Carbon Fiber Market Poised to Expand Substantially through 2029 Owing to High Demand in Aerospace Industry

Carbon fiber is a long, thin strand of material about 0.00025 inches in diameter and composed mostly of carbon atoms. The fiber has outstanding tensile strength and is very lightweight, and it is commonly used to make lightweight and strong, carbon-fiber-reinforced polymer composites. These composites are used in many industries due to their high strength-to-weight ratio and anticorrosion properties.

Carbon fiber market is estimated to be valued at USD 5.69 Bn in 2025 and is expected to reach USD 10.33 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.9% from 2025 to 2032.

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