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...