Press release
Future of Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market to Reach US$ 7.6 billion by 2031, Asia-Pacific Leads 23% Market Share | Gloab Growth Projections
Credits of Image: https://www.plasticstoday.com/
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.
Request Executive Sample Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/carbon-fiber-reinforced-thermoplastic-composites-cfrtp-market?kb
United States: Recent Industry Developments
✅ February 2026: Toray Composite Materials America expanded production capacity for carbon fiber reinforced thermoplastic composites to meet rising demand from aerospace and defense sectors.
✅ January 2026: Hexcel Corporation introduced next-generation thermoplastic composite materials designed for lightweight automotive structural components.
✅ December 2025: Teijin Carbon America enhanced R&D efforts focused on recyclable thermoplastic composite solutions for sustainable mobility applications.
Japan: Recent Industry Developments
✅ February 2026: Toray Industries developed high-performance CFRTP materials optimized for electric vehicle battery enclosures and structural parts.
✅ January 2026: Mitsubishi Chemical Group advanced continuous fiber-reinforced thermoplastic composites for aircraft interior applications.
✅ December 2025: Teijin Limited collaborated with automotive OEMs to scale mass production of lightweight thermoplastic composite components.
Latest Mergers & Acquisitions (M&A)
• Hexcel Corporation announced the acquisition of a leading European CFRTP manufacturer to broaden its composite portfolio and strengthen aerospace market position, boosting thermoplastic composites capabilities.
Key Players:
BASF SE, Celanese Corporation, Dupont, Hexcel Corporation, Mitsubishi Chemical Corporation, PolyOne Corporation, SABIC, Solvay, SGL Carbon and Teijin Limited.
Growth Forecast Projections:
The Global Carbon Fiber Reinforced Thermoplastic Composites Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, 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.
Key Market Developments:
✅ February 2026: Global aerospace and electric vehicle manufacturers accelerated adoption of carbon fiber reinforced thermoplastic composites (CFRTP) to reduce vehicle weight, enhance fuel efficiency, and support carbon-neutral mobility targets.
✅ January 2026: Leading composite producers expanded high-volume production capacity for continuous fiber-reinforced thermoplastic laminates, improving recyclability and shortening processing cycles for automotive structural components.
✅ December 2025: Advancements in automated fiber placement (AFP) and tape laying technologies enhanced precision manufacturing of CFRTP parts, lowering waste and optimizing material utilization across aerospace and defense applications.
✅ November 2025: Companies strengthened supply chain partnerships to secure high-performance carbon fibers and bio-based thermoplastic resins, addressing sustainability goals and raw material volatility.
✅ October 2025: Integration of Industry 4.0 technologies, including AI-driven quality inspection and real-time process monitoring, improved production efficiency and defect reduction in composite molding operations.
✅ August 2025: Demand surged in the renewable energy sector, particularly for lightweight composite components in wind turbine blades and structural reinforcements, supporting durability and performance optimization.
✅ June 2025: Growing regulatory focus on lightweighting and emission reduction standards encouraged OEMs to replace traditional metals with recyclable thermoplastic composites in transportation and industrial equipment.
Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=carbon-fiber-reinforced-thermoplastic-composites-cfrtp-market?kb
Major Regional Growth Share:
✅ North America: 18% - Strong demand from aerospace, defense, and lightweight automotive manufacturing.
✅ Japan: 7% - Advanced composites adoption in automotive engineering and high-performance electronics.
✅ Europe: 20% - Driven by EV production, sustainability regulations, and aerospace innovation.
✅ United Kingdom: 5% - Growth supported by aerospace manufacturing and automotive R&D investments.
✅ South Korea: 6% - Expanding use in automotive lightweighting and electronics applications.
✅ Middle East & Africa: 8% - Emerging demand from construction, infrastructure, and industrial sectors.
✅ Germany: 9% - Key European hub for automotive composites and advanced material engineering.
✅ Canada: 4% - Steady adoption in aerospace and transportation sectors.
✅ Asia-Pacific: 23% - Dominates manufacturing volume, led by China, India, and regional automotive expansion.
Get Customization in the report as per your requirements: https://datamintelligence.com/customize/carbon-fiber-reinforced-thermoplastic-composites-cfrtp-market?kb
Key Segmentations:
By Material: Polyacrylonitrile (PAN)-Based CFRTP, Pitch-Based CFRTP, Others
By Resin: Polyether Ether Kettone, 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
Market Growth Drivers
• Lightweight Mobility Shift - Automakers and EV manufacturers adopt CFRTP to meet emission norms and extend vehicle range.
• Aerospace & Defense Demand - Aircraft, missiles, and defense systems leverage CFRTP for 20-30% weight reduction with high durability.
• Sustainability Push - Recyclable fibers and bio-based resins align with strict global emission and green energy regulations.
• Wind Energy Expansion - Longer, lighter turbine blades drive renewable energy efficiency and material demand.
• Manufacturing Innovations - Automated lay-up and advanced processing reduce costs and accelerate production cycles.
• Emerging Applications - Growing use in construction, marine, sports equipment, hydrogen storage, and 5G infrastructure.
Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?kb
✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future of Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market to Reach US$ 7.6 billion by 2031, Asia-Pacific Leads 23% Market Share | Gloab Growth Projections here
News-ID: 4402531 • Views: …
More Releases from DataM Intelligence 4 Market Research LLP
5G Fixed Wireless Access Market to Hit $288.9 Billion by 2030 Driven by Emerging …
The Global 5G Fixed Wireless Access (FWA) Market reached US$ 21.6 Billion in 2022 and is expected to reach US$ 288.9 Billion by 2030, growing with a CAGR of 38.6% during the forecast period 2023-2030.
DataM Intelligence unveils exclusive insights into the U.S. 5G Fixed Wireless Access Market 2026, highlighting accelerated deployment of next-generation connectivity solutions, increasing enterprise and residential adoption, and strong telecom investments to expand broadband access nationwide.
Download…
Non-Alcoholic Steatohepatitis Therapeutics and Diagnostics Market Size to Reach …
The Non Alcoholic Steatohepatitis Therapeutics and Diagnostics Market reached USD 8.26 billion in 2024 and is projected to reach USD 28.13 billion by 2033, growing at a CAGR of 16.8% during the forecast period 2025 to 2033. The market is expanding rapidly due to the rising global prevalence of obesity, type 2 diabetes, and metabolic syndrome, which are major risk factors for non alcoholic steatohepatitis.
Non alcoholic steatohepatitis is an advanced…
Automotive Inverter Market Set for Explosive Growth to USD 15,329.55 Million by …
Leander Texas -
Automotive Inverter Market Size was estimated at 3358.68 USD Million in 2024. The Automotive Inverter industry is projected to grow from 3855.76 USD Million in 2025 to 15329.55 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 14.8% during the forecast period 2025 - 2035.
The market is expanding due to rising EV adoption in the US and Japan, driven by electrification initiatives, major production…
Future of Aromatase Inhibitor Drug Class Market to Reach US$6.7 Billion by 2033, …
Market Size and Growth
aromatase inhibitor drug class market reached US$4.1 Billion in 2024, rising to US$4.3 Billion in 2025 and is expected to reach US$6.7 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
Request Executive Sample Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/aromatase-inhibitor-drug-class-market?kb
United States: Recent Industry Developments
✅ February 2026: Major pharmaceutical companies expanded clinical studies evaluating next-generation aromatase inhibitors for hormone receptor-positive breast cancer.
✅…
More Releases for CFRTP
CFRTP Prepreg Market Size And Global Industry Forecast 2034
"The global CFRTP (Carbon Fiber Reinforced Thermoplastic) prepreg market is valued at approximately $1.3 billion in 2024, with projections indicating a significant growth trajectory, targeting a market value of about $3.5 billion by 2034. This growth represents a compound annual growth rate (CAGR) of approximately 10.2% during the forecast period from 2025 to 2034."
Exactitude Consultancy., Ltd. released a research report titled "CFRTP Prepreg Market". This report covers the global CFRTP…
CFRTP Market to Develop Rapidly by 2031
Global CFRTP Market: Snapshot
Thermoplastic composites or CFRTP are generally based on resins that are made of polycarbonate and are the growing substitute of metal and different solutions of plastic composites. Various types of continuous fiber reinforced thermoplastic composites or CFRTP are being designed and developed by leading companies with features such as lightweight and thin in size that will help in advancing the solutions for the automotive, consumer goods,…
High Strength CFRTP Market Size, Share, Development by 2024
Global Info Research offers a latest published report on High Strength CFRTP Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global High Strength CFRTP players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the High Strength CFRTP with respect…
High Strength CFRTP Market: Competitive Dynamics & Global Outlook 2024
Market Research Report Store offers a latest published report on High Strength CFRTP Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the High Strength CFRTP market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in…
CFRTP Market - Future Scope Detailed Analysis to 2025
Global CFRTP Market: Snapshot
Thermoplastic composites or CFRTP are generally based on resins that are made of polycarbonate and are the growing substitute of metal and different solutions of plastic composites. Various types of continuous fiber reinforced thermoplastic composites or CFRTP are being designed and developed by leading companies with features such as lightweight and thin in size that will help in advancing the solutions for the automotive, consumer goods,…
CFRTP Market trends research and projections for 2017-2024
Global Market Insights has a new study based report titled "CFRTP Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024".
Order This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.
CFRTP Market size is mainly driven by the major…
