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Aerospace Carbon Fiber Market Overview

Aerospace Carbon Fiber Market Size Was Valued at USD 508.41 Million In 2023, And Is Projected to Reach USD 1409.86 Million By 2032, Growing at A CAGR of 12% From 2024-2032.

Carbon fiber is made up of carbon atoms and has a diameter of 5-10 micrometers. Nearly 90% of carbon fiber is made from polyacrylonitrile (PAN). The rest is made of rayon or petroleum pitch. Organic polymers having long chains of molecules bound by carbon atoms provide great stiffness, tensile strength, low weight, chemical resistance, high-temperature tolerance, and minimal thermal expansion in the fiber. Carbon fiber has grown increasingly popular in aerospace, military, motorsports, and other areas as a result of these qualities. Aerospace is a constantly changing and innovating industry. Carbon fiber composite materials have been utilized in planes, helicopters, and even space shuttles by aerospace engineers trying to make flight safer and more sustainable.

Carbon fiber is a unique material that can be molded into practically any shape with epoxy, even ones that are impossible to achieve with metals or without welding multiple pieces together and creating weak points. As a result, carbon fiber is a versatile material that may be employed in aircraft applications ranging from seats to frames. The utilization of carbon fiber in the aerospace industry has decreased the overall cost of manufacturing thus, boosting the growth of the aerospace carbon fiber market over the forecast period.

Market Dynamics And Key Factors For Aerospace Carbon Fiber Market

Drivers:

Lightweight Ness Reduces Petrol Consumption

Aluminum was utilized to construct planes in the past, which made them heavy and inefficient. However, the industry has shifted to carbon fiber due to its superior properties. Because Carbon Fiber is lightweight, the aircraft's fuel consumption can be lowered greatly, allowing it to travel longer distances. Carbon fiber gives the industry relief since it is long-lasting, corrosion-resistant, and fatigue-resistant, all of which are problems with metals. As a result, aircraft maintenance costs have dropped significantly. For instance, the Boeing 787 Dreamliner passenger airliner is made up of 50% composite material by weight, the majority of which is carbon fiber laminate or carbon fiber sandwich. Carbon fiber elements make up the plane's fuselage, or main body, as well as sections of the wings and tail. Aside from fuel efficiency, Boeing claims that carbon and other composite materials require less maintenance than metals since they do neither corrode nor fatigue. Carbon fiber planes are more profitable since they require less maintenance and have more flight duration thus, supporting the growth of the aerospace carbon fiber market.

Carbon Fiber Enhances Aerodynamic Performance And Reduces The Total Number Of Parts

Aerodynamics, in addition to decreasing weight, is a key component in improving aircraft fuel efficiency. The plane's design becomes more fuel-efficient as it becomes sleeker. Aircraft designers can more easily optimize the aerodynamics of a carbon-fiber aircraft because carbon fiber composite fabrication technologies can provide very smooth yet complex geometries. Furthermore, the stiffness of carbon fiber allows for the usage of swept wing designs in commercial aircraft, which reduces aerodynamic drag and decreases fuel consumption by up to 5%. Moreover, carbon fiber in the production of aircraft reduces the overall cost as it reduces the number of parts required to construct the plane. For instance, six million parts were required to build the Airbus A380. However, since carbon fiber composite parts are molded, each mold can be designed to integrate numerous different parts into one casting, reducing the number of parts required to manufacture the plane significantly. As there are fewer components to create the plane, manufacturing time is reduced thus, strengthening the growth of the aerospace carbon fiber market in the forecast period.

Restraints:

High Production Cost

The most significant disadvantage of carbon fiber composites is their high manufacturing costs. The majority of carbon fiber composites are made by manually laying down a few layers of carbon fabric. The entire procedure takes time and costs money. Carbon textiles, resin, and pre-pregs are among the more expensive materials utilized. A square meter of carbon pre-preg costs around 35-55 USD and 4-5 layers are needed to make a composite 2mm thick. Treatment of carbon fiber composites is followed by 3 or 5-axis CNC carbon fiber machining, which is frequently followed by a few topcoat layers, resulting in high production costs. Expensive equipment is required for advanced products, such as making carbon fiber composites with an autoclave, which further increases the manufacturing cost thus, hampering the growth of the aerospace carbon fiber market.

Opportunities:

New Aerodynamic Sleek Design

When compared to traditional metals, carbon fiber allows aircraft designers more flexibility when it comes to optimizing aerodynamic performance and reducing fuel consumption. This adaptability also allows for the modification of traditional plane designs. Future commercial aircraft may use fuselage and wing designs similar to those used by some military aircraft today. This form of design enhances the lift-to-drag ratio of a plane, making it more aerodynamically efficient while also lowering weight. A recent Airbus concept plane featured a plane with a thicker, curved fuselage, that was designed to improve airflow and increase cabin capacity. Longer, thinner wings would minimize drag while also increasing fuel economy. A U-shaped tail reduces engine noise by acting as a shield. The usage of carbon fiber in the production of aircraft allows innovation in the aircraft industry thus, creating new opportunities for the market players in the aerospace carbon fiber market.

Segmentation Analysis of Aerospace Carbon Fiber Market

By Application, the commercial fixed-wing aircraft segment is expected to have the highest share of the aerospace carbon fiber market over the forecasted timeframe. Aviation contributes nearly 4 percent of the global gross domestic product (GDP) and supports more than 65 million jobs around the world. More than 40 million commercial flights would have taken to the skies in 2020 if it had been a regular year, carrying more than 4.7 billion people and 65 million tonnes of cargo. Vaccination coupled with decreasing cases of COVID-19 the demand for tourism has increased. Commercial aircraft owners are increasing their fleet to manage the increasing load on the airline industry as well as upgrading older planes with high tech technologies thus, driving the growth of the market.

By Type, the polyacrylonitrile (PAN) segment is anticipated to lead the growth of the aerospace carbon fiber market through the forecast period. For its greater strength, stability, and increased carbon yield, polyacrylonitrile (PAN) is the most commonly utilized precursor for carbon fiber. PAN accounts for around 90% of carbon fiber production, with rayon or petroleum pitch accounting for the remaining 10%. PAN is an important polymer for aerospace carbon fibers because of its unique properties, such as low density, thermal stability, high resistance, and elasticity modulus, UV stability, non-melting, and chemical resistance thus, strengthening the development of the segment during the forecast period.

Regional Analysis of Aerospace Carbon Fiber Market

The European region is anticipated to dominate the aerospace carbon fiber market over the forecast period attributed to the presence of prominent aircraft manufacturers. Germany is home to manufacturers from several areas, including equipment manufacturers, material and component suppliers, engine producers, and entire system integrators. Germany is one of the key production bases for the aircraft industry. For decades, the German aerospace sector has been on the rise and has been a global leader, meeting global demand for the future of efficient air transport. Moreover, government funding has supported the growth of the aerospace industry in Germany. Similarly, funding from other countries in R&D is expected to support the growth of the aerospace carbon fiber market growth over the forecast period.

The North American region is anticipated to have the second-highest share of the aerospace carbon fiber market during the analysis period attributed to the rise in defense expenditure. The defense industry has been better insulated than the commercial aerospace industry in terms of COVID-19's global impact, and continued US government backing for the National Defense Strategy is expected to keep defense spending consistent in 2022. President Biden's budget proposal calls for a $753 billion defense spending (up 2 percent YoY). Heavy investment in research and development, as well as certain long-term projects such as the fifth-generation F-35 Joint Strike Fighter and the B-21 Long-Range Strike Bomber, account for the majority of the US military budget thus, strengthening the expansion of the aerospace carbon fiber market in this region.

The aerospace carbon fiber market in the Asia-Pacific region is projected to develop at a significant growth rate over the forecasted period. The raw material required for the production of aircraft is mostly exported from the countries such as China, India, South Korea, Japan, and Indonesia. Moreover, governments are promoting air travel to boost the aviation industry. For instance, The Indian government's National Civil Aviation Policy 2016 (NCAP) aims to make flying more accessible to the general public through improving affordability and connectivity. Ease of doing business, deregulation, simpler procedures, and e-governance are all encouraged thus, supporting the growth of the aerospace carbon fiber market.

COVID-19 Impact on Aerospace Carbon Fiber Market

The COVID-19 pandemic negatively affected the functioning of several industry verticals. Sanctions were imposed by several governments across the globe to curb the spread of the virus. COVID-19 protocols such as shutting down non-essential activities of business operations and schools, imposing curfews, stay-at-home orders, and closing international borders. As international borders were closed, it negatively affected the supply chain of the aerospace carbon fiber market. The recovery in air travel has been substantial, but it has been unevenly distributed regionally. In 2021, global passenger counts increased by about 30% to 2.3 billion, but this is still less than half of the 4.5 billion air travelers in 2019. The International Air Transport Association (IATA) estimates that the figures will not return to 2019 levels until 2024. Large domestic markets (such as the United States, China, Russia, and Brazil) have propelled this rebound, as has recovery in the European market in the latter half of the year, as the benefits of the EU vaccine passport and the reopening of transatlantic travel became apparent. The Asia Pacific market continues to be the cause of the most concern, with traffic levels staying up to 70% below 2019 levels due to strong travel restrictions. The last two years have been the most difficult for aviation in its history, but the sector's resilience has been amazing. A global vaccination rollout, along with a coordinated international effort to manage constraints, will propel air travel back to levels seen in 2019 thus, supporting the growth of the aerospace carbon fiber market during the forecast period.

Players Covered  in Aerospace Carbon Fiber Market are

  • Hexcel Corporation
  • SGL Carbon SE
  • Solvay
  • Toho Tenax (Tenjin Carbon)
  • Toray Industries Inc.
  • Tencate
  • DuPont
  • Mitsubishi Rayon
  • BASF SE and other major players.

Recent Industry Developments In Aerospace Carbon Fiber Market

In January 2022, A letter of intent has been signed by Solvay and Trillium Renewable Chemicals to develop the supply chain for bio-based acrylonitrile (bio-ACN). The goal of this collaboration is to develop carbon fiber for usage in a variety of industries, including aerospace, automotive, energy, and consumer goods.

In November 2021, Hexcel Corporation announced a partnership with Fairmat to build a utility that will recycle carbon fiber prepreg from Hexcel European operations for reuse in composite panels sold into commercial markets. Recycled prepreg will be utilized in the production of carbon fiber.

Global Aerospace Carbon Fiber Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 508.41 Mn.

Forecast Period 2024-32 CAGR:

12%

Market Size in 2032:

USD 1409.86 Mn.

Segments Covered:

By Type

  • Polyacrylonitrile-Based Carbon Fiber
  • Pitch-Based Carbon Fiber

By Application

  • Commercial Fixed-Wing Aircraft
  • Military Fixed-Wing Aircraft
  • Rotorcraft

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Lightweight Ness Reduces Petrol Consumption

Key Market Restraints:

  • High Production Cost

Key Opportunities:

  • New Aerodynamic Sleek Design

Companies Covered in the report:

  • Hexcel Corporation, SGL Carbon SE, Solvay, Toho Tenax (Tenjin Carbon), Toray Industries Inc., and Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Type
ā€ƒ3.2 By Application

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Aerospace Carbon Fiber Market by Type
ā€ƒ5.1 Aerospace Carbon Fiber Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Aerospace Carbon Fiber Market Overview
ā€ƒ5.3 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Polyacrylonitrile-Based Carbon Fiber: Grographic Segmentation
ā€ƒ5.4 Pitch-Based Carbon Fiber
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Pitch-Based Carbon Fiber: Grographic Segmentation

Chapter 6: Aerospace Carbon Fiber Market by Application
ā€ƒ6.1 Aerospace Carbon Fiber Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Aerospace Carbon Fiber Market Overview
ā€ƒ6.3 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Commercial Fixed-Wing Aircraft: Grographic Segmentation
ā€ƒ6.4 Military Fixed-Wing Aircraft
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 Military Fixed-Wing Aircraft: Grographic Segmentation
ā€ƒ6.5 Rotorcraft
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Rotorcraft: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
ā€ƒ7.1 Competitive Landscape
ā€ƒā€ƒ7.1.1 Competitive Positioning
ā€ƒā€ƒ7.1.2 Aerospace Carbon Fiber Sales and Market Share By Players
ā€ƒā€ƒ7.1.3 Industry BCG Matrix
ā€ƒā€ƒ7.1.4 Ansoff Matrix
ā€ƒā€ƒ7.1.5 Aerospace Carbon Fiber Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ7.1.6 Top 5 Aerospace Carbon Fiber Players Market Share
ā€ƒā€ƒ7.1.7 Mergers and Acquisitions
ā€ƒā€ƒ7.1.8 Business Strategies By Top Players
ā€ƒ7.2 HEXCEL CORPORATION
ā€ƒā€ƒ7.2.1 Company Overview
ā€ƒā€ƒ7.2.2 Key Executives
ā€ƒā€ƒ7.2.3 Company Snapshot
ā€ƒā€ƒ7.2.4 Operating Business Segments
ā€ƒā€ƒ7.2.5 Product Portfolio
ā€ƒā€ƒ7.2.6 Business Performance
ā€ƒā€ƒ7.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ7.2.8 SWOT Analysis
ā€ƒ7.3 SGL CARBON SE
ā€ƒ7.4 SOLVAY
ā€ƒ7.5 TOHO TENAX (TENJIN CARBON)
ā€ƒ7.6 TORAY INDUSTRIES INC.
ā€ƒ7.7 TENCATE
ā€ƒ7.8 DUPONT
ā€ƒ7.9 MITSUBISHI RAYON
ā€ƒ7.10 BASF SE
ā€ƒ7.11 OTHER MAJOR PLAYERS

Chapter 8: Global Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ8.1 Market Overview
ā€ƒ8.2 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ8.2.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ8.2.2 Pitch-Based Carbon Fiber
ā€ƒ8.3 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ8.3.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ8.3.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ8.3.3 Rotorcraft

Chapter 9: North America Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ9.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.2 Impact of Covid-19
ā€ƒ9.3 Key Players
ā€ƒ9.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ9.4.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ9.4.2 Pitch-Based Carbon Fiber
ā€ƒ9.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ9.5.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ9.5.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ9.5.3 Rotorcraft
ā€ƒ9.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ9.6.1 U.S.
ā€ƒā€ƒ9.6.2 Canada
ā€ƒā€ƒ9.6.3 Mexico

Chapter 10: Europe Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ10.4.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ10.4.2 Pitch-Based Carbon Fiber
ā€ƒ10.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ10.5.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ10.5.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ10.5.3 Rotorcraft
ā€ƒ10.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.6.1 Germany
ā€ƒā€ƒ10.6.2 U.K.
ā€ƒā€ƒ10.6.3 France
ā€ƒā€ƒ10.6.4 Italy
ā€ƒā€ƒ10.6.5 Russia
ā€ƒā€ƒ10.6.6 Spain
ā€ƒā€ƒ10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ11.4.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ11.4.2 Pitch-Based Carbon Fiber
ā€ƒ11.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ11.5.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ11.5.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ11.5.3 Rotorcraft
ā€ƒ11.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.6.1 China
ā€ƒā€ƒ11.6.2 India
ā€ƒā€ƒ11.6.3 Japan
ā€ƒā€ƒ11.6.4 Singapore
ā€ƒā€ƒ11.6.5 Australia
ā€ƒā€ƒ11.6.6 New Zealand
ā€ƒā€ƒ11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ12.4.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ12.4.2 Pitch-Based Carbon Fiber
ā€ƒ12.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ12.5.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ12.5.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ12.5.3 Rotorcraft
ā€ƒ12.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.6.1 Turkey
ā€ƒā€ƒ12.6.2 Saudi Arabia
ā€ƒā€ƒ12.6.3 Iran
ā€ƒā€ƒ12.6.4 UAE
ā€ƒā€ƒ12.6.5 Africa
ā€ƒā€ƒ12.6.6 Rest of MEA

Chapter 13: South America Aerospace Carbon Fiber Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ13.4.1 Polyacrylonitrile-Based Carbon Fiber
ā€ƒā€ƒ13.4.2 Pitch-Based Carbon Fiber
ā€ƒ13.5 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ13.5.1 Commercial Fixed-Wing Aircraft
ā€ƒā€ƒ13.5.2 Military Fixed-Wing Aircraft
ā€ƒā€ƒ13.5.3 Rotorcraft
ā€ƒ13.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.6.1 Brazil
ā€ƒā€ƒ13.6.2 Argentina
ā€ƒā€ƒ13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Aerospace Carbon Fiber Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 508.41 Mn.

Forecast Period 2024-32 CAGR:

12%

Market Size in 2032:

USD 1409.86 Mn.

Segments Covered:

By Type

  • Polyacrylonitrile-Based Carbon Fiber
  • Pitch-Based Carbon Fiber

By Application

  • Commercial Fixed-Wing Aircraft
  • Military Fixed-Wing Aircraft
  • Rotorcraft

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Lightweight Ness Reduces Petrol Consumption

Key Market Restraints:

  • High Production Cost

Key Opportunities:

  • New Aerodynamic Sleek Design

Companies Covered in the report:

  • Hexcel Corporation, SGL Carbon SE, Solvay, Toho Tenax (Tenjin Carbon), Toray Industries Inc., and Other major players.
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Frequently Asked Questions :

What would be the forecast period in the Aerospace Carbon Fiber Market research report?

The forecast period in the Aerospace Carbon Fiber Market research report is 2024-2032.

Who are the key players in Aerospace Carbon Fiber Market?

Hexcel Corporation, SGL Carbon SE, Solvay, Toho Tenax (Tenjin Carbon), Toray Industries Inc., Tencate, DuPont, Mitsubishi Rayon, BASF SE, and other major players.

What are the segments of the Aerospace Carbon Fiber Market?

The Aerospace Carbon Fiber Market is segmented into Type, Application, and region. By Type, the market is categorized into Polyacrylonitrile-Based Carbon Fiber, Pitch-Based Carbon Fiber. By Application, the market is categorized into Commercial Fixed-Wing Aircraft, Military Fixed-Wing Aircraft, Rotorcraft. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Aerospace Carbon Fiber Market?

Carbon fiber is made up of carbon atoms and has a diameter of 5-10 micrometers. Nearly 90% of carbon fiber is made from polyacrylonitrile (PAN). The rest is made of rayon or petroleum pitch.

How big is the Aerospace Carbon Fiber Market?

Aerospace Carbon Fiber Market Size Was Valued at USD 508.41 Million In 2023, And Is Projected to Reach USD 1409.86 Million By 2032, Growing at A CAGR of 12% From 2024-2032.