탄소섬유 강화 플라스틱 시장 성장 요인

Growth Factors of carbon fiber reinforced plastic (CFRP) Market

The global carbon fiber reinforced plastic (CFRP) market is experiencing robust growth, driven by rising demand for lightweight, high-strength materials across aerospace, automotive, wind energy, and construction industries. In 2024, the global carbon fiber reinforced plastic market size was valued at USD 18.92 billion. The market is projected to expand to USD 20.72 billion in 2025 and further reach USD 38.02 billion by 2032, registering strong growth during the forecast period.

Carbon fiber reinforced plastic is a high-performance composite material formed by embedding carbon fibers into a polymer matrix, most commonly epoxy resin. This combination results in exceptional mechanical strength, stiffness, corrosion resistance, and a superior strength-to-weight ratio. These properties make CFRP an essential material for applications requiring durability and weight reduction, especially in transportation and energy sectors.

Market Growth Drivers

The aerospace industry remains the most significant growth driver for the carbon fiber reinforced plastic market. Aircraft manufacturers increasingly rely on CFRP to reduce structural weight and enhance fuel efficiency. Modern aircraft platforms extensively use composite materials in fuselages, wings, and structural components. Reducing aircraft weight translates directly into lower fuel consumption, reduced emissions, and long-term operational cost savings, making CFRP indispensable for commercial and defense aviation programs.

The automotive sector is another major contributor to market growth. Stringent emission regulations and the global shift toward electric vehicles are accelerating lightweighting strategies. Carbon fiber reinforced plastic is increasingly adopted in body panels, battery enclosures, chassis parts, and crash structures to offset heavy battery systems while improving performance and safety.

Additionally, wind energy expansion, particularly in Asia Pacific, is driving demand. CFRP enables the manufacturing of longer and lighter wind turbine blades, improving efficiency and power output. Growing renewable energy investments globally are strengthening the role of CFRP in the energy transition.

Market Trends

A key trend shaping the carbon fiber reinforced plastic market is the integration of advanced manufacturing technologies. Innovations such as automated fiber placement, rapid-cure resins, and improved molding techniques are reducing production cycle times and increasing scalability. These advancements are gradually lowering costs and expanding CFRP adoption beyond premium applications.

Another important trend is the rising focus on electric vehicles and emission reduction. CFRP adoption is expanding from luxury and sports vehicles into broader EV platforms, particularly in Asia Pacific and Europe. Asia Pacific witnessed CFRP market growth from USD 5.88 billion in 2023 to USD 6.50 billion in 2024, reflecting strong regional momentum.

Market Restraints

Despite strong growth prospects, the market faces challenges related to high production costs and technical complexities. Carbon fiber itself accounts for a significant portion of total CFRP cost, while energy-intensive manufacturing processes further increase expenses. These factors limit adoption in cost-sensitive, high-volume applications.

Additionally, complex repair and recycling processes hinder widespread use. CFRP recycling remains technically challenging, and recovered fibers often exhibit reduced mechanical performance, creating sustainability concerns as environmental standards tighten globally.

Market Opportunities

The rapid growth of electric vehicles and high-performance automobiles presents a major opportunity. As automakers seek to improve driving range and efficiency, CFRP is increasingly used to reduce overall vehicle weight without compromising structural integrity. The material also enhances crash protection, addressing safety requirements in EV platforms.

Innovation in cost-efficient manufacturing and recycling technologies is expected to further expand CFRP adoption. Ongoing research aimed at improving recyclability and circular economy solutions is opening new growth avenues across industries.

Segmentation Insights

By type, polyacrylonitrile (PAN)-based CFRP dominated the market, owing to its favorable balance of cost and mechanical performance. PAN-based fibers are widely used across automotive and aerospace applications. Petroleum pitch-based CFRP, while smaller in share, remains critical for high-modulus and thermal management applications.

By resin type, thermosetting resins held the largest market share due to their superior mechanical properties and widespread use in aerospace and wind turbine applications. Thermoplastic CFRP is gaining traction, particularly in automotive manufacturing, due to faster processing times and recyclability.

By application, aerospace accounted for the largest market share, followed by automotive and wind turbines. In China, the wind turbines segment alone is estimated to account for 12.7% of the market in 2024, highlighting strong renewable energy demand.

Regional Outlook

Asia Pacific dominated the global carbon fiber reinforced plastic market in 2024, holding a 34.36% market share with a regional value of USD 6.50 billion. China leads the region, supported by wind energy deployment, automotive electrification, and domestic aerospace manufacturing. Japan and South Korea contribute through advanced manufacturing and industrial applications.

North America is driven by aerospace demand, defense programs, and infrastructure modernization. Europe benefits from strict emission regulations, strong automotive lightweighting initiatives, and wind energy leadership. Latin America and the Middle East & Africa show steady growth, supported by infrastructure development and industrial expansion.

Competitive Landscape

The carbon fiber reinforced plastic market is moderately consolidated, with key players focusing on capacity expansion, automation, sustainability initiatives, and strategic partnerships. Leading companies are investing in thermoplastic composites, recycling technologies, and high-rate manufacturing to meet growing demand through 2032.

Segmentation By Type

• Polyacrylonitrile (PAN)
• Petroleum Pitch

By Resin Type

• Thermosetting
• Thermoplastic

By Application

• Automotive
• Electronics
• Aerospace
• Wind Turbines
• Sports Equipment
• Construction
• Others

By Geography

• North America (By Type, By Resin Type, By Application, By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, By Resin Type, By Application, By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Type, By Resin Type, By Application, By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Type, By Resin Type, By Application, By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Type, By Resin Type, By Application, By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Market Trends in the Global Market
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .
• 4.3. Latest Technological Advancement
• 4.4. Insights on Sustainability
• 4.5. Porters Five Forces Analysis
• 4.6. Impact of Tariffs
• 4.7. Price Trend Analysis

5. Global Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Type
  • 5.2.1. Polyacrylonitrile (PAN)
  • 5.2.2. Petroleum Pitch
• 5.3. By Resin Type
  • 5.3.1. Thermosetting
  • 5.3.2. Thermoplastic
• 5.4. By Application
  • 5.4.1. Automotive
  • 5.4.2. Electronics
  • 5.4.3. Aerospace
  • 5.4.4. Wind Turbines
  • 5.4.5. Sports Equipment
  • 5.4.6. Construction
  • 5.4.7. Others
• 5.5. By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Latin America
  • 5.5.5. Middle East & Africa

6. North America Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Type
  • 6.2.1. Polyacrylonitrile (PAN)
  • 6.2.2. Petroleum Pitch
• 6.3. By Resin Type
  • 6.3.1. Thermosetting
  • 6.3.2. Thermoplastic
• 6.4. By Application
  • 6.4.1. Automotive
  • 6.4.2. Electronics
  • 6.4.3. Aerospace
  • 6.4.4. Wind Turbines
  • 6.4.5. Sports Equipment
  • 6.4.6. Construction
  • 6.4.7. Others
• 6.5. By Country
  • 6.5.1. U.S.
    • 6.5.1.1. By Application
      • 6.5.1.1.1. Automotive
      • 6.5.1.1.2. Electronics
      • 6.5.1.1.3. Aerospace
      • 6.5.1.1.4. Wind Turbines
      • 6.5.1.1.5. Sports Equipment
      • 6.5.1.1.6. Construction
      • 6.5.1.1.7. Others
  • 6.5.2. Canada
    • 6.5.2.1. By Application
      • 6.5.2.1.1. Automotive
      • 6.5.2.1.2. Electronics
      • 6.5.2.1.3. Aerospace
      • 6.5.2.1.4. Wind Turbines
      • 6.5.2.1.5. Sports Equipment
      • 6.5.2.1.6. Construction
      • 6.5.2.1.7. Others

7. Europe Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Type
  • 7.2.1. Polyacrylonitrile (PAN)
  • 7.2.2. Petroleum Pitch
• 7.3. By Resin Type
  • 7.3.1. Thermosetting
  • 7.3.2. Thermoplastic
• 7.4. By Application
  • 7.4.1. Automotive
  • 7.4.2. Electronics
  • 7.4.3. Aerospace
  • 7.4.4. Wind Turbines
  • 7.4.5. Sports Equipment
  • 7.4.6. Construction
  • 7.4.7. Others
• 7.5. By Country
  • 7.5.1. Germany
    • 7.5.1.1. By Application
      • 7.5.1.1.1. Automotive
      • 7.5.1.1.2. Electronics
      • 7.5.1.1.3. Aerospace
      • 7.5.1.1.4. Wind Turbines
      • 7.5.1.1.5. Sports Equipment
      • 7.5.1.1.6. Construction
      • 7.5.1.1.7. Others
  • 7.5.2. U.K.
    • 7.5.2.1. By Application
      • 7.5.2.1.1. Automotive
      • 7.5.2.1.2. Electronics
      • 7.5.2.1.3. Aerospace
      • 7.5.2.1.4. Wind Turbines
      • 7.5.2.1.5. Sports Equipment
      • 7.5.2.1.6. Construction
      • 7.5.2.1.7. Others
  • 7.5.3. France
    • 7.5.3.1. By Application
      • 7.5.3.1.1. Automotive
      • 7.5.3.1.2. Electronics
      • 7.5.3.1.3. Aerospace
      • 7.5.3.1.4. Wind Turbines
      • 7.5.3.1.5. Sports Equipment
      • 7.5.3.1.6. Construction
      • 7.5.3.1.7. Others
  • 7.5.4. Italy
    • 7.5.4.1. By Application
      • 7.5.4.1.1. Automotive
      • 7.5.4.1.2. Electronics
      • 7.5.4.1.3. Aerospace
      • 7.5.4.1.4. Wind Turbines
      • 7.5.4.1.5. Sports Equipment
      • 7.5.4.1.6. Construction
      • 7.5.4.1.7. Others
  • 7.5.5. Rest of Europe
    • 7.5.5.1. By Application
      • 7.5.5.1.1. Automotive
      • 7.5.5.1.2. Electronics
      • 7.5.5.1.3. Aerospace
      • 7.5.5.1.4. Wind Turbines
      • 7.5.5.1.5. Sports Equipment
      • 7.5.5.1.6. Construction
      • 7.5.5.1.7. Others

8. Asia-Pacific Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Type
  • 8.2.1. Polyacrylonitrile (PAN)
  • 8.2.2. Petroleum Pitch
• 8.3. By Resin Type
  • 8.3.1. Thermosetting
  • 8.3.2. Thermoplastic
• 8.4. By Application
  • 8.4.1. Automotive
  • 8.4.2. Electronics
  • 8.4.3. Aerospace
  • 8.4.4. Wind Turbines
  • 8.4.5. Sports Equipment
  • 8.4.6. Construction
  • 8.4.7. Others
• 8.5. By Country
  • 8.5.1. China
    • 8.5.1.1. By Application
      • 8.5.1.1.1. Automotive
      • 8.5.1.1.2. Electronics
      • 8.5.1.1.3. Aerospace
      • 8.5.1.1.4. Wind Turbines
      • 8.5.1.1.5. Sports Equipment
      • 8.5.1.1.6. Construction
      • 8.5.1.1.7. Others
  • 8.5.2. Japan
    • 8.5.2.1. By Application
      • 8.5.2.1.1. Automotive
      • 8.5.2.1.2. Electronics
      • 8.5.2.1.3. Aerospace
      • 8.5.2.1.4. Wind Turbines
      • 8.5.2.1.5. Sports Equipment
      • 8.5.2.1.6. Construction
      • 8.5.2.1.7. Others
  • 8.5.3. India
    • 8.5.3.1. By Application
      • 8.5.3.1.1. Automotive
      • 8.5.3.1.2. Electronics
      • 8.5.3.1.3. Aerospace
      • 8.5.3.1.4. Wind Turbines
      • 8.5.3.1.5. Sports Equipment
      • 8.5.3.1.6. Construction
      • 8.5.3.1.7. Others
  • 8.5.4. South Korea
    • 8.5.4.1. By Application
      • 8.5.4.1.1. Automotive
      • 8.5.4.1.2. Electronics
      • 8.5.4.1.3. Aerospace
      • 8.5.4.1.4. Wind Turbines
      • 8.5.4.1.5. Sports Equipment
      • 8.5.4.1.6. Construction
      • 8.5.4.1.7. Others
  • 8.5.5. Rest of Asia-Pacific
    • 8.5.5.1. By Application
      • 8.5.5.1.1. Automotive
      • 8.5.5.1.2. Electronics
      • 8.5.5.1.3. Aerospace
      • 8.5.5.1.4. Wind Turbines
      • 8.5.5.1.5. Sports Equipment
      • 8.5.5.1.6. Construction
      • 8.5.5.1.7. Others

9. Latin America Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Type
  • 9.2.1. Polyacrylonitrile (PAN)
  • 9.2.2. Petroleum Pitch
• 9.3. By Resin Type
  • 9.3.1. Thermosetting
  • 9.3.2. Thermoplastic
• 9.4. By Application
  • 9.4.1. Automotive
  • 9.4.2. Electronics
  • 9.4.3. Aerospace
  • 9.4.4. Wind Turbines
  • 9.4.5. Sports Equipment
  • 9.4.6. Construction
  • 9.4.7. Others
• 9.5. By Country
  • 9.5.1. Brazil
    • 9.5.1.1. By Application
      • 9.5.1.1.1. Automotive
      • 9.5.1.1.2. Electronics
      • 9.5.1.1.3. Aerospace
      • 9.5.1.1.4. Wind Turbines
      • 9.5.1.1.5. Sports Equipment
      • 9.5.1.1.6. Construction
      • 9.5.1.1.7. Others
  • 9.5.2. Mexico
    • 9.5.2.1. By Application
      • 9.5.2.1.1. Automotive
      • 9.5.2.1.2. Electronics
      • 9.5.2.1.3. Aerospace
      • 9.5.2.1.4. Wind Turbines
      • 9.5.2.1.5. Sports Equipment
      • 9.5.2.1.6. Construction
      • 9.5.2.1.7. Others
  • 9.5.3. Rest of Latin America
    • 9.5.3.1. By Application
      • 9.5.3.1.1. Automotive
      • 9.5.3.1.2. Electronics
      • 9.5.3.1.3. Aerospace
      • 9.5.3.1.4. Wind Turbines
      • 9.5.3.1.5. Sports Equipment
      • 9.5.3.1.6. Construction
      • 9.5.3.1.7. Others

10. Middle East & Africa Carbon Fiber Reinforced Plastic Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. By Type
  • 10.2.1. Polyacrylonitrile (PAN)
  • 10.2.2. Petroleum Pitch
• 10.3. By Resin Type
  • 10.3.1. Thermosetting
  • 10.3.2. Thermoplastic
• 10.4. By Application
  • 10.4.1. Automotive
  • 10.4.2. Electronics
  • 10.4.3. Aerospace
  • 10.4.4. Wind Turbines
  • 10.4.5. Sports Equipment
  • 10.4.6. Construction
  • 10.4.7. Others
• 10.5. By Country
  • 10.5.1. GCC
    • 10.5.1.1. By Application
      • 10.5.1.1.1. Automotive
      • 10.5.1.1.2. Electronics
      • 10.5.1.1.3. Aerospace
      • 10.5.1.1.4. Wind Turbines
      • 10.5.1.1.5. Sports Equipment
      • 10.5.1.1.6. Construction
      • 10.5.1.1.7. Others
  • 10.5.2. South Africa
    • 10.5.2.1. By Application
      • 10.5.2.1.1. Automotive
      • 10.5.2.1.2. Electronics
      • 10.5.2.1.3. Aerospace
      • 10.5.2.1.4. Wind Turbines
      • 10.5.2.1.5. Sports Equipment
      • 10.5.2.1.6. Construction
      • 10.5.2.1.7. Others
  • 10.5.3. Rest of Middle East & Africa
    • 10.5.3.1. By Application
      • 10.5.3.1.1. Automotive
      • 10.5.3.1.2. Electronics
      • 10.5.3.1.3. Aerospace
      • 10.5.3.1.4. Wind Turbines
      • 10.5.3.1.5. Sports Equipment
      • 10.5.3.1.6. Construction
      • 10.5.3.1.7. Others

11. Company Profiles

• 11.1. Market Ranking Analysis, By Key Players 2024
• 11.2. Company Profiles
• 11.3. Hexcel Corporation
  • 11.3.1. Overview
  • 11.3.2. Description
  • 11.3.3. Product Portfolio
  • 11.3.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.3.5. Recent DevelopHouseholdts
• 11.4. TORAY INDUSTRIES, INC.
  • 11.4.1. Overview
  • 11.4.2. Description
  • 11.4.3. Product Portfolio
  • 11.4.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.4.5. Recent DevelopHouseholdts
• 11.5. SGL Carbon
  • 11.5.1. Overview
  • 11.5.2. Description
  • 11.5.3. Product Portfolio
  • 11.5.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.5.5. Recent DevelopHouseholdts
• 11.6. Mitsubishi Chemical Group Corporation.
  • 11.6.1. Overview
  • 11.6.2. Description
  • 11.6.3. Product Portfolio
  • 11.6.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.6.5. Recent DevelopHouseholdts
• 11.7. TEIJIN LIMITED.
  • 11.7.1. Overview
  • 11.7.2. Description
  • 11.7.3. Product Portfolio
  • 11.7.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.7.5. Recent DevelopHouseholdts
• 11.8. Solvay
  • 11.8.1. Overview
  • 11.8.2. Description
  • 11.8.3. Product Portfolio
  • 11.8.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.8.5. Recent DevelopHouseholdts
• 11.9. Formosa Plastics
  • 11.9.1. Overview
  • 11.9.2. Description
  • 11.9.3. Product Portfolio
  • 11.9.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.9.5. Recent DevelopHouseholdts
• 11.10. DowAksa
  • 11.10.1. Overview
  • 11.10.2. Description
  • 11.10.3. Product Portfolio
  • 11.10.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.10.5. Recent DevelopHouseholdts
• 11.11. Zhongfu Carbon Fiber Core Cable Technology Co., Ltd
  • 11.11.1. Overview
  • 11.11.2. Description
  • 11.11.3. Product Portfolio
  • 11.11.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.11.5. Recent DevelopHouseholdts
• 11.12. HS HYOSUNG ADVANCED MATERIALS
  • 11.12.1. Overview
  • 11.12.2. Description
  • 11.12.3. Product Portfolio
  • 11.12.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.12.5. Recent DevelopHouseholdts

12. Strategic Recommendations