The carbon fiber market is expected to grow at a compound annual rate of more than 12 percent between 2020 and 2025, according to a market Research report released by Research and Markets in January 2020.Aerospace and defense demand will continue to grow rapidly.Carbon fibers are ideal for aerospace and defense applications because they provide the required strength, durability, and stability.Thanks to its lightweight and robust design, conventional metal structures are increasingly being replaced by carbon fiber reinforced plastics (CFRP) from aircraft.From the insides of airplanes or jets to the rotors of helicopters, composites are becoming an integral part of the aerospace industry.In the defense industry, CFRP can be used in missile defense, ground defense, and military Marine corps.In the asia-pacific region, the aerospace industry is growing at a rapid pace as many countries increase spending on defense platforms and technologies.In addition, southeast Asia remains the fastest growing region in terms of passenger travel.The increasing use of carbon fiber in aircraft, coupled with the increasing number of aircraft entering the market each year, is expected to provide significant growth opportunities for the carbon fiber market in the aerospace industry during the forecast period.

Link to this article:The CAGR Of The Carbon Fiber Market From 2020 To 2025 Will Exceed 12%

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