The Global Automotive Carbon Fiber Reinforced Polypropylene (CFRPP) Market was valued at USD 1.25 Billion in 2024 and is projected to reach USD 2.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2024–2030). This robust growth is driven by the automotive industry’s accelerating shift towards vehicle lightweighting to meet stringent emission regulations, enhance fuel efficiency, and extend the driving range of electric vehicles (EVs).

As automakers worldwide commit to sustainability and performance, the focus intensifies on advanced material suppliers who are pioneering high-strength, lightweight composites. In this blog, we profile the Top 10 Companies in the Automotive CFRPP Industry—a group of chemical giants, composite specialists, and material innovators leading the charge in the next generation of automotive components.

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Automotive Carbon Fiber Reinforced Polypropylene Market – View in Detailed Research Report

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fiber, CFRTP (Thermoplastic Composites) including CFRPP

Toray is a global leader in carbon fiber production and a pivotal player in developing carbon fiber reinforced thermoplastics for the automotive sector. The company supplies advanced CFRPP materials that are used in structural and semi-structural components, offering an excellent balance of strength, weight reduction, and recyclability compared to traditional metals.

Innovation & Market Initiatives:

• Development of high-flow CFRPP grades for complex injection molding
• Strategic partnerships with major global OEMs for EV battery enclosures and body panels
• Commitment to expanding production capacity to meet rising automotive demand

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9️⃣ 2. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax® carbon fiber, Sereebo® CFRTP (including PP-based systems)

Teijin is renowned for its Sereebo® rapid thermoplastic composite technology, which significantly shortens molding cycle times—a critical factor for high-volume automotive production. Their CFRPP solutions are targeted at applications requiring high impact resistance and design flexibility.

Innovation & Market Initiatives:

• Pioneering mass-production technologies for CFRTP components
• Focus on applications like seat frames, interior pillars, and underbody panels
• Collaborations with automotive suppliers to integrate materials into new vehicle platforms

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8️⃣ 3. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRAPREG® CFRTP pellets, custom carbon fiber materials

SGL Carbon is a key European supplier of carbon-based materials, offering tailored CFRTP solutions. Their SIGRAPREG® products include CFRPP grades designed for injection and compression molding processes, serving the demand for lightweight components in premium and performance vehicles.

Innovation & Market Initiatives:

• Development of high-performance CFRPP for automotive serial production
• Strong focus on sustainability with recyclable material systems
• Supplying materials for battery casings and structural parts in electric mobility

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Automotive Carbon Fiber Reinforced Polypropylene Market – View in Detailed Research Report

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Xencor™ LFT (Long Fiber Thermoplastics) including PP-based composites

Solvay is a leading specialty materials company with a strong portfolio in high-performance composites. Their Xencor™ LFT technology utilizes long carbon fibers within a polypropylene matrix, delivering superior mechanical properties for demanding automotive applications such as front-end carriers and door modules.

Innovation & Market Initiatives:

• Expertise in long-fiber reinforced thermoplastics for structural applications
• Active in developing materials compliant with end-of-life vehicle (ELV) directives
• Collaborating with tier-1 suppliers to replace metal parts with lightweight CFRPP

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6️⃣ 5. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Pyrofil® carbon fiber, CFRTP compounds

Mitsubishi Chemical, following its integration of Mitsubishi Rayon’s carbon fiber business, is a powerhouse in the carbon fiber value chain. The company develops CFRPP materials that leverage the high performance of Pyrofil® fiber, targeting cost-effective lightweighting solutions for mass-market vehicles.

Innovation & Market Initiatives:

• Vertical integration from precursor to finished composite
• Focus on reducing the overall cost of carbon fiber composites for automotive use
• Developing grades optimized for high-speed, automated manufacturing processes

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5️⃣ 6. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: HexMC-i carbon fiber sheet molding compound, thermoplastic offerings

While traditionally focused on aerospace composites, Hexcel has been expanding its footprint in the automotive sector. The company’s expertise in carbon fiber and molding compounds is being adapted to develop high-performance CFRPP solutions for structural automotive parts.

Innovation & Market Initiatives:

• Adapting aerospace-grade composite technology for automotive applications
• Investment in thermoplastic composite research and development
• Engaging with automotive OEMs on next-generation chassis and body-in-white components

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4️⃣ 7. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Carbon fiber, composite materials including thermoplastic compounds

Formosa Plastics is a major global petrochemical company with a growing presence in the advanced materials space. Their production of carbon fiber and compounding capabilities position them as a significant supplier of CFRPP, particularly in the Asian automotive market.

Innovation & Market Initiatives:

• Leveraging large-scale polymer production for cost-competitive CFRPP
• Expanding carbon fiber production capacity to secure supply for composites
• Focusing on applications in interior trim and under-the-hood components

Download FREE Sample Report:
Automotive Carbon Fiber Reinforced Polypropylene Market – View in Detailed Research Report

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3️⃣ 8. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: TANSOME® carbon fiber, carbon fiber reinforced thermoplastics

Hyosung is a leading South Korean industrial group that has emerged as a major carbon fiber producer. The company is actively developing CFRPP compounds to cater to the burgeoning Asian automotive industry, especially for electric vehicles where weight savings directly translate to extended range.

Innovation & Market Initiatives:

• Aggressive expansion of carbon fiber production to become a top global supplier
• Developing tailored CFRPP grades for high-volume automotive applications
• Strategic partnerships with Korean and international automakers

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2️⃣ 9. DowAksa Advanced Composites Holdings

Headquarters: Istanbul, Turkey
Key Offering: Carbon fiber, thermoplastic composite materials

DowAksa, a joint venture between Dow Chemical and Aksa Akrilik, is a significant player focusing on the commercialization of carbon fiber and composites. The company is investing in CFRPP development to provide lightweighting solutions that bridge the performance gap between standard plastics and engineering composites.

Innovation & Market Initiatives:

• Leveraging Dow’s polymer science and Aksa’s carbon fiber manufacturing
• Targeting cost-effective CFRPP solutions for mid-range vehicle segments
• Focus on applications where corrosion resistance and weight savings are critical

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1️⃣ 10. Nippon Carbon Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Carbon fiber products, composite materials

Nippon Carbon, with its long history in carbon materials, supplies carbon fiber for various composite applications. The company is involved in developing CFRPP formulations that meet the specific mechanical and thermal requirements of automotive components, contributing to the industry’s lightweighting goals.

Innovation & Market Initiatives:

• Research into optimizing the interface between carbon fiber and polypropylene matrix
• Developing materials for both exterior and interior automotive parts
• Collaborating with material compounders and part manufacturers

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Automotive Carbon Fiber Reinforced Polypropylene Market – View in Detailed Research Report

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🚗 Outlook: The Road Ahead for Automotive CFRPP is Lighter and Stronger

The Automotive CFRPP market is at a pivotal juncture. While adoption is currently strongest in premium and performance vehicles, technological advancements and cost-reduction efforts are steadily making these materials viable for high-volume mainstream models. The transition to electric mobility acts as a powerful catalyst, as every kilogram saved extends battery range and improves overall efficiency.

📈 Key Trends Shaping the Market:

• Rising demand for CFRPP in EV battery enclosures, interior structures, and body panels
• Development of faster molding cycles and automated production techniques to lower costs
• Increasing regulatory pressure for lower vehicle emissions driving lightweighting mandates
• Growth of closed-loop recycling initiatives for CFRPP to enhance sustainability credentials

Get Full Report Here:
Automotive Carbon Fiber Reinforced Polypropylene Market – View in Detailed Research Report

The companies profiled above are not merely supplying materials—they are enabling the next generation of cleaner, safer, and more efficient vehicles by turning the vision of widespread lightweight composite adoption into a commercial reality.