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The global carbon fiber reinforced plastic market is anticipated to grow with a CAGR of ~8% during the forecast period, i.e. 2023-2033. The market is segmented by application into aerospace & defense, wind turbine, automotive, sports equipment, building & construction, and others. Out of these, the automotive segment is attributed to garner the highest market share by 2033, owing to the high sales of the vehicles across the globe.
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