Carbon Fiber Market Analysis: Exploring Opportunities, Trends and Future Outlook
The carbon fiber market is projected to grow USD 7.1 billion in 2023 and is projected to reach USD 23.2 billion by 2033, at a CAGR of 13.2%, in terms of value, from 2023 to 2033. During the forecast period, the global carbon fiber market is expected to grow in the coming years, the demand for carbon fibers is on the rise across diverse end-use industries due unique properties and growing applications...
Carbon Fiber Market is Projected Worth $21.7 Billion by 2032 with a 12.9% CAGR
The carbon fiber market size is estimated to be USD 3.7 billion in 2020 and is projected to reach USD 8.9 billion by 2031, at a CAGR of 8.6% during the forecast period. The demand for clean fuels such as CNG and hydrogen is increasing globally, resulting in increase in demand for carbon fibers in CNG and hydrogen tank manufacturing. Also, the growth in the number of on-shore and off-shore...