Global Aerospace Carbon Fiber Market Size Was Valued at USD 405.30 Million In 2021, And Is Projected to Reach USD 896.00 Million By 2028, Growing at A CAGR of 12% From 2022 To 2028.
Aerospace relies heavily on lightweight materials with exceptional strength. Carbon fiber steps up to the challenge, offering a perfect blend of these properties. It's composed of thin, high-strength carbon strands that, when woven or arranged in layers with a resin binder, create a strong yet remarkably lightweight composite material. This translates to significant weight reduction in aircraft parts like wings, fuselages, and empennage (tail structures). The resulting weight savings translates directly into improved fuel efficiency, increased payload capacity, and overall aircraft performance. Moreover, carbon fiber boasts impressive qualities like high stiffness, excellent fatigue resistance, and superior dimensional stability, making it ideal for demanding aerospace applications.
Key Prominent Players In The 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.
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Global Aerospace Carbon Fiber Market Segmentation:
By Type
- Polyacrylonitrile-Based Carbon Fiber
- Pitch-Based Carbon Fiber
By Application
- Commercial Fixed-Wing Aircraft
- Military Fixed-Wing Aircraft
- Rotorcraft
Geographic Segment Covered in the Report:
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Aerospace Carbon Fiber market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Aerospace Carbon Fiber market segments and regions.
Recent Industry Developments In Aerospace Carbon Fiber Market
Increased Adoption in Electric and Urban Air Mobility (UAM) Vehicles: The rise of electric and hybrid-electric aircraft, as well as Urban Air Mobility (UAM) vehicles like eVTOLs (electric vertical takeoff and landing), is driving demand for lightweight, high-strength carbon fiber. These vehicles require materials that can optimize range and payload capacity, which carbon fiber excels at.
Focus on Recyclable and Bio-based Carbon Fibers: Sustainability concerns are pushing for advancements in recyclable and bio-based carbon fibers. Companies are developing new technologies to recover and reuse carbon fibers from used aircraft parts, reducing waste and environmental impact. Additionally, research into bio-based resins and even bioderived carbon fibers themselves is underway, offering a more sustainable alternative to traditional production methods.
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