Global carbon fiber reinforced thermoplastic composites market value 2023-2030

Published by
M. Garside,
Jun 23, 2025

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

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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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