Global carbon fiber reinforced thermoplastic composites market value 2023-2030

Published by
M. Garside
,
Mar 19, 2025

The global market for carbon fiber reinforced thermoplastic (CFRTP) composites had a value of some 6.4 billion U.S. dollars in 2023. It is forecast to increase to nearly 14 billion U.S. dollars by 2030.

CFRTP composites have important applications in the automotive and aerospace sectors because these materials have a lower weight and strong impact strength, among other desirable traits.

Market value of carbon fiber reinforced thermoplastic composites worldwide in 2023 with a forecast for 2030 (in billion U.S. dollars)

CharacteristicMarket value in billion U.S. dollars
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Showing entries 1 to 2 (2 entries in total)
Statistic: Market value of carbon fiber reinforced thermoplastic composites worldwide in 2023 with a forecast for 2030 (in billion U.S. dollars)

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Release date

2024

Region

Worldwide

Survey time period

2023

Supplementary notes

*Forecast based on a compound annual growth rate of 10.2 percent from 2024-2030.

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