Global Carbon Fiber Reinforced Plastic Market Size & Outlook
Global carbon fiber reinforced plastic market, 2021-2033 (US$M)
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Global carbon fiber reinforced plastic market highlights
- The global carbon fiber reinforced plastic market generated a revenue of USD 19,266.3 million in 2024 and is expected to reach USD 43,656.6 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 9.2% by 2033.
- In terms of segment, pan-based accounted for a revenue of USD 20,958.7 million in 2024.
- PAN-based is the most lucrative material type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Spain is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 19,266.3 million |
| Market revenue in 2033 | USD 43,656.6 million |
| Growth rate | 9.2% (CAGR from 2025 to 2033) |
| Largest segment | Pan-based |
| Fastest growing segment | PAN-based |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAN-based, Pitch-based |
Other key industry trends
- In terms of revenue, the North America accounted for 39.0% of the global carbon fiber reinforced plastic market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, Spain is the fastest growing regional market and is projected to reach USD 660.8 million by 2033.
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Carbon Fiber Reinforced Plastic Market Scope
Carbon Fiber Reinforced Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hyosung Corporation | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hyosung.com |
| DowAksa | View profile | 101-250 | Istanbul, Istanbul, Turkey, Europe | http://www.dowaksa.com/ |
| Cytec Industries | View profile | 1001-5000 | Little Falls, New Jersey, United States, North America | http://cytec.com |
| SGL Group | View profile | 11-50 | Adelaide, South Australia, Australia, Oceania | https://www.sglgroup.net |
| Gurit | View profile | 5001-10000 | Zürich, Zurich, Switzerland, Europe | http://www.gurit.com/ |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Mitsubishi Rayon | View profile | 5001-10000 | Tokyo, Tokyo, Japan, Asia | http://www.mitsubishichem-hd.co.jp/english/group/group_outline/rayon.html |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
Global carbon fiber reinforced plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon fiber reinforced plastic market will help companies and investors design strategic landscapes.
Pan-based was the largest segment with a revenue share of 108.78% in 2024. Horizon Databook has segmented the Global carbon fiber reinforced plastic market based on pan-based, pitch-based covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Carbon Fiber Reinforced Plastic Material Type Outlook (Revenue, USD Million, 2021-2033)
- PAN-based
- Pitch-based
- Global Carbon Fiber Reinforced Plastic Product Outlook (Revenue, USD Million, 2021-2033)
- Thermosetting CFRP
- Thermoplastic CFRP
- Global Carbon Fiber Reinforced Plastic Application Outlook (Revenue, USD Million, 2021-2033)
- Automotive
- Aerospace
- Wind Turbines
- Sport Equipment
- Molding & Compounding
- Construction
- Pressure Vessels
- Other Applications
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Our clientele includes a mix of carbon fiber reinforced plastic market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon fiber reinforced plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon fiber reinforced plastic market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global carbon fiber reinforced plastic market size, by regions, 2021-2033 (US$M)
Top 10 countries: Carbon fiber reinforced plastic market size, 2024 (US$M)
Global carbon fiber reinforced plastic market share, by material type, 2024 & 2033 (%, US$M)
Carbon fiber reinforced plastic market: Opportunity assessment by country
Global carbon fiber reinforced plastic market, by region, 2024 (US$M)
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