According to Cognitive Market Research, The Global Carbon Fiber Composite market size is USD 20.2 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.
The demand for carbon fiber composites is rising due to the rising demand in the aerospace industry.
Demand for pan-based carbon fiber remains higher in the carbon fiber composites market.
The virgin carbon fiber category held the highest carbon fiber composites market revenue share in 2023.
North America will continue to lead, whereas the European carbon fiber composites market will experience the most substantial growth until 2030.
