Carbon fiber reinforced plastic, or carbon fiber reinforced polymer (CFRP) are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material.
The top three companies accounting for 39.32% of the market share in 2019.

Market Analysis and Insights: Global and China Carbon Fiber Reinforced Plastic (CFRP) Market
This report focuses on global and China Carbon Fiber Reinforced Plastic (CFRP) market.
In 2020, the global Carbon Fiber Reinforced Plastic (CFRP) market size was US$ 15790 million and it is expected to reach US$ 32810 million by the end of 2027, with a CAGR of 11.0% during 2021-2027. In China the Carbon Fiber Reinforced Plastic (CFRP) market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Carbon Fiber Reinforced Plastic (CFRP) Scope and Market Size
Carbon Fiber Reinforced Plastic (CFRP) market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Carbon Fiber Reinforced Plastic (CFRP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Carbon Fiber Reinforced Plastic (CFRP) market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Thermosetting CFRP
Thermoplastic CFRP
By type，themosetting CFRP is the most commonly used type, with about 67.14% market share in 2019.

Segment by Application
Aerospace & Defense
Sports Goods
Automotive
Pressure Vessels
Construction & Civil Engineering
Marine
Electronic & Electric Parts
Others
Demand from the aerospace & defense industry accounts for the largest market share, being 31.12% in 2019.

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Toray
Mitsubishi Materials
Teijin
SGL Group
Solvay
Hexcel
DowAksa
SABIC
Ensinger
Weihai Guangwei Composites