Aerospace and Automotive Segments Dominate Carbon Fiber Reinforced...

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2025-09-30 14:42:09 -

Aerospace and Automotive Segments Dominate Carbon Fiber Reinforced Plastic Market

The global carbon fiber reinforced plastic (CFRP) market has entered a growth cycle marked by structural realignment across product categories, end-user industries, and application verticals. Valued at USD 18.86 billion in 2024, the market is forecast to expand at a CAGR of 9.5% between 2025 and 2034, driven by demand for lightweight and high-performance materials in automotive, aerospace,...

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