Global Analysis of Thermosetting Cfrp Market Size, Growth and Forecast
Report ID : 1370948 | Published : August 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Thermosetting Cfrp Market is categorized based on Raw Materials (Epoxy Resins, Phenolic Resins, Polyester Resins, Vinyl Ester Resins, Polyurethane Resins) and Manufacturing Process (Hand Layup, Spray Up, Filament Winding, Compression Molding, Resin Transfer Molding) and End-Use Industries (Aerospace, Automotive, Construction, Electronics, Marine) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
With a valuation of USD 1.5 billion in 2023, the Thermosetting Cfrp Market is expected to reach USD 3.8 billion by 2033, growing at a CAGR of 9.5% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.
The market for Thermosetting Carbon Fiber Reinforced Polymer (CFRP) is witnessing rapid expansion as there is increasing understanding amongst industries about the material’s properties and benefits. Thermosetting CFRP has gained preference in areas such as aerospace, automotive and construction due to its unique strength to weight ratio, temperature and chemical stability. The pressure on companies to deliver efficient solutions which improve performance and decrease weight is further increasing the use of thermosetting CFRP and hence development in manufacturing processes and application increases.
This emerging out and out extending market comprises of several applications which take advantage of the material's strength and flexibility. From high-performance parts in commercial aircraft to lightweight structures on electric vehicles, thermosetting CFRP begins to alter the design and manufacturing approaches in the industries. Also, these new global concerns around the environment accompanied by the adequate use of energy will stimulate the creativity of scientists and investors and this enhancement would use newer formulations and processes. In this ever-changing context, investors wanting to take advantage of increasing prospects provided by thermosetting CFRP market have to be well versed with current market trends, major players and technologies.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Toray Industries, SABIC, Hexcel Corporation, Mitsubishi Chemical Corporation, Solvay S.A., Teijin Limited, Huntsman Corporation, SGL Carbon, Formosa Plastics Corporation, BASF SE, Owens Corning |
| SEGMENTS COVERED |
By Raw Materials - Epoxy Resins, Phenolic Resins, Polyester Resins, Vinyl Ester Resins, Polyurethane Resins
By Manufacturing Process - Hand Layup, Spray Up, Filament Winding, Compression Molding, Resin Transfer Molding
By End-Use Industries - Aerospace, Automotive, Construction, Electronics, Marine
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Thermosetting Cfrp Market Dynamics
The Thermosetting Cfrp Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Thermosetting Cfrp Market Segmentations
Market Breakup by Raw Materials
- Overview
- Epoxy Resins
- Phenolic Resins
- Polyester Resins
- Vinyl Ester Resins
- Polyurethane Resins
Market Breakup by Manufacturing Process
- Overview
- Hand Layup
- Spray Up
- Filament Winding
- Compression Molding
- Resin Transfer Molding
Market Breakup by End-Use Industries
- Overview
- Aerospace
- Automotive
- Construction
- Electronics
- Marine
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Thermosetting Cfrp Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Toray Industries
- SABIC
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Solvay S.A.
- Teijin Limited
- Huntsman Corporation
- SGL Carbon
- Formosa Plastics Corporation
- BASF SE
- Owens Corning
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Company Profiling
● Detailed profiling of additional market players (up to three players)
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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