Carbon Fiber Market Trends | Toray Industries, Inc (Japan), Teijin Limited (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan)
Carbon Fiber Market Trends Overview: The Carbon Fiber Market has enough market provision that can make the market achieve a CAGR of 10.6% and can attain a valuation of USD 7.8 billion between 2018 and 2023., which has been considered by Market Research Future (MRFR) as the forecast period for a better analytical understanding of the market. The global market for carbon fiber is banking on new carbon fiber technology that can bring in innovations. Carbon fiber can be termed as a polymer that is known as graphite fiber. It is light in weight and is strong-stronger than steel. Its ability to exhibit high tensile strength, resistance to chemicals, low thermal expansion, and heat-resistance ability can promote the demand for the market. These factors can ensure the Carbon Fiber Market's future in several end-user industries. Carbon fiber as raw material is expected to find growth with the automobile and aerospace industries among many. Its proliferation into sporting industries and t...