The global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) was valued at US$1.2 Billion in 2024 and is projected to reach US$1.9 Billion by 2030, growing at a CAGR of 7.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The production and application of CFRTPs have seen remarkable growth due to advancements in manufacturing technologies and process innovations. Techniques such as automated fiber placement (AFP), in-situ consolidation, and 3D printing have enabled more efficient and precise fabrication of complex composite structures. These manufacturing advancements have reduced production costs and cycle times, making CFRTPs more accessible for large-scale industrial applications. Additionally, the development of new thermoplastic resins with enhanced thermal and chemical properties has expanded the range of environments in which CFRTPs can be effectively utilized. This has led to their adoption in more demanding applications, including high-temperature aerospace components and chemically resistant industrial parts.
The growth in the Continuous Fiber-Reinforced Thermoplastic Composites market is driven by several factors, including the increasing demand for lightweight and high-performance materials, the push for greater sustainability, and technological advancements in manufacturing processes. The automotive and aerospace industries, in particular, are seeking materials that can reduce weight and improve fuel efficiency, which directly correlates with the demand for CFRTPs. Additionally, the growing emphasis on sustainability and recyclability has positioned CFRTPs as a preferable alternative to non-recyclable thermoset composites. Technological advancements in manufacturing processes, such as automated and additive manufacturing, have also enhanced the feasibility and cost-effectiveness of producing CFRTP components. These factors, coupled with ongoing research and development efforts to improve the properties and applications of CFRTPs, are driving the robust growth of this market, making it a key area of focus in the materials industry.
Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market - Key Trends & Drivers Summarized
Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) represent a significant advancement in materials science, combining the high strength and stiffness of continuous fibers, such as carbon or glass, with the durability and processability of thermoplastic matrices. These composites are increasingly used in various industries due to their superior mechanical properties, lightweight nature, and excellent resistance to corrosion and environmental degradation. CFRTPs are particularly valuable in applications where both high performance and reduced weight are critical, such as in aerospace, automotive, and sports equipment. The continuous fibers provide exceptional load-bearing capacity, while the thermoplastic matrix allows for reshaping and recycling, making CFRTPs a sustainable alternative to traditional thermoset composites.The production and application of CFRTPs have seen remarkable growth due to advancements in manufacturing technologies and process innovations. Techniques such as automated fiber placement (AFP), in-situ consolidation, and 3D printing have enabled more efficient and precise fabrication of complex composite structures. These manufacturing advancements have reduced production costs and cycle times, making CFRTPs more accessible for large-scale industrial applications. Additionally, the development of new thermoplastic resins with enhanced thermal and chemical properties has expanded the range of environments in which CFRTPs can be effectively utilized. This has led to their adoption in more demanding applications, including high-temperature aerospace components and chemically resistant industrial parts.
The growth in the Continuous Fiber-Reinforced Thermoplastic Composites market is driven by several factors, including the increasing demand for lightweight and high-performance materials, the push for greater sustainability, and technological advancements in manufacturing processes. The automotive and aerospace industries, in particular, are seeking materials that can reduce weight and improve fuel efficiency, which directly correlates with the demand for CFRTPs. Additionally, the growing emphasis on sustainability and recyclability has positioned CFRTPs as a preferable alternative to non-recyclable thermoset composites. Technological advancements in manufacturing processes, such as automated and additive manufacturing, have also enhanced the feasibility and cost-effectiveness of producing CFRTP components. These factors, coupled with ongoing research and development efforts to improve the properties and applications of CFRTPs, are driving the robust growth of this market, making it a key area of focus in the materials industry.
Scope of the Study
The report analyzes the Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Fiber Type (Glass Fiber, Carbon Fiber, Other Fiber Types); Application (Aerospace & Defense, Automotive, Sports Equipment, Wind Energy, Other Applications).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Glass Fiber segment, which is expected to reach US$801.4 Million by 2030 with a CAGR of a 7.7%. The Carbon Fiber segment is also set to grow at 8.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $353.0 Million in 2024, and China, forecasted to grow at an impressive 12.0% CAGR to reach $309.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Celanese Corporation, Dupont, Gurit Services AG, Hexel Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 65 major companies featured in this Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market report include:
- BASF SE
- Celanese Corporation
- Dupont
- Gurit Services AG
- Hexel Corporation
- Mitsubishi Chemical Corporation
- PlastiComp Inc
- Avient Corporation
- SGL Carbon
- Solvay S.A.
- Teijin Limited
- Toray Industries Inc.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Celanese Corporation
- Dupont
- Gurit Services AG
- Hexel Corporation
- Mitsubishi Chemical Corporation
- PlastiComp Inc
- Avient Corporation
- SGL Carbon
- Solvay S.A.
- Teijin Limited
- Toray Industries Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 424 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 1.9 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
