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Aviation Carbon Fiber Market Size

  • Report ID: GMI12359
  • Published Date: Nov 2024
  • Report Format: PDF

Aviation Carbon Fiber Market Size

The global aviation carbon fiber market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of 9.8% from 2025 to 2034.

 

The aviation industry faces ongoing pressure to reduce operating costs, primarily through improved fuel efficiency. Lightweight materials, particularly carbon fiber, are essential in achieving these goals by significantly reducing aircraft weight. Lighter aircraft consume less fuel, resulting in lower emissions and operating costs. As airlines and aircraft manufacturers focus on enhancing fuel efficiency to meet stringent environmental regulations and consumer demand for sustainable travel options, carbon fiber has become increasingly important. The increasing demand for air travel drives the need for more fuel-efficient and lightweight aircraft. Carbon fiber, with its high strength-to-weight ratio, plays a crucial role in manufacturing aircraft that meet performance and sustainability requirements.
 

For instance, In April 2023, the International Air Transport Association (IATA) reported a 55.5% increase in global air travel demand in February 2023, compared to February 2022. Traffic reached 84.9% of pre-pandemic levels (February 2019). Furthermore, this trend is expected to continue, with carbon fiber usage expanding across commercial and military aircraft.
 

Carbon fiber composites have become integral to aerospace manufacturing, offering exceptional strength-to-weight ratios, corrosion resistance, and durability. As aircraft manufacturers aim to improve performance while meeting environmental standards, carbon fiber integration has increased in key structural components such as wings, fuselage, and tail sections. For instance, In June 2024, Airbus announced its commitment to aerospace decarbonization, focusing on reducing CO2 emissions from its products. As part of this, Airbus is exploring bio-based carbon fibers as sustainable alternatives to fossil fuel-derived composites, aiming to maintain the same performance and safety standards for structural components like fuselages and wings. The material's versatility enables complex, lightweight designs that are both stronger and more fuel-efficient. Additionally, advancements in manufacturing techniques, including automation and cost reduction strategies, have improved carbon fiber accessibility, further promoting its widespread use in the aerospace sector.

Authors: Suraj Gujar , Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aviation carbon fiber was valued at USD 2.2 billion in 2024 and is projected to reach USD 5.5 billion by 2034, driven by a CAGR of 9.8% from 2025 to 2034.

PAN-based carbon fiber accounted for 78.4% of the market share in 2024, driven by its exceptional strength-to-weight ratio and high durability.

The North America market is expected to surpass USD 1.7 billion by 2034, driven by the region's strong aerospace industry and advancements in carbon fiber production.

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.

Aviation Carbon Fiber Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 13
  • Tables & Figures: 290
  • Countries covered: 18
  • Pages: 230
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