CF & CFRP Companies

The CFRP market is projected to grow from USD 22.48 billion in 2025 to USD 35.55 billion by 2030, at a CAGR of 9.6% during the forecast period.

CFRP is composed of two or more different materials, such as carbon fibers and matrix materials. In CFRP, carbon fibers serve as reinforcement materials, while resins like thermoset and thermoplastic act as matrix materials. These components provide excellent strength, a high stiffness-to-density ratio, and various other physical properties. The development of the CF & CFRP market is driven by advancements in manufacturing technologies and the rising demand from end-use industries such as aerospace & defense, wind energy, automotive, sporting goods, pipe & tank, marine, civil engineering, medical, and electrical & electronics. In sectors like aerospace & defense, companies such as Boeing and Airbus utilize CFRP to enhance fuel efficiency. In the automotive industry, carbon fiber is primarily used in electric vehicles and luxury cars due to its lightweight characteristics and impact strength. Sustainability concerns have led to a greater adoption of CF & CFRP because of their potential to reduce carbon emissions and improve energy efficiency, particularly in transportation. The wind energy sector also relies on CF & CFRP for producing efficient turbine blades, thereby supporting market expansion.

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Toray Industries, Inc. (Japan)

Toray Industries, Inc. is a Japanese multinational company that specializes in advanced materials and technologies. The company operates across various sectors, including fibers and textiles, performance chemicals, carbon fiber composite materials, and environmental and engineering solutions. It offers carbon fibers and carbon fiber reinforced plastics through its carbon fiber composite materials business segment, which is designed to meet the rigorous demands of aerospace and industrial applications. Toray Industries, Inc. has operations in Japan, China, South Korea, the US, and several European nations. The company’s commitment to innovation and sustainability is evident in its ongoing development of advanced carbon fiber technologies and its strategic initiatives to reduce CO2 emissions, aiming for carbon neutrality by 2050.

Mitsubishi Chemical Corporation (Japan)

Mitsubishi Chemical Corporation, a subsidiary of Mitsubishi Chemical Group Corporation, is a global leader in the chemicals sector, focusing on advancing science and technology. The company operates within five business segments: Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, and Industrial Gases. Through the advanced composites & shapes sub-segment under Specialty Materials, the company offers carbon fiber and carbon fiber products for various applications in the automotive, aerospace & defense, industrial equipment, wind energy, medical, and other industries. Mitsubishi Chemical Corporation has four manufacturing facilities in Japan, along with overseas services in the US, Hong Kong, China, and Germany. It also has a presence in other regions with sales representatives and distribution centers.

Teijin Limited (Japan)

Teijin Limited is a key player in the global CF & CFRP market. Teijin Carbon Europe GmbH, a principal subsidiary of Teijin Limited, has been manufacturing high-performance carbon fiber under the brand name Tenax. It also offers advanced material solutions, including high-temperature resins, prepreg systems, new fibers, and tailored sizing, among others. Teijin Limited is expanding its global reach by entering into agreements and partnerships with other companies in the market. Additionally, it is acquiring major suppliers to enhance its production capacity to meet the growing demand. The company invests significantly in research & development for new products.

CF & CFRP MARKET: MARKET RANKING

The CF & CFRP market is consolidated, with the top five players accounting for 75–85% of the market share. This suggests that a large number of players are operating within this emerging market. Toray Industries, Inc.’s leading position can be attributed to its technological innovation, strong research and development capabilities, extensive production capacity, and strategic partnerships across various industries. As one of the pioneers in carbon fiber manufacturing, the company has developed high-performance carbon fiber materials that are widely used in aerospace & defense, automotive, wind energy, sporting goods, pipe & tank, civil engineering, marine, electrical & electronics, and medical industries. Other prominent companies in the CF & CFRP industry include Mitsubishi Chemical Corporation and Teijin Limited. These companies have made significant progress in providing competitive products and solutions to meet various CF & CFRP applications and needs. Companies such as Hexcel Corporation and SGL Carbon are helping to diversify the CF & CFRP market by pioneering advanced technologies and increasing their manufacturing capacity, which, in turn, will also support the growth of the overall CF & CFRP sector.

Related Reports:

CF & CFRP Market by Precursor Type (PAN, Pitch), Source, Resin Type, Manufacturing Process (Lay-Up, Compression Molding, Resin Transfer Molding, Filament Winding, Injection Molding, Pultrusion), End-use Industry, and Region - Forecast to 2030