CARBON FIBER MARKET Size and trends

Carbon Fiber Market Size and Trends

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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Carbon fibers witness huge demand from industries, such as aerospace & defense, wind energy, automotive & transportation, and others, due to its lightweight and high tensile strength properties. Key factors boosting the demand for carbon fiber include growing aerospace industry with increased aircraft deliveries and development of low-cost carbon fibers. Stringent environmental regulations mandating the reduction of vehicular weight also boosts the adoption of carbon fiber composites in the automotive industry. Other trends include the development of low-cost carbon fiber manufacturing processes and increased R&D investments by manufacturers.