Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19 Billion | USD 30 Billion | 6% | 2021 |
FrequentlyAsked Questions
The global Carbon fiber composite market cap will be supported by the aircraft manufacturers, various initiatives that support the programs for the development of this technology, increasing demand of vehicles, and technologies that utilize wind energy.
According to the report, the global carbon fiber composite market size was worth around USD 19 billion in 2021 and is predicted to grow to around USD 30 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6% between 2022 and 2028.
The global Carbon fiber composite market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of key players in the USA.
The global Carbon fiber composite market is dominated by players like Toray+Zoltek, SGL, Toho, MRC, Hexcel, Rock West Composites, and Hengshen.
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