The Global Thermoplastic Carbon Fiber Composites Market was valued at USD 5.84 Billion in 2024 and is projected to reach USD 10.22 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period (2024–2030). This robust growth is being driven by increasing demand from aerospace and defense sectors, rapid adoption in automotive lightweighting applications, and the growing emphasis on sustainable manufacturing processes across industries.

As manufacturing industries worldwide transition toward lightweight, high-performance materials that offer superior mechanical properties and recyclability, the spotlight is on the key composite manufacturers who are driving innovation, efficiency, and next-generation material solutions. In this blog, we profile the Top 10 Companies in the Thermoplastic Carbon Fiber Composites Industry—a mix of chemical giants, specialty composite producers, and material science innovators shaping the future of advanced manufacturing.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® thermoplastic carbon fiber composites, TORELINA® PPS composites

Toray Industries is a global leader in carbon fiber composite technologies, with its TORAYCA brand recognized worldwide for superior quality and performance. The company develops advanced thermoplastic composites using resins including PEEK, PA, and PPS for aerospace, automotive, and industrial applications.

Innovation Initiatives:

• Development of high-toughness CFRTP (Carbon Fiber Reinforced Thermoplastics)

• Mass production technologies for automotive composite components

• Strategic partnerships with Airbus, Boeing, and automotive OEMs

Download FREE Sample Report: Thermoplastic Carbon Fiber Composites Market – View in Detailed Research Report

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9️⃣ 2. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: APC (Advanced Thermoplastic Composites), CYCOM® thermoplastic systems

Solvay is a leading specialty materials company with extensive expertise in high-performance thermoplastic composites. Their product portfolio includes carbon fiber reinforced PEEK, PEKK, and PAEK materials for demanding aerospace and industrial applications.

Innovation Initiatives:

• Development of fast-curing thermoplastic composites for automated manufacturing

• Custom formulation services for specific application requirements

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8️⃣ 3. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexMC®-i carbon fiber thermoplastic, HexPly® thermoplastic prepregs

Hexcel specializes in advanced composite materials including thermoplastic prepregs and molding compounds. Their expertise spans aerospace, industrial, and energy sectors with a focus on high-volume production capabilities.

Innovation Initiatives:

• Expansion of thermoplastic composite production capacity

• Collaboration with aerospace OEMs on next-generation aircraft programs

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Sereebo® thermoplastic carbon fiber composites, Tenax® TP carbon fiber

Teijin is a global technology company with advanced capabilities in carbon fiber and thermoplastic composites. Their Sereebo technology enables rapid molding of CFRTP parts with cycle times under one minute.

Innovation Initiatives:

• Development of revolutionary mass production technology for CFRTP

• Strategic focus on automotive and consumer electronics applications

Download FREE Sample Report: Thermoplastic Carbon Fiber Composites Market – View in Detailed Research Report

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6️⃣ 5. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Tafnex® thermoplastic composite pellets, Pyrofil® carbon fiber

Mitsubishi Chemical offers a comprehensive portfolio of thermoplastic composite solutions including Tafnex carbon fiber reinforced thermoplastics in pellet form for injection molding applications.

Innovation Initiatives:

• Development of long carbon fiber reinforced thermoplastics for structural applications

• Focus on cost-effective solutions for mass-market applications

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5️⃣ 6. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: LNP™ THERMOCOMP™ carbon fiber compounds

SABIC’s specialty chemicals business offers advanced thermoplastic composites reinforced with carbon fiber through its LNP portfolio. These materials are engineered for specific performance requirements across various industries.

Innovation Initiatives:

• Development of electrically conductive carbon fiber compounds

• Strategic initiatives in automotive lightweighting and additive manufacturing

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4️⃣ 7. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Bayblend® and Makrolon® carbon fiber reinforced composites

Covestro develops high-performance thermoplastic composites based on polycarbonate blends and other engineering plastics reinforced with carbon fibers.

Innovation Initiatives:

• Development of sustainable composite solutions

• Focus on circular economy principles in composite manufacturing

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3️⃣ 8. Lanxess AG

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

Lanxess offers advanced thermoplastic composite semi-finished products under the Tepex brand, which are used in automotive, aerospace, and consumer goods industries for high-strength lightweight components.

Innovation Initiatives:

• Development of hybrid composite technologies

• Specialization in organo sheet technologies for compression molding

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2️⃣ 9. Victrex plc

Headquarters: Thornton-Cleveleys, United Kingdom
Key Offering: VICTREX PEEK-based composites, VICTREX AE™ composites

Victrex is a global leader in high-performance thermoplastic solutions, particularly known for its VICTREX PEEK polymer and carbon fiber reinforced composite materials.

Innovation Initiatives:

• Development of high-performance PEEK-based composite grades

• Strategic focus on aerospace, automotive, and oil & gas applications

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1️⃣ 10. Plasan

Headquarters: Kibbutz Sasa, Israel
Key Offering: Carbon fiber reinforced thermoplastic composites for defense and aerospace

Plasan specializes in advanced composite solutions for defense and aerospace applications, including thermoplastic carbon fiber composites for vehicle armor and aircraft components.

Innovation Initiatives:

• Development of advanced armor solutions using thermoplastic composites

• Integration of advanced manufacturing technologies including automated fiber placement

Read Full Report: Thermoplastic Carbon Fiber Composites Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermoplastic Carbon Fiber Composites Is Smarter and More Sustainable

The thermoplastic carbon fiber composites market is experiencing a fundamental transformation as industries increasingly prioritize lightweight, recyclable, and high-performance materials. While traditional thermoset composites still dominate certain segments, the industry is rapidly transitioning toward thermoplastic solutions that offer superior impact resistance, faster processing times, and end-of-life recyclability.

📈 Key Trends Shaping the Market:

• Expansion of automated manufacturing technologies for high-volume production

• Regulatory mandates for vehicle lightweighting and decarbonization

• Accelerating adoption in electric vehicle battery enclosures and structural components

• Development of hybrid composite systems combining continuous and discontinuous fiber reinforcements

Read Full Report: Thermoplastic Carbon Fiber Composites Market – View in Detailed Research Report

The companies listed above are not only supplying advanced composite materials—they’re spearheading the digital transformation and sustainable evolution of global manufacturing industries.