Global Carbon Fiber Reinforced Polypropylene Market Growth 2026-2032
Description
The global Carbon Fiber Reinforced Polypropylene market size is predicted to grow from US$ 429 million in 2025 to US$ 734 million in 2032; it is expected to grow at a CAGR of 7.9% from 2026 to 2032.
Global sales of Fiber Reinforced Modified Polypropylene (CFRP) reached 101,308 tons in 2025, with an average price of $4,326 per ton.
Carbon fiber reinforced polymer or carbon fiber reinforced plastic, is an extremely strong and light fiber-reinforced plastic which contains carbon fibers. Carbon Fiber Reinforced Polypropylene is one of CFRPs. CFRPs can be expensive to produce, but are commonly used wherever high strength-to-weight ratio and stiffness (rigidity) are required, such as aerospace, superstructures of ships, automotive, civil engineering, sports equipment, and an increasing number of consumer and technical applications.
Composites include fiber-reinforced materials and organic matrices, with the most commonly used materials being Glass Fiber Reinforced Polymer (GFRP) and Carbon Fiber Reinforced Polymer (CFRP) composites, followed by composites reinforced with aramid or natural fibers. After a decline in production in 2020, the global composites industry is gradually returning to pre-pandemic growth rates, with the energy, electronics/electrical, construction, marine and consumer goods markets showing rapid recovery. New growth opportunities are also emerging in emerging sectors such as electric and hydrogen-fueled vehicles, marine, sports and recreation, medical, electrical and electronics, oil and gas, furniture and design, defense and security, and renewable energy. Between now and the future, composites will provide higher performance, lighter, more energy efficient as well as more durable products in a wider range of applications and markets.
The raw materials for CFRP consist of two parts: carbon fibers, obtained by high-temperature carbonization of polyacrylonitrile (PAN) precursor fibers, accounting for 10–40% of the composite material's dry weight; and commercial-grade polypropylene resin (homogeneous or copolymer), supplemented with compatibilizers such as maleic anhydride-grafted PP, specialized sizing agents, and small amounts of initiators to improve interfacial adhesion. Currently, approximately 90% of carbon fiber still relies on the PAN route, with precursor costs accounting for about 50% of the carbon fiber selling price. The high-temperature furnace energy consumption required for carbonization and surface treatment reaches as high as 286 MJ/kg, keeping carbon fiber prices high. In the total cost of CF/PP, carbon fiber typically accounts for 70-80%, compatibilizers and additives for 5-10%, and the remainder for polypropylene resin and processing energy consumption. Therefore, reducing the price of PAN precursor or using low-cost lignin or polyolefin precursors is considered a key path to compressing composite material costs.
LP Information, Inc. (LPI) ' newest research report, the “Carbon Fiber Reinforced Polypropylene Industry Forecast” looks at past sales and reviews total world Carbon Fiber Reinforced Polypropylene sales in 2025, providing a comprehensive analysis by region and market sector of projected Carbon Fiber Reinforced Polypropylene sales for 2026 through 2032. With Carbon Fiber Reinforced Polypropylene sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Fiber Reinforced Polypropylene industry.
This Insight Report provides a comprehensive analysis of the global Carbon Fiber Reinforced Polypropylene landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Fiber Reinforced Polypropylene portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Carbon Fiber Reinforced Polypropylene market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Fiber Reinforced Polypropylene and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Fiber Reinforced Polypropylene.
This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Fiber Reinforced Polypropylene market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermosetting Type
Thermoplastics Type
Segmentation by Fiber Length:
Short Fiber
Long Fiber
Segmentation by Matrix:
Homopolymer PP
Copolymer PP
Segmentation by Application:
Automobiles
Aviation and Aerospace
Industrial Pipelines
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Toray
Mitsubishi Rayon
Teijin
SGL
Hexcel
Solvay
Nippon Carbon
Aksa Carbon
Hyosung Advanced
DOMO
Teknor Apex
Asahi Kasei
Shanghai Pret Composites
Carbon (Xiamen) New Material
Chengzi Tainuo
Cathay Biotech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Carbon Fiber Reinforced Polypropylene market?
What factors are driving Carbon Fiber Reinforced Polypropylene market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Carbon Fiber Reinforced Polypropylene market opportunities vary by end market size?
How does Carbon Fiber Reinforced Polypropylene break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Global sales of Fiber Reinforced Modified Polypropylene (CFRP) reached 101,308 tons in 2025, with an average price of $4,326 per ton.
Carbon fiber reinforced polymer or carbon fiber reinforced plastic, is an extremely strong and light fiber-reinforced plastic which contains carbon fibers. Carbon Fiber Reinforced Polypropylene is one of CFRPs. CFRPs can be expensive to produce, but are commonly used wherever high strength-to-weight ratio and stiffness (rigidity) are required, such as aerospace, superstructures of ships, automotive, civil engineering, sports equipment, and an increasing number of consumer and technical applications.
Composites include fiber-reinforced materials and organic matrices, with the most commonly used materials being Glass Fiber Reinforced Polymer (GFRP) and Carbon Fiber Reinforced Polymer (CFRP) composites, followed by composites reinforced with aramid or natural fibers. After a decline in production in 2020, the global composites industry is gradually returning to pre-pandemic growth rates, with the energy, electronics/electrical, construction, marine and consumer goods markets showing rapid recovery. New growth opportunities are also emerging in emerging sectors such as electric and hydrogen-fueled vehicles, marine, sports and recreation, medical, electrical and electronics, oil and gas, furniture and design, defense and security, and renewable energy. Between now and the future, composites will provide higher performance, lighter, more energy efficient as well as more durable products in a wider range of applications and markets.
The raw materials for CFRP consist of two parts: carbon fibers, obtained by high-temperature carbonization of polyacrylonitrile (PAN) precursor fibers, accounting for 10–40% of the composite material's dry weight; and commercial-grade polypropylene resin (homogeneous or copolymer), supplemented with compatibilizers such as maleic anhydride-grafted PP, specialized sizing agents, and small amounts of initiators to improve interfacial adhesion. Currently, approximately 90% of carbon fiber still relies on the PAN route, with precursor costs accounting for about 50% of the carbon fiber selling price. The high-temperature furnace energy consumption required for carbonization and surface treatment reaches as high as 286 MJ/kg, keeping carbon fiber prices high. In the total cost of CF/PP, carbon fiber typically accounts for 70-80%, compatibilizers and additives for 5-10%, and the remainder for polypropylene resin and processing energy consumption. Therefore, reducing the price of PAN precursor or using low-cost lignin or polyolefin precursors is considered a key path to compressing composite material costs.
LP Information, Inc. (LPI) ' newest research report, the “Carbon Fiber Reinforced Polypropylene Industry Forecast” looks at past sales and reviews total world Carbon Fiber Reinforced Polypropylene sales in 2025, providing a comprehensive analysis by region and market sector of projected Carbon Fiber Reinforced Polypropylene sales for 2026 through 2032. With Carbon Fiber Reinforced Polypropylene sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Fiber Reinforced Polypropylene industry.
This Insight Report provides a comprehensive analysis of the global Carbon Fiber Reinforced Polypropylene landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Fiber Reinforced Polypropylene portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Carbon Fiber Reinforced Polypropylene market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Fiber Reinforced Polypropylene and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Fiber Reinforced Polypropylene.
This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Fiber Reinforced Polypropylene market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermosetting Type
Thermoplastics Type
Segmentation by Fiber Length:
Short Fiber
Long Fiber
Segmentation by Matrix:
Homopolymer PP
Copolymer PP
Segmentation by Application:
Automobiles
Aviation and Aerospace
Industrial Pipelines
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Toray
Mitsubishi Rayon
Teijin
SGL
Hexcel
Solvay
Nippon Carbon
Aksa Carbon
Hyosung Advanced
DOMO
Teknor Apex
Asahi Kasei
Shanghai Pret Composites
Carbon (Xiamen) New Material
Chengzi Tainuo
Cathay Biotech
Key Questions Addressed in this Report
What is the 10-year outlook for the global Carbon Fiber Reinforced Polypropylene market?
What factors are driving Carbon Fiber Reinforced Polypropylene market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Carbon Fiber Reinforced Polypropylene market opportunities vary by end market size?
How does Carbon Fiber Reinforced Polypropylene break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
143 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Carbon Fiber Reinforced Polypropylene by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Carbon Fiber Reinforced Polypropylene by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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