Pitch-Based Carbon Fiber Market: Revenue, Region & Country Share, Trends, Growth Analysis Till 2027
Market Highlights The Pitch-Based Carbon Fiber Market is expected to be USD 104,337.2 thousand in US Dollars by December of 2027 . The CAGR during this period is expected to be 6.5%. The demand for carbon fibers has increased in the aerospace & defense industry since the past two decades owing to their superior performance characteristics over metals. Carbon fiber exhibits high tensile strength, chemical resistance, stiffness, low thermal expansion, and low weight properties. Its lightweight yet durable property is particularly driving its demand in the aerospace & defense industry. Back in the 1900s, the aerospace industry used aluminum as a primary construction material for aircraft as it is a durable metal. However, aluminum is heavier as compared to carbon fiber, which increases the overall weight of an aircraft. Also, the weight of passengers and cargoes (luggage) also add to the overall weight of aircraft. The high weight of aircraft increase...