Global CFRTP Market Size Study & Forecast, by Fiber Type, Resin Type, Manufacturing Process, Application, End-Use Industry, and Regional Forecasts 2025-2035

The Global CFRTP (Continuous Fiber Reinforced Thermoplastic) Market is valued at approximately USD 96.31 billion in 2024 and is projected to grow at a compelling CAGR of 10.90% during the forecast period of 2025 to 2035. CFRTP is a class of advanced composite materials distinguished by continuous fiber reinforcement embedded within a thermoplastic matrix, offering a combination of structural performance, durability, and lightweight properties. These materials have become the backbone of innovation in industries seeking to minimize weight while maximizing mechanical strength, corrosion resistance, and energy efficiency. A sharp uptick in demand is being witnessed across sectors such as automotive, aerospace, energy, construction, and consumer electronics-driven by the pressing need to transition from conventional metal components to high-performance composite alternatives.

One of the primary growth engines of the CFRTP market lies in the surging demand for lightweight materials that support fuel efficiency and carbon footprint reduction targets. Particularly in the automotive and aerospace industries, where regulatory pressures and consumer expectations are pushing the envelope of performance engineering, CFRTP offers a compelling value proposition. For instance, aircraft manufacturers are increasingly integrating CFRTPs into fuselage and interior components to achieve both fuel economy and regulatory compliance. On the automotive front, manufacturers are ramping up their usage of CFRTP-based components in structural modules, battery enclosures, and crash-resistant panels, thanks to its ability to absorb high impact energy while maintaining form under extreme temperatures. The versatility of thermoplastic resins in facilitating recyclability and faster processing is another factor steering growth in favor of CFRTPs.

Regionally, the global CFRTP market paints a diverse growth landscape. North America currently holds a substantial share, largely due to the region's matured aerospace industry, a thriving electric vehicle (EV) ecosystem, and robust R&D investments in lightweight composite technologies. Europe follows closely, buoyed by strong automotive manufacturing hubs in Germany, France, and the UK-regions where lightweight sustainability solutions are championed. However, the Asia Pacific region is poised to exhibit the fastest CAGR throughout the forecast period. This growth trajectory is attributed to increasing infrastructure investment, expanding production capacities, and supportive government initiatives in countries such as China, Japan, South Korea, and India. Additionally, rising energy demands and developments in wind energy projects are further stimulating CFRTP adoption across APAC markets.

Major market player included in this report are:

• BASF SE
• Toray Industries Inc.
• Mitsubishi Chemical Group Corporation
• Hexcel Corporation
• Solvay SA
• SABIC
• DuPont de Nemours, Inc.
• Teijin Limited
• Victrex plc
• Lanxess AG
• Celanese Corporation
• RTP Company
• Covestro AG
• PlastiComp Inc.
• Royal DSM N.V.

Global CFRTP Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Fiber Type:

• Carbon Fiber
• Glass Fiber
• Ceramic Fiber

By Resin Type:

• Epoxy Resin
• Phenolic Resin
• Thermoplastic Resin

By Manufacturing Process:

• Lay-up
• Prepreg
• Pultrusion
• Molding

By Application:

• Aerospace
• Automotive
• Energy
• Construction

By End-Use Industry:

• Automotive
• Aerospace & Defense
• Electronics
• Wind Energy

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.