What Happened
Global Demand for Lightweight Materials Drives Growth
The global carbon fiber market is expected to grow from $6.41 billion in 2026 to $9.07 billion by 2031, driven by increasing demand for lightweight and high-performance materials in aerospace, automotive, wind energy, and other industries. Virgin carbon fiber maintains the largest market share by value, while pressure vessels are the fastest-growing end-use segment. The market is projected to register a 7.2% CAGR during the forecast period, with Asia Pacific expected to record the highest regional growth. This growth was reported by ResearchAndMarkets.com.