Newark, June 06, 2023 (GLOBE NEWSWIRE) — The global carbon fiber market is expected to grow from USD 4.1 billion in 2021 to USD 9.05 billion by 2030, at a CAGR of 9.2% during the forecast period 2022-2030. The market is anticipated to be driven by the rising demand for carbon composites from the wind energy and aerospace and defense industries. Furthermore, the increasing number of stringent government measures and government funding to reduce carbon emissions by using lightweight vehicles adds impetus to the market’s growth during the forecast period.
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(GlobeNewsWire)