Carbon is vital to the existence of all living organisms, since it forms the basis of all organic molecules that, in turn, form the basis of all living beings. While that alone is pretty impressive, it has recently found surprisingly novel applications in disciplines such as aerospace and civil engineering with the development of carbon fibers that are stronger, stiffer, and lighter than steel. Consequently, carbon fibers have taken over steel in high-performance products like aircrafts, racecars, and sports equipment.
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Source: Phys.org