Lucintel Forecasts the Global Carbon Fiber Reinforced Plastic (CFRP) Market to reach $56 billion by 2035

According to a market report by Lucintel, the future of the global  Carbon Fiber Reinforced Plastic (CFRP) market looks promising with opportunities in the aerospace, automotive, wind energy, marine, sporting good, construction, and pressure vessel markets. The global cfrp market is expected to reach an estimated $56 billion by 2035 from $36.8 billion in 2027 with a CAGR of 5.5% from 2026 to 2035. The major drivers for this market are the increasing demand from automotive industry, the rising adoption in aerospace applications, and the growing use in wind energy sector.

A more than 150-page report to understand trends, opportunity and forecast in cfrp market to 2035 by resin type (epoxy, phenolic, polyester, vinyl ester, PEEK, PPS, PEI, PA, and others), process type (prepreg layup, RTM, injection molding, compression molding, filament winding, pultrusion, and others), end use (aerospace, automotive, wind energy, marine, sporting goods, construction, pressure vessel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the resin type category, epoxy is expected to witness the highest growth over the forecast period due to the increasing adhesion strength for lightweight parts.

Within the end use category, aerospace & defense is expected to witness the highest growth over the forecast period due to the increasing demand for lightweight aircraft components.

Download sample by clicking on  Carbon Fiber Reinforced Plastic (CFRP) market

In terms of regions, Europe is expected to witness the highest growth over the forecast period due to the increasing demand for lightweight fuel efficient vehicles.

GKN Fokker, Voith Composites SE & Co. KG, Plasan Carbon Composites, SGL Carbon, DowAksa Advanced Composites Holding, Toray Industries Inc., Mitsubishi Chemical Corporation are the major suppliers in the cfrp market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com to get access of more than 1000 reports at fraction of cost visit Lucintel’s Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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