Green Carbon Fiber Market by Source (Bio-based Carbon Fiber, Recycled Carbon Fiber), by Application (Aerospace, Automotive & Transportation, Wind Energy, Sporting Goods, And Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The global green carbon fiber market is projected to grow at a CAGR of 6.2% from 2021 to 2031, expected to reach a size of USD 1.56 billion by 2031. Green Carbon Fiber therefore refers to the environmentally friendly carbon fiber; carbon fiber that is made from environmentally friendly processes and or materials. This fiber is used in many different sectors such as automotive, aerospace and sports industry where light weight high strength materials are essential. Derived from renewable sources such as biomass or recycled carbon fiber, it helps to decrease fossil fuel usage and alleviate pressure on the environment. It exhibits many characteristics of conventional carbon fiber which includes high strength-to weight ratio, and it is also immune to corrosion. It produces fewer emissions of greenhouse gases and requires less energy than is needed in conventional approaches. The latest market shift indicates an increasing demand for the use of green materials to meet the increasing need for sustainable composite materials such as the Green Carbon Fiber. As industries think towards sustainability, this variant has a great potential of shaping the future of composite materials.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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