- In May 2024, according to an article by SMI Composites, LLC, SMI Composites recently released a comprehensive guide on the use of carbon fiber in advanced technology, highlighting its applications across industries such as aerospace, automotive, and sports. The guide underscores carbon fiber's lightweight, high-strength properties and explores its growing role in innovative technological advancements
- In October 2023, according to an article by TORAY INDUSTRIES, INC. , Toray Industries has launched a new carbon fiber reinforced thermoplastic, designed for lightweight and high-performance applications in the automotive and aerospace sectors. This innovative material enhances durability and reduces weight, aligning with industry trends towards sustainability and efficiency, marking a significant advancement in composite material technology
Frequently Asked Questions
The market is segmented based on Global Carbon Fiber for Sports Market Segmentation, By Sports Type (Golf, Racquet Sports, Snowboarding & Skiing, Cycling, Hockey, and Others), Carbon Fiber Type (PAN-Based and Pitch-Based), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, and Online) – Industry Trends and Forecast to 2031
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The Global Carbon Fiber For Sports Market size was valued at USD 1.73 USD Billion in 2023.
The Global Carbon Fiber For Sports Market is projected to grow at a CAGR of 7.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
