Carbon Fiber Reinforced Polymer Composite - Automotive Composite Market Statistics

The global carbon fiber reinforced polymer composite automotive composite market size was valued at US$ 5,112.6 million in 2019 and is estimated to grow at a compound annual growth rate (CAGR) of 3.7% from 2019 to 2027.

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Global carbon fiber reinforced polymer composite automotive composite market statistics, 2016-2027 (US$M)

Global carbon fiber reinforced polymer composite automotive composite market statistics, 2016-2027 (US$M)

Carbon fiber reinforced polymer composite - Automotive composite market highlights

  • The global carbon fiber reinforced polymer composite segment generated a revenue of USD 5,112.6 million in 2019 and is expected to reach USD 6,833.4 million by 2027.
  • The market is expected to grow at a CAGR (2020 - 2027) of 5.5% by 2027.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2019.
  • Country-wise, India is expected to register the highest CAGR from 2020 to 2027.

Market summary

Market revenue in 2019USD 5,112.6 million
Market revenue in 2027USD 6,833.4 million
Growth rate5.5% (CAGR from 2020 to 2027)
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million

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