Carbon Fiber Reinforced Plastic (CFRP) Market Report 2026

The carbon fiber reinforced plastic (cfrp) market size has grown rapidly in recent years. It will grow from $14.93 billion in 2025 to $16.5 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing aerospace composite utilization, advancements in polymer resin technologies, rising adoption in high-performance sports equipment, growth in defense material applications, availability of pan-based carbon fibers.

The carbon fiber reinforced plastic (cfrp) market size is expected to see rapid growth in the next few years. It will grow to $24.24 billion in 2030 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing demand from electric vehicle manufacturing, expansion of renewable energy infrastructure, rising focus on recyclable composite materials, growing adoption in construction reinforcement, increasing investments in advanced composite processing. Major trends in the forecast period include increasing adoption of cfrp in lightweight structures, rising demand for high strength-to-weight materials, growing use of thermoplastic cfrp solutions, expansion of cfrp applications in automotive and aerospace, enhanced focus on structural performance.

The expansion of the construction industry is expected to drive the growth of the carbon fiber-reinforced plastic market in the coming years. The construction industry includes the planning, development, and maintenance of physical structures and infrastructure using labor, materials, and equipment. Growth in the construction sector is being fueled by rapid urbanization, which is generating sustained demand for new residential and commercial infrastructure and encouraging developers to accelerate building activities. Carbon fiber-reinforced plastic (CFRP) is widely used in construction to strengthen structures, bridges, and buildings due to its high strength, lightweight nature, and resistance to corrosion. For example, in June 2025, according to the Australian Bureau of Statistics, an Australia-based autonomous constitutional agency responsible for data collection and analysis and providing evidence-based insights to federal, state, and territorial governments, the construction industry accounted for 7% of Australia’s GDP in 2023-24 and employed approximately 1.3 million people. Therefore, the rising demand for construction is driving the growth of the carbon fiber-reinforced plastic market.

Leading companies in the Carbon Fiber Reinforced Plastic market are concentrating on creating innovative solutions, such as carbon fiber-reinforced polyvinylidene fluoride (PVDF), to improve material performance across industries like aerospace, automotive, and construction. Carbon fiber-reinforced PVDF is a composite material that incorporates carbon fibers within a PVDF matrix. For example, in May 2024, Xenia Materials, an additive manufacturing company based in Italy, introduced a new line of carbon fiber-reinforced PVDF compounds designed for pellet-fed 3D printing. These advanced compounds enhance the performance and chemical resistance of additive manufacturing materials by combining unfilled PVDF with carbon fiber. The result is improved strength, minimized warping, and compliance with ATEX standards, ensuring safety in hazardous environments.

In October 2025, Epsilon Composite SAS, a France-based provider of carbon-fibre composite solutions and technical pultrusion services, acquired Cometec S.r.l. for an undisclosed amount. Through this acquisition, Epsilon Composite seeks to strengthen and expand its presence in Italy by integrating Cometec’s expertise to enhance its carbon-roller manufacturing capabilities and deliver more integrated, high-performance roller solutions to machine manufacturers across Europe and other regions. Cometec S.r.l. is an Italy-based company specializing in technical carbon-fibre rollers and precision-machined roller assemblies, serving sectors such as printing, converting, film processing, and industrial machinery.

Major companies operating in the carbon fiber reinforced plastic (cfrp) market are Solvay S.A, DowAksa Advanced Composites Holding B.V, Formosa Plastics Corporation, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., SGL Carbon SE, Teijin Limited, Toray Industries Inc., Nikkiso Co. Ltd., AllRed & Associates Inc., Rochling Group, Jiangsu Hengshen Fiber Material Co. Ltd., Zhongfu Shenying Carbon Fiber Co. Ltd., Nippon Graphite Fiber Co. Ltd., Saudi Basic Industries Corporation, Gurit Holding AG, Park Aerospace Corp., Axiom Materials Inc., Plasan Carbon Composites, Zoltek Companies Inc., Hyosung Advanced Materials Corporation, Owens Corning, Huntsman Corporation, Cytec Solvay Group, Kureha Corporation, Carbon Mods, Carbon Revolution, Carbon Conversions Inc., Carbon Fiber Works, Composite Engineering Inc.

North America was the largest region in the carbon fiber reinforced plastic market share in 2025. The regions covered in the carbon fiber reinforced plastic (cfrp) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carbon fiber reinforced plastic (cfrp) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon fiber reinforced plastic (CFRP) market consists of sales of carbon fiber reinforced plastic, having a base or carrier substance, also called matrix, and a second reinforcing component, the carbon fiber, which is embedded in the matrix. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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