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Carbon Fiber Market by Size, Growth, Trends and Forecast

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Rahul Mengane
Carbon Fiber Market by Size, Growth, Trends and Forecast

Carbon Fiber Market Outlook 2031

  • The global carbon fiber market was valued at US$ 2.5 Bn in 2021
  • It is estimated to grow at a CAGR of 6.8% from 2022 to 2031
  • The global carbon fiber market is expected to reach value of US$ 4.5 Bn by the end of 2031

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Analysts’ Viewpoint on Global Carbon Fiber Market Scenario

Carbon fiber is an extremely versatile material. This sleek composite is used in diverse high-performance applications, and recognized for its excellent strength and stiffness as compared to its weight. Carbon fiber is preferred everywhere, from high-end automobiles and sporting goods such as snow boards to aerospace and medical solutions. Aerospace engineers are focusing on carbon fiber material to build aircraft bodies, owing to its unique properties such as lightweight, high stiffness, high temperature tolerance, high chemical resistance, etc.

Overview of Global Carbon Fiber Market

Carbon fiber is a polymer and is sometimes known as graphite fiber. It is a very strong material that is also lightweight. Carbon fiber is five-times stronger than steel and twice as stiff. Carbon fiber possesses several advantages such as high stiffness, high tensile strength, high strength-to-weight ratio, high chemical resistance, high-temperature tolerance, and low thermal expansion, making it an ideal material to manufacture several parts. It is popularly utilized in specialized, high-performance products such as aircraft, racecars, and sporting equipment. Therefore, carbon fiber is favored by engineers and designers for manufacturing.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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