Ceskaa Market Research reports that the global market for carbon fiber and carbon fiber reinforced plastic between 2015 and 2020 will grow at a CAGR of 11.4% and 12.3% respectively.

The European region dominates the carbon fiber and carbon fiber reinforced plastic market globally followed by Asia-Pacific and North America. Europe recently accounted for 35% of the total market for carbon fiber followed byAsia-Pacific and North America.

The report also highlights the major drivers and challenges related to carbon fiber and carbon fiber reinforced plastic market also focuses on the market share for major companies, including their profiles.

The global market for carbon fiber is expected to grow from $1.8 billion in 2014 to $2.1 billion in 2015 at a year-on-year (YOY) growth rate of 10.6%. 

This story is reprinted from material from Ceskaa, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.