The Global Carbon Fibre Reinforced Plastic (CFRP) Composites Market was valued at US$ 33,130 million in 2022 and is projected to reach US$ 45,430 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period (2022–2029). This growth is being driven by surging demand in aerospace and automotive sectors for lightweight materials that enhance fuel efficiency, increasing adoption in renewable energy applications like wind turbine blades, and advancements in manufacturing processes that reduce costs and improve recyclability.

As industries worldwide push for sustainability, weight reduction, and high-performance materials amid regulatory pressures for lower emissions, the focus turns to leading manufacturers who are pioneering innovations in carbon fiber composites. In this blog, we profile the Top 10 Companies in the Carbon Fibre Reinforced Plastic (CFRP) Composites Industry—a blend of global giants in materials science, aerospace suppliers, and automotive innovators shaping the future of advanced composites.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA carbon fibers, CFRP prepregs, and thermoplastic composites

Toray Industries stands as a dominant force in the CFRP market, renowned for its extensive portfolio of high-strength carbon fibers used in commercial aircraft fuselages and high-end sports equipment. Their advanced composites division supplies major players like Boeing and Airbus, with innovations in automated layup technologies scaling production for automotive applications.

Sustainability Initiatives:

• Development of recyclable CFRP systems to minimize waste in end-of-life applications

• Partnerships with automakers for lightweight body structures that cut CO2 emissions

• Investment in bio-based resins to create more eco-friendly composites

Download FREE Sample Report: Carbon Fibre Reinforced Plastic (CFRP) Composites Market – View in Detailed Research Report

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9️⃣ 2. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexPly prepregs, carbon fiber reinforcements, and honeycomb cores

Hexcel is a key supplier in the aerospace sector, providing CFRP materials for critical components in aircraft like the Boeing 787 Dreamliner. Their expertise in resin systems and prepreg technologies ensures superior strength-to-weight ratios, expanding into automotive and wind energy for cost-effective solutions.

Sustainability Initiatives:

• Advancements in out-of-autoclave processing to reduce energy consumption in manufacturing

• Collaboration with renewable energy firms for larger, lighter wind blades

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax carbon fibers, CFRP sheets, and hybrid composites

Teijin has built a reputation for versatile CFRP products spanning automotive, aerospace, and medical applications. Their Tenax series offers high tensile strength fibers ideal for pressure vessels in hydrogen energy storage, with an integrated supply chain providing competitive advantages in Asia-Pacific.

Sustainability Initiatives:

• Focus on circular economy principles with thermoplastic CFRP for easy recycling

• R&D in nano-enhanced composites for enhanced durability in building applications

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7️⃣ 4. SGL Carbon SE

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAFINE carbon fibers, CFRP molding compounds, and structural parts

SGL Carbon excels in industrial applications of CFRP, supplying materials for automotive braking systems and electrical conductivity components. Their expertise supports lightweight electric vehicles, offsetting battery weight, with close ties to giants like BMW for mass production innovations.

Sustainability Initiatives:

• Development of low-cost CFRP for consumer goods and sports equipment

• Goal to increase recycled carbon fiber usage by 20% by 2025

Download FREE Sample Report: Carbon Fibre Reinforced Plastic (CFRP) Composites Market – View in Detailed Research Report

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6️⃣ 5. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Pyrofil carbon fibers, CFRP intermediates, and advanced resins

Mitsubishi Chemical is a powerhouse in CFRP for aerospace and automotive, with products in the Airbus A350. Their intermediate materials enable customization, fueling expansion in Asia’s aviation market and energy storage solutions.

Sustainability Initiatives:

• Integration of CFRP in hydrogen fuel cell components for clean energy

• Targets for carbon-neutral production processes by 2030

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5️⃣ 6. Solvay SA (formerly Cytec)

Headquarters: Brussels, Belgium
Key Offering: Cycom epoxy systems, CFRP prepregs, and surfacing films

Solvay’s composite materials provide high-performance CFRP for aerospace structures and automotive exteriors. Post-Cytec acquisition, their resin technologies enable faster curing, integral to efficient next-generation aircraft designs.

Sustainability Initiatives:

• Bio-sourced resins to lower the environmental impact of composites

• Expansion into marine applications for lightweight vessel hulls

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4️⃣ 7. Gurit Holding AG

Headquarters: Wattwil, Switzerland
Key Offering: Gurit core materials, CFRP prepregs, and tooling systems

Gurit specializes in wind energy composites, supplying CFRP for turbine blades. Their large-scale molding expertise extends to transportation sectors, with European hubs driving automated production for mid-volume applications.

Sustainability Initiatives:

• Recyclable blade materials to address end-of-life challenges in renewables

• Current production capacity supporting over 10 GW of wind energy annually

Download FREE Sample Report: Carbon Fibre Reinforced Plastic (CFRP) Composites Market – View in Detailed Research Report

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3️⃣ 8. TENARIS (TenCate Advanced Composites)

Headquarters: Almelo, Netherlands
Key Offering: TenCate CETEX thermoplastics, CFRP fabrics, and laminates

TenCate leads in thermoplastic CFRP, offering weldable composites for automotive and aerospace assembly. Used in Formula 1 cars and military aircraft, their acquisition strategy positions them in urban air mobility.

Sustainability Initiatives:

• Indigenous development of flame-retardant CFRP for safety-critical applications

• Collaborations to scale production for electric aviation

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2️⃣ 9. Toho Tenax Co., Ltd. (Teijin Group)

Headquarters: Tokyo, Japan
Key Offering: Tenax carbon fibers, CFRP towpreg, and sized fibers

Toho Tenax, a Teijin subsidiary, specializes in filament winding for CFRP pipes and tanks in energy and automotive. Their sized fibers enhance adhesion, with facilities supporting localized production.

Sustainability Initiatives:

• Aims to boost recycled fiber incorporation to 15% by 2028

• Major expansions in CFRP for hydrogen infrastructure

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1️⃣ 10. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: TANSOME carbon fibers, CFRP unidirectional tapes, and woven fabrics

Hyosung is rapidly ascending in CFRP, focusing on cost-competitive fibers for automotive and wind energy. Their TANSOME brand supports EV chassis, with vertical integration ensuring quality and delivery.

Sustainability Initiatives:

• End-to-end solutions for global carriers in transportation

• Strategic alliances with fiber producers for sustainable sourcing

Get Full Report Here: Carbon Fibre Reinforced Plastic (CFRP) Composites Market – View in Detailed Research Report

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🌍 Outlook: The Future of CFRP Composites Is Lighter, Stronger, and Greener

The Carbon Fibre Reinforced Plastic (CFRP) Composites market is undergoing transformative growth. While aerospace leads demand, automotive and renewables are diversifying applications, with investments in automation and recycling addressing cost barriers.

📈 Key Trends Shaping the Market:

• Expansion of thermoplastic CFRP for recyclability and faster processing

• Regulatory mandates for lightweight materials to meet emissions targets by 2030

• Digital twins and AI in design to optimize CFRP structures

• Cross-industry collaborations for hybrid composites in EVs and renewables

Get Full Report Here: Carbon Fibre Reinforced Plastic (CFRP) Composites Market – View in Detailed Research Report

The companies profiled here are not only supplying advanced materials—they’re engineering the sustainable transformation across industries, from skies to roads and beyond.