United States Carbon Fiber Reinforced Thermoplastic Composites Market | Future Growth & Investments 2025

Market Size and Growth

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.

Key Development:

United States: Recent Industry Developments

✅ In July 2025, Hexcel Corporation launched a new line of CFRTP materials for aerospace applications. These composites offer lightweight strength and faster processing, targeting next-gen aircraft and space vehicles.

✅ In June 2025, General Motors partnered with a U.S.-based composites startup to integrate CFRTP in EV structures. This initiative reduces vehicle weight by 20%, improving battery efficiency and overall driving range.

Japan: Recent Industry Developments

✅ In August 2025, a Japanese aerospace company commenced testing CFRTP fuselage panels for commercial aircraft. The panels are expected to reduce aircraft weight by 15%, leading to fuel savings and lower emissions.

✅ In July 2025, Mitsubishi Heavy Industries announced plans to develop CFRTP components for next-generation bullet trains. The initiative aims to reduce train weight and energy consumption, enhancing efficiency.

✅ In June 2025, Toray Industries unveiled a new CFRTP resin system for automotive applications. The system offers improved impact resistance and recyclability, aligning with sustainable manufacturing goals.

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Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) are advanced materials made by combining strong carbon fibers with lightweight thermoplastic polymers. Known for their high strength-to-weight ratio, durability, and recyclability, CFRTPs are widely used in automotive, aerospace, sports, and industrial applications. They offer faster processing, design flexibility, and improved sustainability compared to traditional thermoset composites, making them a key material in next-generation lightweight engineering solutions.

Key Players:

-> BASF SE, Celanese Corporation, Dupont, Hexcel Corporation, Mitsubishi Chemical Corporation, PolyOne Corporation, SABIC, Solvay, SGL Carbon and Teijin Limited.

Growth Forecast Projected:

The Global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Material: Polyacrylonitrile (PAN)-Based CFRTP, Pitch-Based CFRTP, Others

By Resin: Polyether Ether Ktone, 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

Regional Analysis for Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?

A: In 2022, the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market was valued at US$ 3.4 billion i, reflecting its strong industry presence.

Q2: How large is the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market will grow to around US$ 7.6 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 10.6% during the forecast period from 2024 to 2031.

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