Foodservice Packaging Market to Witness a Stunning 7.5% CAGR through 2017 to 2026
A splendid expansion at 8.1% CAGR has been projected for the global carbon fiber market , in terms of volume, between the forecast period 2017 and 2026. Revenues from worldwide sales of carbon fiber are poised to exceed US$ 5,500 Mn by 2026-end. Demand for carbon fiber has surged significantly owing to its properties including low moisture absorption, high temperature resistance, exceptional mechanical characteristics, and relatively lower price. Several architectural construction projects are creating high demand for carbon fiber-reinforced concrete, for example - repairing aging bridges and buildings. Use of carbon fibers significantly curtails time required for various construction activities, which in turn helps in reducing overall expenses. Apart from its application in the construction industry, the carbon fibers find large applications in the aerospace and automotive industries, particularly for reducing the weight of components utilized in aircrafts and vehicles. Growing ...