Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Carbon Fiber and CFRP Market by Type (Thermosetting CFRP, Thermoplastic CFRP), By Application (Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Carbon Fiber and CFRP Market by Type (Thermosetting CFRP, Thermoplastic CFRP), By Application (Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130559 3300 Chemical & Material 377 236 Pages 5 (30)

Market Overview:

The global carbon fiber and CFRP market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and high-performance materials in various applications. The global carbon fiber and CFRP market is segmented on the basis of type, application, and region. On the basis of type, it is divided into thermosetting CFRP and thermoplastic CFRP. Thermosetting CFRP dominates the market owing to its superior properties such as high stiffness-to-weight ratio, excellent thermal stability, good chemical resistance, etc., which make it suitable for use in critical applications such as aerospace & defense and wind energy. However, with advancements being made in thermoplastic composites technology that offer better mechanical properties as compared to thermosetting composites at lower costs; thermoplastic composites are expected to gain traction over the forecast period. On the basis of application, it is classified into aerospace & defense; wind energy; automotive; sporting goods; civil engineering; pipe & tank; marine ; electrical & electronics . Aerospace & defense sector accounts for a major share of this market due to stringent weight restrictions imposed by regulatory agencies across different countries coupled with rising demand for lightweight aircrafts/aircraft components.

Global Carbon Fiber and CFRP Industry Outlook

Product Definition:

Carbon fiber is a material consisting of very thin fibers of carbon. It is extremely strong and stiff, and has a high resistance to fatigue. Carbon fiber composites are widely used in aircraft, boats, cars, sports equipment, and other applications where high strength and low weight are important.

Thermosetting CFRP:

Thermosetting CFRP, also known as thermosetting fiber composites or fiber-reinforced plastic is a resin-based material that possesses high strength and stiffness. Thermosetting CFRP consists of carbon fibers reinforced with polyester resin. The product was developed by DuPont for use in industrial applications such as protective clothing and automotive components.

Thermoplastic CFRP:

Thermoplastic CFRP, also known as TPCFP, is a thermoplastic composite fiber that consists of carbon fibers and polyester fibers. Thermoplastic CFRP has superior properties such as high strength-to-weight ratio and low density which makes it an ideal material for use in the automotive industry. The growing demand for lightweight vehicles to improve fuel efficiency is expected to drive the market over the forecast period.

Application Insights:

Aerospace & defense was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. The product has a number of applications in this sector, including primary wing spars, leading and trailing edge panels for aircraft, fuselage frames for military aircraft, empennage (tail) components for both military and civilian aircraft. Carbon fiber reinforced plastic is also used extensively in critical pathfinder equipment such as compasses, altimeters and navigation computers on Mars rovers.

Carbon fiber composites are increasingly being utilized to manufacture sporting goods due to their high strength-to-weight ratio which makes them an ideal material for golf clubs, tennis racket handles as well as skiing poles. Moreover, these materials reduce greenhouses gas emissions during production owing to lower manufacturing costs compared with traditional plastics used previously such as polyurethane or polyethylene terephthalate (PET).

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the next eight years. This growth can be attributed to increasing demand from end-use industries, such as aerospace & defense, automotive, civil engineering, electrical & electronics industry.

The Asia Pacific economy has been growing on account of increasing foreign investments coupled with rising disposable income especially in developing countries such as China and India which are also major producers of carbon fiber reinforced plastics (CFRP). In addition, favorable government policies encouraging domestic manufacturing are anticipated to drive industrial production across this region.

North America emerged as one of the prominent consumers owing to high demand from wind energy application segment that contributed significantly toward regional growth followed by automotive industry due mainly expansion activities by major players including Ford Motors Company; General Motors Company; Tesla Inc.

Growth Factors:

  • Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
  • Rising demand for carbon fiber composites in wind energy sector
  • Growing popularity of carbon fiber reinforced plastics (CFRP) in construction industry
  • Increasing use of CFRP in sporting goods and consumer electronics products
  • Technological advancements that are making carbon fibers more affordable and easier to produce

Scope Of The Report

Report Attributes

Report Details

Report Title

Carbon Fiber and CFRP Market Research Report

By Type

Thermosetting CFRP, Thermoplastic CFRP

By Application

Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics

By Companies

Toray, Teijin, Mitsubishi Chemical Corporation, Kureha, Hexcel, Cytec, SGL Carbon, Formosa Plastics, Jilin Carbon, Jilin Qifeng Chemical Fiber, Jiangsu Hengshen Fiber Material, Fangda Carbon New Material, Kingfa, iyan High-tech Fibers, Jiaxing Sino-Dia Carbon Fibre

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Carbon Fiber and CFRP Market Report Segments:

The global Carbon Fiber and CFRP market is segmented on the basis of:


Thermosetting CFRP, Thermoplastic CFRP

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Toray
  2. Teijin
  3. Mitsubishi Chemical Corporation
  4. Kureha
  5. Hexcel
  6. Cytec
  7. SGL Carbon
  8. Formosa Plastics
  9. Jilin Carbon
  10. Jilin Qifeng Chemical Fiber
  11. Jiangsu Hengshen Fiber Material
  12. Fangda Carbon New Material
  13. Kingfa
  14. iyan High-tech Fibers
  15. Jiaxing Sino-Dia Carbon Fibre

Global Carbon Fiber and CFRP Market Overview

Highlights of The Carbon Fiber and CFRP Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Alpha Hydroxy Acid for Cosmetic Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Thermosetting CFRP
    2. Thermoplastic CFRP
  1. By Application:

    1. Aerospace & Defense
    2. Wind Energy
    3. Automotive
    4. Sporting Goods
    5. Civil Engineering
    6. Pipe & Tank
    7. Marine
    8. Electrical & Electronics
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Carbon Fiber and CFRP Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Carbon Fiber and CFRP Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Carbon Fiber and CFRP Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Carbon Fiber and CFRP Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Carbon Fiber and CFRP Market - Supply Chain
   4.5. Global Carbon Fiber and CFRP Market Forecast
      4.5.1. Carbon Fiber and CFRP Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Carbon Fiber and CFRP Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Carbon Fiber and CFRP Market Absolute $ Opportunity

5. Global Carbon Fiber and CFRP Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      5.3.1. Thermosetting CFRP
      5.3.2. Thermoplastic CFRP
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Carbon Fiber and CFRP Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      6.3.1. Aerospace & Defense
      6.3.2. Wind Energy
      6.3.3. Automotive
      6.3.4. Sporting Goods
      6.3.5. Civil Engineering
      6.3.6. Pipe & Tank
      6.3.7. Marine
      6.3.8. Electrical & Electronics
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Carbon Fiber and CFRP Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Carbon Fiber and CFRP Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Carbon Fiber and CFRP Demand Share Forecast, 2019-2029

9. North America Carbon Fiber and CFRP Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      9.4.1. Aerospace & Defense
      9.4.2. Wind Energy
      9.4.3. Automotive
      9.4.4. Sporting Goods
      9.4.5. Civil Engineering
      9.4.6. Pipe & Tank
      9.4.7. Marine
      9.4.8. Electrical & Electronics
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      9.7.1. Thermosetting CFRP
      9.7.2. Thermoplastic CFRP
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Carbon Fiber and CFRP Demand Share Forecast, 2019-2029

10. Latin America Carbon Fiber and CFRP Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      10.4.1. Aerospace & Defense
      10.4.2. Wind Energy
      10.4.3. Automotive
      10.4.4. Sporting Goods
      10.4.5. Civil Engineering
      10.4.6. Pipe & Tank
      10.4.7. Marine
      10.4.8. Electrical & Electronics
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      10.7.1. Thermosetting CFRP
      10.7.2. Thermoplastic CFRP
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Carbon Fiber and CFRP Demand Share Forecast, 2019-2029

11. Europe Carbon Fiber and CFRP Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      11.4.1. Aerospace & Defense
      11.4.2. Wind Energy
      11.4.3. Automotive
      11.4.4. Sporting Goods
      11.4.5. Civil Engineering
      11.4.6. Pipe & Tank
      11.4.7. Marine
      11.4.8. Electrical & Electronics
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      11.7.1. Thermosetting CFRP
      1.7.2. Thermoplastic CFRP
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Carbon Fiber and CFRP Demand Share, 2019-2029

12. Asia Pacific Carbon Fiber and CFRP Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      12.4.1. Aerospace & Defense
      12.4.2. Wind Energy
      12.4.3. Automotive
      12.4.4. Sporting Goods
      12.4.5. Civil Engineering
      12.4.6. Pipe & Tank
      12.4.7. Marine
      12.4.8. Electrical & Electronics
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      12.7.1. Thermosetting CFRP
      12.7.2. Thermoplastic CFRP
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Carbon Fiber and CFRP Demand Share, 2019-2029

13. Middle East & Africa Carbon Fiber and CFRP Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Application
      13.4.1. Aerospace & Defense
      13.4.2. Wind Energy
      13.4.3. Automotive
      13.4.4. Sporting Goods
      13.4.5. Civil Engineering
      13.4.6. Pipe & Tank
      13.4.7. Marine
      13.4.8. Electrical & Electronics
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Type
      13.7.1. Thermosetting CFRP
      13.7.2. Thermoplastic CFRP
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Carbon Fiber and CFRP Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Carbon Fiber and CFRP Market: Market Share Analysis
   14.2. Carbon Fiber and CFRP Distributors and Customers
   14.3. Carbon Fiber and CFRP Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Toray Overview Financials Developments Strategic Outlook
      14.4.2. Teijin Overview Financials Developments Strategic Outlook
      14.4.3. Mitsubishi Chemical Corporation Overview Financials Developments Strategic Outlook
      14.4.4. Kureha Overview Financials Developments Strategic Outlook
      14.4.5. Hexcel Overview Financials Developments Strategic Outlook
      14.4.6. Cytec Overview Financials Developments Strategic Outlook
      14.4.7. SGL Carbon Overview Financials Developments Strategic Outlook
      14.4.8. Formosa Plastics Overview Financials Developments Strategic Outlook
      14.4.9. Jilin Carbon Overview Financials Developments Strategic Outlook
      14.4.10. Jilin Qifeng Chemical Fiber Overview Financials Developments Strategic Outlook
      14.4.11. Jiangsu Hengshen Fiber Material Overview Financials Developments Strategic Outlook
      14.4.12. Fangda Carbon New Material Overview Financials Developments Strategic Outlook
      14.4.13. Kingfa Overview Financials Developments Strategic Outlook
      14.4.14. iyan High-tech Fibers Overview Financials Developments Strategic Outlook
      14.4.15. Jiaxing Sino-Dia Carbon Fibre Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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