"Innovative Market Solutions to Help Businesses Make Informed Decisions"

CarbonThermoplastic market size, share & industry analysis, By Raw Material (Polyacronitrile, Pitch), By Application (Automotive, Aerospace, Wind Turbines, Sport Equipment, Construction, Marine, Others) and regional forecast 2023-2030

Region : Global | Report ID: FBI103781 | Status : Ongoing



Carbon thermoplastic also referred as carbon fiber reinforced thermoplastic composite (CFRTP) is an extremely strong and light in nature, stiff type of thermoplastic which is employed in various end-use sectors like automobile, aerospace, construction, sports, technical and consumer applications. Carbon thermoplastic is composite material and its strength depends upon the layout and the proportion of the carbon fibers to the matrix used for reinforcing.

Increasing demand from aerospace sector for material with high mechanical strength, stiffness, weight to strength ratio and rigidity shall drive the market growth. The increasing use of this composite thermoplastic in automobile sector to reduce the overall weight of the vehicles and fuel consumption shall raise the demand.

However, carbon thermoplastic is specially designed and manufactured using advanced machines and techniques. High cost of production of such kind of composite materials shall hinder the market growth.

Key Market Driver -

Increasing demand from aerospace sector.

Key Market Restraint -

High cost of production.

Market Segmentation:

Based on raw material, the market is segmented into polyacronitrile (PAN) and pitch. Based on application, the market is segmented into automotive, aerospace, wind turbines, sport equipment, construction, marine, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global carbon thermoplastic market consists of global & regional players operating. Some of the key players in the market include BASF SE, Cytec Solvay, Gurit Holding Ag, Saudi Basic Industries Corporation (SABIC), Teijin Ltd, Tencate, SGL Group, DuPont, Celanese Corporation, and Others.

Key Insights

  • New Advancements in Production Technologies

  • Key Trends in the Carbon Thermoplastic Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is accounted to hold the largest share in market attributed to the extensive use in aircraft, ships–building, and other applications. Additionally, the high government investments for R&D in the aerospace sector for high-strength materials shall impact positively. Europe is estimated to be the second-largest market due to increasing demand for lightweight materials from automobile manufacturing companies. Asia Pacific is expected to show significant growth due to the rapid industrial development in China and India. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

To gain extensive insights into the market, Request for Customization




By Raw Material

  • Polyacronitrile

  • Pitch

By Application

  • Automotive

  • Aerospace

  • Wind Turbines

  • Sport Equipment

  • Construction

  • Marine

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (UK, Germany, Italy, France, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

Carbon Thermoplastic Industry Developments

  • In August 2019, BASF and Toray advanced composites signed a manufacturing and supply agreement of continuous fibre reinforced thermoplastic for automotive and industrial applications.

  • In March 2016, BASF launched innovative light-weight composite applications at JEC world composite show for automotive and power industry.

  • Ongoing
  • 2022
  • 2019-2021


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.