According to Cognitive Market Research, The Global Carbon Fiber Based on PAN market size is USD 3.8 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 12.10% from 2023 to 2030.
The demand for carbon fiber based on PAN is rising due to the increase in demand for EVs.
Demand for long carbon fiber remains higher in the carbon fiber based on PAN market.
The automobile industry category held the highest carbon fiber based on PAN market revenue share in 2023.
Europe will continue to lead, whereas the North American carbon fiber based on PAN market will experience the most substantial growth until 2030.
