What is CF & CFRP?

The CF & CFRP market encompasses carbon fiber (CF) and carbon fiber reinforced polymers (CFRP), engineered composite materials known for exceptional strength-to-weight ratios, stiffness, fatigue resistance, and thermal performance. These advanced materials are used in critical structural applications across aerospace, automotive, energy, and industrial sectors to reduce weight, enhance durability, and improve overall system efficiency.

This market is transforming how industries approach material design. New resin systems and fiber innovations are expanding the use cases of CFRPs. Their easy adaptability into automated manufacturing systems (e.g., AFP, ATL) streamlines integration. With inherently safe fatigue and corrosion-resistant properties, CFRP structures deliver longevity with minimal maintenance. The big opportunity lies in lightweighting and decarbonization strategies across transportation and infrastructure sectors, making them indispensable in future-focused applications.

Market Size:

CF & CFRP Market was valued at USD 37.73 billion in 2024 and is projected to reach a market size of USD 76.48 billion by 2030 at a CAGR of 12.5%.

Key Market Players

•    Toray Industries Inc.
•    Hyosung Advanced Materials
•    Zhongfu Shenying Carbon Co., Ltd.
•    Kureha Corporation
•    DowAksa
•    Jilin Chemical Fiber Group Co., Ltd.
•    Teijin Limited
•    Mitsubishi Chemical Corporation
•    Hexcel Corporation
•    Solvay
•    SGL Carbon
•    Jiangsu Hengshen Co., Ltd.

Case Study:

Hexcel’s partnership with aerospace OEMs showcases its advanced resin matrix systems used in next-gen commercial aircraft wings, delivering 20% structural weight savings and reduced fuel consumption—positioning it as a leader in structural composites innovation.

Market Dynamics & Popularity:

CFRPs are gaining traction in EVs, UAVs, and wind energy. Over 400 active patents were filed last year, and CFRPs are now standard in >70% of new aircraft structures. OEMs and Tier-1 suppliers are increasingly adopting composite-intensive platforms to meet emissions and efficiency targets.

Market Segmentation:

By Type

•    Thermoset CFRP
o    Epoxy Resin-Based CFRP
o    Polyester Resin-Based CFRP
o    Vinyl Ester Resin-Based CFRP

•    Thermoplastic CFRP
o    Polyetheretherketone (PEEK) Based CFRP
o    Polyphenylene Sulfide (PPS) Based CFRP
o    Polyamide (PA) Based CFRP

•    Carbon Fiber
o    PAN-Based Carbon Fiber
o    Pitch-Based Carbon Fiber
o    Rayon-Based Carbon Fiber

By End User

•    Aerospace & Defense
•    Automotive
•    Wind Energy
•    Sporting Goods
•    Civil Engineering & Construction
•    Marine
•    Electrical & Electronics
•    Industrial Equipment
•    Others

What’s in It for You?

•    Uncover high-growth verticals for tailored material innovation
•    Analyze supply chain integration trends in composite manufacturing
•    Identify acquisition targets or joint venture opportunities across CFRP ecosystems
•    Track technology adoption curves and material qualification standards
•    Benchmark competitive resin-fiber system innovations and IP strategy
•    Evaluate customer specification trends for automotive, aerospace, and energy applications