Carbon Fiber Reinforced Plastics

Carbon Fiber Reinforced Plastics
(CFRP) Market Report, 2026
Fiber reinforced composites finds its application in various fields of engineering
such as automotive, aerospace, and defense industries. Various advancements in
technology, have led to development of lightweight composites with high
tensile strength. Carbon fiber reinforced plastic, also referred to as carbon fiber
reinforced thermoplastics, and is manufactured by blending carbon fiber with
plastic, in order to enhance its strength. Carbon filaments produced from
polymers such as polyacrylonitrile (PAN), rayon, and petroleum pitch, are the
essential elements used in the manufacturing of CFRP.
These key attributes of CFRP allow for its incorporation in a wide range of
applications such as aerospace & defense, wind energy, automotive, sports
equipment, construction equipment, pipe & tanks, marine, electrical, and
electronics. Methods such as molding, vacuum bagging, compression bolding,
and filament winding are used in the manufacturing of CFRP.
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Prevalent Scenario in Carbon Fiber Reinforced Plastics Market
Carbon fiber reinforced plastics are extensively used in the aerospace industry
for manufacturing aircraft. Aircraft manufacturers such as Boeing and Airbus
are enormously investing in research and development activities as means of
manufacturing aircraft capable of withstanding high environmental stresses.
These aerospace applications are subject to high standards, stringent
compliances, and incur high licensing & inspection costs.
Fragmented Market
The global carbon fiber reinforced plastics market is highly fragmented due to
the presence of many established and emerging players in the CFRP market.
Major players involved in the market include Toray Industries Inc. (Japan),
Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group
(Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation
(U.S.).
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Carbon Fiber Reinforced Plastics (CFRP) Market report categorizes global market by raw material type, resin type, manufacturing process, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024