Published by Coherent Market Insights
Posted on October 10, 2021
3 min readLast updated: January 29, 2026
The CFRP market is set to grow from $11,781M to $20,284M by 2022, driven by demand in aerospace and automotive sectors.
CFRP Market (Carbon Fiber Reinforced Plastic Market) was valued at $11,781 million, and is expected to reach $20,284 million by 2022, supported by a CAGR of 8.1%.
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.
A detailed report on Global Carbon Fiber Reinforced Plastics (CFRP) Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Carbon Fiber Reinforced Plastics (CFRP) market: Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.).
Regional Analysis For Carbon Fiber Reinforced Plastics (CFRP) Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Carbon Fiber Reinforced Plastics (CFRP) market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
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.
Key Developments
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The post Carbon Fiber Reinforced Plastics (CFRP) market $20,284 million Growth Expected In Frozen Yogurt market During 2021-2025 appeared first on Gatorledger.
The article discusses the growth of the Carbon Fiber Reinforced Plastics (CFRP) market, projected to reach $20,284 million by 2025.
What industries are driving the growth of the CFRP market? The automotive, aerospace, and defense industries are key drivers.
Who are the major players in the CFRP market? Key players include Toray Industries, Teijin Limited, and Mitsubishi Rayon.
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