CHICAGO, Sept. 24, 2019 /PRNewswire/ — According to the new market research report ”Carbon Fiber Market by Raw Material (PAN, Pitch, Rayon), Fiber Type (Virgin, Recycled), Product Type, Modulus, Application (Composite, Non-composite), End-use Industry (A & D, Automotive, Wind Energy), and Region – Global Forecast to 2029″, published by MarketsandMarkets™, the Carbon Fiber Market is expected to grow from USD 4.7 billion in 2019 to USD 13.3 billion by 2029, at a CAGR of 11.0% during the forecast period. The carbon fiber market is growing due to its increasing demand from the aerospace & defense, automotive, and wind energy industries. Boeing and Airbus have increased the production of commercial aircraft to cater to the rising airline passenger traffic. The increasing use of carbon fiber in electric cars and rising aircraft production are the major drivers for the market. https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=396Browse in-depth TOC on ”Carbon Fiber Market”88 – Tables 55 – Figures 169 – Pages The carbon fiber market is further divided into application segments, which include composite and non-composite. Carbon fiber comp...