The market is projected to be valued at US$ 13.6 Bn by 2033.
The Carbon Fiber market is projected to grow at a CAGR of 13% by 2033.
The Carbon Fiber market growth drivers include rising aerospace and defense demand, rapid EV adoption, and expansion of wind energy capacity.
Asia Pacific is the dominating region for the Carbon Fiber market.
Toray Industries, Teijin Limited, Mitsubishi Chemical Group, Hexcel Corporation, and SGL Carbon are some leading industry players in the Carbon Fiber market.