Long Carbon Fiber Reinforced Resin Market size was valued at USD 2.35 Billion in 2024 and is projected to reach USD 4.78 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global Long Carbon Fiber Reinforced Resin market size was valued at approximately USD 2.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2023 to 2030. This market growth is driven by the increasing demand for lightweight and durable materials in various industries, such as automotive, aerospace, and sports equipment. The market is witnessing a surge in adoption due to the material’s superior mechanical properties, including high strength, stiffness, and resistance to environmental factors. Rising applications in industries focused on enhancing fuel efficiency and performance are anticipated to contribute significantly to market expansion in the coming years. Regionally, North America accounted for the largest share of the Long Carbon Fiber Reinforced Resin market in 2022, with a market value of approximately USD 1.1 billion. This dominance is attributed to the high adoption rate in the aerospace and automotive sectors, where advanced materials are increasingly being integrated into production processes. Europe followed with a significant share, driven by strong demand from the automotive and sports industries, while the Asia Pacific region is expected to witness the highest growth during the forecast period, with a CAGR of 12.8%. The demand for these materials is particularly rising in countries like China, Japan, and India, as industries in these regions are rapidly advancing in lightweight and high performance material applications.
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PlastiComp
Sumitomo Bakelite
Avient
Polyplastics
Teijin
Toray
Mitsubishi Chemical
SGL Carbon
Hexcel
3M
BASF
Huntsman
Hexion
Polynt
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Long Carbon Fiber Reinforced Resin Market
Aerospace & Defense
Automotive
Sporting Goods
Construction
Electrical & Electronics
Unidirectional Carbon Fiber
Bidirectional Carbon Fiber
Multi-axial Carbon Fiber
Epoxy
Polyester
Vinyl Ester
Phenolic
Injection Molding
Compression Molding
Layup Molding
Filament Winding
Aerospace
Automotive
Sports & Recreation
Marine
Energy
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Long Carbon Fiber Reinforced Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Long Carbon Fiber Reinforced Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Long Carbon Fiber Reinforced Resin Market, By Type
6. Global Long Carbon Fiber Reinforced Resin Market, By Application
7. Global Long Carbon Fiber Reinforced Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Long Carbon Fiber Reinforced Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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