Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP Market Insights Video

According to Cognitive Market Research, The Global Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP market size is USD 30.5 billion in 2023 andwill expand at a compound annual growth rate (CAGR) of 13.50% from 2023 to 2030.

• The demand for Carbon Fibers and Carbon Fiber Reinforced Plastics CFRPs is rising due to the increasing demand from developing countries, and the decreases in the price of carbon fiber have fueled the growth of the industry.
• Demand for PAN-Based Carbon Fiber remains higher in the Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP market.
• The Aerospace and Defense category held the highest Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP market revenue share in 2023.
• North American Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP will continue to lead, whereas the Asia Pacific Carbon Fibers and Carbon Fiber Reinforced Plastics CFRP market will experience the most substantial growth until 2030.