The Global Carbon Thermoplastic (CFRTP) Composites Market was valued at US$ 3.07 Billion in 2023 and is projected to reach US$ 4.76 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period (2024–2030). This expansion is driven by surging demand from aerospace, automotive, and renewable energy sectors for advanced materials that combine exceptional strength with environmental sustainability.

As industries transition toward high-performance, recyclable composite solutions, these leading manufacturers are setting new standards in material science. This report profiles the Top 10 Companies in the Carbon Thermoplastics Industry—innovation pioneers transforming manufacturing across multiple sectors with cutting-edge composite technologies.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA™ carbon fiber reinforced thermoplastics

Toray dominates the CFRTP landscape with its proprietary TORAYCA™ thermoplastic composites, serving aerospace clients including Boeing and Airbus while expanding aggressively into electric vehicle applications.

Technology Leadership:

• Developed world’s fastest CFRTP production process (under 1 minute cycle time)
• 600+ active patents in carbon fiber technologies
• Supplies 40% of global aerospace composite demand

Download FREE Sample Report: Carbon Thermoplastic (CFRTP) Composites Market – View in Detailed Research Report

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9️⃣ 2. SGL Carbon SE

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAPREG® thermoplastic prepreg systems

SGL Carbon specializes in automated CFRTP production for high-volume applications, with proprietary processes that reduce manufacturing costs by up to 30% compared to traditional methods.

Technology Leadership:

• Pioneered one-shot CFRTP compression molding
• Leading supplier to European automotive OEMs
• Quantum leap in recyclable composite solutions

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8️⃣ 3. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexPEKK® high-performance thermoplastics

Hexcel’s aerospace-grade CFRTPs hold the distinction of being the first thermoplastics certified for primary aircraft structures by both the FAA and EASA.

Technology Leadership:

• HexPEKK® composites used in Boeing 787 and Airbus A350
• 50% faster processing than thermoset alternatives
• R&D focus on additive manufacturing applications

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7️⃣ 4. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: Tenax™ thermoplastic prepregs

Teijin’s CFRTP technology enables mass production of automotive components, with recent breakthroughs in closed-loop recycling systems achieving 95% material recovery rates.

Technology Leadership:

• World’s first CFRTP automotive roof panel (2019)
• Bio-based carbon fiber development program
• Strategic alliance with General Motors

Download FREE Sample Report: Carbon Thermoplastic (CFRTP) Composites Market – View in Detailed Research Report

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6️⃣ 5. Mitsubishi Chemical Carbon Fiber and Composites

Headquarters: Tokyo, Japan
Key Offering: Pyrofil™ thermoplastic compounds

Mitsubishi leads in industrial-scale CFRTP applications, supplying 60% of global wind turbine manufacturers with specialized composite solutions.

Technology Leadership:

• Developed flame-retardant CFRTP grades for mass transit
• Automated tape laying technology for large structures
• Strategic focus on hydrogen storage vessels

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® CFRTP compounds

BASF combines polymer expertise with carbon fiber technology to create injection-moldable CFRTPs for high-volume production across automotive and consumer markets.

Technology Leadership:

• Hybrid metal-CFRTP solutions for structural components
• 100% recyclable composite systems
• Global R&D network with 8 composite centers

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4️⃣ 7. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: APC thermoplastic composite tapes

Solvay’s aerospace-grade CFRTPs are specified for next-generation aircraft programs, reducing structural weight by 30-50% versus aluminum alternatives.

Technology Leadership:

• Supplies 70% of commercial aircraft thermoplastic components
• Ultrasonic welding technology for assembly
• Eco-design approach to material development

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3️⃣ 8. LANXESS AG

Headquarters: Cologne, Germany
Key Offering: Tepex® continuous fiber composites

LANXESS specializes in crash-optimized CFRTP solutions for automotive safety systems, with production doubling since 2020 to meet EV demand.

Technology Leadership:

• Integrated sensor composites for smart structures
• 30-second cycle times for mass production
• BMW, Audi, and Porsche Tier 1 supplier

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2️⃣ 9. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Maezio® thermoplastic composites

Covestro’s CFRTP technology enables the production of complex 3D geometries at production volumes exceeding 100,000 units annually.

Technology Leadership:

• Thermal draping technology for complex shapes
• Carbon-neutral production initiatives
• Strategic focus on EV battery enclosures

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1️⃣ 10. Avient Corporation

Headquarters: Avon Lake, Ohio, USA
Key Offering: Specialty CFRTP compounds

Avient provides customized CFRTP formulations for niche applications from medical devices to consumer electronics, focusing on performance additives and processing ease.

Technology Leadership:

• Conductive CFRTP for EMI shielding
• High-flow grades for thin-wall applications
• 150+ material formulations in commercial production

Get Full Report Here: Carbon Thermoplastic (CFRTP) Composites Market – View in Detailed Research Report

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🌍 Market Outlook: The CFRTP Revolution Accelerates

The carbon thermoplastic composites sector stands at an inflection point, with new applications emerging across mobility, energy, and industrial markets. As traditional thermoset composites face recycling challenges, CFRTP adoption is projected to grow 3x faster than the overall composites market through 2030.

📈 Transformation Drivers:

• Automotive lightweighting mandates pushing CFRTP adoption
• Aerospace industry shift to thermoplastic primary structures
• Circular economy requirements favoring recyclable solutions
• Manufacturing advances enabling high-volume production

Get Full Report Here: Carbon Thermoplastic (CFRTP) Composites Market – View in Detailed Research Report

The companies profiled above represent the vanguard of materials innovation—delivering solutions that are reshaping product design and manufacturing across global industries.