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Carbon Fiber Reinforced Plastics Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Published Jun 23, 2025
Length 189 Pages
SKU # PERR20198852

Description

Persistence Market Research has recently released a comprehensive report on the global Carbon Fiber Reinforced Plastics (CFRP) Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Carbon Fiber Reinforced Plastics Market Size (2025E): US$ 30.2 Bn

Projected Market Value (2032F): US$ 54.5 Bn

Global Market Growth Rate (CAGR 2025 to 2032): 8.8%

Carbon Fiber Reinforced Plastics (CFRP) Market - Report Scope:

The carbon fiber reinforced plastics market comprises high-performance composite materials known for their strength, lightweight properties, and resistance to fatigue and corrosion. CFRPs are widely adopted in high-end applications such as aerospace, automotive, wind energy, and sporting goods due to their superior mechanical characteristics. As industries increasingly prioritize fuel efficiency, structural integrity, and sustainability, CFRPs are gaining traction as a preferred alternative to traditional materials like metals.

Market Growth Drivers:

The CFRP market is being propelled by growing demand across industries such as aerospace, automotive, and renewable energy. In aerospace and defense, CFRPs are essential for lightweight, high-strength structures, which contribute to improved fuel efficiency and performance. The automotive sector is witnessing increased adoption of CFRPs to meet regulatory standards on fuel consumption and emissions, especially in electric vehicles where weight reduction is critical. Moreover, the global emphasis on renewable energy is accelerating the use of CFRPs in wind turbine blades, where durability and weight are key considerations. Continuous innovation in manufacturing processes and recycling technologies is also playing a pivotal role in driving market expansion.

Market Restraints:

Despite strong growth prospects, the CFRP market faces challenges that may hinder its expansion. The high cost of carbon fiber production and CFRP processing limits its widespread adoption, particularly in cost-sensitive industries. Additionally, the complex manufacturing process and longer production cycles can pose barriers for mass production. Concerns regarding recyclability and environmental impact of thermosetting CFRPs further constrain market adoption in regions with stringent sustainability regulations. Moreover, the market is subject to fluctuations in raw material prices and supply chain uncertainties, which can impact profitability for manufacturers.

Market Opportunities:

The CFRP market presents several promising opportunities as industries shift toward lightweight and sustainable materials. Ongoing research in thermoplastic CFRPs offers advantages in recyclability and faster processing, creating new avenues for application in mass-market automotive and consumer electronics. Emerging economies in Asia-Pacific and Latin America, with growing investments in infrastructure, transportation, and energy sectors, offer significant untapped potential for CFRP deployment. Additionally, advances in additive manufacturing and automated fiber placement technologies are enabling cost-effective production, broadening the market's scope. Strategic partnerships between CFRP manufacturers and OEMs are expected to lead to tailored solutions that enhance product performance and cost efficiency.

Key Questions Answered in the Report:

What are the primary factors driving the global carbon fiber reinforced plastics market's growth?

Which regions and market segments are experiencing the highest demand for CFRPs?

How are innovations in composite processing and recycling technologies influencing market dynamics?

Who are the key players in the CFRP market, and what strategies are they adopting to stay competitive?

What are the emerging trends and future projections for the global CFRP market?

Competitive Intelligence and Business Strategy:

Leading companies in the global CFRP market, such as TORAY INDUSTRIES, INC., TEIJIN LIMITED, Hexcel Corporation, Mitsubishi Chemical Corporation, and SGL Carbon, are focusing on expanding production capacity, enhancing material properties, and improving cost-efficiency. Strategic collaborations with aerospace and automotive OEMs, as well as investments in automation and advanced resin systems, are key approaches to maintain competitiveness. Companies are also prioritizing sustainable practices by exploring bio-based resins and developing recycling solutions for thermoset CFRPs to meet future regulatory and environmental expectations.

Companies Covered in This Report:

HYOSUNG

RAMPF Co., Ltd.

Fibrotek

Shanghai Horse Construction Co.

LC RAPID MANUFACTURING Co.

DowAksa

Clearwater Composites, LLC.

Changsha Langle Industrial Co., Ltd.

TEIJIN LIMITED

COMPLAM Material Co., Ltd.

TORAY INDUSTRIES, INC.

Hexcel Corporation

Syensqo

SGL Carbon

Mitsubishi Chemical Corporation

Market Segmentation:

By Resin Type

Thermosetting CFRP

Thermoplastic CFRP

By Form

Prepreg

Laminates

Molded CFRP

Tow or Yarn

By Application

Aerospace & Defense

Automotive

Wind Energy

Sporting Goods

Electrical & Electronics

Construction

Marine

Others

By Region

North America

Europe

East Asia

South Asia and Oceania

Middle East and Africa

Latin America

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Table of Contents

189 Pages
1. Executive Summary
1.1. Global Carbon Fiber Reinforced Plastic Market Snapshot 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
2.3.1. Global GDP Outlook
2.3.2. Global GDP Overview
2.3.3. Global Urbanization and Housing Development Overview
2.3.4. Global Automotive Industry Overview
2.3.5. Global Electrical Industry Overview
2.4. Forecast Factors – Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape
3. Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends
4. Price Trend Analysis, 2019-2032
4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors
5. Global Carbon Fiber Reinforced Plastic Market Outlook:
5.1. Key Highlights
5.2. Global Carbon Fiber Reinforced Plastic Market Outlook: Resin Type
5.2.1. Introduction/Key Findings
5.2.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Resin Type, 2019-2024
5.2.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
5.2.3.1. Thermosetting CFRP
5.2.3.1.1. PP
5.2.3.1.2. PE
5.2.3.1.3. Polycarbonate
5.2.3.1.4. Polyamides
5.2.3.1.5. PU
5.2.3.1.6. Others
5.2.3.2. Thermoplastic CFRP
5.2.3.2.1. epoxy resins
5.2.3.2.2. vinyl ester
5.2.3.2.3. polyimide
5.2.3.2.4. Others
5.2.4. Market Attractiveness Analysis: Resin Type
5.3. Global Carbon Fiber Reinforced Plastic Market Outlook: Form
5.3.1. Introduction/Key Findings
5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Form, 2019-2024
5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
5.3.3.1. Prepreg
5.3.3.2. Laminates
5.3.3.3. Molded CFRP
5.3.3.4. Tow or Yarn
5.3.4. Market Attractiveness Analysis: Form
5.4. Global Carbon Fiber Reinforced Plastic Market Outlook: Application
5.4.1. Introduction/Key Findings
5.4.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Application, 2019-2024
5.4.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
5.4.3.1. Aerospace & Defense
5.4.3.2. Automotive
5.4.3.3. Wind Energy
5.4.3.4. Sporting Goods
5.4.3.5. Electrical & Electronics
5.4.3.6. Construction
5.4.3.7. Marine
5.4.3.8. Others
5.4.4. Market Attractiveness Analysis: Application
6. Global Carbon Fiber Reinforced Plastic Market Outlook: Region
6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Region, 2025-2032
6.3.1. North America
6.3.2. Europe
6.3.3. East Asia
6.3.4. South Asia & Oceania
6.3.5. Latin America
6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region
7. North America Carbon Fiber Reinforced Plastic Market Outlook:
7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
7.3.1. U.S.
7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
7.4.1. Thermosetting CFRP
7.4.1.1. PP
7.4.1.2. PE
7.4.1.3. Polycarbonate
7.4.1.4. Polyamides
7.4.1.5. PU
7.4.1.6. Others
7.4.2. Thermoplastic CFRP
7.4.2.1. epoxy resins
7.4.2.2. vinyl ester
7.4.2.3. polyimide
7.4.2.4. Others
7.5. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
7.5.1. Prepreg
7.5.2. Laminates
7.5.3. Molded CFRP
7.5.4. Tow or Yarn
7.6. North America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
7.6.1. Aerospace & Defense
7.6.2. Automotive
7.6.3. Wind Energy
7.6.4. Sporting Goods
7.6.5. Electrical & Electronics
7.6.6. Construction
7.6.7. Marine
7.6.8. Others
8. Europe Carbon Fiber Reinforced Plastic Market Outlook:
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
8.3.1. Germany
8.3.2. Italy
8.3.3. France
8.3.4. U.K.
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
8.4.1. Thermosetting CFRP
8.4.1.1. PP
8.4.1.2. PE
8.4.1.3. Polycarbonate
8.4.1.4. Polyamides
8.4.1.5. PU
8.4.1.6. Others
8.4.2. Thermoplastic CFRP
8.4.2.1. epoxy resins
8.4.2.2. vinyl ester
8.4.2.3. polyimide
8.4.2.4. Others
8.5. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
8.5.1. Prepreg
8.5.2. Laminates
8.5.3. Molded CFRP
8.5.4. Tow or Yarn
8.6. Europe Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
8.6.1. Aerospace & Defense
8.6.2. Automotive
8.6.3. Wind Energy
8.6.4. Sporting Goods
8.6.5. Electrical & Electronics
8.6.6. Construction
8.6.7. Marine
8.6.8. Others
9. East Asia Carbon Fiber Reinforced Plastic Market Outlook:
9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
9.3.1. China
9.3.2. Japan
9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
9.4.1. Thermosetting CFRP
9.4.1.1. PP
9.4.1.2. PE
9.4.1.3. Polycarbonate
9.4.1.4. Polyamides
9.4.1.5. PU
9.4.1.6. Others
9.4.2. Thermoplastic CFRP
9.4.2.1. epoxy resins
9.4.2.2. vinyl ester
9.4.2.3. polyimide
9.4.2.4. Others
9.5. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
9.5.1. Prepreg
9.5.2. Laminates
9.5.3. Molded CFRP
9.5.4. Tow or Yarn
9.6. East Asia Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
9.6.1. Aerospace & Defense
9.6.2. Automotive
9.6.3. Wind Energy
9.6.4. Sporting Goods
9.6.5. Electrical & Electronics
9.6.6. Construction
9.6.7. Marine
9.6.8. Others
10. South Asia & Oceania Carbon Fiber Reinforced Plastic Market Outlook:
10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
10.3.1. India
10.3.2. Southeast Asia
10.3.3. ANZ
10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
10.4.1. Thermosetting CFRP
10.4.1.1. PP
10.4.1.2. PE
10.4.1.3. Polycarbonate
10.4.1.4. Polyamides
10.4.1.5. PU
10.4.1.6. Others
10.4.2. Thermoplastic CFRP
10.4.2.1. epoxy resins
10.4.2.2. vinyl ester
10.4.2.3. polyimide
10.4.2.4. Others
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
10.5.1. Prepreg
10.5.2. Laminates
10.5.3. Molded CFRP
10.5.4. Tow or Yarn
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
10.6.1. Aerospace & Defense
10.6.2. Automotive
10.6.3. Wind Energy
10.6.4. Sporting Goods
10.6.5. Electrical & Electronics
10.6.6. Construction
10.6.7. Marine
10.6.8. Others
11. Latin America Carbon Fiber Reinforced Plastic Market Outlook:
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
11.4.1. Thermosetting CFRP
11.4.1.1. PP
11.4.1.2. PE
11.4.1.3. Polycarbonate
11.4.1.4. Polyamides
11.4.1.5. PU
11.4.1.6. Others
11.4.2. Thermoplastic CFRP
11.4.2.1. epoxy resins
11.4.2.2. vinyl ester
11.4.2.3. polyimide
11.4.2.4. Others
11.5. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
11.5.1. Prepreg
11.5.2. Laminates
11.5.3. Molded CFRP
11.5.4. Tow or Yarn
11.6. Latin America Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
11.6.1. Aerospace & Defense
11.6.2. Automotive
11.6.3. Wind Energy
11.6.4. Sporting Goods
11.6.5. Electrical & Electronics
11.6.6. Construction
11.6.7. Marine
11.6.8. Others
12. Middle East & Africa Carbon Fiber Reinforced Plastic Market Outlook:
12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Country, 2025-2032
12.3.1. GCC Countries
12.3.2. South Africa
12.3.3. Northern Africa
12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Resin Type, 2025-2032
12.4.1. Thermosetting CFRP
12.4.1.1. PP
12.4.1.2. PE
12.4.1.3. Polycarbonate
12.4.1.4. Polyamides
12.4.1.5. PU
12.4.1.6. Others
12.4.2. Thermoplastic CFRP
12.4.2.1. epoxy resins
12.4.2.2. vinyl ester
12.4.2.3. polyimide
12.4.2.4. Others
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Form, 2025-2032
12.5.1. Prepreg
12.5.2. Laminates
12.5.3. Molded CFRP
12.5.4. Tow or Yarn
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, by Application, 2025-2032
12.6.1. Aerospace & Defense
12.6.2. Automotive
12.6.3. Wind Energy
12.6.4. Sporting Goods
12.6.5. Electrical & Electronics
12.6.6. Construction
12.6.7. Marine
12.6.8. Others
13. Competition Landscape
13.1. Market Share Analysis, 2025
13.2. Market Structure
13.2.1. Competition Intensity Mapping
13.2.2. Competition Dashboard
13.3. Company Profiles
13.3.1. HYOSUNG
13.3.1.1. Company Overview
13.3.1.2. Product Portfolio/Offerings
13.3.1.3. Key Financials
13.3.1.4. SWOT Analysis
13.3.1.5. Company Strategy and Key Developments
13.3.2. RAMPF Co., Ltd.,
13.3.3. Fibrotek
13.3.4. Shanghai Horse Construction Co.,
13.3.5. LC RAPID MANUFACTURING Co.
13.3.6. DowAksa
13.3.7. Clearwater Composites, LLC.
13.3.8. Changsha Langle Industrial Co., Ltd.
13.3.9. TEIJIN LIMITED
13.3.10. COMPLAM Material Co., Ltd.
13.3.11. TORAY INDUSTRIES, INC.
13.3.12. Hexcel Corporation
13.3.13. Syensqo
13.3.14. SGL Carbon
13.3.15. Mitsubishi Chemical Corporation
14. Appendix
14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations
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