Aviation Carbon Fiber Market Analysis

Report ID: GMI12359
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Published Date: November 2024
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Report Format: PDF

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Aviation Carbon Fiber Market Analysis

The carbon fibers requirements in the aviation industry is changing over because of policies such the ICAO emissions reduction plan which promote emissions reduction and sustainability. This means that firms can manufacture advanced materials like carbon fibers which are light and use less fuel. In addition, investments in recycling technology and bio composites could provide other avenues for growth. However there are some hurdles such as regulatory capture such as certification and cost issues may delay acceptance rates, so industry in general needs to innovate and collaborate simultaneously.
 

Aviation Carbon Fiber Market Size, By Raw Material, 2021-2034 (USD Billion)

Based on raw material, the aviation carbon fiber market is segmented into PAN-based carbon fiber and pitch-based carbon fiber. In 2024, the PAN-based carbon fiber segment accounted for the largest market share with 78.4% share.
 

  • The aviation industry relies heavily on the use of polyacrylonitrile (PAN) fibers in its carbon fiber composites. It is due to their higher strength to weight ratio, astonishing durability, and ability to endure drastic temperatures that their demand constantly increases. Polyacrylonitrile fibers are treated with proprietary high temperature methods and processes with great precision which produce an extremely lightweight material with astonishing rigidity. This material is primarily solved in structural members of the airplane like wings, bulkheads, and tails. This makes their use almost mandatory for enhancing fuel efficiency in the aircraft or reducing the environmental impacts of aviation since the carbon fibers made from PAN have very high mechanical properties.
     
  • The focus of the aviation industry on carbon emission reduction has positively emphasized the requirements for performance and sustainability targets that PAN based carbon fibers can meet. However, problem is that the production cost is high, and it is less attractive economically. Despite advances in all the modern fields, such as automation and better-designed precursors, manufacturing costs are expected to decline dramatically. Given the demand for light fuel-efficient aircraft, the use of PAN-based carbon fibers will certainly grow.

 

 Aviation Carbon Fiber Market Share, By Type, 2024

Based on type, the aviation carbon fiber market is divided into continuous, long, and short. The continuous segment is the fastest-growing segment with a CAGR of 10.3% during the forecast period.
 

  • Continuous carbon fibers are highly demanded in aerospace because of their excellent performance. They are made in fabrics or pre-cuts, unlike long or cut fibers. Continuous carbon fibers are extremely robust and ideal for highly stressed components such as aircraft wings and fuselage. These features increase the structure's strength and save fuel.
     
  • The aerospace industry uses stronger and lighter fuel and environmentally friendly materials, which is why continuous carbon fibers are increasingly used. This material has many advantages, and has increased the production rate of structural components.

 

U.S. Aviation Carbon Fiber Market Size, 2021-2034 (USD Million)

North America aviation carbon fiber market is expected to reach over USD 1.7 billion by 2034.  Because of its well-developed aerospace infrastructure the USA dominates the carbon fiber sector in aviation. The United States is home to industry leaders such as Boeing as well as a growing number of urban air mobility entrepreneurs that increases the demand for more advanced, fuel-efficient and lightweight airplanes. The most advanced aircraft nowadays are made from carbon fiber composites and the continuous development of carbon fiber composites has ensured that North America is the leading region in adopting carbon fiber composites in their aerospace industry.
 

In China market, Carbon fiber materials are increasingly important for the Chinese aerospace industry, helping to improve aircraft performance while reducing emission levels. Due to the expansion of the commercial aviation fleet and production capacity of the country, there is a growing demand for lightweight carbon fiber composites. China is also expected to focus more on the development of environmentally friendly materials to support future aviation and aircraft manufacturing industries, making carbon fibers an important component of the infrastructure.
 

In Germany aviation carbon fiber market, The development of German aerospace is based on dynamic innovations combining carbon composites and biofuel engine. The main companies in the aviation sector SGL Carbon and Airbus are investing in Germany's carbon fibers and biocarbon fibers used in military and commercial aircraft. Together, these measures promise to increase fuel efficiency and reduce the environmental impact of fuel combustion and carbon emissions. The German aerospace sector integrates new technologies into commercial and military aircraft.
 

In order to meet Japan's long-term military vision of making it more cost-effective and environmentally friendly, new approaches will be needed to integrate carbon fibers. In order to achieve these objectives, Japan's aerospace sector has invested heavily in the integration of carbon fibers.
 

The Korean space aviation carbon fiber industry is growing as carbon fibers are being introduced for international and domestic markets. The increasing importance of eVTOL and carbon fiber reinforced plastic (CFRP) composites for commercial aircraft alongside the adoption of advanced production technologies and climate change mitigation goals in the country drives the application of carbon fibers in new aircraft design.

Authors: Suraj Gujar , Partha Paul
Frequently Asked Question(FAQ) :
Who are the major players in the aviation carbon fiber industry?
Major players in the industry include Aernnova Aerospace, Bally Ribbon Mills, BGF Industries Inc., Chomarat Group, DowAksa, DuPont de Nemours, Inc., Hexcel Corporation, HYOSUNG, Mitsubishi Chemical Group, Park Aerospace Corp, SGL Carbon SE, Solvay S.A., TEIJIN LIMITED, Toray Industries, Inc., and Zoltek Companies Incorporated.
How much is the North America aviation carbon fiber market worth?
How big is the global aviation carbon fiber market?
What is the market share of PAN-based carbon fiber in the aviation industry?
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    Base Year: 2024

    Companies covered: 13

    Tables & Figures: 290

    Countries covered: 18

    Pages: 230

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