Press release
Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market Surges Amid EV Boom and Aerospace Demand | Global Outlook 2025 | Leading key players - BASF SE, Celanese Corporation, Dupont.
The Global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market reached US$ 3.4 billion in 2022 and is expected to reach US$ 7.6 billion by 2031, growing with a CAGR of 10.6% during the forecast period 2024-2031. | According to DataM IntelligenceThe Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market encompasses advanced lightweight materials made by embedding strong carbon fibers into thermoplastic resin matrices. Valued for high strength-to-weight ratios, rapid processing, and recyclability, CFRTPs serve industries like automotive, aerospace, electronics, and sports equipment. The market reflects growing demand for durable, fuel-efficient, and sustainable solutions across global manufacturing and engineering applications.
Prominent Industry players in the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market
The prominent players in Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market research report are: BASF SE, Celanese Corporation, Dupont, Hexcel Corporation, Mitsubishi Chemical Corporation, PolyOne Corporation, SABIC, Solvay, SGL Carbon and Teijin Limited.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News:
✅ March 31, 2022 - Mitsubishi Chemical Corporation launched a new carbon fiber reinforced thermoplastic (CFRTP) pilot facility. Operations started immediately, with sample shipments planned from April 2022.
✅ December 14, 2022 - Asahi Kasei announced the development of basic recycling technology for continuous carbon fiber, as part of its "Circular Economy Program for the Automotive Carbon Fiber." This initiative was supported by Japan's NEDO Feasibility Study Program on Energy and New Environmental Technology (FY2021-FY2022).
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Market Segments
By Material: Polyacrylonitrile (PAN)-Based CFRTP, Pitch-Based CFRTP, Others.
By Resin: Polyurethane, Polyethersulfone, Polyetherimide, Others.
By Product: Long Carbon Fiber, Short Carbon Fiber.
By End-User: Media & Entertainment, Healthcare, Government & Law Enforcement, Education, Banking, Financial Services and Insurance (BFSI), Industrial, Aerospace & Defense, Automotive, Others.
The Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?
✒ Who are the prominent players in the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?
✒ How is the regulatory landscape affecting the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?
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