DataM Intelligence has published its detailed study, “Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market Size, Share, Industry Forecast & Outlook (2024-2031),” revealing that the global CFRTP market, valued at US$ 3.4 billion in 2022, is expected to grow at a CAGR of 10.6% during 2024-2031 and reach approximately US$ 7.6 billion by 2031. Growth is being propelled by rising demand from sectors such as automotive and aerospace, expanding interest in lightweight, strong, and recyclable composite materials, as well as increasing investment into production capacity and advanced thermoplastic resin technologies.

Market Segmentation Insights

The CFRTP market is segmented by material type, resin, product form, end-user industry, and region, reflecting the complexity and diversity of composite design and application. Material categories include PAN-based CFRTP, pitch-based, and others. Resin types span high-performance thermoplastics such as polyether ether ketone (PEEK), polyethersulfone, polyurethane, polyetherimide, and others. In terms of product form, the distinction between long carbon fiber and short carbon fiber types captures trade-offs between strength, manufacturability, and cost. End-users range across automotive & transportation, aerospace & defense, industrial uses, media & entertainment, healthcare, government & law enforcement, among others. Each segment responds differently to requirements for performance, weight reduction, durability, and manufacturability.

 Download your Sample Report Instantly - Corporate Email ID required for priority access:-         

https://www.datamintelligence.com/download-sample/carbon-fiber-reinforced-thermoplastic-composites-cfrtp-market?openpr-sv

Regional Insights

Asia-Pacific is identified as both the largest and fastest-growing region in the CFRTP market, driven by expanding automotive and aerospace manufacturing, supportive governmental policies, and investments in composite production facilities. North America follows, with strong demand due to high performance needs in aerospace, defense, and premium automotive sectors, along with growing interest in sustainable and lightweight materials. Europe is also a key region, particularly due to regulatory pressures related to emissions, fuel efficiency, and recyclability, which favor composites like CFRTP over heavier, traditional materials.

Industry Trends & Recent Developments

  • Short carbon fiber CFRTP compounds, especially those compatible with injection molding, are gaining traction because they allow more complex geometries and cost-effective production.

  • Resin innovation (e.g. PEEK, polyetherimide, polyethersulfone) is intensifying, aiming to improve strength, thermal resistance, and chemical durability.

  • There is increasing investment in pilot and production facilities: companies are scaling up capacity to meet demand, particularly in Asia-Pacific.

  • Recycling and material circularity are becoming more important, with R&D into recycling continuous carbon fiber, and exploring thermoplastic resins that enable easier reprocessing of composite parts.

Competitive Landscape: Key Players

Major global firms dominate the CFRTP market, combining strong product portfolios, advanced R&D, and broad geographic reach. Leading players include BASF SE, Celanese Corporation, DuPont, Hexcel Corporation, Mitsubishi Chemical Corporation, PolyOne Corporation, SABIC, Solvay, SGL Carbon, and Teijin Limited. These companies are investing heavily in new resin development, pilot lines, and technologies that support higher production rates, better performance (strength, weight, durability), and more sustainable materials. At the same time, specialized regional players are emerging, focusing on niche applications, localized supply chains, or more cost-competitive offerings.

Strategic Outlook

Going forward to 2031, the CFRTP market’s growth will be shaped by several strategic imperatives. Key among them will be enhancing the efficiency of manufacturing processes (e.g. faster cycle times, better tooling, improved molding methods), developing resins that deliver higher performance at lower cost, and expanding recyclability. Adoption by electric vehicles and mass market automotive applications, in addition to increased use in aerospace and defense, will be major levers. Sustainability trends, regulatory pressures related to emissions and lightweighting, and supply chain resilience will also influence strategies.

Research Process

The report’s conclusions are based on a combination of primary research (interviews with manufacturers, composite experts, end-users) and secondary research (company filings, trade data, academic and industry publications). Forecasts and market sizing have been validated through both top-down and bottom-up methodologies to ensure accuracy across segments, regions and applications.

Benefits of the Report

  • Provides reliable market size, growth projection, segmentation and trend analyses for CFRTP composites.

  • Offers insights into which materials, resins, and product forms are likely to grow fastest, enabling manufacturers to prioritize R&D and investments.

  • Helps end-users in automotive, aerospace, industrial, and other sectors plan for shifting material requirements (lighter weight, recyclability, strength, etc.).

  • Assists investors, policy makers, and supply chain players to understand competitive dynamics, geographic hotspots, and regulatory or sustainability pressures.

Conclusion

The CFRTP market stands on a strong growth path. Driven by automotive and aerospace demand, sustainability concerns, and technological advances in resins and manufacturing, the market is set to nearly double in size by 2031. While challenges remain—costs of carbon fiber, resin performance, manufacturing complexity, and recycling infrastructure—the opportunity is significant for firms that can innovate, scale, and align with both regulatory and environmental demands. With Asia-Pacific leading both in volume and growth rate, and North America and Europe pushing high-performance and sustainable applications, the global CFRTP landscape is becoming more dynamic, competitive, and critical for advanced material futures.

About Us

DataM Intelligence is a renowned market research and consulting firm offering end-to-end industry insights. With over 6,300 syndicated reports spanning 40+ sectors, we support businesses, investors, and policy makers to make informed, strategic decisions in rapidly changing markets.

Contact Us

Company Name: DataM Intelligence 4Market Research LLP
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: www.datamintelligence.com