Carbon Fiber Market Size Is Projected To Reach USD 10.68 Billion By 2030
San Francisco, 30 Aug 2024: The Report Carbon Fiber Market Size, Share & Trends Analysis Report By Raw Material (PAN-Based, Pitch-Based), By Tow Size, By Application (Automotive, Aerospace & Defense), By Region, And Segment Forecasts, 2023 - 2030 The global carbon fiber market is expected to reach USD 10.68 billion by 2030, registering a CAGR of 5.4% from 2023 to 2030 according to a new report by Grand View Research, Inc., This growth is attributed to the increasing adoption of carbon fiber in the automotive and aerospace industry. The increasing demand for commercial aviation due to rising disposable income and globalization has catered to the growth of the aerospace industry over the last few years. This trend is likely to continue over the coming years as well. Moreover, the rise in demand for sports and leisure applications due to the increasing population, particularly in the Asia Pacific region, is also likely to propel the demand for carbon fiber in the market. The