Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Strategic Business Report 2023: Surging Demand for Advanced Thermoplastic Composite Materials from Different End-User Industries Drives Growth


Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Strategic Business Report" report has been added to's offering.

The global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) estimated at US$948.9 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.

Continuous Carbon Fiber, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$741.8 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Long Carbon Fiber segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $258.5 Million, While China is Forecast to Grow at 10% CAGR

The Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in the U.S. is estimated at US$258.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$340.9 Million by the year 2030 trailing a CAGR of 10% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$207.2 Million by the year 2030.

Select Competitors (Total 46 Featured) -

  • Aerosud
  • Celanese Corporation
  • Covestro AG
  • PlastiComp, Inc.
  • PolyOne Corporation
  • Royal Ten Cate NV
  • SGL Group
  • Solvay SA
  • Teijin Ltd.
  • Toray Industries, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages246
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$948.9 Million
Forecasted Market Value (USD) by 2030$1500 Million
Compound Annual Growth Rate5.9%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Surging Demand for Advanced Thermoplastic Composite Materials from Different End-User Industries Drives Market Growth
  • Superior Performance Benefits over Traditional Materials Promotes Growth Prospects
  • Sharper Focus on Weight and Fuel Cost Reduction in Aerospace Industry Augurs Well for Market Expansion
  • Positive Growth in Air Passenger Traffic and Ensuing Demand for Aircrafts to Benefit Market Prospects: Global Air Passenger Traffic (In Billion) for the Years 2020, 2025 & 2030
  • Global Production of Commercial Aircraft (In Units) for the Years 2018, 2020, 2025, 2028, 2030 and 2034
  • Emerging Demand for Lightweight Materials in Automotive Industry Promises Lucrative Growth Opportunities
  • Global Carbon Fiber Reinforced Plastics (CFRP) Demand (In Tons) in Automotive Industry for the Years 2018, 2021 & 2024
  • Rising Adoption of Electric Vehicles to Expand Application of Thermoplastic Composites
  • Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
  • Recyclability of Thermoplastic Composites to Unlock New Revenue Opportunities
  • High Cost of Raw Materials Prohibits Wider Adoption




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Global Market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP)

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