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The carbon fiber market size is estimated to grow by USD 2.48 billion at a CAGR of 6.5% between 2023 and 2028. The market's expansion is influenced by several key factors. Firstly, the aerospace and defense sector's rising use of carbon fibers and automotive carbon fiber components, known for their lightweight and durable properties, drives demand. Secondly, the growth of wind power capacities, where carbon fibers and wind turbine composite materials are used in turbine blades for their strength and flexibility, further boosts the market. Lastly, increasing collaborations and partnerships within the industry foster innovation and product development, supporting market growth. Additionally, the increasing adoption of automotive applications for their lightweight and high-strength properties contributes to market growth. Moreover, the growing demand in sectors such as construction, particularly in infrastructure projects, further propels market expansion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Raw Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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