Product ID: SQMIG15E2145
Report ID:
SQMIG15E2145 |
Region:
Global |
Published Date: February, 2024
Pages:
221
|
Tables:
92 |
Figures:
76
Carbon Fiber Market size was valued at USD 4.12 billion in 2019 and is poised to grow from USD 4.51 billion in 2023 to USD 9.27 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
Carbon fiber is made up of carbon atoms that are linked together to form a long carbon chain. They range in size from 5 to 10 micrometers. Hundreds of fibers are joined to create a tow, which is often used in fabric. Carbon fibers have a low weight to strength ratio, high chemical resistance, high temperature tolerance, high stiffness, high tensile strength, and minimal thermal expansion.
The impending expansion in the vehicle, aerospace and defense, and wind energy industries will boost market growth. The entire market is expected to be driven by rising automotive demand and an increased desire for lightweight automobiles. The demand for fuel-efficient vehicles, as well as stringent government laws governing carbon emissions, are driving the market outlook.
US Carbon Fiber Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONCarbon Fiber Market size was valued at USD 4.12 billion in 2019 and is poised to grow from USD 4.51 billion in 2023 to USD 9.27 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
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Product ID: SQMIG15E2145