Carbon Fiber Market - Forecast(2021 - 2026)
Carbon fiber is a material which consists of very thin filaments of carbon atoms that have superior properties such as improved strength, increased stiffness, lower density, non-corrosiveness; electrical conductivity, and chemical inertness. These properties make it an ideal material in a variety of applications such as aerospace, military, automotive, sporting goods and industrial applications. Aerospace and automotive segments will be amongst the fastest growing segments for the next five years and the U.S. is projected to have the highest market share in carbon fiber production. The ever growing demand for fuel efficient vehicles is one of the major reasons of strong demand for carbon fiber as well as the focus on production of energy/electricity from renewable sources. Request Sample The market is dominated by the U.S. which has seen the highest consumption in the past years, owing to increased demand for carbon fiber in automotive and aerospace applications. The U.S. has seen the ...