PUBLISHER: The Business Research Company | PRODUCT CODE: 1929910
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929910
Carbon Fiber Reinforced Plastic (CFRP) represents a robust and enduring form of carbon-infused plastic fortified with high-strength unidirectional fibers. This composite material comprises interlinked carbon atoms within a polymer resin matrix structure. Renowned for its lightweight nature, exceptional strength, and rigidity, CFRP finds extensive utility in applications where a superior strength-to-weight ratio and stiffness are imperative.
The primary variants of carbon fiber-reinforced plastic encompass polyacrylonitrile, petroleum pitch, and assorted alternatives. Polyacrylonitrile stands as a synthetic resin produced through acrylonitrile polymerization. This hard and inflexible thermoplastic substance belongs to the substantial family of acrylic resins, demonstrating resilience against a broad spectrum of solvents and chemicals. Diverse forms of carbon fiber reinforced plastic resins span both thermosetting and thermoplastic compositions, catering to varied end-user industries including aerospace, automotive, sports and leisure, building and construction, the wind power sector, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the carbon fiber reinforced plastic market by increasing costs of imported carbon fibers, polymer resins, prepregs, and specialized processing equipment. Aerospace and automotive industries in North America and Europe are most affected due to dependence on imported composite materials, while Asia-Pacific faces pricing pressure on export-oriented CFRP production. These tariffs are increasing manufacturing costs and slowing adoption in cost-sensitive applications. However, they are also driving domestic composite manufacturing, regional resin development, and innovation in cost-efficient CFRP processing technologies.
The carbon fiber reinforced plastic (cfrp) market research report is one of a series of new reports from The Business Research Company that provides carbon fiber reinforced plastic (cfrp) market statistics, including carbon fiber reinforced plastic (cfrp) industry global market size, regional shares, competitors with a carbon fiber reinforced plastic (cfrp) market share, detailed carbon fiber reinforced plastic (cfrp) market segments, market trends and opportunities, and any further data you may need to thrive in the carbon fiber reinforced plastic (cfrp) industry. This carbon fiber reinforced plastic (cfrp) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The carbon fiber reinforced plastic (cfrp) market size has grown rapidly in recent years. It will grow from $14.93 billion in 2025 to $16.5 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing aerospace composite utilization, advancements in polymer resin technologies, rising adoption in high-performance sports equipment, growth in defense material applications, availability of pan-based carbon fibers.
The carbon fiber reinforced plastic (cfrp) market size is expected to see rapid growth in the next few years. It will grow to $24.24 billion in 2030 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing demand from electric vehicle manufacturing, expansion of renewable energy infrastructure, rising focus on recyclable composite materials, growing adoption in construction reinforcement, increasing investments in advanced composite processing. Major trends in the forecast period include increasing adoption of cfrp in lightweight structures, rising demand for high strength-to-weight materials, growing use of thermoplastic cfrp solutions, expansion of cfrp applications in automotive and aerospace, enhanced focus on structural performance.
The expansion of the construction industry is expected to drive the growth of the carbon fiber-reinforced plastic market in the coming years. The construction industry includes the planning, development, and maintenance of physical structures and infrastructure using labor, materials, and equipment. Growth in the construction sector is being fueled by rapid urbanization, which is generating sustained demand for new residential and commercial infrastructure and encouraging developers to accelerate building activities. Carbon fiber-reinforced plastic (CFRP) is widely used in construction to strengthen structures, bridges, and buildings due to its high strength, lightweight nature, and resistance to corrosion. For example, in June 2025, according to the Australian Bureau of Statistics, an Australia-based autonomous constitutional agency responsible for data collection and analysis and providing evidence-based insights to federal, state, and territorial governments, the construction industry accounted for 7.0% of Australia's GDP in 2023-24 and employed approximately 1.3 million people. Therefore, the rising demand for construction is driving the growth of the carbon fiber-reinforced plastic market.
Leading companies in the Carbon Fiber Reinforced Plastic market are concentrating on creating innovative solutions, such as carbon fiber-reinforced polyvinylidene fluoride (PVDF), to improve material performance across industries like aerospace, automotive, and construction. Carbon fiber-reinforced PVDF is a composite material that incorporates carbon fibers within a PVDF matrix. For example, in May 2024, Xenia Materials, an additive manufacturing company based in Italy, introduced a new line of carbon fiber-reinforced PVDF compounds designed for pellet-fed 3D printing. These advanced compounds enhance the performance and chemical resistance of additive manufacturing materials by combining unfilled PVDF with carbon fiber. The result is improved strength, minimized warping, and compliance with ATEX standards, ensuring safety in hazardous environments.
In October 2025, Epsilon Composite SAS, a France-based provider of carbon-fibre composite solutions and technical pultrusion services, acquired Cometec S.r.l. for an undisclosed amount. Through this acquisition, Epsilon Composite seeks to strengthen and expand its presence in Italy by integrating Cometec's expertise to enhance its carbon-roller manufacturing capabilities and deliver more integrated, high-performance roller solutions to machine manufacturers across Europe and other regions. Cometec S.r.l. is an Italy-based company specializing in technical carbon-fibre rollers and precision-machined roller assemblies, serving sectors such as printing, converting, film processing, and industrial machinery.
Major companies operating in the carbon fiber reinforced plastic (cfrp) market are Solvay S.A, DowAksa Advanced Composites Holding B.V, Formosa Plastics Corporation, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., SGL Carbon SE, Teijin Limited, Toray Industries Inc., Nikkiso Co. Ltd., AllRed & Associates Inc., Rochling Group, Jiangsu Hengshen Fiber Material Co. Ltd., Zhongfu Shenying Carbon Fiber Co. Ltd., Nippon Graphite Fiber Co. Ltd., Saudi Basic Industries Corporation, Gurit Holding AG, Park Aerospace Corp., Axiom Materials Inc., Plasan Carbon Composites, Zoltek Companies Inc., Hyosung Advanced Materials Corporation, Owens Corning, Huntsman Corporation, Cytec Solvay Group, Kureha Corporation, Carbon Mods, Carbon Revolution, Carbon Conversions Inc., Carbon Fiber Works, Composite Engineering Inc.
North America was the largest region in the carbon fiber reinforced plastic market share in 2025. The regions covered in the carbon fiber reinforced plastic (cfrp) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the carbon fiber reinforced plastic (cfrp) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The carbon fiber reinforced plastic (CFRP) market consists of sales of carbon fiber reinforced plastic, having a base or carrier substance, also called matrix, and a second reinforcing component, the carbon fiber, which is embedded in the matrix. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Carbon Fiber Reinforced Plastic (CFRP) Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses carbon fiber reinforced plastic (cfrp) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for carbon fiber reinforced plastic (cfrp) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The carbon fiber reinforced plastic (cfrp) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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