Carbon Fiber Reinforced Plastic Market Size, Share, and Trends 2025 to 2034

The global carbon fiber reinforced plastic market is projected to grow from USD 29.70 billion in 2025 to USD 56.94 billion by 2034, expanding at a CAGR of 7.50%. Growth is driven by rapid infrastructure development, rising demand from wind energy and automotive sectors, and increased usage of lightweight, high-strength materials in aerospace and construction industries.

Last Updated : August 2025  |  Report Code : 5048  |  Category : Chemical and Material  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Carbon Fiber Reinforced Plastic Market 

5.1. COVID-19 Landscape: Carbon Fiber Reinforced Plastic Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Carbon Fiber Reinforced Plastic Market, By Material

8.1. Carbon Fiber Reinforced Plastic Market Revenue and Volume, by Material

8.1.1 PAN-based

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Pitch-based

8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Carbon Fiber Reinforced Plastic Market, By Product

9.1. Carbon Fiber Reinforced Plastic Market Revenue and Volume, by Product

9.1.1. Thermosetting CFRP

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Thermoplastic CFRP

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Carbon Fiber Reinforced Plastic Market, By Application 

10.1. Carbon Fiber Reinforced Plastic Market Revenue and Volume, by Application

10.1.1. Automotive

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Aerospace

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Wind Turbines

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Sport Equipment

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Molding & Compounding

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Construction

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Pressure Vessels

10.1.7.1. Market Revenue and Volume Forecast

10.1.8. Molding & Compounding

10.1.8.1. Market Revenue and Volume Forecast

Chapter 11. Global Carbon Fiber Reinforced Plastic Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Material

11.1.2. Market Revenue and Volume Forecast, by Product

11.1.3. Market Revenue and Volume Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Material

11.1.4.2. Market Revenue and Volume Forecast, by Product

11.1.4.3. Market Revenue and Volume Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Material

11.1.5.2. Market Revenue and Volume Forecast, by Product

11.1.5.3. Market Revenue and Volume Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Material

11.2.2. Market Revenue and Volume Forecast, by Product

11.2.3. Market Revenue and Volume Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Material

11.2.4.2. Market Revenue and Volume Forecast, by Product

11.2.4.3. Market Revenue and Volume Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Material

11.2.5.2. Market Revenue and Volume Forecast, by Product

11.2.5.3. Market Revenue and Volume Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Material

11.2.6.2. Market Revenue and Volume Forecast, by Product

11.2.6.3. Market Revenue and Volume Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Material

11.2.7.2. Market Revenue and Volume Forecast, by Product

11.2.7.3. Market Revenue and Volume Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Material

11.3.2. Market Revenue and Volume Forecast, by Product

11.3.3. Market Revenue and Volume Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Material

11.3.4.2. Market Revenue and Volume Forecast, by Product

11.3.4.3. Market Revenue and Volume Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Material

11.3.5.2. Market Revenue and Volume Forecast, by Product

11.3.5.3. Market Revenue and Volume Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Material

11.3.6.2. Market Revenue and Volume Forecast, by Product

11.3.6.3. Market Revenue and Volume Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Material

11.3.7.2. Market Revenue and Volume Forecast, by Product

11.3.7.3. Market Revenue and Volume Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Material

11.4.2. Market Revenue and Volume Forecast, by Product

11.4.3. Market Revenue and Volume Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Material

11.4.4.2. Market Revenue and Volume Forecast, by Product

11.4.4.3. Market Revenue and Volume Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Material

11.4.5.2. Market Revenue and Volume Forecast, by Product

11.4.5.3. Market Revenue and Volume Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Material

11.4.6.2. Market Revenue and Volume Forecast, by Product

11.4.6.3. Market Revenue and Volume Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Material

11.4.7.2. Market Revenue and Volume Forecast, by Product

11.4.7.3. Market Revenue and Volume Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Material

11.5.2. Market Revenue and Volume Forecast, by Product

11.5.3. Market Revenue and Volume Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Material

11.5.4.2. Market Revenue and Volume Forecast, by Product

11.5.4.3. Market Revenue and Volume Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Material

11.5.5.2. Market Revenue and Volume Forecast, by Product

11.5.5.3. Market Revenue and Volume Forecast, by Application

Chapter 12. Company Profiles

12.1. DowAksa

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Cytec Solvay Group

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Toray Industries, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. SGL Group

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Hexcel Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Hyosung Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Gurit Holding AG

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Solvay

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Hexcel Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Formosa M Co. Ltd

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global carbon fiber reinforced plastic market size is expected to increase USD 56.94 billion by 2034 from USD 27.63 billion in 2024.

The carbon fiber reinforced plastic market is anticipated to grow at a CAGR of over 7.50% between 2025 and 2034.

The major players operating in the carbon fiber reinforced plastic market are DowAksa, Cytec Solvay Group, Toray Industries Inc., SGL Group, Hexcel Corporation, Hyosung Corporation, Gurit Holding AG, Solvay, Hexcel Corporation, Formosa M Co. Ltd, Mitsubishi Chemical Corporation, Nippon Graphite Fiber Co. Ltd, SABIC, TEIJIN LIMITED, ALLRed & Associates Inc., Röchling, Nikkiso Co. Ltd, and Others.

The driving factors of the carbon fiber reinforced plastic market are the rapid expansion of the wind energy industry.

Europe region will lead the global carbon fiber reinforced plastic market during the forecast period 2025 to 2034.

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