Global Carbon Fiber Resins Market to Reach $1.6 Billion by 2030
The global market for Carbon Fiber Resins estimated at US$668.1 Million in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 13.1% over the period 2023-2030. Thermoset Carbon Fiber Resins, one of the segments analyzed in the report, is expected to record 12.8% CAGR and reach US$952.6 Million by the end of the analysis period. Growth in the Thermoplastic Carbon Fiber Resins segment is estimated at 13.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $202.9 Million, While China is Forecast to Grow at 12.5% CAGR
The Carbon Fiber Resins market in the U.S. is estimated at US$202.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$272.3 Million by the year 2030 trailing a CAGR of 12.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 11.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
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