Carbon Fiber Market - Forecast(2021 - 2026)
Carbon Fiber Market Overview Carbon Fiber Market size is forecast to reach $11.2 billion by 2026 , after growing at a CAGR of 11.5% during 2021-2026 . Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. Growing demand for lightweight products from aerospace & defense, automotive, and wind energy industries and minimizing carbon emissions are driving the market growth. Whereas, the growing building and construction sector in the emerging country is also driving the market growth. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth. Carbon Fiber Market Report Coverage The report: “ Carbon Fiber Market – Forecast (2021-2026) ”, by IndustryARC, co