Comprehensive Snapshot of Carbon Fiber Reinforced Plastics (CFRP) Market Research Report, Including Regional and Country Analysis in Brief.
Industry: Chemicals and Materials
Delivery Timelines: Please Contact Sales
Published Date: June-2025
Format: PPT*, PDF, EXCEL
Number of Pages: 189
ID: PMRREP4846
The global carbon fiber reinforced plastics market size is expected to increase from US$ 30.2 billion in 2025 to US$ 54.5 billion by 2032, with a CAGR of 8.8% by 2032. According to the Persistence Market Research report, the industry is experiencing significant growth, fueled by the rising demand for lightweight and high-strength materials in the aerospace, automotive, and wind energy sectors. Known for their exceptional durability and corrosion resistance CFRPs have revolutionized modern manufacturing. Innovations in recycling and cost-effective production methods are also broadening their range of applications and accelerating global market adoption.
Key Industry Highlights
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Global Market Attribute |
Key Insights |
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Carbon Fiber Reinforced Plastics Market Size (2025E) |
US$ 30.2 Bn |
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Market Value Forecast (2032F) |
US$ 54.5 Bn |
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Projected Growth (CAGR 2025 to 2032) |
8.8% |
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Historical Market Growth (CAGR 2019 to 2024) |
8.0% |
The demand for carbon fiber reinforced plastics (CFRP) is driven by increasing emphasis on weight reduction and emission control in the aerospace and automotive industries. Lightweight components made from CFRP are adopted to enhance fuel efficiency and reduce greenhouse gas emissions. Advanced manufacturing techniques are used to integrate CFRP into critical structural parts, enabling improved performance and durability. Regulatory pressures aimed at lowering carbon footprints are addressed through widespread incorporation of CFRP materials. Consequently, the CFRP market is propelled by these industry-wide initiatives focused on sustainability and efficiency improvements.
In 2025, the H3065 ultra-high-strength carbon fiber was introduced by Hyosung Advanced Materials, boasting a tensile strength exceeding 6.4 GPa and an elasticity modulus surpassing 290 GPa. This material is approximately 14 times stronger than steel and significantly lighter than traditional aerospace materials such as aluminum. Hyosung has expanded global production capacity of CFRP to meet the rising demand for lightweight, high-strength materials in the aerospace sector.
Significant recycling and environmental challenges restrain the widespread adoption of carbon fiber reinforced plastics (CFRP) associated with these materials. The complex structure of CFRP composites, which combines carbon fibers with polymer matrices, makes separation and recovery processes difficult to implement. As a result, end-of-life CFRP products are often disposed in landfills or through incineration, raising environmental concerns.
The lack of standardized recycling methods and infrastructure has limited the ability to reclaim and reuse carbon fibers on a large scale. Regulatory pressures regarding waste management and environmental sustainability are increasing, but the development of efficient and eco-friendly recycling technologies is yet to mature, thereby restricting the overall growth potential of the CFRP market.
Significant opportunities are emerging in the carbon fiber reinforced plastic (CFRP) market due to expanding applications in the wind energy and infrastructure sectors. CFRP materials are used in the manufacturing of wind turbine blades due to their high strength-to-weight ratio and corrosion resistance, which enhance turbine efficiency and durability. Additionally, CFRP is employed in infrastructure projects for structural reinforcement and lightweight construction solutions. The growing emphasis on sustainable energy and resilient infrastructure has driven the demand for advanced composite materials, positioning CFRP as a key material for future development and long-term market growth across these industries.
In 2025, TANSOME® Hyosung Advanced Materials showcased carbon fiber products at JEC World 2025 in Paris emphasizing their wind turbine applications. The role of TANSOME® in enhancing wind turbine efficiency and durability was highlighted, aligning with global sustainability goals. Hyosung’s participation underscored its commitment to advancing renewable energy through innovative materials.
Thermosetting carbon fiber reinforced plastics (CFRP) are identified as the fastest-growing segment due to their superior strength and exceptional thermal stability. Applications requiring durable, high-performance composites that maintain structural integrity under extreme conditions widely utilize these materials. Enhanced mechanical properties and heat resistance are provided by the cross-linked polymer networks in thermosetting CFRPs, making them ideal for aerospace, automotive, and industrial uses. Chemical resistance and dimensional stability also contribute to prolonged service life in demanding environments. Consequently, thermosetting CFRP materials is preferred over thermoplastic alternatives for advanced composite manufacturing.
In 2025, a collaboration between Hexcel Corporation and Boeing resulted in the development of the MQ-25 Stingray, an unmanned aerial refueling aircraft for the U.S. Navy. Hexcel’s innovative Flex-Core® HRH-302 honeycomb core material was supplied for the structure surrounding the MQ-25’s high-temperature exhaust nozzle, enhancing UAV performance through extended range, increased payload capacity, and improved fuel efficiency.
The aerospace and defense segment is recognized as the leading application area for carbon fiber reinforced plastics (CFRP) due to the critical need for high-performance and lightweight materials. CFRP components are extensively utilized in aircraft and defense equipment manufacturing to enhance strength while significantly reducing weight. The superior mechanical properties and corrosion resistance of CFRP are credited with improving fuel efficiency and operational longevity in aerospace applications. Additionally, stringent safety and performance standards in defense industries have driven the integration of CFRP into structural and functional parts. Consequently, demand for advanced CFRP materials is primarily driven by the aerospace and defense sector.
In 2025, Hexcel Corporation’s latest innovations in lightweight, high-performance materials were showcased at Aero India 2025. HexTow® carbon fiber products, including HexTow IM9 24K, were highlighted for their role in enhancing efficiency in aerospace structures. HexPly® M51 and M56 prepregs were introduced to support high-rate production of composite parts without autoclave use, underscoring Hexcel’s commitment to industry requirements.
The U.S. carbon fiber reinforced plastics market, defense modernization programs drive carbon fiber reinforced plastics (CFRP) in military aircraft and unmanned aerial vehicle (UAV) components. For instance, Hexcel Corporation has partnered with Boeing to develop the MQ-25 Stingray, an unmanned aerial refueling aircraft for the U.S. Navy. Hexcel supplies its innovative Flex-Core® HRH-302 honeycomb core material for the structure surrounding the high-temperature exhaust nozzle of the MQ-25's engine.
This lightweight and durable composite material enhances the UAV's performance by allowing for extended range, increased payload capacity, and improved fuel efficiency. The integration of CFRP materials in the MQ-25 underscores the defense industry's commitment to adopting advanced composites for next-generation military aircraft.
The surge in wind energy projects across Germany, Denmark, and the Nordic countries is significantly boosting the adoption of carbon fiber reinforced plastics (CFRP) in turbine blades. In 2024, approximately 45% of newly manufactured rotor blades incorporated carbon fiber, reflecting a 10% increase from the previous year.
This trend is driven by the need to produce large and efficient turbines capable of generating higher outputs; in fact, the average turbine capacity has grown to 4.5 MW, a 15% increase from 2022. The superior properties of carbon fiber materials, such as high strength-to-weight ratio and enhanced resistance to harsh marine environments, are pivotal in meeting the demands of these advanced wind energy projects.
The boom in commercial aviation and high-speed rail projects across the Asian countries is significantly increasing the application of carbon fiber reinforced plastics (CFRP) in structural components. In 2024, China's high-speed rail network, the largest globally, expanded to nearly 40,500 kilometers, with CFRP used in various structural applications its superior strength-to-weight ratio and corrosion resistance. Mumbai–Ahmedabad High-Speed Rail Corridor in India is under construction with Shinkansen technology. Herein, the CFRP materials are widely used to enhance performance and reduce weight. These developments underscore the growing demand for CFRP in the region's transportation infrastructure, driven by the need for efficient and sustainable solutions.
The global carbon fiber reinforced plastic (CFRP) market is characterized by the presence of several leading manufacturers that drive innovation and competitiveness. Key players such as TORAY INDUSTRIES, INC., TEIJIN LIMITED, Mitsubishi Chemical Corporation, SGL Carbon, and DowAksa dominate the industry with their extensive product portfolios and advanced manufacturing capabilities. These companies have invested heavily in research and development to enhance the mechanical properties, durability, and cost-effectiveness of CFRP materials. Strategic collaborations, joint ventures, and capacity expansions have been widely adopted to strengthen market positioning and meet growing demand across aerospace, automotive, wind energy, and infrastructure sectors.
Regional players such as RAMPF Co., Ltd. and Fibrotek contribute by focusing on specialized applications and niche markets. Innovation in recycling technologies and sustainable manufacturing processes is emerging as a critical factor in competitive differentiation. Overall, the competitive landscape is driven by technological advancements, geographic expansion, and strategic partnerships aimed at capturing market opportunities.
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Report Attribute |
Details |
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Historical Data/Actuals |
2019 - 2024 |
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Forecast Period |
2025 - 2032 |
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Market Analysis Units |
Value: US$ Bn, Volume: Tons |
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Geographical Coverage |
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Segmental Coverage |
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Competitive Analysis |
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Report Highlights |
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Customization and Pricing |
Available upon request |
By Resin Type
By Form
By Application
By Region
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The global Carbon Fiber Reinforced Plastics Market is projected to be valued at 30.2 bn in 2025.
The Carbon Fiber Reinforced Plastics Market is driven by the growing use of CFRP in aerospace and automotive industries to reduce weight and emissions.
The Carbon Fiber Reinforced Plastics Market is poised to witness a CAGR of 8.8% from 2025 to 2032.
Expansion of CFRP applications in wind energy and infrastructure promises long-term market growth and drives key opportunities.
Major players in the Carbon Fiber Reinforced Plastics Market include HYOSUNG, RAMPF Co., Ltd., Fibrotek, Shanghai Horse Construction Co., LC RAPID MANUFACTURING Co., DowAksa, Clearwater Composites, LLC., Changsha Langle Industrial Co., Ltd., and others.
