033, growing at a CAGR of 9.2% from 2025 to 2033. Increasing demand for carbon fiber reinforced plastic (CFRP) from the automotive and aerospace industries, growing need for fuel-efficient vehicles, and government regulations to curb vehicular pollution are expected to drive market growth.

The rise in demand for lightweight vehicles is projected to propel market growth in the coming years. Numerous government organizations, coupled with the favorable regulatory framework, facilitated the manufacturers to invest and enhance the research and development capabilities, quality, and automation in the process.

Carbon fiber reinforced plastic is transitioning from a niche high-performance material to a broader industrial technology as manufacturers blend technical innovation with scale economics. Investment is shifting toward automation in preform layup, automated fiber placement, and faster cure technologies to reduce cycle time and improve repeatability. At the same time, value chain participants are pursuing vertical integration and localized production to shorten lead times and respond to OEM qualification needs. This movement is enabling new applications beyond traditional aerospace and sporting goods into larger volumes segments such as automotive and wind energy.

Global Carbon Fiber Reinforced Plastic Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global carbon fiber reinforced plastic market report based on product, material, application, and region:
  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Thermosetting CFRP
  • Thermoplastic CFRP
  • Material Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • PAN-based
  • Pitch-based
  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Automotive
  • Aerospace
  • Wind Turbines
  • Sport Equipment
  • Molding & Compounding
  • Construction
  • Pressure Vessels
  • Others
  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Latin America
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

120 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Types & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Carbon Fiber Reinforced Plastic Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Profit Margin Analysis of Key Value Chain Participants
3.2.2. Raw Source Trends
3.2.3. Raw Source Price Analysis
3.3. Technology Overview
3.3.1. Commercial Production Technology
3.3.2. Roadmap of Technology Advancement, 2021 to 2030
3.4. Sustainability Trends
3.4.1. Recycling and Circular Economy
3.5. Average Price Trend Analysis, 2021 to 2030 (USD/kg)
3.5.1. Key Factors Influencing Pricing
3.5.2. Supply Demand Gap Analysis
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat from New Entrants
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
Chapter 4. Carbon Fiber Reinforced Plastic Market: Product Outlook Estimates & Forecasts
4.1. Carbon Fiber Reinforced Plastic Market: Source Movement Analysis, 2024 & 2033
4.1.1. Thermosetting CFRP
4.1.1.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
4.1.2. Thermoplastic CFRP
4.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Carbon Fiber Reinforced Plastic Market: Material Outlook Estimates & Forecasts
5.1. Carbon Fiber Reinforced Plastic Market: Form Movement Analysis, 2024 & 2033
5.1.1. PAN-based
5.1.1.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
5.1.2. Pitch-based
5.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Carbon Fiber Reinforced Plastic Market: Application Outlook Estimates & Forecasts
6.1. Carbon Fiber Reinforced Plastic Market: Product Type Movement Analysis, 2024 & 2033
6.1.1. Automotive
6.1.1.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.2. Aerospace
6.1.2.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.3. Wind Turbines
6.1.3.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.4. Sport Equipment
6.1.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.5. Molding & Compounding
6.1.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.6. Construction
6.1.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.7. Pressure Vessels
6.1.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
6.1.8. Other
6.1.8.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
Chapter 7. Carbon Fiber Reinforced Plastic Market Regional Outlook Estimates & Forecasts
7.1. Regional Snapshot
7.2. Carbon Fiber Reinforced Plastic Market: Regional Movement Analysis, 2024 & 2033
7.3. North America
7.3.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.3.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.3.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.3.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.3.5. U.S.
7.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.3.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.3.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.3.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.3.6. Canada
7.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.3.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.3.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.3.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.3.7. Mexico
7.3.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.3.7.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.3.7.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.3.7.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4. Europe
7.4.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4.5. UK
7.4.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4.6. Germany
7.4.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4.7. France
7.4.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.7.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.7.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.7.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4.8. Italy
7.4.8.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.8.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.8.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.8.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.4.9. Spain
7.4.9.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.4.9.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.4.9.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.4.9.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5. Asia Pacific
7.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5.5. China
7.5.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5.6. India
7.5.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5.7. Japan
7.5.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.7.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.7.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.7.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5.8. South Korea
7.5.8.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.8.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.8.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.8.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.5.9. Australia
7.5.9.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.5.9.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.5.9.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.5.9.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.6. Latin America
7.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.6.5. Brazil
7.6.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.6.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.6.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.6.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.6.6. Argentina
7.6.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.6.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.6.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.6.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.7. Middle East & Africa
7.7.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.7.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.7.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.7.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.7.5. Saudi Arabia
7.7.5.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.7.5.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.7.5.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.7.5.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
7.7.6. South Africa
7.7.6.1. Market estimates and forecast, 2021 - 2033 (USD Million) (Kilotons)
7.7.6.2. Market estimates and forecast, by product, 2021 - 2033 (USD Million) (Kilotons)
7.7.6.3. Market estimates and forecast, by material, 2021 - 2033 (USD Million) (Kilotons)
7.7.6.4. Market estimates and forecast, by application, 2021 - 2033 (USD Million) (Kilotons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Vendor Landscape
8.2.1. Company categorization
8.2.2. List of Key Distributors and channel Partners
8.2.3. List of Potential Customers/End-users
8.3. Competitive Dynamics
8.3.1. Company Market Share Analysis & Market Positioning
8.3.2. Competitive Benchmarking
8.3.3. Strategy Mapping
8.3.4. Heat Map Analysis
8.4. Company Profiles/Listing
8.4.1. Participant’s overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.3.1. DowAksa,
8.4.3.2. Cytec Solvay Group
8.4.3.3. Toray Industries, Inc.
8.4.3.4. SGL Group
8.4.3.5. Hexcel Corporation
8.4.3.6. Teijin Limited
8.4.3.7. Mitsubishi Rayon Co., Ltd.
8.4.3.8. Hyosung Corporation
8.4.3.9. Gurit Holding AG
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.