The global carbon fiber market was valued at USD 8.81 billion in 2024 and is projected to expand at a CAGR of 12.9% from 2025 to 2034, driven by rapid industrial adoption across transportation, aerospace, energy, and infrastructure. The regional distribution of this growth reflects varying levels of technological advancement, regulatory backing, and integration into cross-border supply chains. North America, Europe, and Asia Pacific dominate in both production and consumption, each region shaped by unique geopolitical and industrial policies that define market penetration strategies.
In North America, the carbon fiber indu
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