The Global Carbon Thermoplastic Composites Market was valued at USD 2.54 Billion in 2024 and is projected to reach USD 4.82 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period (2024–2030). This rapid expansion is driven by surging demand from aerospace, automotive, and renewable energy sectors, along with technological breakthroughs in material science and manufacturing processes.
As industries worldwide pivot toward high-performance, sustainable materials, carbon thermoplastic composites emerge as the go-to solution for lightweight structural applications. This analysis profiles the Top 10 Companies in the Carbon Thermoplastic Composites Industry—pioneers driving material innovations and industrial-scale adoption across global markets.
🔟 1. Toray Industries, Inc.
Headquarters: Tokyo, Japan
Key Offering: Torayca® thermoplastic prepregs, CFRTP sheets
Toray dominates the carbon fiber composites landscape with vertically integrated production from precursor to finished products. The company supplies premium aerospace-grade thermoplastic composites to major aircraft manufacturers, with recent advancements in automated fiber placement (AFP) compatible materials.
Innovation Focus:
- Development of ultra-fast cure thermoplastic systems
- Scaling technologies for automotive mass production
- Closed-loop recycling solutions for composites
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9️⃣ 2. Teijin Limited
Headquarters: Osaka, Japan
Key Offering: Tenax® TPUD, thermoplastic unidirectional tapes
Teijin specializes in intermediate materials for high-speed thermoplastic compression molding. The company’s breakthrough in developing 0.05mm thermoplastic tapes enables complex geometries while maintaining exceptional mechanical properties.
Innovation Focus:
- Integrated structural decoration technologies
- Fire-resistant formulations for transportation
- Multi-material system integration
8️⃣ 3. SGL Carbon
Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFIL® thermoplastic rovings, tailored CFRTP solutions
SGL Carbon provides customized carbon fiber solutions for injection and compression molding applications. The company operates dedicated R&D centers in Europe and North America collaborating with Tier-1 automotive partners.
Innovation Focus:
- High-volume manufacturing processes
- Smart composites with embedded sensing
- Sustainable precursor development
7️⃣ 4. Solvay
Headquarters: Brussels, Belgium
Key Offering: CYCOM® thermoplastic prepregs, discontinuous fiber systems
Solvay delivers high-performance CFRTP for demanding aerospace and defense applications. The company recently introduced an amorphous thermoplastic composite capable of withstanding extreme temperature conditions up to 350°C.
Innovation Focus:
- Advanced out-of-autoclave technologies
- Large-structure welding techniques
- Bio-based resin formulations
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6️⃣ 5. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Key Offering: HexPly® thermoplastic prepregs, hybrid systems
Hexcel supplies aviation-certified thermoplastic prepregs meeting stringent safety standards. The company’s materials are approved for major commercial aerospace programs, demonstrating exceptional performance in critical applications.
Innovation Focus:
- Advanced hybrid material systems
- Manufacturing automation solutions
- Integrated repair technologies
5️⃣ 6. Mitsubishi Chemical Carbon Fiber and Composites
Headquarters: Tokyo, Japan
Key Offering: Pyrofil® thermoplastic compounds, molded components
Mitsubishi excels in high-flow carbon fiber reinforced thermoplastics for automotive applications. The company operates Asia’s largest dedicated CFRTP production facility, enabling large-volume supply for structural automotive components.
Innovation Focus:
- EMI shielding composites
- Precision molding formulations
- High-speed production methods
4️⃣ 7. Celanese Corporation
Headquarters: Irving, Texas, USA
Key Offering: Celstran® CFRTP, continuous fiber tapes
Celanese develops engineered thermoplastic composites combining carbon fibers with high-performance polymers. The company’s solutions address demanding industrial applications requiring exceptional chemical and thermal resistance.
Innovation Focus:
- Specialized chemical-resistant grades
- Thermal management solutions
- Complex geometry manufacturing
3️⃣ 8. Plasan Carbon Composites
Headquarters: Wixom, Michigan, USA
Key Offering: Armor solutions, structural vehicle components
Plasan specializes in compression molded thermoplastic composites for defense and automotive sectors. The company’s proprietary processes achieve industry-leading cycle times for structural vehicle parts production.
Innovation Focus:
- Advanced multi-material structures
- Crash energy absorption systems
- Ballistic protection technologies
2️⃣ 9. LANXESS
Headquarters: Cologne, Germany
Key Offering: Tepex® thermoplastic composites, hybrid compounds
LANXESS manufactures continuous fiber reinforced thermoplastics for volume production. The company’s materials combine various reinforcement types with engineering polymers for structural applications across industries.
Innovation Focus:
- Complex part overmolding
- Crash-resistant structural designs
- EV battery enclosure solutions
1️⃣ 10. Avient Corporation
Headquarters: Avon Lake, Ohio, USA
Key Offering: Complet® long fiber thermoplastics, specialty compounds
Avient provides customized thermoplastic composite formulations optimized for injection molding. The company’s solutions serve demanding applications in consumer, industrial, and electrical sectors requiring high strength-to-weight ratios.
Innovation Focus:
- Aesthetic structural composites
- Lightweight foam systems
- Sustainable reinforcement fibers
Get Full Report Here: Global Carbon Thermoplastic Composites Market – View in Detailed Research Report
🌍 Outlook: Carbon Thermoplastic Composites Driving the Materials Revolution
The carbon thermoplastic composites industry stands at the forefront of materials innovation, overcoming traditional manufacturing limitations through technological advancements. With regulatory pressures mounting for sustainable solutions, CFRTP products are poised to disrupt conventional materials across multiple industries.
📈 Key Market Transformations:
- Accelerating adoption in electric vehicle structural components
- Breakthrough joining technologies enabling hybrid structures
- Digital twin technology reducing development timelines
- Sustainability initiatives driving recyclable material systems
Get Full Report Here: Global Carbon Thermoplastic Composites Market – View in Detailed Research Report
These industry leaders are not merely material suppliers—they’re enabling the next generation of high-performance, sustainable products that will redefine transportation, energy, and industrial applications worldwide.
