This page was printed from

Carbon fiber market outlook

Industry News, News | July 28, 2021 | By:

According to a report by, the global carbon fiber market is projected to grow from $3.7 billion in 2020 to $8.9 billion by 2031, at a CAGR of 8.6% between 2020 and 2031.

Carbon fibers are popular in aerospace, civil engineering, military and motorsports due to their high tensile strength, low weight and high temperature tolerance. Increasing demand from wind energy and aerospace and defense industries is expected to drive the growth of the market between the forecast period.

Share this Story