Global Market for Carbon Fiber and Carbon Fiber Reinforced Polymers (CFRP) 2023-2033: Need for Lightweight and Fuel Efficient Aircraft and Automobiles Bolsters Demand

Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "The Global Market for Carbon Fiber and Carbon Fiber Reinforced Polymers (CFRP) 2023-2033" report has been added to's offering.

Carbon fiber (CF) is used as a reinforcement material in composites. Carbon fiber reinforced polymers (CFRP) are mainly used in wind energy, automotive, aerospace (commercial and military aircraft, space launch vehicles), and pressure vessel industries for increased strength to weight and stiffness.

Other markets are sports & leisure composites (skis and snowboards, bicycles and hockey sticks) and construction. The market for CF and CFRP will grow through to 2033, with recent increased demand in several markets and capacity expansions.

CF has the characteristics of common carbon materials such as:

  • high-temperature resistance
  • friction resistance
  • electrical conductivity
  • heat conduction
  • corrosion resistance

It also has advantageous differences such as:

  • shape has significant anisotropy
  • soft
  • can be processed into various fabrics
  • has a small specific gravity and therefore has a high specific strength.

There are significant regulatory, economic and consumer motivations for manufacturers to adopt materials that reduce the weight of the product and maintain or increase its performance.

For example, manufacturers are interested in producing aircraft and automobiles that are more fuel efficient, increasing the size of wind energy blades, and producing strong lightweight storage vessels for alternative transportation fuels. To this end, carbon fiber (CF) and carbon fiber reinforced polymers (CFRP) that provide lightweighting and strength enhancement potential, are primary candidate materials for meeting these goals.

Report contents include:

  • Figures for current carbon fiber and CFRP demand, production capacities and projected future demand to 2033, by metric tonnes, end user markets and regions.
  • Market and technical developments 2020-2023.
  • Assessment of developments in plant-based carbon fibers, low cost production, alternative precursors and processes, and 3D printing.
  • Markets covered include Aerospace, Sports & Leisure, Wind Energy, Automotive, Pressure Vessels, Construction & Infrastructure and Oil and Gas.
  • 107 companies profiled including CF manufacturers, CFRP manufacturers and CF recyclers. Companies profiled include bCircular, Boston Materials, Carbon Conversions, Carbon Hexa, Continuous Composites, DowAksa, Formosa Plastics Corporation, Gen 2 Carbon, Hexcel Corporation, Hyosung Advanced Materials, Jiangsu Hengshen Co., Ltd., Kureha Corporation, LeMond Carbon, Mitsubishi Chemical Corporation, REGEN Fiber, Mallinda, SGL Carbon SE, Solvay SA, Teijin Limited, Toray Industries, Inc., UMATEX, Zhongfu Shenying and 9T Labs.

Key Topics Covered:


2.1 Carbon fibers
2.1.1 Properties of carbon fibers Types by modulus Types by the secondary processing
2.1.2 Precursor material types PAN: Polyacrylonitrile Pitch-based carbon fibers Viscose (Rayon)-based carbon fibers
2.2 Carbon fiber reinforced polymer (CFRP)
2.2.1 Applications
2.3 Bio-based and alternative precursors
2.3.1 Lignin
2.3.2 Polyethylene
2.3.3 Vapor grown carbon fiber (VGCF)
2.3.4 Textile PAN
2.4 Recycled carbon fibers (r-CF)
2.4.1 Recycling processes
2.4.2 Companies
2.5 Carbon Fiber 3D Printing
2.6 Plasma oxidation
2.7 Carbon fibers from Direct Air Capture (DAC)
2.7.1 Deployment
2.7.2 Point source carbon capture versus Direct Air Capture
2.7.3 Technologies Solid sorbents Liquid sorbents Liquid solvents Airflow equipment integration Passive Direct Air Capture (PDAC)

3.1 Annual capacity, by producer
3.2 Market share, by capacity

4.1 Carbon fiber industry developments 2020-2023
4.2 Aerospace
4.2.1 Market drivers, applications, desirable properties, pricing and key players
4.2.2 Global demand Carbon fiber CFRP
4.3 Wind energy
4.3.1 Market drivers, applications, desirable properties, pricing and key players
4.3.2 Offshore
4.3.3 Global demand Carbon fiber CFRP
4.4 Sports & leisure
4.4.1 Market drivers, applications, desirable properties, pricing and key players
4.4.2 Global demand Carbon fiber CFRP
4.5 Automotive
4.5.1 Market drivers, applications, desirable properties, pricing and key players
4.5.2 Global demand Carbon fiber CFRP
4.6 Pressure vessels
4.6.1 Market drivers, applications, desirable properties, pricing and key players
4.6.2 Global demand Carbon fiber CFRP
4.7 Oil and gas
4.7.1 Market drivers, applications, desirable properties, pricing and key players Carbon fiber CFRP
4.8 Other markets
4.8.1 Construction & infrastructure Market drivers, desirable properties, applications and pricing
4.8.2 Medical Market drivers, desirable properties, applications and pricing

5.1 Demand by market 2016-2033
5.1.1 Carbon fiber
5.1.2 Carbon fiber reinforced polymers (CFRP)
5.2 Demand by region 2016-2033

6.1 Carbon fiber producers (29 company profiles)
6.2 Carbon Fiber composite producers (62 company profiles)
6.3 Carbon fiber recyclers (16 company profiles)



A selection of companies mentioned in this report includes

  • 4M Carbon Fiber Corporation
  • 9T Labs AG
  • A&P Technology, Inc.
  • ACG Composites Co., Ltd.
  • Aciturri Aeronautica, S.L.
  • Action Composites Gmbh
  • Albany Engineered Composites, Inc
  • Aldila, Inc.
  • Alpha Recyclage Composites
  • Anisoprint S.a.r.l.
  • APS Tech Solutions
  • Arris Composites
  • Attis Innovations, llc
  • Bcircular
  • Boston Materials LLC
  • Braskem S.A.
  • Carbitex
  • Carbo-Link AG
  • Carbon CANTONNE
  • Carbon Conversions, Inc.
  • Carbon Fiber Recycling LLC
  • Carbon Hexa
  • Carbon Mobile GmbH
  • Carbon Revolution
  • CEAD B.V.
  • Cellicon B.V.
  • Colllins Aerospace
  • Continuous Composites, Inc.
  • Desktop Metal, Inc.
  • DowAksa
  • Extracthive-Industry
  • Faber Industrie SpA
  • Fairmat
  • Faurecia S.A.
  • Formosa Plastics Corporation
  • Fortify, Inc.
  • Gen 2 Carbon
  • GKN Aerospace
  • Gurit Holding AG
  • Hankuk Carbon Co., Ltd
  • Helicoid Industries, Inc.
  • Hengshen Fibre Materials
  • Hexagon Composites ASA
  • Hexcel Corporation
  • Honext Material SL
  • Hyosung Advanced Materials
  • Impossible Objects
  • Kaman Composites Vermont Inc.
  • Kangde Group
  • Karborek Rcf Srl
  • Kingfa Sci. & Tech. Co. Ltd.
  • Kureha Corporation
  • Lehvoss Group
  • Leonardo SpA
  • LLC Niagara
  • Luxfer Gas Cylinders (Luxfer Group)
  • Magna International Inc.
  • Mallinda, Inc.
  • Mantis Composites
  • Markforged
  • Mars Materials
  • Metal Mate Co Ltd
  • Microwave Chemical Co. Ltd.
  • Mitsubishi Chemical Carbon Fiber and Composites (MCCFC)
  • Mitsubishi Heavy Industries Ltd
  • moi composites
  • Montefibre Carbon SL
  • Neustark
  • Nippon Graphite Fiber Corporation
  • Osaka Gas Chemicals Co., Ltd.
  • Plasan Carbon Composites, Inc.
  • Power and Composite Technologies LLC (The Gund Co.)
  • Rein4ced
  • remium Aerotec GmbH
  • RTP Company
  • Saertex GmbH & Co. KG
  • SGL Group
  • Shaanxi Tiance New Material Technology Co., Ltd. (Tiance Technology)
  • Shocker Composites, LLC
  • Showa Denko K.K.
  • Siemens Gamesa Renewable Energy S.A.
  • Sigmatex (UK) Limited
  • Sinofibers Technology Co
  • Sinopec Shanghai Petrochemical Co, Ltd.
  • SkyNano Technologies
  • Solerial Matusions AB
  • Solid Carbon Products LLC
  • Solvay SA
  • Spirit Aerosystems, Inc
  • Stora Enso
  • Strata Manufacturing PJSC
  • Tandem Repeat
  • Teijin Limited
  • The Gill Corporation
  • Toray Advanced Composites
  • Toray Industries, Inc.
  • Trek Bicycle Corporation
  • UMATEX Group
  • Vartega Inc.
  • Veplas Group
  • Vestas Wind Systems A/S
  • Weav3D, Inc.
  • Weihai Guangwei Composites Co., Ltd.
  • Zhongfu-Shenying Carbon Fiber Co., Ltd.

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