Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market is expected to reach US$ 7.6 billion by 2031, Market Size, Share, Industry, Forecast and Outlook.

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.
The Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market is growing due to rising demand for lightweight, high-strength materials in automotive, aerospace, and electronics industries. Increasing fuel-efficiency regulations, faster processing cycles vs. thermosets, and expanding use in EV components are further accelerating market adoption globally.

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United States: Key Industry Developments
✅ May 2025: A U.S. automotive supplier announced they are piloting CFRTP components for next-generation electric vehicle (EV) chassis to reduce vehicle weight and improve efficiency.

✅ March 2025: A composite-materials start-up reportedly expanded its production line for high-performance thermoplastic composites, including CFRTP for aerospace and industrial applications - signaling growing demand beyond traditional uses.

Japan: Key Industry Developments
✅ June 2025: A Japanese materials firm disclosed plans to increase domestic manufacturing capacity for carbon-fibre reinforced thermoplastics to support growing orders from automotive and electronics sectors.

✅ February 2025: Japanese automaker partners unveiled a concept vehicle using CFRTP structural and interior parts - a demonstration of CFRTP usability in mainstream vehicles, hinting at broader commercial adoption.

Recent M&A :-
→ L3Harris Expansion: L3Harris initiated a significant expansion of facilities in Arkansas in November 2025, specifically to boost industrial capacity for composites-intensive solid rocket motor production. This represents major organic growth and investment in composite material manufacturing capacity within the defense sector rather than an acquisition.

→ Hycco & H3 Dynamics Joint Venture: In November 2025, Hycco and H3 Dynamics formed a joint venture specifically targeting fuel cell and hydrogen power applications for long-range electric flight. This strategic alliance focuses on developing advanced materials (likely composites for lightweighting) for the advanced air mobility sector.

→ General Industry Sentiment (Q3 2025): Reports released in October 2025 indicated that M&A activity across the broader technology and industrial sectors, including materials R&D, remained robust throughout Q3 2025, driven by lower financing costs and the pursuit of AI-driven investment opportunities. The CompositesWorld publication noted that composites are "bucking the market trend in M&A," suggesting a healthy, active M&A environment within the industry.

→ Toray & SGL Capacity Expansions: Throughout 2025, major market players like Toray Industries and SGL Group focused heavily on expanding their production capacity globally to meet rising demand rather than engaging in high-profile M&A in the last quarter.

Why Purchase the Report?
→ To visualize the global carbon fiber reinforced thermoplastic composites (CFRTP) market segmentation based on Material, Resin, Product, Application and region, as well as understand key commercial assets and players.
→ Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of carbon fiber reinforced thermoplastic composites (CFRTP) market-level with all segments.
→ PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
→ Material mapping available as excel consisting of key products of all the major players.
→ The global carbon fiber reinforced thermoplastic composites (CFRTP) market report would provide approximately 69 tables, 72 figures and 201 Pages.

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Market Segmentation-

Segmentation by Resin Type
→ PEEK: This high-performance resin offers exceptional mechanical strength, chemical resistance, and suitability for high-temperature environments, making it ideal for demanding aerospace and automotive applications. It dominated the market with the largest revenue share of 38.5% in 2024. PEEK-based CFRTPs benefit from recyclability and compatibility with automated manufacturing.​

→ Polyamide (PA): Known for cost-effectiveness, versatility, and a balance of strength and flexibility, PA is increasingly used in consumer electronics, automotive interiors, and lightweight structural parts. It is projected to grow at the fastest CAGR of 21.2% from 2025 to 2032. Demand rises for under-the-hood components in mass-market industries.​

→ Polycarbonate (PC): This resin provides impact resistance and transparency, suitable for applications requiring durability and optical clarity like electronics and protective components. Specific market share data is limited, but it forms a key part of the diverse resin portfolio alongside PEEK and PA.​

→ Polyphenylene Sulfide (PPS): Offering high thermal stability and flame resistance, PPS targets electrical, industrial, and harsh-environment uses. It contributes to the overall resin segmentation without a specified dominant share in recent data.​

Segmentation by Product Type
→ Continuous Carbon Fiber: Delivers superior strength-to-weight ratio and stiffness for high-performance structural components in aerospace fuselages, automotive body panels, and sports equipment. It led with a 44.7% revenue share in 2024. Adoption drives performance in premium sectors.​

→ Long Carbon Fiber: Provides enhanced impact resistance and load distribution for semi-structural automotive and industrial parts, bridging cost and durability. It is expected to grow at the fastest CAGR of 20.8% from 2025 to 2032. Expansion targets broader applications beyond high-end uses.​

→ Short Carbon Fiber: Offers processability for non-structural parts like consumer durables and electronics, prioritizing affordability over maximum strength. It holds a smaller share compared to continuous and long fibers due to lower performance demands.

Regional insights:-
→ North America -33% market share
North America (led by the U.S.) is a major CFRTP revenue hub due to strong aerospace, defense and EV/automotive adoption; advanced manufacturing and R&D investments keep the region competitive for high-performance thermoplastic composite applications.

→ Asia-Pacific - 43% market share
Asia-Pacific is the largest and fastest-growing region, driven by China's large-scale carbon-fiber capacity, Japan and South Korea's high-grade composite manufacturing, and rapid EV, wind and electronics demand across the region.

→ Europe -20% market share
Europe shows steady CFRTP uptake concentrated in Germany, France and the UKmainly in automotive and aerospace-supported by recyclability and regulatory initiatives that favor thermoplastic substitution and circular-economy R&D.

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Competitive Landscape
→ The major global players in the market include BASF SE, Celanese Corporation, Dupont, Hexcel Corporation, Mitsubishi Chemical Corporation, PolyOne Corporation, SABIC, Solvay, SGL Carbon and Teijin Limited.

Russia-Ukraine War Impact Analysis
→ Russia and Ukraine are both important players in the global raw material supply chain. Any disruption in the supply of important raw materials (such as particular polymers, additives or components required in CFRTP manufacture) from these countries could impact global CFRTP manufacturing, resulting in supply shortages or price increases.

→ Geopolitical tensions can cause market instability and undermine investor confidence. Uncertainty frequently leads to conservative spending and investment decisions, which may have an impact on the growth and expansion plans of CFRTP manufacturers and users in Europe and globally. Economic sanctions or trade restrictions implemented as a result of geopolitical tensions can have an impact on bilateral economic relations. It could have an influence on the import/export of CFRTP materials.

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