The Global Thermoplastic Carbon Fiber Composites Market was valued at US$ 1,376.6 Million in 2022 and is projected to reach US$ 2,247.6 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. This robust growth is fueled by the escalating demand for lightweight, high-strength materials across the aerospace, automotive, and wind energy sectors, driven by stringent emissions regulations and the pursuit of enhanced fuel efficiency.

As industries worldwide prioritize sustainability and performance, thermoplastic carbon fiber composites (TP-CFC) are emerging as a superior alternative to traditional materials like metals and thermoset composites. In this blog, we profile the Top 10 Companies in the Thermoplastic Carbon Fiber Composites Industry—global material science leaders and innovative composite specialists who are shaping the future of manufacturing.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fibers, thermoplastic prepregs, composite intermediates

Toray is the world’s largest manufacturer of carbon fibers and a dominant force in the composites market. The company produces a wide range of high-performance thermoplastic carbon fiber composites used extensively in aerospace (e.g., Boeing 787, Airbus A350) and high-end automotive applications.

Innovation and Market Strategy:

• Pioneering large-scale, automated manufacturing processes for thermoplastic composites

• Strategic partnerships with major aerospace and automotive OEMs

• Significant R&D investment in recycling technologies for carbon fiber composites

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9️⃣ 2. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® carbon fibers, thermoplastic composite sheets, pellets

Mitsubishi Chemical is a global leader in advanced materials, offering a comprehensive portfolio of thermoplastic carbon fiber composites. Its materials are renowned for their excellent mechanical properties and are critical in applications requiring high stiffness and impact resistance.

Innovation and Market Strategy:

• Development of high-flow thermoplastic formulations for complex part geometries

• Focus on expanding applications in electric vehicle (EV) battery enclosures and structural components

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8️⃣ 3. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax® carbon fibers, thermoplastic unidirectional (UD) tapes, consolidated sheets

Teijin is a leading innovator in advanced fibers and composites. The company’s thermoplastic carbon fiber products, such as its proprietary Teijin Conpex sheet, are designed for high-volume, automated production processes in the automotive industry.

Innovation and Market Strategy:

• Leadership in carbon fiber recycling through its subsidiaries like Continental Structural Plastics

• Strong focus on developing materials for mass-production vehicles to reduce weight and CO2 emissions

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: APC (ASC) thermoplastic prepregs, custom composite formulations

Solvay is a key European player in specialty polymers and composite materials. Its range of thermoplastic carbon fiber prepregs is used in demanding aerospace, defense, and industrial applications where high temperature resistance and durability are paramount.

Innovation and Market Strategy:

• Expertise in high-performance thermoplastics like PEEK, PEKK, and PPS-based composites

• Active involvement in aerospace programs, supplying materials for primary and secondary aircraft structures

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6️⃣ 5. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexMC®-i thermoplastic molding compounds, carbon fiber fabrics

Hexcel is a major supplier of advanced composites to the aerospace industry. While historically strong in thermosets, the company is increasingly focused on thermoplastic technologies, offering innovative molding compounds for complex, high-rate production.

Innovation and Market Strategy:

• Development of rapid-curing thermoplastic systems for automated layup and compression molding

• Strategic alignment with next-generation aircraft programs requiring lightweight, damage-tolerant structures

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5️⃣ 6. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: LNP™ THERMOCOMP™ compounds, UD tapes based on engineered thermoplastics

SABIC’s specialty chemicals business is a significant supplier of thermoplastic compounds reinforced with carbon fiber. These materials are widely used in automotive, consumer electronics, and healthcare for their exceptional strength, dimensional stability, and design flexibility.

Innovation and Market Strategy:

• Focus on creating sustainable solutions, including bio-based and recycled content composites

• Leveraging global production and technical support network to serve diverse industrial markets

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4️⃣ 7. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAPREG® thermoplastic prepregs, custom carbon fiber materials

SGL Carbon is a leading European-based carbon specialist. The company produces thermoplastic prepregs tailored for high-volume processing techniques like thermoforming, making them ideal for automotive serial production and large-scale industrial applications.

Innovation and Market Strategy:

• Strong capabilities in developing tailor-made material solutions for specific customer applications

• Investment in expanding capacity for automotive-grade carbon fibers and composites

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

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3️⃣ 8. Ensinger GmbH

Headquarters: Nufringen, Germany
Key Offering: TECATEC® semi-finished products (sheets, rods, tubes), custom profiles

Ensinger is a specialist in engineering plastics and manufactures high-performance TECATEC® brand thermoplastic carbon fiber composites. These continuous fiber-reinforced materials are used in demanding mechanical engineering, aerospace, and medical technology applications.

Innovation and Market Strategy:

• Expertise in machining semi-finished composite products into high-precision components

• Focus on niche markets requiring exceptionally high wear resistance, stiffness, and low thermal expansion

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2️⃣ 9. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Maezio® thermoplastic composite tapes, sheets, and pellets

Covestro’s Maezio® brand represents a growing force in the thermoplastic composites market. These materials combine continuous carbon fibers with thermoplastics like polycarbonate and are designed for mass production, targeting the automotive, consumer electronics, and sports industries.

Innovation and Market Strategy:

• Emphasis on design-for-recycling and sustainable product life cycles

• Development of composite solutions that enable part consolidation and functional integration

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1️⃣ 10. LANXESS AG

Headquarters: Cologne, Germany
Key Offering: Tepex® dynalite thermoplastic composite sheets

LANXESS is a leading specialty chemicals company, and its Tepex® dynalite range of continuous fiber-reinforced thermoplastic composites is highly regarded. These materials are used in automotive body panels, battery casings for EVs, and high-performance sports equipment due to their excellent impact strength.

Innovation and Market Strategy:

• Strong application engineering support for developing hybrid composite-metal structures

• Focus on meeting the stringent safety and performance requirements of the automotive industry

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🌍 Outlook: The Future Is Lightweight, Recyclable, and Automated

The thermoplastic carbon fiber composites market is undergoing a significant transformation. While aerospace remains a key driver, the automotive sector’s electrification is creating massive new demand for lightweight battery enclosures and body structures. The inherent recyclability of thermoplastics compared to thermosets is also a major advantage in an increasingly circular economy.

📈 Key Trends Shaping the Market:

• Accelerated adoption in electric vehicle production to extend driving range

• Development of high-speed, automated manufacturing processes like tape laying and compression molding

• Growing investment in carbon fiber recycling technologies to reduce cost and environmental impact

• Increasing use in renewable energy applications, particularly large wind turbine blades

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

The companies listed above are not only supplying advanced materials—they are enabling a fundamental shift towards lighter, stronger, and more sustainable products across the global industrial landscape.

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