Carbon Fibre Reinforced Plastic Price Trend and Forecast

Carbon Fibre Reinforced Plastic Regional Price Overview

Get the latest insights on price movement and trend analysis of Carbon Fibre Reinforced Plastic in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Carbon Fibre Reinforced Plastic Price Trend for the Year 2024

Asia

The Asian CFRP market experienced significant volatility throughout 2024. The year began with moderate growth that quickly faltered as raw material costs fluctuated. By mid-year, Chinese manufacturers faced substantial challenges from overcapacity and sluggish domestic demand, triggering aggressive price-cutting strategies. Competition intensified in Q3, particularly in East China, leading to steep price deterioration across standard grades.
 

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While specialized aerospace materials maintained some stability due to consistent defense sector orders, the broader market continued its downward trajectory through Q4. Manufacturers benefited from improved raw material economics but couldn't translate these savings into better margins due to persistently weak demand from automotive and wind energy sectors.

Europe

European CFRP markets showed greater resilience in 2024, maintaining relative price stability with a slight upward bias. Early-year fluctuations stemming from energy cost concerns and supply chain disruptions gradually stabilized by Q2. Regional manufacturers implemented tiered pricing strategies to protect margins while preserving market share.

Strong demand from the growing wind energy sector and established aerospace industry provided crucial support throughout the year. By Q4, increased production costs from energy expenses and environmental compliance pushed prices moderately higher, though actual procurement remained cautious due to broader economic uncertainties.

North America

The North American CFRP market displayed mixed trends throughout 2024. After a sluggish Q1 start, prices strengthened briefly before facing downward pressure from inventory buildups and weakening industrial demand. Weather disruptions, including Hurricane Francine, created temporary regional supply constraints that supported prices intermittently.

The aerospace and defense sectors provided consistent demand, allowing specialized grade producers to maintain healthier margins than commodity-grade manufacturers. Year-end brought stabilization as improved raw material economics offset reduced consumption from construction and general industrial applications.

Future Outlook

According to Procurement Resource, CFRP prices will likely face continued pressure in early 2025 due to persistent global overcapacity. However, increasing adoption in emerging applications like hydrogen storage, urban air mobility, and electric vehicles could provide support in the medium term, particularly for specialized grades.
 

Carbon Fibre Reinforced Plastic Price Trend for the Second Half of 2023

Asia

CFRP or Carbon Fibre Reinforced Plastic is a reinforced type of plastic that is being capaciously utilized in modern-day technological manufacturing in various sectors like aerospace, automobiles, robotics, sports, automation, etc. So, the market behavior is largely dependent on the demand fluctuations of all these sectors.

During the first half of the discussed span in Q3’23, the market prices were mostly observed to be wavering high as the demands from the above-mentioned industries kept rising. Suppliers increased production to garner more revenue and fill the supply gaps. This surge in the price graph went on till the middle of the following quarter. It was during the last months of Q4 that the prices dipped owing to the decline in industrial consumption during the New Year holiday season. Overall, positive market behavior was observed.

Europe

Despite some occasional reverse fluctuations, the Carbon Fibre Reinforced Plastic market outlook in Europe was generally positive for the most part. Influenced by the Asian market the prices here mostly dwelled on the inclined side of the curve. The purchasing power of the region started improving again after the economic mayhem of the previous years. This fueled up the regional manufacturing sector as well, and thus, a rising price trend was obtained for the most period. Some downward movement was seen during the later months of Q4.

North America

The North American Carbon Fibre Reinforced Plastic industry closely mimicked the growth in its Asian and European counterparts during the given period. The prices were observed to be inclining steadily here as well. With very supportive downstream demands and cautious suppliers, the market momentum was observed to be very positive throughout.

Analyst Insight

According to Procurement Resource, the Carbon Fibre Reinforced Plastic market has positive projections for the coming months. Given the current consumption patterns, the prices are expected to continue rising.
 

Carbon Fibre Reinforced Plastic Price Trend for the First Half of 2023

Asia

The price trend of carbon fiber reinforced plastics declined in the first and second quarters of 2023 as the market activities of its feedstock materials slipped during this time phase. The cost of feedstock materials was hit by low demand from downstream industries and high levels of inventories.

In the second quarter, the Asian currencies were challenged by the soaring rates of the US dollar, which impacted trading activities. In addition to this, the market in China remained suspended due to the onset of the Dragon Boat Festival, which further hindered the growth of carbon fiber reinforced plastics prices.

Europe

The European countries witnessed sluggish movement of carbon fiber reinforced plastics price trend as the cost of feedstock materials slumped. In the first quarter, the price trend was negatively impacted by low demand from the downstream industries and high uncertainties in the natural gas sector.

In the initial phase of the second quarter, the limited supply of feedstocks due to the closure of some manufacturing units supported the prices of carbon fiber reinforced plastics as they became stabilized. However, due to the poor purchasing potential of buyers and the increase in bank rates, the price trend of carbon fiber reinforced plastics dipped southwards.

North America

The carbon fiber reinforced plastics market showcased weak movement in the North American region. In the first quarter, the demand from downstream industries remained stagnant, and with the reduced number of offtakes, the price trend of carbon fiber reinforced plastics suffered throughout the first quarter.

In the second quarter, the rates of production were affected by the closure of certain production plants. In addition to this rising rate of inflation, bank interests showcased signs of recession that further pushed the price trend of carbon fiber reinforced plastics towards a negative region.

Analyst Insight

According to Procurement Resource, the price trend of Carbon Fiber Reinforced Plastics is estimated to decline in the upcoming months. The demand from downstream industries seems low, and with highly uncertain market conditions, the price trend of carbon fiber reinforced plastics is expected to suffer.

Procurement Resource provides latest prices of Carbon Fibre Reinforced Plastic. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.