The #carbonfiber market is projected to grow USD 7.1 billion in 2023 and is projected to reach USD 23.2 billion by 2033, at a CAGR of 13.2%, in terms of value, from 2023 to 2033. During the forecast period, the global #carbon #fiber market is expected to grow in the coming years, the demand for carbon fibers is on the rise across diverse end-use industries due unique properties and growing applications of carbon fibers. Industries such as #Aerospace & Defense, Wind Energy, autmotive, pipes, sporting goods, medical & healthcare, construction & infrastructure, and Pressure Vessels (Tanks) rely on carbon fibers. The market is also expected to benefit from technological advancements in carbon fiber manufacturing processes, making the material high-quality, vibrant, and durable. https://www.marketsandmarkets.com/Market-Reports/carbon-fiber-396.html