Carbon Fiber Composites Market Expected to Grow at 6.15% CAGR Through 2028
According to TechSci Research report, “ Carbon Fiber Composites Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Carbon Fiber Composites Market stood at USD 19.87 billion in 2022 and is anticipated to grow with a CAGR of 6.15% and is expected to reach USD 31.17 billion by 2028. Carbon fiber composites possess remarkable attributes, including excellent resistance to corrosion, minimal thermal expansion, and exceptional durability, making them highly sought-after materials in the aerospace industry. Furthermore, the growing production of aircraft is poised to drive significant expansion in the carbon fiber composites sector in the foreseeable future. The market is currently witnessing a wave of material innovations, notably the emergence of Carbon Fiber Reinforced Thermoplastic (CFRTP). Advanced CFRTP, supported by mass production technology, boasts an impressively short molding time ...