The global Carbon fiber market was valued to be worth 14.55 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4.4 percent, achieving a value of around USD 18.85 MMT by 2027. The Carbon fiber market report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The trade is being driven by soaring amount demanded from a wide range of industries, including elastomer reinforcements, paints and varnishes, and polyester. The Asia Pacific is the biggest category spender by region which is impelling the demand for the Carbon fiber market.
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