Carbon fibre reinforced plastics market could reach by 2022 $23 billion by 2022 The global market for carbon fibre reinforced plastics is expected to reach more than USD 23 billion (approx. 21 billion) over the next six years, according to US business consultancy Grand View Research. The study found that vehicles fuel efficiency and weight reduction for vehicles. US and European regulations are encouraging manufacturers to increase the use of lighter, carbon fibre-reinforced plastics.