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Carbon Fiber Companies Data Analysis to 2031
Carbon fiber possesses remarkable mechanical strength, stiffness, and heat and chemical resistance. They are significantly lighter than steel or aluminum but exhibit relative or superior strength. This makes carbon fiber sought-after material in applications where weight reduction is crucial such as aerospace, automotive, sports equipment, and industrial sectors.The market is expected to register a CAGR of 8.2%.
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Based on Material type, the carbon fiber market is segmented into polyacrylonitrile-based and pitch-based. The polyacrylonitrile-based segment held a larger market share in 2023.
Based on application, the carbon fiber market is segmented into composite materials, microelectrodes, and others. The composite materials segment held the largest market share in 2023.
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