Carbon Fiber reinforced Plastic - CFRP Market Insights Video
According to Cognitive Market Research, the global Carbon Fiber Reinforced Plastic - CFRP market size will be USD 24154.2 million in 2024. It will grow at the compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.68 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.2% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7246.26 million.
Asia Pacific held a market share of around 23% of the global revenue with the market size of USD 5555.47 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.0% from the year 2024 to 2031.
Latin America had a market share of more than 5% of global revenue with a market size of USD 1207.71 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.4% from the year 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.08 million in 2024 and will rise at a compound annual growth rate (CAGR) of 7.7% from the year 2024 to 2031.
The aerospace & defense category is the fastest growing segment of the Carbon Fiber reinforced Plastic - CFRP industry
