Carbon Fiber Composites Market Size, Share, Demand & Trends by 2032
The global carbon fibre composites market is anticipated at US$ 18.6 Billion in 2021. Due to the increasing adoption of carbon fiber composite materials in aerospace and automotive sectors, owing to several advantages are provided by these materials, thereby, garnering US$ 37.8 Billion in 2032, recording a CAGR of 6.5% from 2022-2032. The market is likely to secure US$ 19.81 Billion in 2022. Continuous breakthroughs in advanced carbon fibre composites, such as Carbon Fiber Reinforced Thermoplastic (CFRTP), as well as their vastly increased use in high-volume vehicles, will propel industry growth. Carbon fibre composites' unique characteristics, such as extreme strength, lightweight, corrosion resistance, equitable chemical reactivity, X-ray transparency, thermal conductivity, and low coefficient of thermal expansion, have elevated their relevance in heavy-duty applications. Request a Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15395 A