From GlobeNewswire: 2025-06-05 08:25:00

The global carbon fiber market is experiencing significant growth due to increased demand for lightweight materials in the aerospace and defense industry. The market is expected to reach US$ 7.46 billion by 2031 with a CAGR of 8.5%. Carbon fiber is also seeing rising use in automotive industries, offering potential for improved vehicle efficiency. Green carbon fiber is in high demand for its sustainability and cost-effectiveness, driving further market growth.

In 2023, Asia Pacific led the carbon fiber market, followed by Europe and North America. Asia Pacific is expected to have the highest CAGR in the forecast period. Major companies in the carbon fiber market include DowAksa, Hexcel Corporation, Mitsubishi Chemical Corporation, and more. The market is segmented by raw material, fiber type, application, end-use industry, and region.

Carbon fiber is a durable and high-strength material with applications in aerospace, automotive, and construction industries. Despite high manufacturing costs, the growing adoption of carbon fiber in sporting goods presents growth opportunities. The Insight Partners report provides valuable insights for stakeholders to navigate the evolving market landscape and unlock new opportunities. For more information, visit the provided link.



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