Rayon-Based Carbon Fiber Market Insights Video

According to Cognitive Market Research, The Global Rayon Based Carbon Fiber market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 9.60% from 2023 to 2030.

• The demand for Rayon-based carbon Fiber is rising due to the increasing demand for lightweight and high-performance materials in the automotive and Aerospace industries and the Rising demand from the wind energy sector.
• Demand for Long Fiber remains higher in the Rayon-based Carbon Fiber market.
• The Aerospace category held the highest Rayon-based carbon Fiber market revenue share in 2023.
• North American rayon-based carbon fibre will continue to lead, whereas the Asia-Pacific rayon-based carbon fibre market will experience the most substantial growth until 2030.