Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. The Carbon Fiber Market was estimated to grow from USD 4.23 billion in 2021 to USD 7.34 billion in 2028 at a CAGR of 8.09% during 2022-2028.
Europe is estimated to be the largest as well as the fastest-growing region in the market during 2022-2028.