The future of the carbon fiber market looks attractive with opportunities in the aerospace, industrial, and sporting goods industries. The global carbon fiber market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.8 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for market growth are growing demand for high performance and lightweight composite materials and increasing performance requirements in the end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of new applications and initiatives to innovate and commercialize the use of alternative precursors to reduce the manufacturing costs of carbon fiber.
A total of 157 figures / charts and 142 tables are provided in this 215 -page report to help in your business decisions. Sample figures with some insights are shown below.