The global market size for Carbon Fiber Market is expected to register a CAGR of 10.6% to reach USD 7.8 billion by 2027.
Carbon fibers are fibers with a diameter of 5–10 micrometers. Carbon fiber is a lengthy chain of carbon atoms linked together. High stiffness, high-temperature tolerance, low weight, good tensile strength, high chemical resistance, and minimal thermal expansion are only a few of the benefits of carbon fibers.
The carbon fiber market is expected to expand in response to rising demand from the wind energy industry. Furthermore, expanding demand from satellite and secondary aircraft parts manufacturing and strict eco-friendly regulations to increase the adoption rate of carbon fibers and related companies in automotive applications are all major market drivers that will accelerate the carbon fiber market growth rate. The market is also growing due to the rising utilization of carbon fiber in 3D printing and the development of low-cost manufacturing processes including plasma oxidation technology.
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