Aerospace Carbon Fiber Market Size (2024 - 2029)

The aviation carbon fiber market is expected to experience significant growth, driven by the increasing adoption of advanced manufacturing technologies like additive manufacturing and the introduction of new aircraft models. The demand for lightweight, fuel-efficient aircraft that contribute to reduced emissions is projected to enhance the market's expansion. Furthermore, advancements in the use of additive manufacturing techniques within the aviation sector are anticipated to impact the market's future trajectory.

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Market Size of Aerospace Carbon Fiber Industry

Aerospace Carbon Fiber Market Summary
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

Aerospace Carbon Fiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Application
Commercial Fixed-wing Aircraft
Military Fixed-wing Aircraft
Rotorcraft
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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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.

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Aerospace Carbon Fiber Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Commercial Fixed-wing Aircraft

      2. 2.1.2 Military Fixed-wing Aircraft

      3. 2.1.3 Rotorcraft

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 United Kingdom

        2. 2.2.2.2 France

        3. 2.2.2.3 Germany

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 India

        3. 2.2.3.3 Japan

        4. 2.2.3.4 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Mexico

        2. 2.2.4.2 Brazil

        3. 2.2.4.3 Rest of Latin America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 United Arab Emirates

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Rest of Middle-East and Africa

Aerospace Carbon Fiber Market Size FAQs

The Aerospace Carbon Fiber Market is projected to register a CAGR of 7.51% during the forecast period (2024-2029)

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.

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Aviation Carbon Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)