Market Size of Aerospace Carbon Fiber Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aviation Carbon Fiber Market Analysis
The aviation carbon fiber market was valued at USD 1.76 billion in 2022 and is projected to grow to USD 2.67 billion by 2028 at a CAGR of 7.51% during the forecast period.
The rapid adoption of modern manufacturing technologies such as additive manufacturing and the development and induction of new aircraft models are likely to remain the key growth drivers for the market. Also, the need for manufacturing low-weight, fuel-efficient aircraft that reduce emissions is anticipated to drive the growth prospects of the market. Advancements in the application base of additive manufacturing techniques in the aviation sector are envisioned to affect the market in the future.
Aviation Carbon Fiber Industry Segmentation
Carbon fibers are about 5 to 10 micrometers in diameter and are mostly composed of carbon atoms. Due to the immense advantages of carbon fibers such as high stiffness, high tensile strength, high strength-to-weight ratio, high chemical resistance, high-temperature tolerance, and low thermal expansion, they are considered ideal for aircraft manufacturers.
The aviation carbon fiber market is segmented by application and geography. By application, the market is segmented into commercial fixed-wing aircraft, military fixed-wing aircraft and rotorcraft. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The report offers market size by value for all segments in USD Billion.
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| Commercial Fixed-wing Aircraft | |
| Military Fixed-wing Aircraft | |
| Rotorcraft |
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Aerospace Carbon Fiber Market Size Summary
The aviation carbon fiber market is poised for significant growth, driven by the increasing adoption of modern manufacturing technologies and the development of new aircraft models. The demand for lightweight, fuel-efficient aircraft is a primary factor propelling market expansion, as these aircraft contribute to reduced emissions and lower fuel consumption. The aviation industry, particularly commercial airlines, is focused on enhancing fuel efficiency due to narrow profit margins, making carbon fiber an attractive material choice. The growth of commercial aircraft featuring high composite compositions, such as the B787 and A350WXB, further underscores the market's potential. Additionally, the expansion of new flight routes necessitates fleet upgrades, boosting the demand for next-generation commercial aircraft and, consequently, carbon fiber materials.
The Asia-Pacific region is expected to experience the highest growth rate in the aviation carbon fiber market, driven by a surge in aircraft orders and deliveries. This growth is fueled by the increasing demand for newer generation aircraft and the region's robust air passenger traffic. The presence of numerous material suppliers in Asia-Pacific, supplying raw materials to part manufacturers and aircraft OEMs, further supports market expansion. The market is highly consolidated, with leading companies like Solvay S.A., Toray Industries, Inc., and DuPont de Numours, Inc. dominating the landscape. These companies are investing in advanced carbon fiber materials and collaborating with research institutions to innovate and address current material challenges, shaping the future of aviation materials.
Aerospace Carbon Fiber Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Commercial Fixed-wing Aircraft
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2.1.2 Military Fixed-wing Aircraft
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2.1.3 Rotorcraft
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 France
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2.2.2.3 Germany
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2.2.2.4 Italy
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2.2.2.5 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 Rest of Asia-Pacific
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2.2.4 Latin America
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2.2.4.1 Mexico
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2.2.4.2 Brazil
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2.2.4.3 Rest of Latin America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 United Arab Emirates
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2.2.5.3 South Africa
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2.2.5.4 Rest of Middle-East and Africa
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Aerospace Carbon Fiber Market Size FAQs
What is the current Aerospace Carbon Fiber Market size?
The Aerospace Carbon Fiber Market is projected to register a CAGR of 7.51% during the forecast period (2024-2029)
Who are the key players in Aerospace Carbon Fiber Market?
SGL Carbon SE, TEIJIN LIMITED, Toray Industries, Inc., Solvay S.A. and DuPont de Numours, Inc. are the major companies operating in the Aerospace Carbon Fiber Market.
